Five banks involved in setting the London benchmark gold price have been accused in a lawsuit of price manipulation.» Read More
China's exports unexpectedly tumbled in February, falling 18.1 percent from a year earlier and swinging the trade balance into deficit. The data underscored recent concerns about the outlook for China's economy, even though the Lunar New Year holidays were blamed for the slide.
NEW YORK, March 10- U.S. oil fell by more than $1 per barrel on Monday, pressured by an unexpected fall in China's exports that stoked fears of a slowdown in the world's second largest economy. Data from the IntercontinentalExchange showed the same managers raised their bullish Brent positions to their highest since October.
*China's trade balance swings to deficit. NEW YORK, March 10- U.S. "The backup in yields thus far is going to create decent demand," Guy LeBas, chief fixed income strategist at Janney Montgomery Scott in Philadelphia.
NEW YORK-- Alexion Pharmaceuticals raised its 2014 guidance on Monday, saying the national health agency of France will reimburse it for past sales of its drug Soliris. The Cheshire, Conn., company is now forecasting adjusted income of $4.37 to $4.47 per share and $2.15 billion to $2.17 billion in revenue.
DUBLIN, March 10- U.S. fruit firm Chiquita Brands and Irish rival Fyffes, Europe's largest distributor, have struck an all-stock deal to create the world's biggest banana supplier.
*Jitters over Ukraine contained for now. NEW YORK, March 10- The U.S. dollar held steady against major currencies on Monday, supported by hopes U.S. job growth would pick up in the wake of last week's mildly encouraging report on hiring and as tension over Ukraine remained contained.
WASHINGTON, March 10- The U.S. Supreme Court on Monday agreed to consider whether class action claims against underwriters of securities issued by a unit of the now-defunct IndyMac Bancorp Inc should be able to proceed.
American Electric Power Co. rose$. 00 or percent, to $49.33. Consolidated Edison Inc. Holding Co. fell$. 33 or. 6 percent, to $55.11. Dominion Resources Inc. fell$. 13 or. 2 percent, to $68.32.
NEW YORK-- Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 25 or 1.3 percent, to $19.66. Newmont Mining Corp. fell$. 49 or 2.0 percent, to $24.11.
Caterpillar fell$. 54 or. 6 percent, to $96.51. Deere& Co. fell$. 90 or 1.0 percent, to $87.90. Terex fell$. 78 or 1.8 percent, to $43.47.
NEW YORK-- Shares of some top construction companies are mixed at 10 a.m.:. Foster Wheeler fell$. 35 or 1.1 percent, to $31.84. Quanta Services Inc. rose$. 20 or. 5 percent, to $36.71.
Becton, Dickinson& Co. rose$. 28 or. 2 percent, to $115.85. Covidien fell$. 07 or. 1 percent, to $71.28. PerkinElmer fell$. 20 or. 4 percent, to $45.64.
Canadian Pacific Railway Ltd. fell$. 76 or. 5 percent, to $155.34. Kansas City Southern fell$. 63 or. 6 percent, to $97.74. Norfolk Southern Corp. fell$. 33 or. 3 percent, to $93.96.
Amgen Inc. rose$. 67 or. 5 percent, to $122.93. Biogen Idec rose $4.30 or 1.3 percent, to $333.05. Celgene Corp. fell$. 40 or. 3 percent, to $156.16.
DR Horton fell$. 14 or. 6 percent, to $23.33. Hovnanian Enterprises Inc. rose$. 02 or. 4 percent, to $5.10. Lennar Corp. fell$. 29 or. 7 percent, to $41.77.
Boeing fell $2.52 or 2.0 percent, to $126.02. Lockheed Martin Corp. fell$. 57 or. 3 percent, to $166.00. Northrop Grumman Corp. fell $1.12 or. 9 percent, to $123.18.
Hecla Mining Co. fell$. 03 or. 9 percent, to $3.43. Pan American Silver Corp. rose$. 04 or. 3 percent, to $14.32. Silver Standard Resources Inc. fell$. 13 or 1.2 percent, to $10.81.
NEW YORK-- Shares of some top drug benefits companies are up at 10 a.m.:. CVSCaremark rose$. 14 or. 2 percent, to $73.62. Express Scripts Holding Co. rose$. 28 or. 4 percent, to $78.58.
Las Vegas Sands Corp. fell$. 31 or. 4 percent, to $86.72. MGM Resorts International fell$. 06 or. 2 percent, to $28.23. Marriott International Inc. fell$. 33 or. 6 percent, to $54.46.
Delta Air rose$. 24 or. 7 percent, to $35.60. JetBlue Airways Corp. rose$. 06 or. 7 percent, to $9.09. Southwest Airlines Co. rose$. 45 or 1.9 percent, to $23.55.