AK Steel is upgraded to 'buy,' and Dendreon is initiated with a 'buy.'
Goldman Sachs is both upgraded and downgraded, and Manchester United is initiated at 2 firms with a 'buy.'
Dow sheds 125 points to below 13,000. Weak economic data out of Japan, South Korea and Europe put the focus back on international issues. US retailers report generally better-than-expected sales, while jobless claims remain flat.
Maybe it's time to think about better compensation for the regulators who oversee the financial institutions.
The soccer club raised $233 million in its IPO, which will help pay down part of its crushing debt load.
Shares of European financial institutions see a major boost in their prices with most of them recording gains of at least 5%.
A survey reveals that nearly 25% of people believe unethical or illegal conduct is required in order to get ahead in the banking world.
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