US: Trading
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Shares of Saks surge amid a New York Post report that the luxury department store chain hired Goldman Sachs to explore strategic alternatives, including a possible sale.
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Europe's energy price manipulation probe has turned regulatory attention to secretive trading units at oil companies with huge turnover and millionaire staff with risk appetite higher than at Wall Street's biggest banks.
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NEW YORK, May 21- Crude prices fell on Tuesday, led lower by a sharp drop in U.S. gasoline futures as traders bet the market would be well supplied this summer, and as an industry report showed rising fuel stockpiles in the world's largest oil consumer.
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NEW YORK, May 21- Stock markets around the world edged higher on Tuesday amid signs of improving growth, even though questions about monetary policy limited gains. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the economy.
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NEW YORK, May 21- U.S. stocks rose on Tuesday, with the Dow and the S&P 500 closing at new all-time highs as comments from Federal Reserve officials eased some concerns that the central bank could start reducing its stimulus program. The Dow Jones industrial average gained 52.30 points, or 0.35 percent, to end unofficially at a record 15,387.58.
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*Corn, wheat prices set April lows as plantings surge. NEW YORK, May 21- Corn prices hit multi-week lows on Tuesday, which pulled wheat lower, after record U.S. corn plantings, while oil and metals markets slipped amid worries the Federal Reserve might cut back its stimulus for the American economy.
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ARLINGTON, Va.-- Shares of FBR& Co. rose Tuesday after the investment bank opened a modified "Dutch auction" tender offer to buy up to 1.25 million shares, or about 10.6 percent, of its outstanding common stock. The stock will be purchased for between $22.50 and $23.50 per share. FBR shares rose $1.39, or 6 percent, to $23.39 in afternoon trading.
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NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. fell. 9 percent to $4.07 with 23,047,800 shares traded. Bank of America Corp. fell. 4 percent to $13.46 with 65,492,500 shares traded.
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Cisco Systems Inc. fell. 6 percent to $23.80 with 23,250,500 shares traded. Clearwire Corp. rose 4.9 percent to $3.42 with 29,710,900 shares traded. DryShips Inc. rose 4.1 percent to $2.26 with 11,472,400 shares traded.
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MINNEAPOLIS-- Medtronic shares rose 5 percent Tuesday after the company reported better-than-expected fourth quarter earnings on sales of implantable heart defibrillators and pacemakers. "With our scale and breadth of innovative technology, Medtronic is clearly outperforming the market," said CEO Omar Ishrak, in a statement.
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*Home Depot raises outlook, shares hit record intraday high. *JPMorgan shares hit highest since February 2001. NEW YORK, May 21- U.S. stocks gained on Tuesday as a record intraday high for Home Depot helped lift the blue-chip Dow, but investors were cautious a day ahead of congressional testimony from Federal Reserve Chairman Ben Bernanke.
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NEW YORK, May 21- U.S. Benchmark yields edged up, flirting with 2 percent, which was their highest level since mid-March, after Wall Street stocks touched new highs and nicked the appeal of low-yielding U.S. government debt. There is no reason to bid it before Bernanke, "said Eric Green, global head of rates and currency research and strategy at TD Securities in New York.
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*Chicago, New York Fed presidents set to speak. Fed to buy $2.75 bln to $3.50 bln medium term bonds. "The market is just going very quiet before Bernanke and the FOMC minutes," said Lou Brien, market strategist at DRW Trading in Chicago.
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NEW YORK, May 21- U.S. stocks opened slightly stronger on Tuesday after the S&P 500 hit yet another intraday record in the previous session, with markets expected to drift sideways ahead of Congressional testimony from Federal Reserve Chairman Ben Bernanke on Wednesday. The Dow Jones industrial average edged up 25.88 points, or 0.17 percent, at 15,361.16.
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*Home Depot raises outlook, shares jump. *JPMorgan shareholders to decide on Dimon's chairmanship. *The housing market recovery helped Home Depot report higher quarterly sales and earnings, prompting the world's largest home improvement chain to boost its sales outlook for the year.
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*Gold shoots up from 1- month low and 7 days of losses. *Silver hits Sept 2010 low before rebounding. Copper prices hit their highest in almost a week, helped by a weaker dollar and shrinking inventories of the metal in Asia, although concerns about China's growth capped gains.
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*Gold also shoots up from 1- month low and 7 days of losses. NEW YORK/ LONDON, May 20- Gold and silver prices gained about two percent on Monday after a roller-coaster session that opened with a gut-wrenching dive in silver prices to their lowest in 2-1/ 2 years before an abrupt midday turnaround.
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NEW YORK-- James River Coal Co. shares extended their rally Monday on news that the company reached deals to exchange about $243.4 million of existing debt for $123.3 million in new debt, pushing back the maturity of some of it by three years.
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*Yahoo's board approves $1.1 bln Tumblr acquisition. NEW YORK, May 20- U.S. stocks slipped by afternoon trade on Monday as indexes struggled to break above their record levels with investors hesitant to rush into the market.
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NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. rose 2.3 percent to $4.17 with 18,890,700 shares traded. Bank of America Corp. rose. 9 percent to $13.56 with 53,010,700 shares traded.