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Bank of America (NYSE:BAC): According to CNBC, Bank of America will probably sell its overseas wealth management unit to Julius Baer for a total of $1.5-2B. Shares of Bank of America are trading 1.01% lower today.
Apple Inc. (NASDAQ:AAPL): Last night, Apple insider cited multiple sources in reporting the U.S. Apple Stores plan “all-hands-on-deck” meetings either around or on the day of June 24. The report adds that at lease one of the sources speculates that these meetings may be held as a way to introduce retail staff to the new head of retail John Browett. Shares of Apple Inc. are trading 1.87% higher today.
Facebook, Inc. (NASDAQ:FB): The Wall Street Journal reports that Michael Grimes of Morgan Stanley tried to convince a senior Facebook executive to make him the “single driver” of Facebook’s IPO, claiming that if the deal soured, it would make it his “throat to choke.” Shares of Facebook, Inc. are trading 6.42% higher today.
AT&T, Inc. (NYSE:T) initiated with a Buy rating at Janco and a price target of $44 on the stock. Shares of AT&T, Inc. are trading 0.22% higher today.
Nokia Corporation (NYSE:NOK): According to sources and Nokia’s Facebook page, the company (NOK +1.2%) will release its PureView 808 phone, which boasts a 41MP camera, today in the U.S. The phone has already been launched overseas. Although the PureView 808 runs on Symbian which curbs consumer interest, Nokia promises to use the imaging technology of this phone to Windows Phone devices. Shares of Nokia Corporation are trading 2.02% higher today.
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