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Facebook Inc (NASDAQ:FB) Chief Executive Officer Mark Zuckerberg operates the world’s largest social-networking service, and he now faces investor concerns regarding how it can gain more revenue from its increasing user base. That, added with the end of the first lock-up, pushed the shares to half the offering price of $38, losing almost $46 billion in market value.
Don’t Miss: How Much Further Does Facebook Have to FALL?
Bank of America Corp (NYSE:BAC): Over a year into a plan that may shutter hundreds of branches across the country, Bank of America has decided to eliminate more locations than any of its peers, from affluent big-city neighborhoods to rural areas. Almost a third of last year’s closures occurred in low- to moderate-income communities. Although that is almost in line with the percentage of such branches in the bank’s overall network. It concerns some banking experts and consumer advocates, who claim that eliminating bank branches has shown a disproportionate effect on the poor and their neighborhoods, which removes important community anchors and increases the cost of banking.
Sirius XM Radio Inc (NASDAQ:SIRI): A new research report was issued immediately after Sirius XM Radio’s Q2 earnings results and conference call. RBC Capital Markets Global Media Analyst David Bank keeps his previous Sector Perform/Speculative Risk rating and his $2.00 price target on the stock
Sprint Nextel Corporation (NYSE:S) has witnessed a quick rise in its stock price over the calendar year, moving from under $2.50 a share in January to closing Friday at $5.19.
Lowe’s Companies, Inc. (NYSE:LOW) sees its FY12 revenue growth fall flat. The company’s total sales on a 52 versus 52 week basis are predicted to rise 1 percent, consensus $50.57 billion.
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