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Stock Market & Financial Investment News

News Breaks
February 20, 2014
06:35 EDTAMX, NYTSlim to exercise NY Times Co. warrants this year, Bloomberg reports
Carlos Slim (AMX), the Mexican billionaire, plans to exercise warrants by year's end that will more than double his stake in the New York Times Co. (NYT) to as much as 19%, sources say, reports Bloomberg. Slim owns stock warrants giving him the right to buy 15.9M Times Co. shares at $6.36 apiece, about less than half their market value now. A source said when he exercises the warrants, he will hold on to the stake.Reference Link
News For AMX;NYT From The Last 14 Days
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September 29, 2014
12:51 EDTAMXAmerica Movil continues to evaluate asset sales
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September 24, 2014
13:29 EDTNYTNew York Times announces executive changes
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September 19, 2014
14:40 EDTNYTNew York Times considering more employee buyouts, Politico says
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09:13 EDTAMXAmerica Movil volatility flat as shares trend to two-year high
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September 17, 2014
15:06 EDTAMXAT&T met with Mexican telecommunications regulators, Bloomberg says
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13:34 EDTAMXAT&T could need significant debt to pursue America Movil assets, WSJ says
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September 16, 2014
17:41 EDTAMXAT&T indicates interest in Mexico market, WSJ says
AT&T's (T) Chief Strategy Officer, John Stankey, speaking at an investor conference, said that Mexico, a fast growing market, is of interest to AT&T and the company has the balance sheet to do a deal if an opportunity arises, says the Wall Street Journal. América Móvil (AMX,AMOV) recently said it will sell off assets in Mexico to comply with regulatory issues there, added the Wall Street Journal. Reference Link

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