New Nokia LOWS as These 4 Bellwethers Rise
Bank of America (NYSE:BAC): Wednesday, Merrill Lynch won a NY Fed auction for former AIG CDOs with a face value of $1.9B, according to the FT. The bank is set to sell an additional $5B of the assets tomorrow, held in Maiden Lane III. Shares of BoA are trading .33% higher today.
Apple Inc. (NASDAQ:AAPL): Today, Time Inc. reported that digital subscriptions of all of its consumer magazine publications (20 in total) are presently available on the iPad via Apple’s Newsstand, offering monthly and annual subscriptions, plus single issue copies. These include ALL YOU, Coastal Living, Cooking Light, Entertainment Weekly, ESSENCE, FORTUNE, Golf Magazine, Health, InStyle, Money, PEOPLE, People En Espaol, People StyleWatch, REAL SIMPLE, Southern Living, SPORTS ILLUSTRATED, Sports Illustrated for Kids, Sunset, This Old House, and TIME, available to U.S. customers and in some international markets. Present print subscribers can access these digital versions for free. Apple shares are 0.11% higher in trading today.
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Facebook, Inc. (NASDAQ:FB) will debut a real-time bidding service titled Facebook Exchange for advertising on the site, close to what Google (NASDAQ:GOOG) and other web businesses use to better target ads to individual customers, according to Bloomberg. Facebook shares are trading 1.71% higher today.
AT&T, Inc. (NYSE:T) has affirmed that the cost of its new Xperia Ion smartphone, its first 4G LTE handset, will be $99.99 and be sent out to stores starting June 24th. Shares of AT&T are trading higher by 0.89% today.
Nokia Corporation (NYSE:NOK) is reorganizing leadership: low-end phone chief Mary McDowell, marketing chief Jerri DeVard and “Markets” chief Niklas Savander (supply chain/sales) are departing. Plus, a plant and two R&D locations are closing. Nokia reported during a conference call that it will center its attention and resources on major markets and will collaborate with Microsoft (NASDAQ:MSFT) to create less-expensive Windows Phone devices. This last move is essential to avoid losses to low-end Android phones. Shares of Nokia are trading 16.85% lower today.
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