Local & Regional
1:00 pm
Thu May 12, 2011

Crude Bounce

Hear up date on gasoline prices: – NEW YORK (AP) Stocks are turning mixed in midday trading as oil and other commodities reversed earlier losses.

Crude oil wavered after a report from the International Energy Agency said demand for oil would be lower than previously expected.

Silver dropped more than 3 percent, extending a deep slide from $48.60 at the end of April.

Cisco Systems Inc. fell 5 percent Thursday, the largest drop among companies in the S&P 500 index. The maker of computer networking equipment reported an 18 percent slide in earnings and lowered its profit forecast. It also plans to cut jobs.