The Bank of America Corporation (NYSE:BAC) issued layoff notices to 540 Charlotte employees. The job cut has been in the Legacy Asset Servicing division and it will impact 60% employees of that division in Charlotte. Bank of America Corp (NYSE:BAC) net profit margin is 15.70% and weekly performance is -0.84%. On last trading day company shares ended up $15.41. Analysts mean target price for the company is $17.19. Bank of America Corp (NYSE:BAC) distance from 50-day simple moving average (SMA50) is 0.57%.
A California federal judge has ruled that Apple Inc. (NASDAQ:AAPL) may not refer to GPNE Corp. as a “patent troll,” “pirate” or “bounty hunter” when it heads to an infringement trial in October against the patent-assertion entity over three GPNE patents covering data transmission. Apple Inc. (NASDAQ:AAPL) shares advanced 0.60% in last trading session and ended the day on $90.90. AAPL gross Margin is 37.90% and its return on assets is 18.00%.Apple Inc. (NASDAQ:AAPL) quarterly performance is 19.06%.
Chipmaker and technology company Intel Corporation (NASDAQ:INTC) said on Thursday it has invested in a New Zealand company producing software for use in sports and exercise sectors. Intel Corporation (NASDAQ:INTC) shares moved down -0.32% in last trading session and was closed at $30.78, while trading in range of $30.61 – $30.90. Intel Corporation (NASDAQ:INTC) year to date (YTD) performance is 20.71%.
General Electric Company (NYSE:GE) Aviation, Alcoa and BAE Systems have announced they plan to build new manufacturing facilities in LaPorte, Lafayette, and Fort Wayne. General Electric Company (NYSE:GE) ended the last trading day at $26.29. Company weekly volatility is calculated as 1.08% and price to cash ratio as 3.03.General Electric Company (NYSE:GE) showed a negative weekly performance of -2.38%.
The Ford Motor Company (NYSE:F) is preparing to launch its latest Mustang in Korea at the end of the year. The 2015 Ford Mustang, which is the sixth generation of Ford’s pony car, was already unveiled in six cities across four continents last year. Ford Motor Company (NYSE:F) net profit margin is 4.40% and weekly performance is 2.50%. On last trading day company shares ended up $17.20. Analysts mean target price for the company is $18.53. Ford Motor Company (NYSE:F) distance from 50-day simple moving average (SMA50) is 5.96%.