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Bluefield Daily Telegraph in Bluefield, West Virginia

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Mar 10, 2012

Page

6

Light sweet crude settles at 107.42 a barrel

Market report notes light, sweet crude closes at 107.42 dollars per barrel as traders weigh supply data and global demand signals. The price move reflects ongoing volatility in the energy sector.

Stocks rise on February jobs data and Greece woes

U S stocks finished fractionally higher after a strong jobs report raised hopes of a continued recovery while a Greece debt swap triggered CDS payouts. The Dow rose 14.08 to 12922.02, the S&P 500 gained 4.96 to 1370.87, and the Nasdaq added 17.92 to 2988.34 as traders weighed bank losses from Greece against improving hiring across sectors. Industry movers included Green Mountain plunging 16 percent after Starbucks said it will sell single cup machines, while Smith & Wesson leapt 23 percent on stronger quarterly results and guidance.

Nenyra Sted Ed Dow Jones Industrials AK Steel O Close At&t Inc AbtLab AMD AlcatelLuc Alcoa Alphanas Altria Amintium Anadarko CVS Care Carnival Russell Caterpillar Cemex ChesEng Chimera Citigro Rs Nyse Amex Naspaaq CocaCola ConocPhil Horton Tasmany OxFnBult Rs Molycarp GSES QuestSft iDagoNwEn RareBlog SmithWes Dirscbear Owenscatb Questam G Aastrom DirFnBear Mol ContMatis DehaierMol Ical Ye Pia DocuSec Hastings Oxscbull iEmer Bio ThaiCap Hurco Disney Bamnwell DuPont XuedaEd Zettiguesa Bio Ichimywnd Dynegy CusTom Ihomeownc EMC Cp ElPasoCp UAOB OSERS Exelon Exxon Heckmann AdcareHit Dekath Fordm GreenHatt GenElec Quiksitor Ntsity FstSecuris ZuoanFash Sced Ptd Imris G Genworth Bip Gcrb RiadiantLog ChiCache Gerdau HartldFn BkofAm Sinusxm Sprintex CheniereEn PwShs Microsoft Hewlett Oracle Rentech Intel HostHous ArmourFish Cisco NwGold G Micront Huntsmn Citigross AvatRare NovaGid G GreenMic iShGold Pfizer GenEtec Antaresp Dell Inc iShBraz GoldStrg Clearwire iShGer iShJapn ShSilver ShChina Shemkts Isease Jpmorgcht Johnda JrorNtwk OKB Keycorp Alma NY JohnJn NY Kinross G AEP NY Kroger NY Kodiako G Bb&t Cp NY Lowes NY BakrHu NY Kraft Marathno S NY LSI Corp Ba NY Microsoft Nash Lvsands Chevron NY Mylan Nasd Coca Cola NY Lennara Comespel Nasd NatlBaksh Nasd Lowes Con NY NorikSo NY ConsolEngy NY Oracle Nasd MGM Disney NY Penney NY Mitvgold ComReses NY PepsiCo NY Masco DuPont NY Pfizer NY Duke Engy NY McOnids eBay Nas PhilipMor NY MedcoHtth Fcmtybsh Nasd Merck Fordm NY SearsHidgs Molycorp FrontierCm Nasd NokiaCo IBM NY WalMart NY Pandoran Patriot Coal Penney Petrobras Australia Britain Prushs&p Canada Proussilv Mexico PulteGrp Switzerand U.S Others Renrenn RiteAid RyiCarb SpdrGold Vanguard Capiicbua m Incamera m MA SprintNex SP Matis Vanguard TotStradm InvCoAmAm CpWidGrlAm SPDA Frei Dodge & Cox int'Stk SP Inds American Funds WA Mutinya A Dodge SP Tech Vanguard Instp Frank Temp-Franklin McA Baia m MA FinnwAm LB Vanguard WellinAdm Us Ussteel EurPacGrAm FB Valesa Pimco TotRetAdm Waigm Weathtinti Preferrad Wells Fargo Yamanag Greece Standard & Poor International Swaps and Derivatives Association John Conally LPL Financial Corp Canally Dow France Germany Commerce Department Europe Green Mountain Coffee Roasters Inc Starbucks Corp Green Mountain Starbucks Texas Instruments Smith & Wesson Holding Corp

Greece inks largest debt swap in history for second bailout

Athens clinches private creditors agreement to take about 105 billion euros in losses, sealing 83.5 percent participation and enabling a 130 billion euro rescue from the eurozone and IMF. PM Papandreou calls it historic as Greece nears markets revival and euro stability.

Athens Greece Europe Lucas Papdemos International Monetary Fund Charles Dallara Institute of International Finance Dallara Mega Television Jacob Funk Kirkegaard Peterson Institute For International Economics Spain Portugal Ireland Italy Panayiotis Theodoropoulos

Greece bailout OK sparks market selloff and outlook

The ISDA ruled a Restructuring Credit Event occurred signaling CDS payouts to Greece, with total two billion in potential payments. Fitch downgraded Greece to restricted default as the bond swap nears completion while euro zone ministers authorized up to 35.5 billion euros in bailout funds.

Ance International Swaps and Derivatives Association European Central Bank ISDA Greece Fitch Ratings Fitch Moody’s Standard & Poor’s Eurozone IMF Nicolas Sarkozy Evangelos Venizelos

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