Bank of America Corp (NYSE:BAC) recently rallied, and it hasn’t assisted in influencing longtime investor and gadfly Finger Interests to divest any of its shares, states a partner Jonathan Finger, stating that the firm will probably wait until shares come closer to tangible book value, about $13, before it takes a chance on such a move.
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Facebook Inc (NASDAQ:FB): The Winklevoss twins who lost Facebook a few years ago, are now intending to invest in a social network intended for professional investors, according to the Wall Street Journal. Tyler and Cameron Winklevoss are supporting their fellow Harvard alumnus Divya Narendra, who was also their ally in the struggles with Facebook, in the investment website which is to be named SumZero. The site was founded by Narendra along with another Harvard alum, Aalap Mahadevia.
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Nokia Corporation (NYSE:NOK): Nokia Lumia 900 has been launched in India with no fanfare. Already, the device is available at e-commerce sites such as Indiatimes Shopping with a price tag of about Rs 32,999 in cyan white and black colours.
Advanced Micro Devices, Inc. (NYSE:AMD) continue to be given an Outperform rating by Wells Fargo & Co., according to a report released on Monday. Additionally, other equities research analysts have also issued recent reports regarding the stock. Longbow Research downgraded the company’s shares from Buy to Neutral in a research note released on Monday. Citigroup downgraded the stock from Buy to Neutral in a research released on Thursday with a $4.25 price target on the stock, which is down previously from $6.50. Goldman Sachs has upgraded the shares from Sell to Neutral in a research note released on Monday, September 10th, with a $3.50 price target on the stock, noting that the move was a valuation call.
General Electric Company (NYSE:GE) has hired Morgan Stanley (NYSE:MS) for the review of its 33 percentstake in Thailand’s Bank of Ayudhya Pcl, which may possibly cause a sale of its nearly $2.2 billion holding, sources claim and Reuters reports.
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