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Crude Oil Ends Lower As U.S. Stockpile Rises

U.S. crude oil slipped for a second straight session to end at a more than two-week low on Wednesday, after a weekly oil report from the Energy Information Administration showed crude stockpiles in the U.S. to have risen more than expected last week. …

Gold Ends Higher On Safe Haven Appeal

Gold futures snapped a three-day loss to end higher on Wednesday, as investors sought the safe haven appeal of the precious metal with rising tensions in Ukraine and some weak U.S. existing home sales in March, while global equity markets declined.
In…

Russia Threatens To Retaliate If Interests In Ukraine Attacked

Russian Foreign Minister Sergei Lavrov warned Wednesday that Moscow would retaliate strongly if its “interests” in Ukraine are attacked. He also criticized the Ukrainian administration for relaunching its so-called anti-terrorist operation in the east…

Dow Chemical Q1 Profit Rises – Update

Dow Chemical Co. (DOW: Quote) Wednesday reported an increase in profit for the first quarter, as revenues improved while lower costs helped margin expansion. Earnings for the quarter came in ahead of Wall Street estimates, but revenues fell short of e…

Omnicare Q1 Profit Rises – Update

Pharmaceutical services provider Omnicare Inc. (OCR: Quote), Wednesday reported an increase in profit for the first quarter, driven largely by revenue growth and drop in selling, general and administrative costs.
Cincinnati, Ohio-based Omnicare’s firs…

Supervalu Swings To Q4 Profit – Update

Grocery retailer Supervalu Inc. (SVU: Quote), Wednesday reported a swing to profit in the fourth quarter, due mainly on revenue growth and lower expenses. Last year’s results were hurt by a large loss from discontinued operations. Earnings for the qua…