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Stock Market & Financial Investment News

News Breaks
February 3, 2014
11:38 EDTENT, GOGOJudge allows suit over Gogo 'monopoly' to proceed, GigaOM reports
A federal judge in San Francisco refused to throw out a class action suit brought by travelers who claim that WiFi provider Gogo's (GOGO) long-term contracts with major airlines violate anti-trust laws, according to GigaOM. Complainants in the suit say Gogo competitor Row44, a subsidiary of Global Eagle Entertainment (ENT), charges only $5 per flight, the report noted. Reference Link
News For GOGO;ENT From The Last 14 Days
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March 24, 2015
10:24 EDTGOGOGogo CAO Thomas McShane to resign
In a regulatory filing, Gogo reports that on March 20, Thomas McShane notified the company and its board that he plans to resign from his current positions as VP, controller and Chief Accounting Officer for personal reasons. McShane will remain to assist with the search for his successor and to allow for a transition of his responsibilities. The company has initiated a search to identify a CAO. McShane’s resignation effective date will depend on the date a successor is identified and the transition period required once a successor is fully engaged.
09:41 EDTGOGOGogo estimates lowered further at Morgan Stanley
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March 20, 2015
09:28 EDTGOGOGogo management to meet with JPMorgan
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March 17, 2015
16:56 EDTENTGlobal Eagle files to delay Form 10-K
Global Eagle Entertainment was unable to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2014 within the prescribed time period without unreasonable effort or expense. The Form 10-K was due to be filed not later than 5:30 p.m., EDT, on March 16. The Company encountered unexpected difficulties in making final changes to the Form 10-K prior to filing, and although the Company authorized filing prior to 5:30 p.m., EDT, on March 16, the Company encountered an unexpected technical error in the filing which resulted in its rejection by the EDGAR system. After correcting this technical error, the Company filed the Form 10-K, but the filing was not accepted by the United States Securities and Exchange Commission until 5:35 p.m., EDT

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