Facebook MOVES from Credits to Currency and 4 More HOT Stocks
Bank of America (NYSE:BAC) made mistakes allowing over a million dollars to be stolen by a Detroit man who made several large withdrawals from ATMs. The 55 year-old Ronald Page, plead guilty for bellying up to the bank repeatedly for a span of 15 days in 2009, until he’d finally withdrawn $1,543,104. Shares of Bank of America are trading 0.62% lower today.
Apple Inc. (NASDAQ:AAPL) was ruled against in a Dutch court regarding Apple’s issues with Samsung (SSNLF) about a 3G patent, the Verge reports citing AllAboutPhones. Samsung says it “will recover adequate damages that Apple and its products have caused.” Shares of Apple Inc. are trading 1.01% lower today.
Facebook, Inc. (NASDAQ:FB): The New York Post reports that Facebook has begun updating its payment services to support local currency instead of just “credits.” The company intends to sell “subscriptions” to users allowing them the use of certain services, and existing Credits balances will be converted to their appropriate currency. Shares of Facebook, Inc. are trading 1.95% lower today.
Affymetrix Inc. (NASDAQ:AFFX) has entered an agreement in which it will sell $105M aggregate principle amount of unsecured 4.00% Convertible Senior Notes which will be due in 2019. Affymetrix is also allowing underwriters to purchase as much as $10M aggregate principal amount of additional notes on identical terms and conditions as a way to cover over-allotments if they exist.
Nokia Corporation (NYSE:NOK) President of Asia Pacific operations Olivier Puech stated “The company has made a decision to continue investing heavily in Asia in terms of product development,” in an interview on Wednesday. On the side at the Mobile Asia Expo, a large trade show for the mobile industry which opened Wednesday in Shanghai, Peuch added “We will not compromise our commitment to China.” Shares of Nokia Corporation are trading 2.56% lower today.
Don’t Miss: More BAD NEWS for Nokia.
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