Morning Coffee News: Apple Inc., Plug Power Inc, Sirius XM Radio Inc, Bank of America Corp


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NASDAQ:AAPL / NASDAQ:SIRI / NYSE:BAC / NASDAQ:PLUG
06/19/2014 [ACCESSWIRE]

NEW YORK / ACCESSWIRE / June 19, 2014 / Market Buzz Report, which provides up to date coverage, commentary and alerts on OTC and NASDAQ Stocks, issues critical stocks analysis for Apple Inc., Plug Power Inc, Sirius XM Radio Inc, Bank of America Corp.

Apple Inc. (NASDAQ:AAPL)’s shares jumped 0.1% to $92.18. The company on June 18 introduced a new 21.5-inch iMac(R) starting at just $1,099, making the world’s leading all-in-one desktop even more affordable. Featuring a stunning ultra-thin design, brilliant display, Core i5 processors and the world’s most advanced operating system, the new iMac is the perfect entry-level Mac(R) desktop.

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Additionally, Apple Inc reached an out-of-court settlement with U.S. states and other complainants in an e-book price-fixing class action lawsuit, effectively avoiding a trial in which the iPad maker faced as much as $840 million in claims. U.S. District Judge in Manhattan Denise Cote ordered the parties to submit a filing seeking approval of their settlement within 30 days. The terms of the settlement, reached on June 17, have not been revealed. It still needs court approval.

Sirius XM Radio Inc (NASDAQ:SIRI)’s shares jumped 2.37% to $3.45. The company on June 18 announced the launch of a new weekly show featuring golf talk, analysis and instruction from several pros based out of the renowned Sea Island Golf Club on St. Simons Island in Georgia.

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Additionally, the company on June 12 announced it has become a certified vendor in the Reynolds Certified Interface (RCI) program. Being certified in the RCI program gives SiriusXM the ability to securely exchange data with a Reynolds ERA® dealership management system (DMS) and supports SiriusXM's commitment to the security and integrity of customer data.

Bank of America Corp (NYSE:BAC)’s shares gained 0.38% to $15.65. The company on June 18 announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.01 per share, payable June 30 to shareholders of record as of June 24. The board also declared a regular quarterly cash dividend of $1.75 per share on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is payable July 25 to shareholders of record as of July 11.

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The board also declared a regular quarterly cash dividend of $18.125 per share on the 7.25 percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The dividend is payable on July 30 to shareholders of record as of July 1.

Additionally, the company on June 2 said it sent incorrect data to a U.S. regulator that made its private stock trading platform look bigger than it actually is. Bank of America made an error calculating the volume it sent to the regulator, according to Zia Ahmed, a spokesman for the Charlotte, North Carolina-based bank.

Plug Power Inc. (NASDAQ:PLUG)’s shares jumped 17.72% to $5.05. The company on June 12 published comments on its blog regarding to the 2014 Green Retail Decisions (GRD) Innovation Summit. According to the blog, the main theme of the event was sharing best practices and collaboration among suppliers and retailers. Companies in attendance ranged from Wal-Mart to Home Depot to Family Dollar. The company also noted that a large range of organizations were interested in switching from the lead-acid batteries currently used on its forklift fleets to Plug's efficient, zero emission hydrogen fuel cells.

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SOURCE: Market Buzz Report 

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