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Stock Market & Financial Investment News

News Breaks
June 27, 2014
15:51 EDTAMX, AMOV, T, DTVAmerica Movil to acquire stake held by AT&T
America Movil (AMX, AMOV) informs that its board of directors, at an extraordinary meeting held today, authorized Inmobiliaria Carso and Control Empresarial de Capitales, both of which are America Movil’s shareholders, to acquire from AT&T (T) 5,739,341,928 Series “AA” shares representing 23.81% of AMX’s voting stock. Said shares represent 8.27% of America Movil’s capital stock. Likewise, Inmobiliaria Carso and its subsidiary Control Empresarial de Capitales informed AMX that they will acquire from AT&T 72,822,656 Series “L” shares. Upon consummation of the transaction authorized by the board, AT&T will no longer be a shareholder of America Movil. The Fly notes that AT&T previously stated that it intended to divest its interest in America Movil to facilitate the regulatory approval process in Latin America for its DirecTV (DTV) acquisition.
News For AMX;AMOV;T;DTV From The Last 14 Days
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July 16, 2014
12:42 EDTTTime 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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07:18 EDTAMX, AMOVVodafone head says unlikely interested in America Movil assets, Reuters says
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July 15, 2014
08:03 EDTTPublic 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
07:21 EDTAMX, AMOVAmerica Mobile aims to own over half of Telekom Austria, Reuters says
America Movil (AMX, AMOV) said it aims to own just over half of Telekom Austria (TKAGY) in a $1B buyout bid, giving chairman Carlos Slim a foundation to boost his presence in European telecoms, according to Reuters, citing comments from Slim. America Movil already owns close to 27% of Telekom Austria and is looking to gain an additional 23.47% of the firm's shares. Reference Link
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.
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. Voxmobili’s 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.
July 10, 2014
13:40 EDTDTVVerizon CEO calls Q2 'strong,' says not interested in satellite company
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06:18 EDTAMOV, AMXAmerica Movil seeks single buyer for up to 17% of assets up for sale, FT says
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July 9, 2014
16:40 EDTAMXOn The Fly: Closing Wrap
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15:54 EDTT, DTVDISH expresses concerns over Comcast, AT&T deals to FCC
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09:23 EDTTAT&T exec sees connectivity, healthcare at forefront of wearables, Re/code says
Glenn Lurie, who heads AT&T’s (T) emerging-business efforts, said at the MobileBeat conference that he sees wearables devices needing their own Internet connectivity to take off and that he believes healthcare-focused devices, especially those serving the aging population, as a logical starting place for such devices, according to Re/code. Lurie also predicted that wearables will explode, “just like tablets," when a device maker cracks the code to making them easier to use. Reference Link
06:34 EDTAMOV, AMXMexico feels America Movil proposal could boost competition, Reuters says
Mexico's Transport and Communications Ministry said that America Movil's plan to reduce its share of Mexico's telecommunications market below 50% could boost competition in the industry, according to Reuters, citing a statement from the Ministry. Reference Link
July 8, 2014
18:29 EDTAMX, AMOVAmerica Movil to break up Mexico unit by divesting assets, Bloomberg reports
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17:59 EDTAMOV, AMXAmerica Movil to break up Mexico unit by divesting assets, Bloomberg reports
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07:00 EDTTSprint tests discounted versions of Framily, individual plans, CNet reports
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06:59 EDTTMobile payments company Isis to change name
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