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Bank of Canada press conference canceled after shootingExternal Link

WASHINGTON (MarketWatch) -- The Bank of Canada canceled a press conference on its monetary policy report "in light of this morning's incident in downtown Ottawa," the bank said on Twitter. Earlier Wednesday, a soldier was shot at the National War Memorial in Ottawa and the gunman was reportedly on the loose in the Canadian capital.

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, 22 Oct 2014 15:14:34 GMT
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Oil futures turn lower after supply reportExternal Link

SAN FRANCISCO (MarketWatch) -- U.S. crude-oil supplies rose by 7.1 million barrels in the week ended Oct. 17, the Energy Information Administration reported Wednesday. Analysts surveyed by Platts had expected an increase of 2.5 million barrels. Crude futures reversed course on the news, and the November contract was recently down 64 cents, or 0.8%, at $81.84 a barrel on the New York Mercantile Exchange. The contract traded at $82.55 before the report. The EIA also said gasoline inventories decreased 1.3 million barrels on the same week, and supplies of distillates rose 1 million barrels. The analysts polled by Platts had expected gasoline inventories to decline 1.7 million barrels, and distillates supplies to fall 1.5 million barrels.

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, 22 Oct 2014 14:40:10 GMT
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Soldier shot at Canada's war memorial: reportsExternal Link

WASHINGTON (MarketWatch) -- A solider was shot at the National War Memorial in Ottawa, and the gunman is on the loose in Canada's capital, according to media reports. Canada raised its terror threat level to medium from low in response to online chatter from radical groups, and a convert to Islam drove his car into two soldiers on Tuesday before being shot dead by police.

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, 22 Oct 2014 14:29:22 GMT
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Yahoo, Broadcom, EMC spur tech trading earlyExternal Link

SAN FRANCISCO (MarketWatch) -- Tech stocks opened with mixed results Wednesday, with gains from Yahoo Inc. and Broadcom Corp. being countered by losses from the likes of EMC Corp. and VMware Inc. . Reaction to earnings reports was at the root of all the tech leaders' market performance. The Nasdaq Composite Index , which includes many big-name tech stocks, was off by 6 points at 4,412.

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, 22 Oct 2014 13:45:37 GMT
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Tesla opens lower a day after Michigan blocks salesExternal Link

SAN FRANCISCO (MarketWatch) -- Shares of Tesla Motors Inc. fell 1.3% at the open Wednesday, a day after Michigan enacted legislation that bans the electric auto maker from selling its cars directly to consumers. Gov. Rick Snyder signed a measure Tuesday blocking Tesla from bypassing dealerships. Tesla had asked its fans to contact Snyder to lobby against the bill, passed by Michigan lawmakers earlier this month. Michigan is home to the "Big 3" auto makers, General Motors Co. , Ford Motor Co. , and Chrysler, a unit of Fiat Chrysler Automobiles NV. Also Tuesday, Germany's Daimler AG said it sold its 4% stake in Tesla for $780 million, although it added it wil continue to buy powertrains for its electric car from Tesla. Tesla shares have gained 55% so far this year, compared with gains of 5% for the S&P 500 index.

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, 22 Oct 2014 13:42:04 GMT
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