Feb 11, 2013 (MarketNewsVideo.com via COMTEX) -- It was a light trading day on Wall Street as investors took a bit of a break after last week's rally.
In earnings news, Boardwalk Pipeline Partners (BWP) met profit expectations as the oil and gas company reported a 26 percent increase in fourth quarter earnings.
Shares of Google (GOOG) are trading lower today after executive chairman Eric Schmidt announced he will sell 3.2 million shares, which is roughly a 42 percent stake in the company.
On the M&A front, US Airways (LCC) and AMR (AMR), parent company American Airlines are reportedly close to announcing a merger that would create the nation's biggest airline. The deal is worth 11 billion dollars.
Tomorrow, we'll take a look at earnings from Barclay's (BCS) and Cola-Cola (KO).
The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201302DWrap021113&mv=1.
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As of Thursday, 02-07-2013 23:59, the latest Comtex SmarTrendA? Alert,
an automated pattern recognition system, indicated a DOWNTREND on
04-05-2012 for BCS @ $13.88.
As of Thursday, 02-07-2013 23:59, the latest Comtex SmarTrend Alert,
an automated pattern recognition system, indicated a DOWNTREND on
02-14-2012 for BWP @ $26.71.
As of Thursday, 02-07-2013 23:59, the latest Comtex SmarTrend Alert,
an automated pattern recognition system, indicated a DOWNTREND on
05-18-2012 for KO @ $74.38.
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