Bank of America Corp (NYSE:BAC) lost market share in Massachusetts although it saw an increase of nearly $2 billion in total deposits over the past year, while customers became interested in smaller competitors throughout the commonwealth, according to new data published by the Federal Deposit Insurance Corp.
Sprint Nextel Corporation (NYSE:S) is launching a new service enabling hotels, retailers, and other businesses to become mobile broadband MVNOs of its CDMA network and Clearwire’s (NASDAQ” target=_blank>NASDAQ:CLWR) mobile WiMAX network. The new service has been named “Mobile Broadband on Demand,” and it lets companies either sell or rent mobile hotspot or USB modem devices to customers. According to Sprint, customers of the product will not find it necessary to have previous wireless experience or wireless support systems. Sprint intends to add support for its LTE network sometime in the next year. The service is enabled via a partnership with Telespree.
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Facebook Inc (NASDAQ:FB): The company’s attorney, Matthew Brown, informed U.S. District Judge Edward Davila that the complaint against Facebook, in what currently is being called the “In re Facebook Internet Tracking Litigation” case, included an “utter lack of allegations of any injury to these particular named plaintiffs,” according to Bloomberg. The plaintiffs did not demonstrate that anyone was harmed, causing Brown to recommend that the lawsuit be dismissed.
Sirius XM Radio Inc (NASDAQ:SIRI): The Opie & Anthony Show has signed a new two year contract ensuring that they will continue broadcasting to SiriusXM subscribers until 2014. The deal’s details were not disclosed, but it seems as if the offer was good enough for O&A to sign. The Opie & Anthony channel features pie & Anthony, Ron and Fez, The Joe Rogan Experience, Davey Mac Sports Show, Wierd Medicine with Dr. Steve, etc. This type of contend differntiates SiriusXM from any other audio entertainment services.
Google (NASDAQ:GOOG) announced a deal last week with the Association of American Publishers regarding its book-scanning project. However there is probably an overwhelming sense of relief, as the deal has turned to a truce in what was a difficult seven-year battle. Google has attempted to scan and digitize as many books as possible for nearly ten years, but it was stymied by lawsuits from the AAP and the Authors Guild, claiming that the scanning process is copyright infringement.