Digicel slightly recovers after bad earnings; Retail and oil in focus; Dean Foods drops

By James McCandless

San Antonio, March 4 – The distressed market opened a new week focusing on last week’s newsmakers.

Digicel Group Ltd.’s notes gained slightly after taking a dive last week as a result of a negative earnings report.

Elsewhere in telecom, Intelsat SA’s issues slipped.

In retail, Neiman Marcus Group, Inc.’s paper was lower following a ratings downgrade.

Sector peer L Brands, Inc.’s notes declined while PetSmart Inc.’s issues closed mixed.

Rising oil futures coincided with a rise for Alta Mesa Resources, Inc.’s paper while California Resources Corp.’s and Ensco plc’s notes went negative.

Dean Foods Co.’s issues continued a precipitous drop.

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