Bank of America (NYSE:BAC): According to the Wall Street Journal, John Williams, President of the Federal Reserve Bank of San Francisco, said the “strong measures” taken by the Federal Government at their September meeting should spur better levels of growth in the United States economy. He also said that the open-ended purchase of mortgage bonds that was launched last month will be adjusted as necessary.
Apple Inc. (NASDAQ:AAPL): After noticing last month,that a clock introduced in their iOS 6 bore a resemblance to their own 70-year-old clock timepiece, Apple Inc. has agreed to cough up money for the rights to use the design of the Swiss Federal Railways (NYSE:SBB) company’s clock.
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Facebook, Inc. (NASDAQ:FB): With the majority of Facebook Inc.’s users and subscriber growth now coming from outside the United States, the company is taking more steps to reach that audience. To that end, Facebook has opened up an engineering center in London, their first outside of the US, and are now hiring people to staff it.
AT&T, Inc. (NYSE:T): AT&T, Inc. has announced that they have new AT&T Connection Kits that are aimed at emerging device developers. The kits that are available include new models from Sierra Wireless, Telit Wireless Solutions, and ZTE. The new Connection Kit program promises the tools and environments that developers need to streamline device development and to optimize their performance for the AT&T network.
Nokia Corporation (NYSE:NOK): As investors await next week’s launch of Microsoft’s Windows Phone software 8, which the struggling company has called an “important catalyst” for their ailing smartphone devices, Nokia Corporation is expected to report a plunge in sales and further loss of market share. The former top cellphone maker has lost, in the fierce top-end race, to Apple and Samsung and is now also losing ground to Asian makers in lower-end devices. Samsung overtook them as the world’s No. 1 cellphone maker in the first quarter with 86.6 million units sold, compared with 83 million for Nokia. Nokia led the field for 14 years.