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Stock Market & Financial Investment News

News Breaks
December 17, 2012
12:10 EDTCAB, CBOU, END, S, CPWR, CLWROn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday after a new fiscal cliff proposal made by House Speaker Boehner was rejected, but the movement on some battleground issues was viewed as progress toward a compromise. The Washington Post reported over the weekend that Obama's administration rejected Boehner's offer, which included higher tax rates on millionaires and an increase in the debt ceiling, but the proposal was viewed as a "breakthrough" among Democrats. Headlines that more talks were held at the White House between the President and the Speaker sparked the averages to their highs... ECONOMIC EVENTS: In the U.S., a benchmark for New York state manufacturing, the New York Fed's Empire State Survey, came up negative for a fifth straight month. The December reading, which was forecast to move up to -1.0 from its prior -5.2 level, instead slid to -8.10. In Europe, data showed euro zone exports declined 1.4% in October from the prior month, as imports increased 0.6%. In Asia, Japan elected a new prime minister who has vowed to adopt a large stimulus package, cut interest rates and take other measures to revive growth in the nation's economy... COMPANY NEWS: Sprint (S) struck a deal to acquire the approximately 50% stake in Clearwire (CLWR) it does not already own for $2.97 per share, or $2.2B. Shares of the two companies moved in opposite directions after the announcement, with Sprint gaining about 0.25% and Clearwire declining almost 13%... MAJOR MOVERS: Among the notable gainers was Caribou Coffee (CBOU), which rose 30% after agreeing to be acquired by Germany's Joh. A. Benckiser for $16.00 per share in cash, or $340M. Also higher were shares of Compuware (CPWR), up about 15% after Elliott Management offered to acquire the company for $11.00 per share in cash, or $2.3B. Among the noteworthy losers was Endeavour (END), which fell almost 21% after research firm Global Hunter downgraded the stock to Accumulate from Buy and cut its price target on shares to $9 from $13. Also lower was Cabelas (CAB), which slipped about 5% as one of the gun retailers and gun makers seeing its stock move lower in response to intensified calls for gun control following Friday's tragedy in Connecticut... INDICES: Near noon, the Dow was up 76.32, or 0.58%, to 13,211.33; the Nasdaq was up 26.74, or 0.90%, to 2,998.07; and the S&P 500 was up 11.96, or 0.85%, to 1,425.54.
News For CLWR;S;CBOU;CPWR;END;CAB From The Last 14 Days
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January 26, 2015
06:44 EDTSSoftbank awaiting Yahoo announcement on Alibaba, WSJ says
Yahoo's (YHOO) upcoming announcement regarding its 15% Alibaba (BABA) stake and 35.5% Yahoo Japan stake may affect Softbank's (SFTBF) plans for Alibaba, reports the Wall Street Journal's Digits blog, citing an SMBC Nikko analyst. Sprint (S)-owner Softbank has a 32% stake in Alibaba and a 43% stake in Yahoo Japan. Analysts say Softbank is unlikely to purchase Yahoo's shares in either company, though a Yahoo Japan buyback is "more plausible." Reference Link
06:31 EDTSCablevision to launch cheap mobile phone service, NY Times says
Cablevision (CVC) intends to unveil later today a cheap, Wi-Fi based mobile phone service, according to The New York Times. The first service of its kind to be introduced by a cable company, the offering will include unlimited data, talking and texting worldwide for $29.95 a month, or $9.95 a month for Cablevisionís Optimum Online customers, the newspaper stated. Incumbent wireless carriers include Verizon (VZ), AT&T (T), T-Mobile (TMUS), and Sprint ()S). Reference Link
January 23, 2015
09:04 EDTSSprint guarantees T-Mobile customers $200 minimum trade in value for smartphones
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January 22, 2015
19:40 EDTSGoogle's entrance into telecommunications may not be beneficial, Re/code says
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January 21, 2015
16:28 EDTSGoogle to launch phone service with Sprint, T-Mobile, The Information says
Google (GOOG, GOOGL) is expected to reach deals to buy wholesale access to Sprint (S) and T-Mobileís (TMUS) voice and data networks in order to sell mobile phone plans directly to customers, according to The Information, citing three people with knowledge of the plans. Google, which may put itself into competition with carrier leaders Verizon (VZ) and AT&T (T) with the new service, "seems likely" to launch the offering this year, according to the report. Reference Link
January 20, 2015
06:24 EDTST-Mobile warns of unsustainable costs against cellphone giants, Re/code says
T-Mobile (TMUS) owner Deutsche Telekom (DTEGY) claims Verizon (VZ) and AT&T's (T) wealth makes true competition difficult, reports Re/code, citing statements made at Germany's DLD conference. Deutsche Telekom CEO Tim Hoettges stated the dominance of AT&T and Verizon allowed them to make huge bids at the latest midband spectrum auction to further their market lead. Hoettges also stated he was "intrigued" by last year's unsuccessful merger talks with Sprint (S), and warned that T-Mobile's $4B-$5B investment requirements per year are unsustainable. Reference Link
January 16, 2015
11:42 EDTSSprint announces expansion of Sprint Lease program
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10:12 EDTSSprint unit Virgin Mobile to offer no contract data sharing plans
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06:25 EDTCABCabela's initiated with an Outperform at Raymond James
Target $63.
January 15, 2015
15:33 EDTSRadioShack in talks for bankruptcy loan with lenders, Bloomberg says
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