Apple Inc Among Highest Volume Stock Movers Jan. 25th

Apple Inc. (NASDAQ:AAPL): Samsung’s Galaxy Nexus, developed in cooperation with Google (NASDAQ:GOOG), is not one of the devices that Apple (NASDAQ:AAPL) is seeking to ban in Germany due to alleged patent infringement, according to The Korea Herald, which cited an unnamed Samsung official. Meanwhile, a ruling against Apple in two cases in Germany – set to be decided tomorrow and February 2 – would cause sales of Apple’s iPhone to be banned in the country until an appeal, the newspaper added.

Corning Incorporated (NYSE:GLW): James B. Flaws, vice chairman and CFO, remarked. We are working closely with our customers to reduce glass prices to help them with their immediate financial strains. To that end, price declines will be significant in the first quarter of 2012, as they were in last year’s fourth quarter. We expect significant double-digit price declines over the cumulative two-quarter period. We are hopeful that our pricing actions, combined with our capacity decisions, will help us get back to more stable price declines in the coming quarters.” Corning is not anticipating much sequential change in the overall glass market in the first quarter. Volume at its wholly owned business should be in line with the glass market. In the company’s Telecommunications segment, Corning is forecasting that demand for its fiber-to-the-home, enterprise networks, and wireless products will remain strong worldwide.

Illumina, Inc. (NASDAQ:ILMN): Roche (RHHBY) announced that it is proposing to acquire all outstanding shares of Illumina (NASDAQ:ILMN) for $44.50 per share in cash, or an aggregate of approximately $5.7 billion on a fully diluted basis. This offer represents a 64% premium over Illumina’s stock price on Dec. 21, 2011 the day before market rumors about a potential transaction between Roche and Illumina drove Illumina’s stock price significantly higher a 61% premium over the one-month historical average and a 43% premium over the three-month historical average of Illumina’s share price, both as of December 21. It also represents a 30.1x multiple of Illumina’s projected forward earnings based upon analysts’ current consensus estimates for 2012.

Bank of America Corp (NYSE:BAC): FINRA announced that it has fined Merrill Lynch, Pierce, Fenner & Smith $1M for failing to arbitrate disputes with employees relating to retention bonuses. Registered representatives who participated in the bonus program had to sign a promissory note that prevented them from arbitrating disagreements relating to the note, forcing the registered representatives to resolve disputes in New York state courts. FINRA found that Merrill Lynch, after merging with Bank of America in January 2009, implemented a bonus program to retain certain high-producing registered representatives and purposely structured it to circumvent the requirement to institute arbitration proceedings with employees when it sought to collect unpaid amounts from any of the registered representatives who later left the firm.

Xerox Corporation (NYSE:XRX): Reports Q4 revenue $6B vs. consensus $6.07B.

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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