Here is another collection of stock briefings that could affect stock prices in trading later today. The following companies should see some movement: Apple Inc. (NASDAQ:AAPL), BP (NYSE:BP) and Bank of America Corp (NYSE:BAC).
Here is a more detailed look at the news that will affect each company when trading continues.
Apple Inc. (NASDAQ:AAPL)
Disney and Apple Inc. (NASDAQ:AAPL) could be close to signing an agreement to offer tv show rentals at a cheap price. Apple Inc. (NASDAQ:AAPL) is in discussions with Disney and several of the big TV networks to offer 99-cent rentals of TV episodes through iTunes, according to people familiar with the situation.
This is part of Apple’s (NASDAQ:AAPL) plan to make its devices the center of the media universe, and in this case that involves pushing Internet video onto home TV sets.
BP just can’t catch a break. Though the British oil giant stopped the bleeding in its Gulf well weeks ago, the company’s stock continues to fall. In fact, shares have fallen 18.4% in the last 12 trading days.
Analysts say they’re now concerned about what comes next for the company, with massive legal liabilities still a possibility.
Bank of America Corp (NYSE:BAC)
Bank of America Corp (NYSE:BAC) has started preliminary testing of a cell phone payment option at select merchants in the New York area.
The bank says the goal now is simply to gain a better understanding of how customers perceive these types of payment options, and go from there.
The testing could be expanded to four cities by the middle of next year.
Expect more movement when trading continues for Apple Inc. (NASDAQ:AAPL), BP (NYSE:BP) and Bank of America Corp (NYSE:BAC).