March 02, 2012 at 09:42 AM EST
Mixed Open As Gas Prices Rise

The markets opened mixed with the Dow easing 2 points to 12,977 while Nasdaq added 5 points to 2994 as gasoline prices continued to rise.

On the upside

Microsoft (Nasdaq: MSFT) selected Renren's (NYSE: RENN) Renren HD as the first social networking application for its Windows 8 store.

Shutterfly (Nasdaq: SFLY) offered approximately $23.8 million to acquire Kodak's online photo services site Kodak Gallery.

Sara Lee (NYSE: SLE) will distribute approximately $4.55 billion in stock to its shareholders after spinning off its Coffee & Tea unit.


On the downside


DCP Midstream Partners (NYSE: DPM) priced its public offering of 4.75 million common units at a discount of $47.42 per common unit.


A123 Systems (Nasdaq: AONE) warned of a significant fourth quarter loss after Fisker Automotive cut its battery orders.

EXCO Resources (NYSE: XCO) declared a quarterly dividend of 4 cents per share payable on March 30, 2012 to shareholders of record on March15, 2012.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 813.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here