Posted by Casey in Ky on March 10, 2011 at 12:22:40 from (139.76.64.66):
Saudi unrest report knocks stocks lower
News that Saudi police fired on protests sends the Dow more than 200 points. Stocks fell to new lows this afternoon on an Associated Press report that police in Saudi Arabia had fired on protesters Qatif, a city on the east coast near Bahrain. There were reports of some injuries.
Within seconds of the report, the Dow Jones Industrial Average ($INDU) saw a decline of some 160 points grow to as many as 239 points before stabilizing.
Crude oil in New York, which had dropped below $102, rallied back to $103.38 a barrel. That's still down $1 on the day.
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Today's Featured Article - History of the Cockshutt Tractor - by Danny Bowes (Dsl). The son of a very successful Toronto and Brantford, Ontario merchant, and himself quite an entreprenuer, James G. Cockshutt opened a business called the Brantford Plow Works in 1877. In 1882, the business was incorporated to become the Cockshutt Plow Company. Along with quality built equipment, expedious demand and expansion made Cockshutt Plow Works the leader in the tillage tools sector of the farm equipment industry by the 1920's.
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