Bank of America (NYSE:BAC) has amassed $64 billion of mortgages that are at least six months delinquent and have not yet entered the foreclosure process. This is over twice the amount that is held by its four largest competitors combined.
Apple Inc. (NASDAQ:AAPL) began to work on a new 39-acre campus that should be the future home of the company’s America’s Operations Center. Apple will not get rid of Cupertino, as it continues to be the location of the company’s global headquarters, and it is also where the company is constructing a new 2.8-million-square-foot building with a design resembling a spaceship. However, Austin will become home to much of the Apple empire.
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Facebook, Inc. (NASDAQ:FB) CEO Mark Zuckerberg will allegedly donate $500 million in stock to a Silicon Valley charity with the intentions of funding health and education issues. Zuckerberg donated 18 million Facebook shares, with a value of nearly $498.8 million considering the stock’s Tuesday closing price. The beneficiary is the Silicon Valley Community Foundation, which is a nonprofit working with donors to allocate their gifts.
AT&T, Inc. (NYSE:T) extended its 4G LTE wireless network in metro Phoenix as a way to deliver high-speed service to parts of Chandler, Gilbert, and Queen Creek, according to the company’s statements on Tuesday. The company’s spokesman Scott Huscher claimed that the Southeast Valley was the only section of AT&T’s Phoenix-area network without 4G LTE coverage, allowing much quicker data transfer than third-generation technology.
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