BofA LOSING Portion of Democratic National Committee Business and 4 Heavily Traded Shares to Watch Closely
Sprint Nextel Corporation (NYSE:S): Target (NYSE:TGT) has reduced the price of the Verizon (NYSE:VZ) and AT&T (NYSE:T) versions of the iPhone 4S (NASDAQ:AAPL) to $179, while Best Buy (NYSE:BBY) has lowered the price of the 8GB iPhone 4 to only $49, according to AllThingsD. Currently, Sprint is selling the iPhone 4S for $149. Apple is should announce a new iPhone at an event during the week of September 9.
Don’t Miss: Groupon Earnings Approaching.
Sirius XM Radio Inc (NASDAQ:SIRI) is launching “BuzzFeed Radio”, which is a weekly show hosted by editors and reporters of BuzzFeed, a quickly growing website famous for its quirky content which spreads rapidly online. The one-hour call-in show is to air live to the satellite radio provider’s 22 million subscribers on Tuesday at 6 pm Eastern, and it will be replayed again on Wednesday mornings and evenings.
Bank of America Corp (NYSE:BAC) is probably close to losing a very prominent customer. The Democratic National Committee is to announce some time during the next few days that it will pull some of its business from Bank of America, according to the Wall Street Journal reports, citing a “Democratic Party official.” Instead, the organization has decided to keep its money at union-owned Amalgamated Bank. The process of moving all of the DNC’s money to Amalgamated is to be completed following the election, the paper added.
Nokia Corporation (NYSE:NOK) and HTC have accelerated the development of the Windows (NASDAQ:MSFT) Phone 8 prior to its expected unveiling in September, according to DigiTimes citing industry sources. Nokia and HTC hope the acceleration will cease their falling market shares ahead of a new Apple’s (NASDAQ:AAPL) new iPhone and another model from Samsung (SSNLF).
Cisco Systems, Inc. (NASDAQ:CSCO): “The fourth quarter is typically Cisco’s strongest, but it is only expected to be flat quarter-on-quarter,” states a note from Tim Long, who is an analyst at BMO Capital Markets. “That said, Cisco has executed much better of late and is doing a solid job of managing what is within its control.”
Investing Insights: Cisco Earnings on the Horizon.
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