Tech Business Recap: Apple Rebounds Before Event, Google’s Event Plans
MoneyGram International (NYSE:MGI) and PayPal (NASDAQ:EBAY) reach an agreement which will permit customers add cash to and withdraw funds from their PayPal accounts at MoneyGram outlets worldwide. The firms say that the accord represents the first time that persons without bank accounts will have a method through which to tap into the e-commerce system.
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The day before Apple’s (NASDAQ:AAPL) iPad Mini event, 9to5 Mac says that the least expensive model will probably go for $329 and that higher-capacity and models capable of 3 to 4 gigabytes should range from $429 to $659. Apple shares are rebounding Monday thinks to positive comments from Bill Shope at Goldman who notes that shares oversold, saying that, “We continue to believe the best time to buy Apple’s stock is amid periods of supply-centric concerns.” The analyst contends, prior to Thursday’s fiscal fourth quarter results, that the firm should able to raise output and meet demand during the period.
Google (NASDAQ:GOOG) will use an October 29th event to introduce versions of the Nexus 7 that are capable of 3 and 32 gigabytes, says The Next Web.
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