BofA Faces California Standstill, Nokia Fined, EMC Surges, Intel’s New Concept

As U.S. financial indices are very stable and holding firm support today, here are four of the highest traded stocks to review with latest news bites:

Bank of America Corp (NYSE:BAC): California, which many analysts consider to be a key participant of any meaningful mortgage deal, has yet to signal whether it will accept the $25B settlement with the nation’s biggest banks that is currently on the table, reported The Los Angeles Times.

Nokia Corporation (NYSE:NOK): Nokia (NYSE:NOK) has been fined $55,000 for sending unsolicited text messages to customers and accepted an enforceable undertaking from the Australian Communications and Media Authority to fix the problems linked with the marketing of its short-message-service, the Daily Telegraph reports.

EMC Corporation (NYSE:EMC): Reports Q4 revenue $5.6B vs. consensus $5.49B. Services sales $2.03B, Product sales $3.54B. EMC Corp Earnings: Beats the Street on Profit Rise>>

Intel Corporation (NASDAQ:INTC): Intel (NASDAQ:INTC) has developed a new wireless network design concept that the company believes will enable simpler networks, according to GIGAom. China Mobile (NYSE:CHL) is seeking Intel’s help to develop an LTE network that will be largely reliant on the cloud, the publication said.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com