Market News: Bank of America Corp. (NYSE:BAC), Lockheed Martin (NYSE:LMT), Best Buy (NYSE:BBY)

Here are more news stories which could affect stocks on world markets in trading later today. The following stocks should see some movement: Bank of America Corp. (NYSE:BAC), Lockheed Martin (NYSE:LMT), Best Buy (NYSE:BBY). Here is a more detailed look at the news that will affect each company when trading continues. Bank of America Corp. (NYSE:BAC) Bank of America Corporation (NYSE:BAC) has reported $7.6 billion in losses. The corporation said in the official statement that it has lost $7.6 billion due to a legislation regarding credit and debit card reform. The legislation that passed over the summer prevented Bank of America Corporation (NYSE:BAC) from charging more than $7 billion in fee alone from its customers. It was also reported that the bank has taken a write-down of $10.4 billion to prepare for legislation yet to come. Lockheed Martin (NYSE:LMT) Lockheed Martin (NYSE:LMT) has submitted a proposal to the US Naval Air Systems for their UAS request. The K-MAX helicopter, developed by Lockheed Martin (NYSE:LMT) has already met the requirements for a cargo unmanned aircraft system (UAS). Lockheed Martin (NYSE:LMT) has teamed up with Kaman Aerospace Corporation to develop the K-MAX helicopters. Dan Spoor, Lockheed Martin (NYSE:LMT) Aviation Systems vice president, said that “The aircraft offers significantly reduced operational and logistics costs compared to transporting cargo by convoy or manned helicopter” Best Buy (NYSE:BBY) Best Buy (NYSE:BBY) has offered Bell Samsung Galaxy S mobile for an amazing price of $0.00. Since the mobile is launching officially on Monday, Best Buy (NYSE:BBY) is offering the first handset at this unbelievable price, a weekend sale for 3 days in Canada. The company is also offering a three-year contract with the mobile that is sure to attract the attention of buyers across the globe. The only issue that bothers the online buyers is that they will have to go to the store to get the phone at the special price. We could possibly see more movement when trading continues for Bank of America Corp. (NYSE:BAC), Lockheed Martin (NYSE:LMT) and Best Buy (NYSE:BBY).
tdp2664
E money daily