Microsoft Corporation (NASDAQ:MSFT): Current price $31.73
Over the weekend, Microsoft discounted its Surface Pro tablet by 10 percent, in response to recent, sizable reductions to its Surface RT costs. The price reduction on the product lowers the cost of the 64- and 128-gigabyte models by $100 apiece in the United States. Some regions do not seem to have seen Surface Pro price cuts so far, but the United States, Canada, Hong Kong, and Taiwan are all showing reductions on both models. The new Surface Pro price follows a recent 30 percent discount on Microsoft’s Surface RT tablets. The wording on Microsoft’s Surface site seems to suggest that this Surface Pro price cut is permanent, according to The Verge.
Bank of America Corp. (NYSE:BAC): Current price $14.80
On Monday, Bank of America Merrill Lynch announced increased functionality to the card management tool, Works. The new solution, Online Account Request, facilitates the card application process by supplying an electronic means to request a card, and also by cutting new card application processing time by up to 50 percent. By permitting cardholders to input their information directly, BofA Merrill Lynch is helping companies meaningfully shrink both the potential for errors, as well as the time necessary to identify and correct mistakes.
American International Group Inc. (NYSE:AIG)48.739
Lincoln National Corp. has recruited Gene Tannenbaum as managing director to oversee advisers, boost sales, and implement strategy in the New York and New Jersey areas. Tannenbaum served as a regional vice president at Woodbury Financial Services, the broker-dealer that AIG acquired in 2012, Lincoln said Monday, in a statement distributed by PR Newswire.
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