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Bank of America (NYSE:BAC): Twelve global banks are publicly tied to the Libor scandal and could face up to $22 billion in combined regulatory penalties as well as damage to investors and counterparties, estimates Morgan Stanley, who admitted to being “crude.” This calculation does not include the possible fallout from continuing investigations by the U.S. and the EU cartel, which may possibly result in multibillion dollar fines. Shares of Bank of America are trading 4.48% higher today.
Apple Inc. (NASDAQ:AAPL): As of June, 51 percent of subscribers with smartphones owned devices running on Google’s (NASDAQ:GOOG) Android operating system, 34 percent owned Apple’s iPhone, and 9 percent owned RIM’s (NASDAQ:RIMM) Blackberry, reports 9to5Google citing Nielsen figures. Slightly over 10 percent of smartphone subscribers owned devices using Microsoft (NASDAQ:MSFT) operating systems. Shares of Apple Inc. are trading 1.19% higher today.
Facebook, Inc. (NASDAQ:FB): A BBC investigation indicates that companies are throwing away money on adverts allowing them to gain “likes” from members of Facebook who are not really interested in their product. It also seems that a number of account holders clicking on links lied about personal details. According to a security expert, some profiles seem to be “fakes” run by computer programs in order to spread spam. Facebook claims is has “not seen evidence of a significant problem.” Shares of Facebook, Inc. are trading 0.13% lower today.
AT&T, Inc. (NYSE:T) and Verizon Wireless Q2 profit margins are predicted to be boosted by lower iPhone activations within the second quarter. Shares of AT&T, Inc. are trading 1.06% higher today.
Nokia Corporation (NYSE:NOK) intends to close two Chinese regional sales offices as well as lay off an not yet revealed number of its staff as it reorganizes, the Wall Street Journal reports. These closures are the company’s sales offices located in Chengdu and Shanghai. Shares of Nokia Corporation are trading 2.13% lower today.
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