Before the bell: AAPL, BAC, WB, YHOO, NVS, GM ... |
| Published: June 4, 2008, 4:22 am |
| Tags: aapl, bac, f, gm, inthenews, nvs, tm, wb, yhoo |
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Filed under: Before the bell, Analyst reports, Analyst upgrades and downgrades, Deals, Yahoo! (YHOO), Apple Inc (AAPL), Ford Motor (F), General Motors (GM), Toyota Motor Corp. (TM), Novartis AG ADS (NVS), Bank of America (BAC), Wachovia Corp (WB)Before the bell: Stocks head for lower open, againWell, with this latest deal, Apple Inc. (NASDAQ: AAPL) has all but confirmed what the next iPhone will be. Japanese mobile-phone operator Softbank Corp. said Wednesday that it reached an agreement with Apple to sell its iPhones by the end of the year. Japan has 103 million sophisticated mobile users, already paying up for high-tech phones. So far, speculation was that Apple will close a deal with NTT DoCoMo, but Softbanks it is. The phone will likely support 3G networks.Merrill Lynch cut its price target to $27 from $28 for Bank of America (NYSE: BAC), saying Countrywide Financial's cumulative losses are likely to rise to between $10 billion and $12 billion, causing writedowns for its buyer and [ Full article ] |
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