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Bank of America (NYSE:BAC): The E.U.’s European Commission suggested Wednesday making the manipulation of essential financial benchmarks a criminal crime, according to the Washington Post. At the same time, U.S. authorities are going after criminal cases against individuals who were allegedly involved in the Libor rigging affair, the paper added. Shares of Bank of America are trading higher by 0.42 percent this morning in pre-market trading.
Apple Inc. (NASDAQ:AAPL) is geared to delay the debut of its next iPhone due to 28 nm chips from Qualcomm (NASDAQ:QCOM) being in short supply, Want China Times writes on a Shanghai-based First Financial Daily report. Qualcomm will require until the end of 2012 to be able to take on the 28 nm chip undersupply problem, according to the report, based on word from a spokesman for the company. Apple shares are trading 0.06 percent higher today.
Facebook, Inc. (NASDAQ:FB) is collaborating with HTC Corp. to make its own smartphone for sale as early as mid-2013, Bloomberg reports. Facebook shares are trading 13.28 percent lower today.
AT&T, Inc. (NYSE:T) reported healthy Q2 2012 results on July 24, turning in a 2 percent year-over-year. Shares of the second largest wireless carrier in the U.S. are trading 0.06 percent higher today.
Nokia Corporation (NYSE:NOK): To reduce costs, Nokia called off a software project (code named Meltemi) that it had anticipated would compete with Google Android (NASDAQ:GOOG) phones, according to sources cited by Reuters. Nokia shares are trading 2.48 percent higher today.
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