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Bank of America (NYSE:BAC) reported today that its Board of Directors authorized dividends on preferred stock. A quarterly cash dividend of $0.38775 per depositary share on the 6.204 percent Non-Cumulative Preferred Stock, Series D, can be payed on September 14, 2012 to shareholders of record as of August 31, 2012. Shares closed 0.12% higher today.
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Apple Inc. (NASDAQ:AAPL) is facing a new lawsuit from Chinese chemical company Jiangsu Xeubao that states it owns the rights to the Chinese language translation of “snow leopard,” The Next Web is reporting, citing M.I.C. Gadget. The trademark in question was filed by Jiangsu in the same year that Proview registered “iPad.” A hearing will be held July 10. Jiangsu is requesting a $80,645 settlement and “an apology.” Apple shares closed 1.16% higher today.
Facebook, Inc. (NASDAQ:FB): As the social networking site tries to get the most out of its profits, Facebook is aiming to purchase firms that work on its own platform, according to executive Amin Zoufonoun, who is focused notably on mobile. This strategy might be a motivation for some entrepreneurs but it also puts Facebook in the place of being a possible competitor to app developers. Shares of Facebook, Inc. closed 1.39% higher today.
Verizon (NYSE:VZ) filed a brief Monday in a suit against the FCC’s net neutrality regulations, The Hill reports. This brief states the FCC’s most recent net neutrality regulations go further than its past rules, which were struck down by a federal appeals court two years ago.
Nokia Corporation‘s (NYSE:NOK) new chairman says there is an alternative strategy in the wings in case Microsoft’s latest version of Windows Phone does not meet expectations, but he did not provide details. Shares of Nokia Corporation closed 0.47% lower today.
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