Another Facebook Lock-Up Expiration Looms and 4 Hot Stocks Trading Today
General Electric Co. (NYSE:GE): General Electric Co.’s Capital Aviation Services Limited, the commercial aircraft leasing and financing arm of GE, announced they will lease two modern Embraer E190 aircraft to Myanmar Airways, the flag carrier of Myanmar. The aircrafts are scheduled for delivery in November and December.
Research in Motion Limited (NASDAQ:RIMM): According to DigiTimes, the lack of near field communication technology in Apple’s iPhone 5 will prompt rival handset makers to race to become priority partners for launching NFC enabled apps. Samsung (SSNLF.PK) has won the largest number of NFC related partner projects in Europe and Asia, while Research in Motion Limited, has led rivals in establishing NFC ties with the business sector.
Bank of America (NYSE:BAC): According to the Wall Street Journal, due to the uncertain economy and new government regulations, banks are charging customers more to maintain “free” checking accounts. A new survey from the data provider, Bankrate, Inc., in the United States, customers have to keep an average minimum balance of $723 in checking accounts that pay no interest, which is 23% higher than last year. The average monthly fee on non-interest checking accounts climbed 25% to $5.48, a new high.
Facebook, Inc. (NASDAQ:FB): Starting next month, more than 1 billion shares of Facebook will be released from lock up restrictions for a short span of two weeks or so. Many of these shares belong to current Facebook employees and it’s a good bet they are going to sell in large numbers, putting new pressure on the stock.
AT&T, Inc. (NYSE:T): According to the Associated Press, many stores in the United States are reporting that they have sold out of Apple’s iPhone 5. The device went on sale this past Friday.
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