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Bank of America (NYSE:BAC): Tim Rocks, a Bank of America Merill Lynch managing director and equity strategist out of Sydney, is moving to Nomura (NYSE:NMR) as managing director, according to the Wall Street Journal. Rocks’ position will be filled at BofA Merrill by Joshua Kirkwood. Shares of the bank are trading higher by 0.70 percent today.
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Apple Inc.‘s (NASDAQ:AAPL) next iPhone, currently being made by component manufacturers in Asia, will utilize a new technology that allows for a thinner screen, according to sources, as the company betters technological features in the face of enhanced competition from Samsung Electronics (SSNLF) and others, the Wall Street Journal writes. Shares of Apple are trading higher by 0.18 percent today.
Facebook, Inc. (NASDAQ:FB) users were asked last weekend by Citigroup (NYSE:C) whether Web surfers would want to use the social networking site for banking, according to Bloomberg. Shares of Facebook are trading 3.24 percent lower today.
AT&T, Inc. (NYSE:T): According to Wells Fargo, Dish’s stock is now at an appealing entry point due to the firm’s opinion that a number of bear theories about Dish are wrong. Wells Fargo does not see proof that Dish Chairman Charlie Ergan will construct wireless spectrum solo, and thinks that AT&T might acquire Dish’s spectrum. Wells Fargo is sticking to an Outperform rating on the stock. Shares of AT&T are trading higher by 0.96 percent today.
Nokia Corporation (NYSE:NOK) has sunk to new lows following being downgraded to Underperform by Jeffries, which cited Microsoft’s work on hardware development (despite no immediate smartphone plans), the inability to get presen t Lumia phones to Windows Phone 8, the stressing of competitive hardware by carriers, and expectations of more losses. Alcatel-Lucent’s cautioning most likely isn’t a help either. Nokia shares are trading 4.72 percent lower today.
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