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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 3.09 percent to $77.03 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 1.92 percent to $6.89. Silver futures tumbled 3.29% to trade at $18.97 an ounce.
Mechel OAO MTL was down, falling 2.25 percent to $2.52 after the company appointed Senior Vice-President for Economics and Management Oleg Korzhov as its Chief Executive Officer.
CommoditiesSilver traded up 0.20 percent Tuesday to $19.66, while copper rose 0.59 percent to $3.40.
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 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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