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The American Petroleum Institute late Tuesday reported that crude supplies climbed by 9.9 million barrels for the week ended Feb. 26, according to sources who reviewed the report. The Energy Information Administration will release its own data Wednesday. Analysts polled by Platts forecast a climb of 2.5 million barrels. April crude traded at $33.83 a barrel in electronic trading, down from the contract’s settlement of $34.40 on the New York Mercantile Exchange.

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The American Petroleum Institute late Tuesday reported that crude supplies climbed by 9.9 million barrels for the week ended Feb. 26, according to sources who reviewed the report. The Energy Information Administration will release its own data Wednesday. Analysts polled by Platts forecast a climb of 2.5 million barrels. April crude traded at $33.83 a barrel in electronic trading, down from the contract’s settlement of $34.40 on the New York Mercantile Exchange.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Starbucks Corp.’s former chief operating officer Troy Alstead has resigned from the company, effective immediately, the coffee retailer said Tuesday. Alstead had been on a sabbatical since March 1, 2015 and had informed the company earlier this month that he would not be returning, according to a regulatory filing. Shares of Starbucks were mostly flat in after-hours trading after gaining 3.1% in the regular session.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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TiVo Inc. late Tuesday reported fourth-quarter earnings ​of ​$199,000, compared with $7.1 million a year ago. The latest quarterly results included $12.8 million in chief executive transition costs and $7.7 million in related tax benefits. On a per-share basis, the San Jose, Calif.-based company broke even versus a profit of 7 cents a share in the year-earlier period. Net revenue rose to $123.1 million from $114.1 million while its services and technology revenue, a closely monitored metric that excludes hardware sales, increased 11% to $101.7 million. Analysts surveyed by FactSet had forecast a loss of 6 cents a share on revenue of $125 million. TiVo shares rose 0.6% in after-hours trading.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Talk about in like a lion. Wall Street enjoyed sharp gains Tuesday, led by a rally in bank stocks and oil’s surge. But for the S&P 500 index . the benchmark’s 2.4%, or 46 point, gain to 1,978.35, marked its best start to March ever, according to Dow Jones data. For the Dow Jones Industrial Average, Tuesday’s 2.1% spike was its best start to March since 2002, Dow Jones data show. Now, the only question is will stocks roar like a lion to open the month only to leave like a lamb, which would be a bad thing for stock-market bulls.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Gold futures finished lower on Tuesday, as a rally in the U.S. stock market dulled the precious metal’s investment appeal. April gold fell $3.60, or 0.3%, to settle at $1,230.80 an ounce on Comex.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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Avon Products Inc. said Tuesday that Cerberus Capital Management LP has agreed to invest $435 million in its convertible perpetual preferred stock as part of a new strategic partnership. Avon will separate its North America business into a privately-held company that will be majority owned and managed by Cerberus. The private-equity firm will invest $170 million in the new entity and hold an 80% stake. “The partnership, along with other actions we are taking, also further increases our financial flexibility,” Avon Chief Executive Sheri McCoy said in a statement. “We have significant capital resources and liquidity with which to fund working capital, restructuring costs, and opportunistic debt retirement.” Avon has $1 billion in cash including the proceeds from the two transactions, she said. Avon shares were trading down 3% in afternoon trade, while the S&P 500 was up 2%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News