Monday's Bloomberg Market Report

By: Saadia McConville Email
By: Saadia McConville Email
  • DJ Industrials: Down 9.53 to 15,238.59
  • S&P 500: Down .57 to 1,642.81
  • NASDAQ: Up 4.55 to 3,473.77

Here are the headlines from Monday's Bloomberg Market Report.

We're learning more about Apple's new line-up of products. It unveiled a new version of its operating system, called Mavericks, that integrates more tightly with iPhones and iPads. Apple also introduced its online music service, called iTunes Radio. Apple had been working on the product to compete with Spotify and Pandora.

Google is shelling out big bucks to beef up its mapping services. Sources tell Bloomberg the tech giant is buying map software provider Waze for more than $1 billion. The purchase could help Google solidify its lead in the map market over competitors like Apple.

PNC Bank will no longer offer free checking. Instead, starting August 18th, the bank will offer standard checking accounts that incur a $7 a month charge if customers don't meet certain requirements. The company says all current, free checking customers will be moved to standard checking in June of 2014.

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