Market News

NEW YORK (MarketWatch) -- U.S. crude supplies dropped by 4.3 million barrels for the week ended June 14, according to data from the American Petroleum Institute issued late Tuesday. A Platts survey of analysts forecast a 1 million-barrel decline. Gasoline inventories increased by 900,000 barrels, while distillate stockpiles dipped by 600,000 barrels. Analysts were looking for a rise of 1.2 million barrels in gasoline inventories and an increase of 300,000 barrels in distillate supplies. The API data come ahead of the more closely watched U.S. Energy Information Administration report due Wednesday. Ahead of the API report, July crude rose 0.7% to settle at $98.44 a barrel on Nymex. After the report, the contract advanced in electronic trading to $98.62.

SAN FRANCISCO (MarketWatch) - Google Inc. on Tuesday petitioned a court to let it publish separately national security government user-data requests, citing its rights under the First Amendment. The move expands on Google's earlier request to publish government data requests under the Foreign Intelligence Surveillance Act as part of its regular transparency report. "Greater transparency is needed," Google said in a statement. "Lumping national security requests together with criminal requests-as some companies have been permitted to do-would be a backward step for our users." The Foreigh Intelligence Surveillance Act gives government broad powers to access private information, including those collected by tech companies, which are typically barred from disclosing information about those requests. In its petition, Google said it "has a right under the First Amendment" to publish "the total number of FISA requests it receives: and "the total number of users or accounts encompassed within such requests."

Starbucks rises for a second day to a record after it says it will provide more nutrition information on the food it sells at its stores.

Facebook, Intel and H-P gains lift tech stocks. Amazon.com unveils new social-gift feature through Facebook.

Co announced an update of its third quarter 2013 outlook to reflect increased restructuring costs resulting from the previously announced weakness in Eastern Canada and mining, and new findings on certain project claims. Tetra Tech plans to incur restructuring costs associated with its Eastern Canadian and mining operations in the third quarter 2013. These costs are now estimated to be approximat...

Co is a development stage biomedical company currently focused on developing its perfluorocarbon-based intravenous oxygen carrier, Oxycyte, as a treatment for traumatic brain injury (TBI), stroke and other conditions where critical tissues are oxygen starved. Oxycyte is currently in Phase IIb clinical trials for TBI in Israel and Switzerland; however, the FDA has requested studies to explore the s...

 

Co announced that its board of directors has extended the timeframe for its current stock repurchase program announced in January 2013. When the current program was announced, the Corporation planned to repurchase up to eight million shares of its own stock through June 30, 2013. To date, the company has repurchased 6,420,936 of these shares, leaving 1,579,064 still available for repurchase. Today...

Co announced that, with a commitment of investment funding to support field trials, the South African Government has reinforced its support of growth in that country's fuel cell industry. Godfrey Oliphant, South Africa's Deputy Minister of Mineral Resources, made the announcement during his presentation to attendees of the "Hydrogen + Fuel Cells 2013 International Conference and Exhibition" in Van...

Co announced that it has successfully completed repairs to its propane dehydrogenation facility and the facility has resumed propylene production. Total costs for all completed repairs will be less than $2.5 million.