Bank of America (NYSE:BAC): Sources claim that Chief Equity Strategist Masatoshi Kikuchi, along with four other analysts, has resigned from Bank of America’s equities unit in Japan. The head of Bank of America’s Middle East and North Africa I-bank resigned less than a month ago showing issues in the bank’s upper ranks.
Don’t Miss: Why are BofA Execs FLYING the Coop?
Apple Inc. (NASDAQ:AAPL): According to Piper Jaffray, Apple should unveil its new TV in late 2012 and launch it within the first half of 2013. Piper believes the Apple TV will sell between $1,500 and $2,000, will have 42″-55″ screens, and that because of the TV, Apple’s 2013 revenue could rise 4%-8%. The firm states that the TV will sell because it revolutionizes the manner in which consumers interact with their living room. Piper maintains its Overweight rating on Apple shares with a $910 price target.
Facebook, Inc. (NASDAQ:FB): Reuters states that following Facebook’s $16B IPO issues on May 18, which lost millions each because of the trading problems, the Nasdaq OMX Group (NASDAQ:NDAQ) has not helped conciliate market making clients.
AT&T, Inc. (NYSE:T): According to Bloomberg, AT&T is considering an upgrade to rural phone lines so they can handle higher-speed internet service, possibly delaying all sales of underperforming assets.
Nokia Corporation (NYSE:NOK): According to the Wall Street Journal, Google (NASDAQ:GOOG) has recently filed an antitrust complaint in Europe against Microsoft (NASDAQ:MSFT) and Nokia (NYSE:NOK). The complaint says that the two companies are utilizing proxy companies in order to brandish patents and damage Google’s prospects of Android mobile-phone software to Microsoft’s advantage. Also, Google plans to share complaints about pantent “trolls” with U.S. competition regulators.
Shares of Nokia Corporation are trading 0.75% lower today.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.