Bank of America (NYSE:BAC): According to a survey by Bloomberg News, as gains in United States employment and consumer confidence prove unsustainable, the world’s largest bond traders believe that the Federal Government, in addition to purchasing $40 billion of mortgage bonds a month, will also decide to buy Treasuries. All twenty-one primary dealers who trade with the central bank expect their latest quantitative easing measures to expand and include government securities.
Facebook, Inc. (NASDAQ:FB): According to Mashable, Facebook, Inc. users rarely rely on the social network for inspiration in online shopping. Over 70% of Facebook’s 10 million users employ Pinterest for inspiration.
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AT&T, Inc. (NYSE:T): According to CNET, Two iPhone owners filed a lawsuit against Apple (NASDAQ:AAPL), claiming that they violated the Digital Millennium Copyright Act and the Sherman Act when locking their phones to AT&T, Inc.’s service.
Nokia Corporation (NYSE:NOK): According to Best Buy (NYSE:BBY), Nokia Corporation’s new Windows-running Lumia 920 will cost $149.99 in the United States with a two year AT&T (NYSE:T) contract. This is less than its rivals. However, while the low price could attract more interest, it could hurt the company’s margins.
General Electric Company (NYSE:GE): General Electric Company posted a weaker revenue for the third quarter which fell short of analysts’ estimates; this is mainly due to unfavorable exchange rates. The company said that they will continue to face harsh economic conditions in 2013. The largest conglomerate in the United States, General Electric, said that their revenue for the full year will only increase by 3% as compared to earlier forecast of 5%. The company is not expecting any significant growth in the economy of the world in 2013.
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