Wednesday, July 14, 2010

U.S. stocks meander amid mixed signals

Date: Wed, Jul 14, 2010 at 12:00 PM

U.S. STOCKS MEANDER AMID MIXED SIGNALS
U.S. stocks slide in early trading Wednesday as investors weigh a bigger-than-expected drop in retail sales against a recent influx of encouraging corporate earnings that gave a boost to tech stocks.

BP WAITING AND HOPING ON CAPPING GULF GUSHER
BP PLC is taking a go-slow approach in how it's conducting a pressure integrity test of the Macondo well that has been spilling oil into the Gulf of Mexico for nearly three months.

CRUCIAL TEST ON BP'S GULF WELL REMAINS IN LIMBO
BP remains in a holding pattern on a crucial pressure test of a new containment system over its leaking oil well in the Gulf of Mexico while pursuing other options to capture the gushing crude.

BP SHARES CAUGHT IN THE VORTEX
BP shares have morphed into short-term plays, and this didn't happen just because of one broken well.

FTSE 100 INDEX DECLINES, ICAP SHARES PRESSURED
British shares edged lower on Wednesday, after six sessions of gains, with Icap shares under pressure after the firm said that trading slowed in June.

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