Most Active Share Volume April 20th: BofA, Microsoft, GE, Nokia, Riverbed Tech
Bank of America Corp (NYSE:BAC): Bank of America Corp.’s backlog of pending demands for refunds on bad loans hit a record $16.1B as their dispute escalated with Fannie Mae, reports Bloomberg.
Microsoft Corporation (NASDAQ:MSFT): Verizon (NYSE:VZ) CFO Fran Shammo says the company wants to help Microsoft (NASDAQ:MSFT) succeed in creating an alternative mobile platform to offerings from Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG), the New York Post reports. Though Microsoft’s ecosystem is not now a threat to Android or iOS, Windows is still seen as a future rival, especially as Research in Motion’s (NASDAQ:RIMM) BlackBerry continues to fall off.
General Electric Company (NYSE:GE): GE says turn of Real Estate “makes us feel positive” about 2012 for GE Capital. Immelt Says GE Capital Real Estate income positive for first time since 3Q08.
Nokia Corporation (NYSE:NOK): A German court found that Nokia (NYSE:NOK) had violated patents held by a German patent firm called IPCom, according to Reuters. Nokia, which said that none of its current phones were found to have violated patents, will ask a higher court to clarify the decision, the news service added.
Riverbed Technology, Inc. (NASDAQ:RVBD): RBC Capital downgraded Riverbed citing reduced guidance and a difficult product transition. Price target lowered to $20 from $25.
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