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Opening Glance: Electrical equipment stocks wobble



By AP
08 July 2008 @ 10:49 am EST

NEW YORK - Shares of electrical equipment companies started mixed as the broader market fluctuated on a drop in oil prices and remarks from Federal Reserve Chairman Ben Bernanke.

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Quotes
ITRI 97.11 0.77
TNB 42.65 -0.52
RBC 45.93 0.16
FLEX 8.3 -0.12

SYMBOL LOOKUP

Bernanke said in a speech Tuesday the Fed might extend lending to squeezed investment banks in an effort to stabilize the U.S. financial system.

Here's how some shares of electrical equipment makers are faring:

Itron Inc., down $2.36, or 2.5 percent, to $92.06.

Thomas & Betts Corp., down 30 cents to $34.82.

Regal Beloit Corp., down 17 cents to $40.67.

Flextronics International Ltd., up 8 cents to $9.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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