It was a light day of trading on Wall street as investors stayed on the sidelines over concerns over the World Bank slashing its growth estimates for East Asia.
UnitedHealth (NYSE:UNH) announced it would buy a 90 percent stake in the Brazilian health care provider Amil Participacoes as the company is looking to expand in Brazil. The deal is worth nearly $4.9 billion.
Facebook (NASDAQ:FB) was downgraded by BTIG to "sell" from "neutral" with a price target of $16.
Meanwhile the social networking giant is reportedly planning to cut its $3 billion credit line in half.
Morgan Stanley(NYSE:MS) upgraded Netflix (NASDAQ:NFLX) from equal weight to overweight with a price target of $85, as the firm believes that Amazon.com is not a direct threat to the company.
Tomorrow, we'll take a look at earnings from Alcoa (NYSE:AA) and Yum Brands (NYSE:YUM).
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