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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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January 28, 2015
13:04 EDTAMXAmerica Movil unit TracFone to Pay $40M to settle FTC charges
America Movil unit TracFone has agreed to pay $40M the Federal Trade Commission to settle charges that it deceived millions of consumers with hollow promises of “unlimited” data service. Reference Link
12:20 EDTAMXAmerica Movil unit throttling case settled for $40M, Bloomberg says
January 23, 2015
09:44 EDTNYTMichael Bloomberg may be interested in New York Times, NY Mag says
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09:39 EDTNYTMichael Bloomberg may be interested in New York Times, NY Mag says
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