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Stock Market & Financial Investment News

News For AAPL;HMY;MRK;BAC From The Last 14 Days
Check below for free stories on AAPL;HMY;MRK;BAC the last two weeks.
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May 14, 2013
16:00 EDTAAPLOptions Update; May 14, 2013
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15:16 EDTAAPLApple fades to session lows, down over 2%, levels to watch
The shares last hit $443.92 at time of writing. Next support below is at $439.29. Resistance is at $445.25, a prior pivot high.
13:59 EDTAAPLApple shares drop, down 2% to $445.84
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11:12 EDTAAPLBlackBerry plans to bring BBM to iOS, Android this summer
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11:01 EDTAAPLBlackBerry says bringing BBM platform to iOS, Android
Says BBM on Google's (GOOG) Android and Apple's (AAPL) iOS to start with messaging, other BBM features to follow. Comment from CEO Thorsten Heins speaking at BlackBerry Live event.
10:53 EDTBACBank of America breakout continues, levels to watch
The breakout back above what was persistent resistance at the $12.50 area has now taken on a firmer bullish footing. Shares are trading at multi-year highs, last at $13.25. At that price, resistance is now at $13.56 and then at $13.84. Support is at $13.01.
10:07 EDTAAPLGroupon introduces Breadcrumb point-of-sale app for iPad
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09:38 EDTAAPLActive equity option families trading on open
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08:44 EDTBACBank of America management to meet with Deutsche Bank
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08:33 EDTBACCFTC investigates swap contracts, FT reports
The Commodity Futures Trading Commission issued a “special call” asking Wall Street banks and other traders to provide documents that would prove recent derivatives transactions known as “exchanges of futures for swaps” were legal. Lawyers at the CFTC enforcement division are also scrutinizing the trades for possible violations. The probe is into the legitimacy of more than 1M energy and metals transactions by the biggest traders in commodities markets over the past two years.Reference Link
08:18 EDTAAPLDavid Tepper says Citigroup position 'more than twice' Apple stake
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08:16 EDTAAPLDavid Tepper says Apple shares 'ok' at current levels
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08:15 EDTAAPLDavid Tepper says still owns Apple, cut stake 'a little bit'
David Tepper of Appaloosa Management is speaking on CNBC.
07:50 EDTAAPLApple to reach 50B app downloads before Wednesday, Fortune reports
Apple is expected to reach 50B app downloads in before midnight Tuesday, reports Fortune. With apps being downloaded at the rate of 580 per second today, things may accelerate considerably as the goal approaches. Reference Link
07:50 EDTAAPLSharp to seek increased sales to Samsung, Reuters reports
Sharp Corp. (SHCAY), a supplier to Apple (AAPL), will look to increase sales to rival Samsung Electronics (SSNLF) under a three-year rehabilitation roadmap to secure its survival, reports Reuters. The business plan is expected to be released today, and will lean further on banks that last year saved it from failure, as a $2B convertible bond will fall due in September, sources say. Reference Link
06:22 EDTAAPLGartner reports Q1 mobile phone sales growth
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06:19 EDTBACBrokerage firms see market share drop, competition increase, Bloomberg reports
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05:53 EDTAAPLWeb browsers are being reinvented, WSJ reports
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May 13, 2013
15:45 EDTAAPLOptions Update; May 13, 2013
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15:04 EDTBACFed says large banks must submit midyear stress tests on July 5
Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said. The Dodd-Frank Wall Street Reform and Consumer Protection Act required that large bank holding companies and non-bank financial institutions that are designated for Federal Reserve supervision by the Financial Stability Oversight Council conduct two stress tests each year. In the midyear test, which is being conducted for the first time in 2013, each firm develops its own baseline, adverse, and severely adverse scenarios to best reflect its individual operations and risks. Each firm in the midyear test is required to release the results produced under its severely adverse scenario, helping promote market discipline and understanding of the financial conditions and risks of individual firms, between September 15 and September 30, the Fed added.
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