Disney (DIS.US) and its subsidiary American Broadcasting Company have sued the U.S. Federal Communications Commission, seeking a court order to terminate the early license renewal process.

The main Nymex US crude oil futures contract has just surpassed the $85.00 per barrel mark, now quoted at $85.01 per barrel, up 1.52% on the day.

Shares of UGI, a U.S. energy distribution company, rose 11.3% after KKR Group proposed a $9 billion acquisition offer.

US Stocks Movement | The non-ferrous metals sector generally declined, with Century Aluminum (CENX.US) falling over 5%

Sources say KKR has made an offer to acquire Pennsylvania-based UGI, a US energy distribution company, at $42.50 per share.