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Hulu rolls out ad-free option for $11.99 a monthExternal Link

Internet TV streaming service Hulu said on Wednesday it will offer an ad-free version for $11.99 per month, $4 more than its traditional service. The announcement comes after Hulu, a joint venture of Comcast Corp. ; 21st Century Fox and The Walt Disney Co. , inked a content deal with premium cable movie channel Epix, which is owned by MGM Holdings Inc. ; Lions Gate Entertainment Corp. and Viacom Inc. . Hulu's ad-free price point is higher than competitors Netflix Inc. , at $8.99 per month, and Amazon.com Inc.'s Prime Instant Video, which is about $8.25 per month.

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.


Wed, 02 Sep 2015 15:42:34 GMT
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H&R Block shares lead S&P 500 on narrower loss, stock buyback planExternal Link

Shares of H&R Block Inc. rallied Wednesday to top the S&P 500 after the tax-preparation company posted a smaller-than-projected quarterly loss and announced a new stock buyback program. H&R Block late Tuesday reported a fiscal first-quarter adjusted loss of 35 cents a share, better than the loss of 40 cents a share projected by analysts in a FactSet survey. Revenue grew 3.1% to $137.7 million. The company also unveiled a $3.5 billion stock repurchase plan. Shares of H&R Block jumped 6.6% to $35.10, bringing their year-to-date gains to 4.4%.

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.


Wed, 02 Sep 2015 15:25:03 GMT
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Oil falls below $45; EIA reports 4.7 million-barrel rise in crude supplies External Link

Oil prices fell below $45 a barrel Wednesday after the U.S. Energy Information Administration reported an increase of 4.7 million barrels in crude supplies for the week ended Aug. 28. Analysts polled by Platts forecast a crude-stock fall of 800,000 barrels, while the American Petroleum Institute Tuesday said supplies rose 7.6 million barrels, according to sources. Gasoline supplies fell 300,000 barrels while distillate stockpiles climbed 100,000 barrels last week, according to the EIA. October crude was at $44.78 a barrel, down 63 cents, or 1.4%, on the New York Mercantile Exchange. Prices traded at $45.20 before the report.

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.


Wed, 02 Sep 2015 14:35:59 GMT
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Mikulski backs Iran deal, giving Obama last needed vote External Link

Sen. Barbara Mikulski, a Maryland Democrat, said Wednesday she supports the nuclear deal with Iran, giving the agreement enough votes to be upheld in the Senate. She becomes the 34th Democrat to back the deal, the magic number to sustain a veto.

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.


Wed, 02 Sep 2015 14:17:57 GMT
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Factory orders rise for second month in JulyExternal Link

WASHINGTON (MarketWatch) -- Factory orders rose 0.4% in July, marking the second month of gains after a strong June, the Commerce Department reported Wednesday. June's figures were upwardly revised to show a 2.2% gain from a previously reported 1.8% rise. The gain in July's factory orders was led by a 5.5% jump in transportation equipment, while orders for manufactured nondurable goods fell 1.3%. Other highlights: defense communication equipment orders jumped 25.5% and ship and boat orders rose 19.5%, while defense aircraft and parts slumped 13.1% and computer orders fell 10.6%.

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.


Wed, 02 Sep 2015 14:06:00 GMT
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