Earnings
Teekay Tanker Cuts Dividend As Rates Tumble
Stock quotes in this article:TKN
Earnings in the oil-carrier sector have been predictably bad since the recession began. Last week, Teekay competitor Nordic American Tanker(NAT), for example, said its first-quarter earnings fell nearly 27%.
In afternoon trading Friday, Teekay shares were changing hands at $12.22, up 26 cents from the previous session, on more than double the daily average volume.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
Oil *
107.20
|
|
DOWN
74.92 |
DOWN
2.86 |
DOWN
1.85 |
DOWN
0.14 |
10 Yr
1.74%
SPDR Gold
152.68
|
|
-0.60%
|
-0.22%
|
-0.07%
|
-0.80%
|
Data delayed 20 minutes |
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