Retail Sales Rise Less Than Expected, Markets Open Lower

December retail sales rose by a less than expected 0.6% to weigh the markets down to a lower open with the Dow slipping 5 points to 11,726. Nasdaq eased a point to 2733.

On the upside

RBC Capital Markets upgraded Corinthian Colleges (Nasdaq: COCO) to an Outperform rating.

Wedbush Securities analyst Liana Moussatos said yesterday that Biodel's (Nasdaq: TTMI) fast acting insulin product Linjeta is a potential blockbuster.

Majesco Entertainment (Nasdaq: COOL) launched the free game Cooking Mama Friends' Cafe for Facebook yesterday.

On the downside

Coinstar (Nasdaq: CSTR) blamed a twenty-eight day release delay on certain film titles at its Redbox movie rental kiosks for lowering its fourth quarter guidance.

Local.com (Nasdaq: LOCM) priced its offering of 4 million common shares at $4.25 per share.

Stifel Nicolaus downgraded JA Solar (Nasdaq: DELL) to a Sell rating saying that falling solar prices will negatively impact earnings.

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