into that. In the timing, they may not have had control."
The SEC's only consideration, he said, was the financial implications and Massey provided those, along with updates on the status of the rescue efforts.
"One could criticize Massey for what it did or did not do in the past
favourite blog , but filing an 8-K (filing) is not a criticism that carries a lot of weight," said Levick.
Massey stock ended 1.3 percent higher at $46.72 on the New York Stock Exchange on Friday.
(Reporting by Steve James, editing by Matthew Lewis)
U.S.
* FTSEurofirst 300 index ends down 1.4 percent
* Miners hurt by concerns over China tightening
* Vestas Winds drops after posts operating loss
By Joanne Frearson
LONDON, May 4 - European shares hit a two-weekclosing low on Wednesday, hit by weak U.S. economic data
favourite blog ,concern over China's growth outlook and forecast-laggingearnings.
The pan-European FTSEurofirst 300 .FTEU3 index of topshares closed down 1.4 percent at 1,134.61 points
favourite blog , hovering nearits 50-day moving average after dipping just below it earlier inthe session.
A break below is seen as a negative signal for equities.
The Euro STOXX 50 volatility index .V2TX
favourite blog , Europe's maingauge of investors' discomfort, was up 5.1 percent after jumpingto its highest level since late March.
Volume was 123.3 percent of its 90-day average.
Sentiment worsened following comments from a Chineseofficial that Beijing might further tighten monetary policy tocurb inflation by raising banks' required reserves.[ID:nL3E7G403Y]
"European companies which have exposure to the emergingmarkets margins could slow, with the possibility of moretightening, but domestically Europe should still do well," saidDavid Hussey, head of European & EAFE Equities at Manulife AssetManagement, which has $180 billion in assets under management.
"In the short-term, I expect defensive stocks to outperformover the summer."
Mining stocks featured among the worst performers onconcerns tightening measures in top consumer China wouldconstrict demand, with the STOXX Europe 600 Basic Resourcesindex .SXPP down 2.9 percent.
Antofagasta (ANTO.L) dropped 9 percent after the Chileanminer said first-quarter copper production missed targets. Theminer also traded without the attraction of its interim dividendand a 100 cents special payout. [ID:nLDE7421HK]
The market extended losses in afternoon trade after U.S. ISMdata fell below forecasts and U.S. private employers added fewerjobs than expected in April, adding to investors' concerns aboutthe U.S economic recovery. [ID:nN04209762]
PORTUGAL BAILOUT
The bearish economic sentiment took a chunk out of mostlarge indexes, with the FTSE 100 .FTSE index down 1.6 percent,Germany's DAX .GDAXI down 1.7 percent and France's CAC 40.FCHI down 1.3 percent.
However
Cheap MLB Jerseys The trading slump has been most marked in banks' fixedincome, Portugal's PSI 20 .PSI20 bucked the trend andtraded higher for most of the session as the market digestednews of a 78 billion euro three-year bailout