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Bank of America (NYSE:BAC): The Washington Post cites sources in reporting that over the past two years, banks have significantly raised overdraft fees on checking accounts. In 2009, the Fed forced banks to inform customers about overdraft fees, but the statements were not clear and customers were unable to follow them. Shares of Bank of America are trading .02% lower today.
Apple Inc. (NASDAQ:AAPL): According to The Next Web, founder Andrea Gozzi is being shut down. The Italian music startup has either already been or is in the process of being acquired by Google. Beginning June 12, customers of the software will stop receiving support. Also, in Australia, the Wall Street Journal reports that Apple may be penalized $1.9M after the company agreed that it possibly mislead customers about the latest iPad’s ability to connect to 4G Australian cellular networks. Shares of Apple Inc. are trading 0.70% higher today.
Featured Reading: WWDC 2012: Your Cheat Sheet to Apple’s Main Event
Facebook, Inc. (NASDAQ:FB): According to a blog by comScore (NASDAQ:SCOR), comScore is ”preparing to publish new findings about the effectiveness of paid and earned media exposure on Facebook next week at the ARF Audience Measurement 7.0 conference in New York, along with our release of a new white paper, The Power of Like 2: How Social Marketing Works. Through our research, which examines the impact on consumer behavior as a result of media exposure (i.e. seeing a brand message), we are gaining critical new insights that show Facebook earned media is having a statistically significant positive lift on people’s purchasing of a brand.” comScore continues by stating ”Unfortunately much of the recent discussion on Facebook effectiveness has gotten the story wrong.” Track Data reports Facebook has an overall option implied of 58 and an average of 60, indicating non-directional price movement. Shares of Facebook, Inc. are trading 2.43% higher today.
Nokia Corporation (NYSE:NOK): Nokia’s stocks rise as a result of an unconfirmed rumor that it may be a target for takeover for Samsung. Shares of Nokia Corporation are trading 4.42% higher today.
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