A Pennsylvania mall that was foreclosed on after its owners failed to repay $143 million has been auctioned off for $100. Wells Fargo Bank was owed the money from a 2006 loan and submitted the winning bid for the 1.1 million-square-foot Galleria at Pittsburgh Mills on Wednesday.
Shares of Pfizer (PFE) continue to struggle after testing heavy resistance just below $34. In November, the stock left behind an ugly post-election spike high just shy of this level. This month the same key zone, which includes Pfizer's 200-day moving average, has proven to be a major roadblock. After leaving behind back-to-back weekly highs near this month's top, Pfizer faces rising overhead pressure. With Tuesday's nearly 2% drop, Pfizer stock is now off by more than 5% from the January peak and is now well below last week's low. This steep pullback may soon need a rest, but further downside is likely. For patient investors, continued downside will create a very low-risk entry opportunity.
In recent months, large numbers of American Airlines flight attendants have mysteriously fallen ill with symptoms ranging from throat and eye irritation to headaches and vertigo. In total, 70,000 employees, including gate agents and ground staff, have received the uniforms.