Following are the day’s biggest winners and losers. Find out why shares of Alpha Natural Resources and Wyndham Worldwide popped while Avis and Cephalon dropped. Read More
Banco Santander Brazil priced its IPO this morning in the middle of the range, raising $8.05 billion, in the biggest IPO on a U.S. exchange in 18 months. Read More
Priceline.com was up 14% yesterday after beating Q2 earnings estimates on strong sales and bookings and guiding above expectations for its current third quarter. The company noted that its results have been and continue to be helped by strong demand for leisure travel this summer, which has been spurred by lower prices via heavy discounting. Read More
Stocks briefly lost a little bit of steam as Fitch downgraded the state of California's long-term general obligation bond rating to "A-" from "A" and placed the bonds on Rating Watch negative "based on the magnitude of the state's financial and institutional challenges and persistent economic and revenue weakening." Read More
Following are the day’s biggest winners and losers. Find out why shares of Royal Caribbean and Yahoo! popped while Abercrombie & Fitch and Avis Budget dropped. Read More