Friday, February 8, 2008

U.S. stock futures point to opening losses - MarketWatch

U.S. stock futures point to opening losses - MarketWatch

The dollar was little moved against rivals, and yields on 10-year Treasury bonds fell to 3.7%.
Oil futures added 61 cents to $88.72 a barrel and gold futures rose nearly $6 an ounce.
Of companies in focus, bond insurer MBIA (MBI:
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traded nearly 11% lower, as the company boosted the size of a share offering to $1 billion from $750 million.
McAfee (MFE:
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may rise after the software maker's 63% profit fall wasn't as steep as analysts had feared.
Alcatel-Lucent (ALU:
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rose 1.7% in Paris trading. The telecom equipment maker posted higher fourth-quarter revenue than forecast, though it warned of a first-quarter operating loss and halted its dividend.
Coca-Cola (KO:
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was upgraded to outperform from peer perform at Bear Stearns, with the broker citing the good results at PepsiCo (PEP:
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and other global consumer companies.
An explosion and a fire at an Imperial Sugar (IPSU:
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refinery has left dozens of people injured, with six workers still missing, according to news service reports.
Overseas, the Nikkei 225 ended 1.4% lower, hurt by disappointing machinery orders data. But most European stocks rebounded, with the DAX 30 up 0.2% in Frankfurt. End of Story


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