Bank of America (NYSE:BAC): Very low U.S. interest rates have begun to squeezing bank profits, which complicates the industry’s recovery from the financial crisis. Net interest margin dropped to its lowest level in three years. The measure tracks the amount that is earned by banks when they borrow from depositors and then lend or invest those funds, according to the Wall Street Journal.
Apple Inc. (NASDAQ:AAPL) was expected to make an announcement today regarding a new, smaller iPad, but this is more than just another product launch. This creates an opportunity for the company to prove that it is leading in the market, the Wall Street Journal reports.
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Facebook, Inc. (NASDAQ:FB) second earnings report as a publicly traded company is scheduled to be released late Tuesday, and the social network is under pressure to prove it has the ability to make more money on its 1 billion users. Facebook watchers have placed their focus on two main areas: The impact of FarmVille maker Zynga’s terrible quarter, and the company’s skill at monetizing its everyday users, particularly on mobile.
Exxon Mobil (NYSE:XOM): The Obama administration should pressure Exxon Mobil to slow its dealings with Iraqi Kurdistan due to the fact that it could exacerbate disputes between Baghdad and the northern province, according to Jabir Habeb, who is Iraq’s ambassador to the U.S., Reuters reports.
Nokia Corporation (NYSE:NOK) announced its Nokia Lumia 510, which is a smart and modern entry-level smartphone. The device features a 4-inch display, and it makes the unique benefits of Lumia and Windows Phone even more affordable. Nokia believes that the retail price for the Nokia Lumia 510 to be about $199, not including taxes and subsidies. Sales will begin in November 2012, starting with India and China, and followed closely by other Asia-Pacific countries and South America.
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