The Fast Money traders take a look at today's biggest market movers.» Read More
Oct 9- Continental Resources Inc, the top oil producer in the Bakken oil region, said on Tuesday it expects to cut $1 million off the cost of its average well there by the end of 2013, as it takes on one of the biggest challenges in the booming oil basin.
NEW YORK, Oct 9- Small- and mid-capitalization stocks fell o n Tuesday, with shares of Super Micro Computer Inc. Shares of Super Micro Computer were down 11.7 percent at $9.39 after it said revenue for its first quarter will be at the lower end of its forecast. Third-quarter results for S&P 500 companies begin after the bell with a report from aluminum company Alcoa.
*Growth, Greece worries stoke safety bids for bonds. The International Monetary Fund warned that the United States faces meager growth of about 2 percent this year and next and predicted the euro zone economy would shrink 0.4 percent in 2012. It downgraded its outlook on China, the world's second-largest economy.
----------------------------------------------------------0700/ 1100: The USDA issues weekly world rice price. 1000/ 1400: The Labor Dept. issues Job Openings and Labor Turnover Survey for August. 1630/ 2030: The American Petroleum Institute issues weekly national petroleum report.
NEW YORK-- Small business owners may be pessimistic about the economy and their own companies right now, but they're getting optimistic about the future. A survey released Tuesday by the National Federation of Independent Business shows that owners became more pessimistic during September as employment and sales remained weak.
NEW YORK, Oct 9- U.S. natural gas futures reversed course and ended higher on Tuesday after early selling, backed by a colder turn in computer weather model projections released at midday. "It's all about weather, and it looks like the noon run turned a bit colder for the 11- to 15- day forecast," a New York- based trader said.
*Cotton market awaits USDA supply/demand report Thursday. The benchmark contract traded in a range from 71.41- 72.53 cents, finding resistance just above the 100- day moving average at 72.39 cents.
*Terms of the deal with Phillips 66 not disclosed* Terminal has 5 million barrels of storage capacity* It is located 80 miles east of New York Harbor.
Treasury Department sells 4- week bills, 11:30 a.m.. Treasury Department sells 10- year notes, 1 p.m..
Attorney in Manhattan and the U.S. Department of Housing and Urban Development on Tuesday filed a civil mortgage fraud lawsuit against Wells Fargo& Co. The government's complaint seeks damages and civil penalties from Wells Fargo under the U.S. Wells Fargo is the No. 4 U.S. bank as measured in assets.
MILWAUKEE-- A.O. Smith appointed its chief operating officer as CEO Tuesday. President and COO Ajita Rajendra, the new CEO, joined A.O. Smith in 2005 as president of its Water Products Co., which makes residential and commercial water heaters and boilers. Shares of A.O. Smith Corp. fell 40 cents to $57.45 in afternoon trading.
NEW YORK, Oct 9- A firm that reported trades to the FINRA/NASDAQ Trade Reporting Facility is reviewing transactions in at least 10 U.S.-traded securities that saw sudden, big moves on Tuesday before resuming normal trading in the latest case of odd gyrations by stocks.
The State Board of Education voted Tuesday to seek a $643 million, or 4.4 percent, spending increase next year for Florida's public schools and colleges. The total $15.6 billion spending request for the budget year beginning July 1, 2013, includes $9.88 billion in basic funding for kindergarten through 12th grade.
ALBANY, N.Y.-- Although profits continue to grow on a still rocky Wall Street, jobs are declining along with tax revenue that's vital to the state and New York City, according to a key annual earnings and employment report released Tuesday by New York state Comptroller Thomas DiNapoli.
ALBUQUERQUE, N.M.-- Stories like Jim Stanek's are common and quickly multiplying: An Iraqi war veteran with posttraumatic stress disorder and traumatic brain injury, he says his life was saved by a dog that gave him the confidence to do seemingly simple things, like go out to dinner and look his wife in the eye rather than watch his own back.
1. "NCIS," CBS, 18.87 million. 3. "60 Minutes," CBS, 15.96 million. 4. "The Big Bang Theory," CBS, 15.18 million.
WASHINGTON/ LOS ANGELES, Oct 9- The Treasury Department's inspector general is investigating a popular stimulus program that allowed rooftop solar panel projects to turn tax credits into cash grants.
By Robert Gibbons and Matthew Robinson. NEW YORK, Oct 9- Oil prices jumped on Tuesday, snapping two sessions of losses, as escalating turmoil on the border of Turkey and Syria heightened concerns of a supply disruption in a tense Middle East. He later told reporters that the OPEC powerhouse would prefer to see oil prices closer to $100 a barrel.
NEW YORK-- It may not qualify as a revolution, but after years of relentless bad news in the ratings, NBC has opened the new television season with some positive signs. Sunday night football leads the way, as is often the case for NBC. " While third in the ratings race last week, NBC won among viewers ages 18- to-49, the demographic where it concentrates its business.