Toyota RUMORED to Collaborate with Ford on Hybrid and 4 Hot Stocks Trading Today
Bank of America Corporation (NYSE:BAC): According to IB Times, Florida’s state regulator has issued subpoenas to Lloyds (NYSE:LYG), Bank of America (NYSE:BAC), Societe Generale (SCGLY), Credit Suisse Group (NYSE:CS), Credit Agricole (CRARY), Royal Bank of Canada (NYSE:RY) and Rabobank and says it is “actively reviewing the Libor matter.” Shares of Bank of America Corporation are trading at 1.95% higher today.
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Alexandria Real Estate Equities Inc. (NYSE:ARE): Alexandria Real Estate Equities Inc.’s stock, in a research note issued on Thursday, had their “overweight,” rating reaffirmed by Barclay’s Capital. Their shares traded up 0.39% and hit $74.24. The company has a one year low of $56.10, a one year high of $76.50, and a market cap of $4.621 billion with a P/E ratio of 52.08. Shares of Alexandria Real Estate Equities Inc. are trading at 1.033% lower today.
Toyota Motor Corporation (NYSE:TM): The Chevrolet Silverado Hybrid may have competition from Ford and Toyota, if GM’s full size truck hybrid survives into a second generation. Ford and Toyota engineers are developing rear-drive hybrid technology that could lead to a future F-150 hybrid, among other possible vehicles. Shares of Toyota Motor Corporation are trading at 0.28% higher today.
GMAC LLC (NYSE:GOM): Riding a rebound in auto sales, General Motors, this week, shored up the capital of their purchasing arm with a United States $1 billion bond issue. The fallen Detroit giant is battling back from bankruptcy and trying to rebuild the lending business that they sold six years ago. Shares of GMAC LLC are trading at 0.10% lower today.
Apple Inc. (NASDAQ:AAPL): According to the Wall Street Journal, the trial in San Jose, CA entered its final days in the ongoing patent battle between Apple (NASDAQ:AAPL) and Samsung Electronics Co. (SSNLF). Apple contends they are owed over $2.5 billion in damages based on a host of Samsung devices that are infringing on several of their patents. A lawyer for Samsung provided testimony and evidence designed to reduce the potential penalty that the company would face if the jury rules that Samsung devices violated Apple patents. Shares of Apple Inc. are trading at 1.15% higher today.
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