Apple (AAPL) iPad 3 Leaked, Bank of America (BAC) Battles Regulation, U.S. Auto Jobs at Stake

Apple (NASDAQ:AAPL): Photos of alleged test data for an Apple (NASDAQ:AAPL) iPad 3 prototype hint that the company will offer two versions of the device: one with Wi-Fi only and one with Wi-Fi and embedded GSM/CDMA/LTE for all carriers, according to Boy Genius Report. China Telecom and Apple (NASDAQ:AAPL) reportedly have a deal allowing the telecom to introduce a CDMA version of the iPhone 4S in China, according to local Chinese media, reported China Tech News.

Bank of America Corporation (NYSE:BAC): U.S. banking regulators are looking at whether they can exempt sovereign debt from the Dodd-Frank ban on proprietary trading after several foreign governments, including Canada, Japan and the U.K., complained that the rule could raise borrowing costs and slow the flow of capital, sources say, reports Bloomberg.  Shares of Bank of America Corporation are trading 2.52% higher today.

Toyota Motor Corporation (NYSE:TM): Three reports argue that more than 400,000 jobs in the U.S. auto supply chain have been lost since 2000 and 1.6M more could be lost if China’s illegal trading practices are not reigned in, reported The Detroit News.  Shares of Toyota Motor Corporation are trading 2.27% higher today.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com