Stocks In News: Sanofi SA, Nokia Corporation , Bank of America Corp

Lakeway, TX -- (SBWIRE) -- 02/26/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Sanofi SA (ADR) (NYSE:SNY) stock declined 0.62% to $46.39. The company, on Feb. 5, announced that with Regeneron Pharmaceuticals Inc the European Commission (EC) has granted marketing authorization in the European Union for ZALTRAP 25mg/ml concentrate for solution for infusion in combination with irinotecan/5-fluorouracil/folinic acid (FOLFIRI) chemotherapy in adults with metastatic colorectal cancer (mCRC) that is resistant to or has progressed after an oxaliplatin-containing regimen. This decision was based on the efficacy and safety results of the VELOUR Phase 3 trial.

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Nokia Corporation (ADR) (NYSE:NOK) shares dropped 1.10% to $3.59 in the early hour. The company’s CEO, Steven Elop, this week outlined what is being described as a coherent vision and strategy for addressing the challenges in connecting the next billion users in this morning’s keynote session at MWC 2013.

Additionally, the company announced that Nokia Life, one of the most popular mobile services for high growth markets, will launch in Kenya, one of Africa’s largest economies.

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Bank of America Corp (NYSE:BAC) shares gained 1% to $11.14 in the morning hour. The company will begin trading ex-dividend on February 27, 2013. A cash dividend payment of $0.01 per share is scheduled to be paid on March 22, 2013. Shareholders who purchased BAC stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 16th quarter that BAC has paid the same dividend.

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