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Stocks End Mixed As Greek Deal Seems in Sight (UPS, GOOG)

By: , dated February 17th, 2012
With no real new information on the negotiations in Europe, major indices were quite mixed today. The Dow inched up close to 13,000, and the S&P 500 came quite close to its 2011 high, but the Nasdaq was down. In corporate news, United Parcel Service (UPS) had its $6.4 billion bid to buy TNT Express rejected, but the talks are ongoing. Meanwhile, Demand Media posted a $6.4 million loss in Q4, and every indication seems to be that Google’s (GOOG) algorithm tweaks from that time period, as Demand is massively dependent on search traffic for their revenue.

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