Bank of America (NYSE:BAC) Brian Moynihan has claimed that policymakers shouldn’t eliminate Fannie Mae and Freddie Mac as they attempt to find the correct balance of government support for home buying, according to the Jacksonville Business Journal. The report cited Reuters in quoting the Bank of America leader as claiming that if the government withdraws too far, it has the potential to place homeownership out of reach for many borrowers.
Apple Inc. (NASDAQ:AAPL): On Friday, the company closed at $509.79, and it fell lower than $497 during pre-market trading on Monday for the first time since February 15, 2012.
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Facebook, Inc. (NASDAQ:FB) has begun to test and potentially could soon launch its own version of an application similar to the popular Snapchat, allowing users to send private photo messages able to be set to “self-destruct,” AllThingsD reports, citing sources familiar with the matter. The launch should raise Facebook’s app count to five individual apps if Instagram is counted, according to the report.
AT&T, Inc. (NYSE:T): Today, the company announced that it was recognized as a leader in the Gartner Magic Quadrant for MSSPs in North America, and it received a positive rating in the Gartner MarketScope for Managed Security Service reports in both Europe and Asia/Pacific.
Nokia Corporation (NYSE:NOK) intends to launch its Nokia Asha 205, which is to be the first Nokia phone including a dedicated Facebook button.