Apple Faces Additional Patent Suit and 4 Hot Stocks to Watch
Bank of America (NYSE” target=_blank>NYSE:BAC): In the last trading session, Bank of America Corporation shares saw a 2.00 percent decline to close at $11.29. At the latest close, the price had seen a rise of 117 percent versus the 52-week low, and was 2 percent lower than the 52-week high. Bank of America traded 244.83 million shares in the last trading session, which was far higher than its daily average of 158.41 million shares.
Apple Inc. (NASDAQ” target=_blank>NASDAQ:AAPL): Samsung (SSNLF) filed a lawsuit against Apple claiming infringement upon an active patent in its implementation of the iOS notification center, reports Apple Insider, according to Korean news site iNews24. This notification center will enable quick access to email, push notifications, messages, along with additional assets from a pull-down screen.
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Facebook, Inc. (NASDAQ” target=_blank>NASDAQ:FB), Zynga (NASDAQ” target=_blank>NASDAQ:ZNGA) and Groupon (NASDAQ” target=_blank>NASDAQ:GRPN) showed what they could, or couldn’t, do during their first year on the stock market, has caused the hype concerning social, local, and mobile subsided. Many of the still-private Web startups will now face the downside of the cycle, according to the Wall Street Journal.
AT&T, Inc. (NYSE” target=_blank>NYSE:T): The FCC approved AT&T’s pending acquisition of NextWave Wireless along with additional pending WCS spectrum acquisitions. Preciously, FCC approved a joint proposal from AT&T and Sirius XM allowing the deployment of mobile broadband service in the WCS band.
Nokia Corporation (NYSE” target=_blank>NYSE:NOK) signed an agreement with a value of 2 billion yuan ($321 million) with Chinese e-commerce giant 360buy as a part of its strategic partnership, under which Nokia is to sell its smartphones directly on the latter’s online platform. The partnership is expected to make 360buy Nokia’s most prominent e-commerce partner in China, according to the Chinese company’s statements in a press statement that was released last Friday.
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