Nokia Lumia Heads to Verizon and 4 Hot Stocks To Keep an Eye On
Bank of America (NYSE:BAC): rather than selling their U.S. bonds to the Fed, banks on Wall Street are hoarding them more than ever, while speculations concerning a slowing economy and global financial turmoil will increase their importance, Bloomberg reports. In June, the world’s largest bond dealers offeren $7.2B on average in Treasuries a day to the central bank, this is down 40.5% from October’s $12.1B, Bloomberg data reports. Shares of Bank of America are trading 0.72% lower today.
Apple Inc. (NASDAQ:AAPL): Several states, including Virginia and Texas, recently passed laws requiring customers to pay sales tax on purchases made on the Internet, The Washington Post reports. The newspaper adds that there is also increasing support among Congressional members for a bill making it easy for more states to earn sales taxes on Internet purchases. Shares of Apple Inc. are trading 0.85% higher today.
Don’t Miss: LEAKED: Here’s the LATEST iPad Mini Rumor.
Facebook, Inc. (NASDAQ:FB): A minimum of 160 U.S.-based mutual funds and exchange-traded funds, which includes those managed by Fidelity Investments, Morgan Stanley Investment Management (NYSE:MS) and OppenheimerFunds Inc., purchases shares in May, the Wall Street Journal reports citing monthly disclosures made in June and July and compiled by Morningstar Inc. for the WSJ. Shares of Facebook, Inc. are trading 3.31% higher today.
AT&T, Inc. (NYSE:T): Nokia (NYSE:NOK) and Genius Brands International (GNUS), a developer and marketer of entertainment and education-based products including the award winning Baby Genius line, have partnered together to develop unique and exclusive mobile apps which will run on Microsoft’s (NASDAQ:MSFT) Windows Phone platform to the award-winning Nokia Lumia device range, which includes the Lumia 900 on AT&T (NYSE:T). Shares of AT&T, Inc. are trading 0.14% lower today.
Nokia Corporation (NYSE:NOK): Soon, Verizon customers who wish to purchase a Nokia Lumia Windows Phone could have it granted. According to Nokia vice president of Worldwide Developer Relations Richard Kerris, the Lumia lineup is heading to Verizon. Kerris stated, in his interview with Neowin, that “it won’t be long” before Lumia phones will be available for Verizon customers, but he did not specify a timeframe or what models would be available. Shares of Nokia Corporation are trading 3.39% lower today.
Don’t Miss: Samsung Scores An EMBARRASSING Win Over Apple.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.