AT&T Comes in Second in LTE Infrastructure and 4 Hot Stocks Attracting Investor Attention

Bank of America (NYSE:BAC): President Obama’s Residential Mortgage-Backed Securities Working Group, which formed for the investigation of misconduct contributing to the financial crisis, plans to take legal action soon, stated New York Attorney General Eric Schneiderman, who is a co-chair of the task force, Reuters reports.

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Apple Inc. (NASDAQ:AAPL) iPhone 5 has arrived, with its LTE capability, more consumers could decide to try these networks out, which may show issuse in coverage and testing the networks’ capability to deal with heavy traffic for the first time, according to the Wall Street Journal. Verizon Wireless (NYSE:VZ), AT&T (NYSE:T), and Sprint Nextel (NYSE:S) have given billions to introduce new networks with fast speeds for browsing the Web on mobile phones. Although they have taken the time and effort to heavily market the technology, many don’t come close to completion.

Facebook, Inc. (NASDAQ:FB): A U.S. appeals court will not disturb Facebook Inc.’s $9.5 million class action settlement regarding allegations that the company’s defunct “Beacon” service violated the privacy rights of members. On Thursday, the 2-1 ruling  came from the 9th U.S. Circuit Court of Appeals, with the one dissenting judge claiming that the settlement benefited Facebook and plaintiff attorneys unfairly.

AT&T, Inc. (NYSE:T) does have the second most robust LTE infrastructure countrywide, but it sill comes behind Verizon. It still seems impossible for AT&T to pass Verizon any time in the near future judging from its current position. However, AT&T launched a 4G initiative early, which uses a standard called HSPA+. As HSPA+ is much faster than 3G, it isn’tcomparable to LTE. This means that AT&T basically will have to trash all of the effort that it put into HSPA+, and it will build a brand new network using LTE technology.

Nokia Corporation (NYSE:NOK) Yesterday, the company posted a blog on its site about the value and importance of its mapping applications. Nokia decided to use this post to take some jabs at Apple and Google. “Unlike our competitors, which are financing their location assets with advertising or licensing mapping content from third parties, we completely own, build and distribute mapping content, platform and apps,” the company stated in the post. “In other words, we truly understand that maps and location-based apps must be accurate, provide the best quality and be accessible basically anywhere. That’s been standard practice at Nokia for the past six years, and we also understand that ‘pretty’ isn’t enough.”

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