Apple Manufacturing Shift to Benefit Education and 4 Hot Stocks Sparking Chatter
Ford Motor Co. (NYSE:F): Consumer Reports stated that Ford’s Fusion and C-Max hybrids didn’t reach the company’s miles per gallon claims in tests, and the company responded by claiming that some early customers report fuel economy exceeding 47 mpg and “that driving styles, driving conditions, and other factors can cause mileage to vary,” according to The Los Angeles Times. The report also stated that consumer complaints to the EPA prompted tests of Hyundai and Kia vehicles, followed by the agency finding the South Korean automakers guilty of overstating the fuel economy on over a third of recently sold vehicles.
Bank of America Corporation (NYSE:BAC) is scheduled to post its financial results for Q4 of 2012 on Thursday, January 17, 2013. Bank of America shares dropped by 0.05 percent to $10.45, and it reached a new 52-week high of $10.58 on over 176.17 million shares versus its average volume of 154.41 million shares.
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Apple Inc. (NASDAQ:AAPL) has intentions to shift the production of one of its Mac computers from China to the United States in 2013, which is a move possibly quieting criticism of labor practices at its contract manufacturers in China, pleasing customers who have vocalized their preference for American-made products, and hearten business leaders who have decried the decline in American industry. “We’ve been working for years on doing more and more in the United States,” stated Apple CEO Tim Cook to NBC’s Brian Williams in a TV interview. “Next year, we will do one of our existing Mac lines in the United States…Over time there are skills associated with manufacturing that have left the U.S.,” he claimed, also saying that the education system in the U.S. stopped producing workers with the necessary manufacturing skills and suggesting that Apple’s move could potentially assist in reviving manufacturing education programs.
Facebook, Inc. (NASDAQ:FB) has claimed that it reached 13 million local Pages now, which has risen from the 12.8 million last reported during October’s earnings call, and 300,000 of those promoted over 2.5 million posts. These promoted posts are those that Pages pay for to ensure that they reach more of their Facebook fans.
AT&T, Inc. (NYSE:T): Cambridge’s Akamai Technologies Inc. has partnered with AT&T Inc. to start delivering Web content for the telecommunications giant. This agreement ends an extended rivalry between Akamai and AT&T in the lucrative business of content delivery network services, enabling users to send video and other information via the Internet. Additionally, it presents Akamai access to a vast new customer base, and the deal’s news assisted in pushing Akamai stock up 10 percent, or $3.56, on Thursday, closing at $39.06. The agreement’s financial terms have not been revealed.