U.S. oil inventories declined, supporting crude prices. Gasoline and distillate stocks also experienced significant decreases.
Singapore-based videogame publisher, Grand Centrex, plans to go public through a $1.2 billion merger with RF Acquisition. They are a dominant player in the gaming industry and are expanding into publishing their own games.
Third-quarter earnings of Travelers Cos. fell short of estimates due to expanded catastrophe losses, but revenue exceeded expectations. The market reacts with a modest increase in Travelers' shares.
Berkshire Hathaway made a bold bet on Florida's hurricane season, which is paying off so far. The company's portfolio performance has also been strong, surpassing previous years' results.