On the upside
Technology Business Research ranked Dell (Nasdaq: DELL) number one in customer satisfaction for the first quarter of 2009 for all categories.
Auriga U.S.A. upgraded Sprint Nextel (NYSE: S).
On the downside
Avondale Partners downgraded Republic Airways (Nasdaq: RJET).
Sealy (NYSE: ZZ) announced that it raised approximately $173 million through the sale of senior secured notes.
While Yingli Green Energy (NYSE: YGE) paid off debt early and secured two credit facilities, the solar cell maker also issued approximately $29.4 million in senior convertible notes.
Bloomberg.com reported that Bank of America's (NYSE: BAC) bad loans will increase 10% in the second quarter to approximately $7.6 billion.
In the broad market, declining issues outpaced advancers by a margin of 5 to 2 on the NYSE and by nearly the same on Nasdaq. The Russell 2000 which tracks small cap stocks fell 7 points to 489.
