Stock Futures Rise Ahead of 'Fiscal Cliff' Deadline
Gold for February delivery was tacking on $6.60 to $1,662.50 an ounce at the Comex division of the New York Mercantile Exchange, while February crude oil contracts were dropping 44 cents to $90.36 a barrel.
The benchmark 10-year Treasury was down 6/32, boosting the yield to 1.720%. The dollar was up 0.15%, according to the U.S. dollar index.
In corporate news, Duff & Phelps (DUF) announced that it had agreed to a group of private-equity investors to purchase the company for $665.5 million in cash. Shares of the company were surging 19.9% in premarket trades.
Carlyle Group, Stone Point Capital LLC, Pictet & Cie and Edmond de Rothschild Group were all part of the purchasing deal.Tribune Co. said it would emerge from its bankruptcy on Monday. The media company, whichowns The Los Angeles Times and The Chicago Tribune, sought bankruptcy in 2008. Apple (AAPL) withdrew patents claims against Samsung's Galaxy S III Mini phone after the South Korean company announced it wouldn't offer to sell the gadget in the U.S., according to a Reuters report. Shares of Apple were rising 0.47% in premarket action. Shares of Bank of America (BAC) were adding 0.62% during Monday's premarket session. -- Written by Joe Deaux in New York. >Contact by Email. Follow @JoeDeaux
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