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General Electric (NYSE:GE): According to an insider trading report, in the last three months, General Electric Company (NYSE:GE) officials such as Chief Executive Officers, Chief Financial Officers and Directors have sold $3.78 million in shares while others have purchased $408,800 worth. Shares of General Electric soared 1.39% for the session to $21.89 and made a new fifty-two week high of $21.93. General Electric traded 43.01 million shares in the last trading session, well above their daily average of 32.13 million shares. The company has a market capitalization of $231.13 billion.
Nokia Corporation (NYSE:NOK): Nokia Corporation said their use of misleading marketing material for their new range of Lumia smartphones was a result of “poor judgment” and the company has taken “appropriate action” to correct the problem. Earlier this month, Nokia was called out by independent blogs, for not having used their own hardware to shoot promotional videos that demonstrate the benefits of their new Lumia 920 flagship’s camera.
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Facebook Inc. (NASDAQ:FB): According to Financial Times, Facebook Inc., in a bid to bolster their revenue streams, has officially launched their new real-time advertising platform, Facebook Ad Exchange, or FBX.
Citigroup Inc. (NYSE:C): According to the Federal Reserve, one bright spot for the United States banking industry is that outstanding commercial and industrial loans surged from14% to $1.45 trillion this past July from a year ago on a seasonally-adjusted basis. That growth rate is twice as fast as gains in overall bank credit and federal data shows that compared to a year ago, for four quarters in a row, non-real estate loans to businesses were up by double digit percentages.
Sprint Nextel Corporation (NYSE:S): CNet reported that the initial stock from Apple’s (NASDAQ:AAPL) iPhone 5 for release-day delivery sold out in under an hour. In addition to this, early buyers found both Apple and AT&T’s (NYSE:T) online stores were down for maintenance.
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