|
In the bond market, the yield on the benchmark 10-year Treasury note rose to 1.98 percent from 1.90 percent late Monday. Demand for bonds waned as investors became more confident that Greece would reach a deal. A relatively weak auction of three-year Treasury notes also pushed bond prices lower. The euro rose to a two-year high against the dollar as worries eased about Greece's and Europe's debt problems. The euro rose 1.4 cents against the dollar to $1.33 in afternoon trading. Among the stocks making big moves in the U.S.: Yum Brands, which owns Taco Bell and KFC, jumped 2.6 percent. Its income surged 30 percent in the fourth quarter because of strong growth overseas and a turnaround in its Pizza Hut business in the U.S. Emerson Electric Co. lost 2.7 percent after the manufacturing and technology company said its quarterly profit fell 23 percent. It said costs rose and sales took a hit from flooding in Thailand. Becton, Dickinson & Co., a medical technology company, fell 3.8 percent. Its profit fell 17 percent in the latest quarter because of higher costs for raw materials and other expenses. The company also cut its 2012 earnings forecast.
[Associated
Press;
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor