Wall Street set to move higher

By msnbc.com news services

Stocks are set to climb Tuesday.

European stocks are up 0.2 percent in morning trade, lifted by expectation that this week's liquidity injection by the European Central Bank will alleviate tensions in the banking sector.

Brent crude futures extended losses and slipped below $124 on Tuesday, halting a surge that threatened to hurt the global economy, though concerns over supply from the Middle East capped losses.

Federal Reserve Governor Elizabeth Duke, in testimony prepared for a congressional hearing on Tuesday, laid out the central bank's case for more action to bolster the U.S. housing market, saying it was a "significant drag" on economic recovery.

PostNL, the largest shareholder in Dutch express mail delivery company TNT Express , will not sell its shares in the "current circumstances", a spokesman said on Tuesday. United Parcel Service Inc earlier this month offered 9 Euros a share, valuing TNT Express at 4.9 billion Euros ($6.56 billion).

General Motors is in advanced talks to buy a small stake in French automaker PSA Peugeot Citroen as part of a proposed strategic alliance in Europe and elsewhere, sources familiar with the situation said on Monday.

McDonald's Corp , the world's biggest hamburger chain, said it planned to increase the number of franchised stores in China as it ramps up expansion in one of the world's fastest-growing consumer markets.

Online travel agency Priceline.com on Monday reported a stronger-than-expected fourth-quarter profit as the value of its bookings gained more than 50 percent from a year ago, sending its shares up more than 6 percent.

Bank of America Corp won a victory when a U.S. appeals court ruled that a proposed $8.5 billion settlement with investors in mortgage-backed securities should be reviewed in New York state court, not federal court.

Yahoo has demanded licensing fees from Facebook for use of its technology, the companies said on Monday, potentially engulfing social media in the patent battles and lawsuits raging across much of the tech sector.

The benchmark S&P 500 closed at its highest level since mid-2008 on Monday, extending gains for a third session.

Reuters contributed to this report.

Source: http://bottomline.msnbc.msn.com/_news/2012/02/28/10527447-wall-street-set-to-move-higher

the green mile the green mile james whitey bulger coptic church amerigo vespucci julio jones steve bartman