FedEx is downgraded to 'underperform,' and UPS is upgraded to 'outperform.'
Bristol-Myers is downgraded to 'neutral,' and Gap is initiated with an 'underperform.'
Sony is upgraded to 'buy,' and JoS. A. Bank is downgraded to 'equal weight.'
Netflix is both upgraded and downgraded, and SanDisk is upgraded to 'buy.'
Stocks are mixed as news of surging US housing starts partially offsets disappointing earnings from 2 of tech's biggest names.
Construction of new homes climbed 15% in September. Big earnings are from IBM, BAC and PEP.
GlaxoSmithKline is downgraded to 'underperform,' while AstraZeneca is upgraded to 'neutral.'
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The central bank leaves its policy unchanged. That means loans to businesses and on mortgages and autos will be cheap. Stocks pull back.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.