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Dow Rises for Third Straight Day

Standard Chartered said it "strongly rejects" the allegations.

The New York State financial regulator has threatened to revoke the license of Standard Chartered to operate in the state pending a formal hearing.

Sirius XM Radio (SIRI) reported better-than-expected second-quarter revenue of $837.5 million. Analysts, on average, were expecting revenue of $834.38 million. Earnings per share were in line with estimates of 2 cents a share. Shares popped 4.6%.

Drugstore chain CVS Caremark (CVS) said it predicts full-year adjusted earnings of $3.32 and $3.38 a share, up from its prior estimate of $3.23 to $3.33. Analysts, on average, were expecting earnings of $3.33 a share. Shares slipped 1.7%.

Shares of Chesapeake Energy (CHK) jumped 9.4% following good second-quarter results.

Shares of Tesoro (TSO) gained 5% after its competitor Chevron (CVX) said early Tuesday a fire that struck its large refinery in Richmond, Calif., was contained, but not yet extinguished.

The fire hit the sole crude unit at the 245,000 barrel per day plant, which accounts for one-eighth of California state's refining capacity, according to Reuters. Chevron shares finished up 0.6%.


-- Written by Andrea Tse in New York.



>To contact the writer of this article, click here: Andrea Tse.

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DOW 17,098.45 +18.88 0.11%
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