Although small, the income will be a key component in the media company's future earnings.
Abercrombie is upgraded to 'overweight,' and American Eagle is downgraded to 'neutral.'
Stocks are lower after disappointing economic reports from the US and from China.
The Dow dips below 13,000 after a key manufacturing index declines. Ford, GM and Chrysler post sales gains. Europe is in focus ahead of an ECB meeting. Netflix sinks on an Amazon streaming deal.
Retail stocks are fluctuating on earnings reports and analyst calls.
For a number of reasons, customers are fleeing pay TV.
The company has turned its focus to improving its customer base and has tightened its customer credit standards.
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The offering could become the second-biggest this year if underwriters exercise an option to buy more shares.
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.