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Bank of America (NYSE:BAC): The New York State attorney general and the state of Connecticut have started investigating the bank’s alleged manipulation of the Libor benchmark international lending rates by global banks, initiated six months ago, according to Reuters. The bank’s June net charge-offs are 5.04 percent compared to last month’s 5.52 percent, and it reports June card delinquencies at 3.23 percent compared to last month’s 3.32 percent. Shares of Bank of America are trading 0.19% higher today.
Investing Insights: Citigroup Earnings: Investors IGNORE Declines and APPLAUD Profitable Beat.
Apple Inc.’s (NASDAQ:AAPL) Siri voice-activated digital assistant is unavailable at times and has some trouble correctly understanding or answering questions, writes a New York Times columnist. He adds that many who were interviewed have stopped service use, and he also states that tests by Piper Jaffray and Gene Munster reveal that Siri understands 83 percent of questions on a busy street, wile offering correct answers only 62 percent of the time. Shares of Apple Inc. are trading 0.42% higher today.
Facebook, Inc. (NASDAQ:FB): After the Salesforce.com (NYSE:CRM), Oracle (NASDAQ:ORCL) and Synapse acquisitions, consolidation continues within the social media campaign management sector. Rumor have sprouted suggesting that Google (NASDAQ:GOOG), IBM (NYSE:IBM) and SAP (NYSE:SAP) have all either pursued or rejected possible deals within the sector, according to Business Insider. An acquisition within the sector by Google could possibly provide insight into the workings of Facebook as well as dulling Facebook’s “competitive aggression”. Shares of Facebook, Inc. are trading 3.29% lower today.
AT&T, Inc. (NYSE:T): The Wall Street Journal reports that MobiTV, who names AT&T and Verizon (NYSE:VZ) as customers, withdrew IPO plans because of unfavorable market conditions. Shares of AT&T, Inc. are trading 0.11% higher today.
Nokia Corporation (NYSE:NOK): Following the announcement of the launch of the newest line of educational mobile apps intended for children which run Microsoft’s (NASDAQ:MSFT) Windows Phone operating system via its Nokia partnership, Genius Brands International (GNUS) has begun to leverage its brand name recognition, intellectual property, and core skills in order to create top selling “edutainment” content into the expanding, multi-billion dollar mobile app market for children. Through its Microsoft and Nokia agreements, Genius brands intends to launch two new Baby Genius apps intended for preschool aged children before the end of summer, Rexi the Dinosaur and Bubbles the Bear. These are the first two apps being developed for the preschool and kindergarten age group, and this new line is called the Genius Brands’ Ready, Play, Learn line. The next apps for the series are expected to launch during Q4 of 2012. Shares of Nokia Corporation are trading 0.27% lower today.
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