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Stock Market & Financial Investment News

News Breaks
August 21, 2014
14:11 EDTGOGO, VZGogo advances after blog discusses takeover speculation
Shares of Gogo (GOGO), which provides in-flight connectivity solutions, are climbing after a blog reported that there have been rumors that Verizon (VZ) could be interested in buying the company. WHAT'S NEW: Wall Street is "buzzing" with speculation that Verizon could be interested in acquiring, partnering with, or launching a joint venture with Gogo, a blog on Runway Girl Network stated earlier today. Verizon once provided telephones on domestic flights and has always been interested in the space, the blog added. Runway Girl Network, in addition to highlighting the achievements of women in aviation, says it combines "talented aviation journalists" and "first-hand knowledge of the passenger experience" to report news. ANALYST REACTION: In a note to investors today, Wells Fargo analyst Andrew Spinola wrote that Verizon, in addition to potentially being attracted to Gogo's aviation broadband, could be interested in the company's 4 MHz of 800MHZ spectrum. 800MHz spectrum is one of the most valuable spectrum bands, according to the analyst, who said that Gogo may now be trading at a level that is about equal to the value of its underlying spectrum. But there are a number of reasons why Verizon may not buy Gogo, Spinola believes. Among these are the fact that Verizon has said that it's not interested in providing aviation wifi services. Further, with Gogo transitioning to satellite, its spectrum should eventually become available for sale, reducing the need to acquire the entire company, the analyst explained. He kept a Market Perform rating on Gogo. PRICE ACTION: In mid-afternoon trading, Gogo climbed 91c, or 5.5%, to $18.
News For GOGO;VZ From The Last 14 Days
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March 30, 2015
07:30 EDTVZAmerican Tower closes Verizon transaction
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07:28 EDTVZPalo Alto Networks to hold a security conference
Ignite 2015 is being held in Las Vegas on March 30-April 1.
06:11 EDTVZSpherix provides updates on litigation against VTech, Uniden, Verizon
Spherix (SPEX) provided an update regarding Spherix v. VTech, Case No. 3:13-cv-03494-M and Spherix v. Uniden, Case No. 3:13-cv-03496-M, both in the United States District Court for the Northern District of Texas and an update regarding Spherix v. Verizon, Case No. 1:14-cv-00721-GBL-TCB, in the United States District Court for the Eastern District of Virginia. Concerning the company's cases against VTech and Uniden, on March 19, 2015, the honorable Barbara M. G. Lynn issued a 106-page claim construction order, following the Markman Hearing which had been held on November 21, 2014. The court's order creates various discovery deadlines under the scheduling order. Most notably, the order set deadlines for the close of both fact and expert discovery. Concerning the company's case against Verizon (VZ), the trial date has been rescheduled from May 18 to August 10 at the request of the Judge, who has rescheduled all trials for the month of May.
March 26, 2015
09:02 EDTVZSamsung Galaxy S6, S6 edge to be available in U.S. beginning April 10
Samsung Electronics America (SSNLF) announced the Galaxy S 6 and Galaxy S 6 edge will be available in the U.S. beginning April 10, with pre-orders starting March 27. In the U.S., the Galaxy S 6 and Galaxy S 6 edge will be available in Black Sapphire, White Pearl and Gold Platinum -- in 32GB, 64GB and 128GB2 memory options. AT&T (T), Sprint (S), T-Mobile (TMUS), U.S. Cellular (USM) and Verizon Wireless (VZ) will carry both the Galaxy S 6 and Galaxy S 6 edge, while Boost Mobile, Cricket Wireless and MetroPCS will carry the Galaxy S 6. Samsung Experience Shops at Best Buy (BBY), as well as Amazon.com (AMZN), Costco Wholesale (COST), Sam’s Club (WMT), Target (TGT) and Walmart will also carry the Galaxy S 6 and Galaxy S 6 edge. Carriers and retailers will confirm specific pricing and availability.
March 25, 2015
05:57 EDTVZStocks with implied volatility movement; VZ PG
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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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09:05 EDTVZVerizon moves to 100G network in the U.S.
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07:47 EDTVZBrookings Institution holds a discussion
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March 23, 2015
10:08 EDTVZVerizon management to meet with Oppenheimer
Meeting to be held in Europe on March 24 hosted by Oppenheimer.
March 20, 2015
09:28 EDTGOGOGogo management to meet with JPMorgan
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March 18, 2015
13:59 EDTVZT-Mobile announces 'Un-contract,' 'Carrier Freedom' initiatives
Today, during an event held to announce Un-carrier 9.0 − Un-carrier for Business − T-Mobile (TMUS) unveiled two new major Un-carrier initiatives for consumers. First, with T-Mobile’s new "Un-contract," customers will now have more certainty in their wireless pricing than ever before. Consumers and businesses with the Simple Choice rate plan will find that rates won’t go up as long as they’re a T-Mobile customer and keep their plan − and even customers with unlimited 4G LTE will lock in their rates for a minimum of two years. The Un-carrier also launched "Carrier Freedom," a new move where T-Mobile will now cover all outstanding phone and tablet payments up to $650 per line when customers from AT&T (T), Verizon (VZ) or Sprint (S) switch to T-Mobile.
10:26 EDTVZVerizon agrees to settle 911 outage probe for $3.4M
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09:23 EDTVZVerizon may launch mobile TV service as soon as June, Bloomberg says
Verizon (VZ) has secured mobile television streaming rights with Viacom (VIA, VIAB) and DreamWorks Animation (DWA) and plans to start a mobile video streaming service as early as June, according to Bloomberg, citing a person familiar with the matter. Verizon plans to have programming from ABC (DIS), NBC (CMCSA), CBS (CBS) and Fox (FOXA) as part of the service, the report added. The Fly notes that Verizon has publicly confirmed previously that it plans to launch such a service, but has not provided many details to date.

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