BofA Names Strategy Exec and 4 Heavily Traded Shares Rounding Out the Week
Bank of America Corp (NYSE:BAC): According to The Wall Street Journal’s blog, Deal Book, Anne Walker has been named strategy executive at Bank of America, replacing Thong Nguyen, who has taken a retail banking post inside the bank.
Don’t Miss: Bank of America Puts This Scary Plan in Action.
Sprint Nextel Corporation (NYSE:S): According to The Wall Street Journal, the arrival of Apple’s (NASDAQ:AAPL) iPhone 5, which touts LTE capability, may cause more consumers to use the networks and for the first time, will test their ability to handle heavy traffic. Verizon Wireless (VZ, VOD), AT&T (NYSE:T) and Sprint Nextel Corporation (NYSE:S) have spent billions of dollars rolling out new networks that promise very fast speeds for mobile web browsing. However, while they have heavily marketed the technology, many of the networks aren’t close to completion.
Microsoft Corporation (NASDAQ:MSFT): According to the Wall Street Journal, as Congress prepares to debate about an overhaul of United States business taxes next year, a Senate subcommittee investigating how multinational companies exploit the intricate U.S. corporate tax code, said that Microsoft (NASDAQ:MSFT) and Hewlett-Packard (NYSE:HPQ) used accounting strategies to hold down their U.S. tax bills, while moving profits in and out of the country. Much of that appears to comply with the letter concerning current tax regulations, though Senate investigators regard some of the practices used by HP as potentially abusive and subject to challenge. Both companies said their strategies are legal.
Oracle Corporation (NASDAQ:ORCL): According to The Inquirer, a researcher has discovered a security flaw that enables hackers to obtain passwords from an old version of Oracle Corporation’s database software.
Nokia Corporation (NYSE:NOK): To illustrate their leadership, Nokia offered a comparison between the mapping services available in their Lumia 920 and those on the Galaxy S3 and iPhone5. As one might expect, Nokia claimed to have the upper hand in most, if not all, of the categories. Chief among their findings is that they offer turn-by-turn navigation in 110 countries, compared to the iPhone’s 56. Nokia’s offering also works offline, while those in the other devices do not.
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