Facebook EYEING Hulu CEO and 4 Hot Stocks Making the Rounds
Bank of America (NYSE:BAC): British and American lawmakers are looking into whether regulators permitted banks to report untrue information on interest rates before the 2008 financial crisis, the new York Times reports. Congress requested information yesterday about the Fed’s role in the matter, the Times wrote, citing unnamed sources. Shares of BoA are trading 0.6% higher today.
Apple Inc. (NASDAQ:AAPL): Moody’s Richard Lane has issued a report disclosing that Apple heads a list of U.S. tech companies holding overseas cash, with $74B (up from $64B in December), Barron’s is reporting. Lane writes the stash stored overseas by U.S. tech firms totaled $22.5B at the end of the March quarter, and Microsoft (NASDAQ:MSFT) has $50B abroad. Additionally, Cisco (NASDAQ:CSCO) has $42.3B overseas, Oracle (NASDAQ:ORCL) has $25.1B, and Qualcomm (NASDAQ:QCOM) has $16.5B. Shares of Apple are trading 0.54% higher today.
Facebook, Inc. (NASDAQ:FB): The New York Post is reporting that Facebook’s Mark Zuckerberg is trying to get Hulu (CMSA, NWSA, DIS) CEO Jason Kilar to accept a major post with the social network site. Facebook shares are trading 0.06% lower today.
AT&T, Inc.‘s (NYSE:T) speech recognition software has goals to be complex enough to understand different accents, ways of speaking, dialects, speaker and platform variations, and background noises. Shares of the mobile carrier are trading 0.25% higher today.
Nokia Corporation (NYSE:NOK): Nearly 195M handsets were shipped in the China market in the first half of 2012, Digitimes reports on data from the China Academy of Telecommunication Research. Shares of Nokia are trading 1.9% lower today.
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