Oil inches higher, settles past $106 a barrel
SAN FRANCISCO (MarketWatch) -- Crude-oil futures ended marginally higher Wednesday, buoyed by lingering fears of a supply disruption after meetings in Tehran to assess Iran's nuclear program ended in disappointment for the officials with a watchdog nuclear agency. Crude traded in the red in early trading, only to seesaw as the day progressed. The April contract advanced 3 cents to settle at $106.28 a barrel on the New York Mercantile Exchange. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Wed, 22 Feb 2012 19:48:08 GMT
Gold settles at three-month high, above $1,770/oz
SAN FRANCISCO (MarketWatch) -- Gold futures shook off initial weakness to settle at a three-month high on Wednesday. Gold for April delivery advanced $12.80, or 0.7%, to end at $1,771.30 an ounce on the Comex division of the New York Mercantile Exchange, the highest for a most-active gold contract since Nov. 16. Early losses were met with vigorous buying, aided as the dollar pared gains slightly during the session, analysts said. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Wed, 22 Feb 2012 19:28:38 GMT
Two shot at Wal-Mart distribution center
BOSTON (MarketWatch) -- Local officials have confirmed that two people were shot on Wednesday at a Wal-Mart Stores Inc. distribution center in Dinwiddie County, Va., the Associated Press reported. A spokeswoman for the Dinwiddie County Fire Department told the AP that she didn't know the conditions of the two victims or whether a suspect had been apprehended. State and county police were still at the crime scene as of early afternoon. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Wed, 22 Feb 2012 18:50:23 GMT
Time Warner's TBS renews "Conan"
BOSTON (MarketWatch) -- Time Warner Inc.'s TBS division has renewed Conan O'Brien's show "Conan" for two more years, according to the Associated Press on Wednesday. The show debuted on the cable network in November 2010 and has averaged about 1.1 million viewers per show so far this year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Wed, 22 Feb 2012 18:37:52 GMT
U.S. sells 5-yr notes at highest yield in 3 months
NEW YORK (MarketWatch) -- The Treasury Department sold $35 billion in 5-year notes on Wednesday at a yield of 0.9%, the highest level since November. Bidders offered to buy 2.89 times the amount of debt sold, compared to an average of 3.02 times at the last four sales of 5-year notes, according to CRT Capital Group. Indirect bidders, a group which includes foreign central banks, purchased 41.8%, compared to 47.2% of recent sales. Direct bidders, a class which includes domestic money managers, brought another 12.9%, versus an average of 11.1%. After the auction, the broader bond market held onto gains. Yields on 10-year notes , which move inversely to prices, fell 3 basis points to 2.03%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Wed, 22 Feb 2012 18:10:04 GMT
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