Soaring Oil Prices Weigh Down Markets
On the upside
State Grid Corporation of China selected China Information Security Technology (Nasdaq: CPBY) to be one of only two suppliers for China's Smart Grid.
Zanett (Nasdaq: ZANE) announced a record $17.1 million in signed contracts for the first quarter.
Roth Capital upgraded CardioNet (Nasdaq: BEAT).
On the downside
CA (Nasdaq: CA) announced restructuring plans that include the elimination of 1,000 positions and the closure of some facilities.
An explosion at one of Massey Energy's (NYSE: MEE) West Virginia coal mines killed 25 workers.
Teekay Tankers (NYSE: TK) priced its offering of 7.7 million common shares at a discounted price of $12.25 per share.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks eased a point to 695.
