Instead of using peaches, you can make this recipe using white nectarines, if you wish.

Ingredients
1-1/2  cups white Zinfandel, rose wine, or cranberry-apple drink
1  2-inch piece stick cinnamon
3  medium peaches, halved and pitted
1/2  cup fresh sweet cherries, pitted
1/3  of a 6-ounce package (2 ounces)  white baking bar
1/2  teaspoon shortening

Directions
1. In a 10-inch skillet bring wine or cranberry-apple drink and cinnamon just to boiling. Add peach halves and cherries; cover and simmer about 10 minutes or until peaches are just tender. Remove peach halves and cherries with a slotted spoon to a shallow serving dish. Cook remaining wine mixture, uncovered, over medium heat about 10 minutes or until reduced to 1/2 cup. Remove and discard cinnamon. Spoon liquid mixture over peaches and cherries. 

2. In a small, microwave-safe bowl melt baking bar and shortening in a microwave oven set on 100 percent power for 1 to 1-1/2 minutes, stirring once. Let mixture cool slightly. 

3. Using a spoon, transfer mixture to a sealable plastic bag. Snip a 1/4-inch corner off the bag; squeezing gently, drizzle melted baking bar in threads over the poached peaches and cherries. Makes 6 servings.  

Source:  Better Homes & gardens