Apple Inc. (NASDAQ:AAPL) has reached a settlement on the damages owed to consumers for orchestrating a scheme to drive up the prices of digital books. Terms of the settlement weren’t disclosed in a document filed late Monday. More details will emerge in a filing due by July 16 in a New York federal court. Apple Inc. (NASDAQ:AAPL) net profit margin is 21.40% and weekly performance is -1.79%. On last trading day company shares ended up $92.18. Analysts mean target price for the company is $93.79. Apple Inc. (NASDAQ:AAPL) distance from 50-day simple moving average (SMA50) is 9.15%.
Sirius XM Holdings Inc. (NASDAQ:SIRI) 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. Sirius XM Holdings Inc. (NASDAQ:SIRI) shares advanced 2.37% in last trading session and ended the day on $3.45. SIRI gross Margin is 62.70% and its return on assets is 5.30%.Sirius XM Holdings Inc. (NASDAQ:SIRI) quarterly performance is 1.47%.
Bank of America Corporation (NYSE:BAC) may have to counter yet another legal hassle as a New York appeals court upheld a prior judgment that its unit – Merrill Lynch Mortgage Lending Inc. must face a lawsuit filed by two trusts back in 2012. These trusts manage mortgages on behalf of investors having ownership of more than $1 billion of securities collateralized by the loans. Bank of America Corp (NYSE:BAC) shares moved up 0.38% in last trading session and was closed at $15.65, while trading in range of $15.44 – $15.69. Bank of America Corp (NYSE:BAC) year to date (YTD) performance is 0.58%.
Intel Corporation (NASDAQ:INTC) and Central New Mexico Community College have announced a partnership on a planned business innovation and training center in Downtown Albuquerque. Intel Corporation (NASDAQ:INTC) ended the last trading day at $29.93. Company weekly volatility is calculated as 1.28% and price to cash ratio as 7.82.Intel Corporation (NASDAQ:INTC) showed a positive weekly performance of 7.16%.
A sharp drop in iron-ore prices during recent weeks is to blame for Vale SA (ADR) (NYSE:VALE) share decline. Benchmark prices for the commodity are at their lowest levels since September 2012, around $90 per metric ton at Chinese ports, due to a supply glut from mining companies in Australia and slowing demand in China. Vale’s management has long insisted that iron-ore prices below $110 per ton are unsustainable. With some of the world’s best-quality ore reserves at its mines in Brazil, Vale boasts among the lowest production costs in the industry. Still, investors are debating whether it’s a good time to scoop up Vale shares on the cheap. Vale SA (ADR) (NYSE:VALE) net profit margin is 4.20% and weekly performance is -2.12%. On last trading day company shares ended up $12.91. Analysts mean target price for the company is $17.56. Vale SA (ADR) (NYSE:VALE) distance from 50-day simple moving average (SMA50) is -4.08%.