News Summary

The US dollar and Treasury prices dropped after US import prices increased 2.2% in April. Against the greenback, the euro gained to $1.4387 from $1.4349. The dollar index (DXY) dropped to 74.585, versus 74.710 in late North American trading on Monday. Yields on 10-year notes gained 1 basis point to 3.17%. Shares of Celanese Corp

gained bout 4.5% aafter the company raised its earnings forecast for 2013. The group now projects 2013 adjusted earnings of at least $6.00 per share, or operating EBITDA of at least $1.7 billion. However, analysts were estimating earnings of $5.63 per share for 2013. Shares of Dean Foods Co

gained about 12.5% after the company reported a 41% decline in its first-quarter profit on Tuesday. The company reported its Q1 profit at $25.3 million, or $0.14 per share, compared with $43.2 million, or $0.24 per share, in the year-earlier period. The company's net sales increased 3% to $3.05 billion. However, analysts were expecting earnings of $0.06 per share on revenue of $3.07 billion. The company lifted its current-year earnings guidance to $0.67 to $0.75 per share from its previous forecast of $0.55 to $0.65 per share. The company projects its current quarter earnings of $0.15 to $0.20 per share, versus analysts' estimates of $0.13 per share. Read more