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Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) announced its plans to buy the flow improver business of Phillips 66 PSX for about $1.4 billion of stock.
Phillips 66 PSX shot up 1.38 percent to $75.75 after Berkshire Hathaway (NYSE: BRK-A) announced its plans to buy the flow improver business of Phillips 66 for about $1.4 billion of stock.
Equities Trading DOWN
Shares of Silver Standard Resources SSRI were down 1.78 percent to 6.64. Silver futures tumbled 3.29% to trade at $18.97 an ounce.
Hewlett-Packard Company HPQ was down, falling 0.39 percent to $27.96 after the company announced its plans to cut 34,000 jobs by the end of 2014.
CommoditiesSilver traded up 0.20 percent Tuesday to $19.66, while copper rose 0.03 percent to $3.38.
EurozoneEconomics
The ICSC-Goldman Sachs store sales index rose 1% in the week ended Saturday versus the earlier week.
The S&P/Case-Shiller home price index gained 13.6% in the year ended October. The Chicago PMI fell to 59.10 in December, versus a prior reading of 63.00. However, economists were expecting a reading of 61.00.
The Conference Board's consumer confidence index surged to 78.10 in December, versus a prior reading of 70.40. However, economists were expecting a reading of 76.00.
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