Global Markets Update: U.S. Markets Down on Downgrade Concerns in Europe

11:40 AM ET Fri, 13 Jan 2012

The U.S. markets are off the lows of the day, but still down on European downgrade concerns. Jamie Dimon blames regulatory activities for hampering bank's business. Jefferies raises Safeway from hold to buy. And Gizmodo says Microsoft's Bing is better than Google, with CNBC's Mandy Drury.