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Wednesday
Feb152012

A Red Finish

Wednesday’s session ended in the red zone. Stocks dipped amid news that Greece's creditors are delaying the country's bailout. On another note, Teva Pharmaceutical posted quarterly data. Fourth-quarter net income climbed 23% to $1.4 billion, or $1.59 a share, up from $1.1 billion and $1.25, a year ago. In merger action, Kellogg plans to purchase the Pringles brand from Procter & Gamble in a $2.7 billion deal. Elsewhere, crude oil added $1.06 to settle at $101.80 a barrel. Looking ahead, housing start data and earnings results from General Motors will be released tomorrow.

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