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Stock Market & Financial Investment News

News Breaks
June 27, 2014
15:51 EDTAMOV, DTV, AMX, TAmerica 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 23, 2015
09:38 EDTTActive equity options trading on open
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06:56 EDTAMOV, AMX, TAmerica Movil downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded America Movil (AMX) to Underweight saying competition coming from AT&T (T) will drive Mexican margins lower. The firm cut its price target for shares to $17.50 from $20.50.
July 22, 2015
15:16 EDTTFCC set to deny T-Mobile request for small carrier airwave help, Bloomberg says
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15:02 EDTTOptions Update; July 22, 2015
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11:32 EDTTAT&T July weekly volatility elevated into Q2 and outlook
AT&T July weekly call option implied volatility is at 30, August is at 17, September is at 16; compared to its 52-week range of 12 to 44, suggesting large near term price movement into the expected release of Q2 results on July 23.
July 21, 2015
19:34 EDTT, DTVAT&T pleased with FCC order, sees closing DirecTV deal 'shortly' after approval
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18:54 EDTT, DTVAT&T announces Department of Justice completed review of acquisition of DirecTV
AT&T (T) released the following statement "We are pleased the Department of Justice has completed its review of our acquisition of DIRECTV (DTV). We look forward to gaining the approval of the Federal Communications Commission so we can quickly begin providing consumers with the benefits of this combination."
18:33 EDTDTV, TFCC chairman proposes to approve AT&T-DirecTV deal with conditions
In light of news reports concerning the proposed AT&T (T) and DirecTV (DTV) transaction, FCC chairman Tom Wheeler issued the following statement: "An order recommending that the AT&T-DirecTV transaction be approved with conditions has circulated to the commissioners... If the conditions are approved by my colleagues, 12.5M customer locations will have access to a competitive high-speed fiber connection. This additional build-out is about 10 times the size of AT&T’s current fiber-to-the-premise deployment... and more than triples the number of metropolitan areas AT&T has announced plans to serve. In addition, the conditions will build on the 'Open Internet Order' already in effect... First, in order to prevent discrimination against online video competition, AT&T will not be permitted to exclude affiliated video services and content from data caps on its fixed broadband connections. Second, in order to bring greater transparency to interconnection practices, the company will be required to submit all completed interconnection agreements to the Commission, along with regular reports on network performance... We will require an independent officer to help ensure compliance with these and other proposed conditions." Reference Link
18:24 EDTDTV, TFCC poised to approve AT&T acquisition of DirecTV, WSJ reports
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16:57 EDTT, DTVFCC poised to approve AT&T acquisition of DirecTV, DJ says
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July 20, 2015
06:31 EDTAMOV, AMXAmerica Movil's tower spinoff slated for Q3, Reuters reports
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July 16, 2015
19:41 EDTAMX, AMOVAmerica Movil CEO pledges $6B investment in Mexican network, Reuters says
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19:27 EDTTFCC reforms bidding rules for spectrum auctions, prohibits joint bidding
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10:45 EDTDTVNetflix price targets soar as Bernstein stays bearish
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10:04 EDTTU.S. Cellular offers 'guarantee' to beat Verizon and AT&T plans
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09:55 EDTDTVRovi trial loss immaterial to estimates, says Piper Jaffray
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05:56 EDTDTVNetflix ruling irrelevant to Rovi contract renewals, says B. Riley
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05:52 EDTDTVRuling in Netflix case a negative for Rovi, says JPMorgan
JPMorgan analyst Sterling Auty says court filings released after yesterday's market close indicate Netflix (NFLX) was granted a motion of summary invalidating all five of the remaining Rovi (ROVI) patents that were being contested. Auty expects Rovi to sell off on the news as investors consider what the ruling may do to the company's upcoming contract renewals with Comcast (CMCSA), Time Warner Cable (TWC), DirecTV (DTV) and DISH (DISH). The "big 4" choosing to litigate against Rovi is "certainly a possibility," but the companies have bigger patent infringement exposures than an over-the-top vendor like Netflix, Auty writes in a research note. He keeps a Neutral rating on Rovi.
July 15, 2015
06:57 EDTDTVBar owners sue DirecTV for overcharging for NFL Sunday Ticket, NY Post reports
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06:52 EDTDTV, TFCC ruling on AT&T-DirecTV deal could come as soon as today, CTFN says
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