Pandora's (P) IPO today started off with a flare. Shares were as high as $26.00 before falling. Fears of this being another bubble may come to fruition. Read more about it here, via The Financial Times.
GREEK PRIME MINISTER GEORGE PAPANDREOU TO RESIGN?
Greek Prime Minister George Papandreou has offered to resign amid growing unrest in Greece. Papandreou has to increase support for new austerity measures. Read more about it here, via The Los Angeles Times.
THOUSANDS PROTEST IN ATHENS
Thousands of protesters and strikers clash with police in Athens over new austerity measures and growing unrest in a general strike. Read more about it here, via BBC News.
UPGRADES/DOWNGRADES
- J.P. Morgan upgrades PETD to overweight from underweight with new price target of $47.50.
- Canaccord Genuity upgrades PETD to buy from hold with new $41 price target.
- UBS maintains "neutral" on AA with new lower $16.75 price target.
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