These 4 Business and Stock Market Headlines are Hot
1) Eastman Kodak (NYSE:EK): The street heats up as news is released that EK is ahead in a patent dispute with Apple (NASDAQ:AAPL) and Research in Motion (NASDAQ:RIMM). The $1b case involves AAPL and RIMM in possible patent infringement. Shares of EK were up over 20% after hours on Friday. Keep a close eye on Eastman Kodak as trading resumes on Monday.
2) Financial Select Sector SPDR ETF (NYSE:XLF): SNL Financial released new bank ratings recently. Bank of America (NYSE:BAC), JP Morgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC), and Citigroup (NYSE:C) still hold the top four. To put it in perspective, these 4 banks hold more deposits than the next 46. Wow! Don’t Miss: Banks to Shareholders: Here’s Your Dividends Back.
3) Nokia (NYSE:NOK): The most popular company in America cannot seem to get away from the headlines. Recent news states that an international trade commission judge ruled for Apple (NASDAQ:AAPL) in Nokia’s case against them concerning patent infringement. The ruling is still subject to review. But Will Microsoft And Nokia Win Over Consumers With Windows Phone 7?
4) S&P 500 VIX Short-Term Futures (NYSE:VXX): Not all is well for some investors as the recent sharp drop in the fear index flash signs of concern. The recent weekly drop is the second largest since inception suggesting a period of extreme volatility. The index is down 40% since the highs reached earlier this month from the Japan (NYSE:EWJ) scare.
Keep this news in mind for Monday’s trading. Good luck out there!