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Bank of America Corporation (NYSE:BAC) is making progress as after years of occasional profitable quarters, it has now been profitable in the last four consecutive quarters. Earnings had been swamped by bad mortgage loans, but it’s now digging itself out of its bad debt situation. The company’s bad loan write-off was down to $1.77 billion in the second quarter of this year, but had been at $3.25 billion in the second quarter of 2011
Nokia Corporation (NYSE:NOK) has expanded its Life Tools selection with Life+, which represents a web-based addition to its advice-and-information-dispensing SMS service and mirrors the current magnitude of basic data services. Nokia Life employs SMS to supply information in a wide variety of languages to China, Indonesia, and India. Life+ will be available in those three countries solely, only in English, and with a mix of advice and trivia as opposed to practical facts and figures.
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Microsoft Corporation (NASDAQ:MSFT) upcoming Windows 8 rumors could be responsible for notebook makers being conservative about its prospects, according to industry sources and data from DisplaySearch, as reported by DigiTimes. Prices for the 13-inch notebook panel fell by around 50 cents in September, while 14- and 15-inch panel prices dropped about $1.
Sirius XM Radio Inc. (NASDAQ:SIRI) trades for $2.50 on Wednesday, which approximates a $9.8 billion market capitalization. Liberty Media currently owns a bit under 50 percent of Sirius, after preferred stock and purchasing shares are converted on the open market. John Malone and Company’s original $530 million Sirius stake is now worth some $4 billion.
Intel Corporation’s (NASDAQ:INTC) recent developer forum prompted Alex Gauna at JMP Securities LLC to write in a note on September 13th regarding versions of Window 8, that “We are concerned at the level of bugs and fine tuning that appears necessary to get the beta systems we deemed ready for prime time, ready.”
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