Bank of America (NYSE:BAC): On Thursday, Bank of America stated that it had purchased $136 million of a senior notes in that tender, and it issued a default notice over the attempt to change terms. The bank has stated that the consent solicitation was the most recent of MBIA’s “premeditated and subversive actions” since 2008 to benefit executives and stockholders to the detriment of Bank of America and other policy holders. The suit was filed late Thursday, and Bank of America argued that MBIA illegally interfered with its tender offer and requested for the consent solicitation and amendment to be declared invalid. Furthermore, the bank seeks punitive and other damages.
Apple Inc. (NASDAQ:AAPL): The next iPad mini will probably come equipped with an improved screen, claims a report from Digitimes. Currently, the iPad mini does not have the sharp retina-quality display that’s was included on the latest two full-sized iPad models, which is a popular complaint about the smaller tablet.
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Facebook, Inc. (NASDAQ:FB) is the most recent addition to the Nasdaq 100, a collection of the 100 most-valuable non-financial stocks trading on the Nasdaq. Last week, investors discovered that the stock would be added to the index to replace outsourcing firm Infosys, which is now moving to the New York Stock Exchange.
AT&T, Inc. (NYSE:T) has been pushing for LTE deployments, and it said Thursday that it has added seven more markets to its list, adding to the four market launches it announced only three days prior. Now, the carrier offers LTE service in 120 markets.
Nokia Corporation (NYSE:NOK): Apple isn’t the only one that should be anxious about Google’s new maps app for the iPhone, since now, Nokia likely lost whatever opportunity there was for it to get iPhone owners hooked on its mapping service.