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Stock Market & Financial Investment News

News Breaks
March 6, 2013
07:28 EDTVZ, CY, T, RAX, LVLT, LLNW, INXN, INAP, CALL, AKAMOppenheimer to host a conference
6th Annual Cloud Computing Services 1:1 Conference is being held in New York on March 6.
News For AKAM;CALL;INAP;INXN;LLNW;LVLT;RAX;T;CY;VZ From The Last 14 Days
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July 16, 2014
13:05 EDTT, VZVerizon, Comcast, AT&T viwed as 'logical' Time Warner bidders, Bloomberg says
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12:42 EDTT, VZTime Warner said to see Verizon,Comcast, AT&T as logical bidders, Bloomberg says
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07:43 EDTTSenate Commerce, Science & Transportation Committee holds a hearing
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July 15, 2014
11:07 EDTRAXRackspace new cloud pricing a differentiator, says Wells Fargo
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09:41 EDTVZU.S. Treasury Secretary Lew to visit Verizon
Treasury Secretary Lew delivers remarks on cybersecurity and highlights the important role of telecommunications companies in supporting the financial system, as well as touring Verizon's facilities in Ashburn, Virginia on July 15 at 3:15 pm.
09:12 EDTRAXRackspace introduces new service-based pricing model
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08:03 EDTVZ, TPublic speak out on FCC 'net-neutrality' plan, WSJ says
The Federal Communications Commission's has received more than 677K comments so far from the public on its proposed 'net-neutrality' rules for how broadband providers can treat content traveling over their networks and a random sampling of the input suggests that the agency will have work to do to sell the plan, according to The Wall Street Journal. Companies that provide broadband Internet service include Comcast (CMCSA), AT&T (T), Verizon (VZ) Time Warner Cable (TWC), and Cablevision (CVC). Netflix (NFLX) sends a great deal of content over the Internet and strongly supports net neutrality. Reference Link
07:24 EDTLVLTMicrosoft to hold a conference
MSFT Worldwide Partner Conference to be held in Washington, D.C. on July 13-17.
07:15 EDTTIIR Holdings to hold a conference
14th Annual Shopper Insights in Action Conference to be held in Chicago on July 14-16.
July 14, 2014
11:17 EDTTDemand Media announces divestiture of Creativebug and CoveritLive
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10:34 EDTTAT&T joint venture acquires Creativebug from Demand Media for $10M
Otter Media, a joint venture between AT&T (T) and The Chernin Group, has acquired Creativebug from Demand Media (DMD), the companies announced earlier. Creativebug offers do-it-yourself video workshops featuring instruction from artists and designers. Demand Media confirmed in a regulatory filing earlier that it completed the sale of substantially all of the assets relating to its Creativebug business for $10.0M in cash. AT&T and The Chernin Group announced the formation of the joint venture to acquire, invest in and launch over-the-top video services previously on April 22.
10:00 EDTRAXOn The Fly: Analyst Upgrade Summary
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09:31 EDTTAT&T, EPIX reach carriage agreement
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08:32 EDTTSynchronoss acquires Voxmobili for $26M in cash
Synchronoss (SNCR) announced its acquisition of Voxmobili, a wholly owned subsidiary of OnMobile Global. Voxmobiliís customers include AT&T (T), Airtel, Everything Everywhere, France Telecom, Orange (ORAN), T-Mobile (TMUS), and Vodafone (VOD). In consideration for the acquisition, Synchronoss paid approximately $26M in cash to OnMobile Global.
08:18 EDTRAXRackspace upgraded to Neutral from Underperform at DA Davidson
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08:09 EDTCYCypress Semiconductor licenses 55-nanometer embedded Flash IP to UMC
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July 11, 2014
16:46 EDTVZStocks end week lower on European, Fed concerns
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15:00 EDTRAXChance of Rackspace strategic buyer lower if CenturyLink out, says Wells Fargo
After BrightWire said that CenturyLink's (CTL) interest in Raxspace (RAX) had faded, Wells Fargo cautioned that it is difficult to judge the validity of sources in "articles such as this." However, Wells added that if CenturyLink is actually out, that the possibility of Raxspace finding a strategic buyer could be "meaningfully" lower. The firm keeps it Outperform rating on Raxspace, citing its fundamentals.
14:08 EDTRAXRackspace drawing 'tepid' interest from potential buyers, BrightWire says
Rackspace (RAX) is receiving a "tepid" response from potential buyers, according to BrightWire, citing three sources familiar with the matter. One industry source said CenturyLink (CTL) made an initial overture, but a banking source said the interest was only casual and soon faded, according to the report. Reference Link
07:21 EDTVZVerizon Q2 postpaid net adds better than expected, says JPMorgan
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