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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 25, 2014
16:11 EDTTFCC approves Frontier Communications acquisition of AT&T's Conneticut wire-ops
Frontier Communications (FTR) announced that the Federal Communications Commission, or FCC, has approved its proposed acquisition of AT&T’s (T) local wireline, broadband and video operations in Connecticut. The company is currently also seeking approval from the Connecticut Public Utilities Regulatory Authority, or PURA, and has already received Justice Department approval. Pending PURA approval, the company expects to close the Connecticut acquisition transaction in Q4.
July 23, 2014
18:34 EDTTOn The Fly: After Hours Movers
UP AFTER EARNINGS: Fortinet (FTNT), up 7.8%... Hanesbrands (HBI), up 5.4%... 8x8 (EGHT), up 5.1%... Infinera (INFN), up 4.9%... Facebook (FB), reverses and is now trading up 5.1% following second quarter earnings conference call. NOTABLE: Twitter (TWTR), up 1.7%, LinkedIn (LNKD), up marginally, and Yelp (YELP), up 1.6% after Facebook reports second quarter results. ALSO HIGHER: Spectranetics (SPNC), up 7.1% after receiving FDA clearance for atherectomy products, Turbo-Tandem and Turbo Elite... Ariad Pharmaceuticals (ARIA), up 7.1%... Jamba (JMBA), up 3.8% after Engaged Capital reports stake in the company and announced that they had discussions with management. DOWN AFTER EARNINGS: AT&T (T), down 1.2%... Angie's List (ANGI), down 16.4%... Tripadvisor (TRIP), down 11.5%... Orchids Paper (TIS), down 7.4%... Cirrus Logic (CRUS), down 6.6%... Cliffs Natural (CLF), down 1.2%... Teradyne (TER), down 4%. ALSO LOWER: Kandi Technologies (KNDI), down 3.8% after being mentioned negatively in a Seeking Alpha blog post.
16:08 EDTTAT&T reports Q2 wireless revenue up 3.7% versus the year-ago quarter
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16:04 EDTTAT&T sees FY14 EPS growth at low end of mid-single digit range, consensus $2.62
Sees FY14 consolidated revenue growth in the 5% range, consensus $133.93B. Sees FY14 free cash flow in the $11B range. Sees FY14 capital expenditures remaining in the $21B range.
16:02 EDTTAT&T reports Q2 EPS 62c, consensus 63c
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15:30 EDTTNotable companies reporting after market close
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15:10 EDTTAT&T jv near purchase of majority stake in Fullscreen, Re/code reports
Otter Media, the joint venture between AT&T and the Chernin Group, is near a deal to buy a majority stake in YouTube network Fullscreen that will value the company at between $200M-$300M, according to Re/code, citing sources. Reference Link
13:48 EDTTEarnings Preview: AT&T sentiment mixed ahead of Q2 report
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July 22, 2014
07:28 EDTTAT&T volatility elevated into Q2 and outlook
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July 21, 2014
10:02 EDTAMOV, AMXOn The Fly: Analyst Downgrade Summary
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08:08 EDTTAT&T awarded $275M contract U.S. Department of State
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05:49 EDTAMOV, AMXAmerica Movil downgraded to Underweight from Equal Weight at Morgan Stanley
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July 20, 2014
14:47 EDTAMX, AMOVAfter paring Mexican assets Carlos Slim may look at T-Mobile, WSJ says
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July 18, 2014
05:08 EDTAMX, AMOVAmerica Movil upgraded to Equal Weight from Underweight at Barclays
Barclays upgraded America Movil to Equal Weight citing improved visibility on carrier plans to address regulations. The firm raised its price target for shares to $24 from $20.50.
July 17, 2014
09:06 EDTTAT&T and town of Carrboro sign agreement for 1 Gigabit network
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July 16, 2014
14:03 EDTTNetflix submits FCC comments on proposed Net Neutrality rules
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13:05 EDTTVerizon, Comcast, AT&T viwed as 'logical' Time Warner bidders, Bloomberg says
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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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