Facebook Quashes Arbitration Claim and 4 Hot Stocks Trading Mid-Week
AT&T, Inc. (NYSE:T) has intentions to invest $14 billion over the next three years as a means to significantly expand and enhance its wireless and wireline IP broadband networks in order to support its increasing customer demand for high-speed Internet access and new mobile, app, and cloud services. The investment plan, named Project Velocity IP, expands AT&T’s high-potential growth platforms, which assists in driving ongoing revenues increases from existing and new products and services, and EPS. AT&T hopes to expand its 4G LTE network until it covers roughly 300 million people in the United States by the end of 2014, which is a rise from its current plans to deploy 4G LTE to nearly 250 million people by the end of 2013. In AT&T’s 22-state wireline service area, the company believes that the 4G LTE network will have the ability to cover 99 percent of all customer locations. AT&T acquired spectrum through over 40 spectrum deals during the year, and it intends to purchase more wireless spectrum to support its 4G LTE network. As part of Project VIP, AT&T hopes to deploy small cell technology, macro cells, and add more distributed antenna systems to raise the density of its wireless network, which should improve network quality along with increasing spectrum efficiency.
WellPoint Inc. (NYSE:WLP) sees continued pressure on risk enrollment during 2013, and it predicts that there will be somewhat less pressure than during 2012. The company has experienced some membership loss in individual market during 2013’s second half as due to the choice of some to withhold buying coverage until exchanges open in 2014.
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Bank of America (NYSE:BAC): Compared to Q2, the company’s Q3 2012 revenue saw a 7 percent drop quarter over quarter, falling to $20.4 billion, as net income saw a decrease of 86 percent to $340 million.
Facebook, Inc. (NASDAQ:FB): Morgan Stanley (NYSE:MS), which was one of the lead underwriters in Facebook’s IPO, has been attempting to stop a securities arbitration claim that has been filed by a Facebook investor seeking $1.9 million worth in damages resulting from the company’s botched IPO, according to Reuters. Morgan Stanley claims that the investor is not a customer.
Nokia Corporation (NYSE:NOK) created an interactive Christmas window display at Selfridges, located on London’s Oxford Street, celebrating the launch of its recent Windows phone. The display is of a winter forest scene, the interactive window is able to be illuminated by members of the public that tweet #switch, to turn on lights within the display. As part of this campaign, customers that pre-order the new Nokia Lumia 820 from Selfridges are to recieve the Nokia Purity Pro Wireless Stereo headset by Monster for free. Adam Johnson, who is head of consumer marketing for Nokia UK and Ireland, stated: “Social media plays such an integral role in our customers lives that we felt it was essential to include an interactive element to the window design. The turning on of the London Christmas lights is a huge celebration on Oxford Street and we wanted to give the public their own experience of turning on Nokia’s Christmas lights.”
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