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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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February 26, 2015
13:00 EDTVZFCC votes in favor of adopting net neutrality proposals
The Federal Communications Commission voted 3 to 2 in favor of adopting new open Internet, or "net neutrality," rules. FCC Chairman Tom Wheeler has proposed that the FCC use its Title II authority to implement and enforce open Internet protections, with "bright-line" rules to ban paid prioritization and the blocking and throttling of lawful content and services. However, Wheeler said his proposal will "modernize" Title II, insuring there will be no rate regulation, no tariffs, and no last-mile unbundling. Major Internet Service Providers, including AT&T (T), Comcast (CMCSA), and Verizon (VZ), have opposed FCC Chairman Wheeler's proposals to treat Internet service similar to a utility. Other companies that provide Internet services include Time Warner Cable (TWC), CenturyLink (CTL), DIRECTV (DTV), Cablevision (CVC) and Lumos Networks (LMOS). Netflix (NFLX) has strongly supported open Internet provisions. Cogent Communications (CCOI) and Level 3 Communications (LVLT) are facilities-based providers of Internet access and Internet Protocol communications services that are likely to be impacted by FCC rules on net neutrality.
12:55 EDTVZFCC Chair says open Internet proposals not a plan to control the Internet
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09:25 EDTGOGOOn The Fly: Pre-market Movers
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07:35 EDTGOGOGogo sees FY15 revenue $490M-$510M, consensus $491.48M
Sees FY15 CA-NA revenue $300M-$320M; Sees FY15 BA revenue $170M-$180M; Sees FY15 CA-ROW revenue $15M-$20M. Sees FY15 adjusted EBITDA $15M-$25M. Sees FY15 Cash CapEx $100M-$120M.
07:35 EDTGOGOGogo reports Q4 EPS (28c), consensus (31c)
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07:32 EDTVZThe FCCto hold an open commission meeting on net neutrality
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February 25, 2015
09:16 EDTGOGOGogo selected by Delta Air Lines for in-flight connectivity
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February 24, 2015
12:13 EDTVZU.S. Cellular lowering prices on shared connect plans
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February 23, 2015
12:28 EDTVZGoogle reaches deal with wireless carriers, acquires Softcard tech, Re/code says
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09:02 EDTVZVerizon to sell BlackBerry Classic for $100, CrackBerry says
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February 20, 2015
13:56 EDTVZAT&T VP critical of Dish auction tactics
AT&T (T) VP of Federal Regulatory Joan Marsh stated in a post to a corporate blog that FCC Auction 97 represents "hard evidence that there is significant continuing interest in licensed spectrum... It didn't matter that it was mid-band spectrum. It mattered only that it was broadband spectrum." Marsh notes that Dish (DISH) won more licenses than any other bidder though "none of that spectrum is currently supporting commercial wireless services," with her suggestion being that "auctions should be designed to ensure that licenses go to those willing to deploy networks Ė not speculators or stockpilers...The government should continue to place a high priority on allocating new licensed bands to the wireless industry." Marsh continues her analysis of Dish, claiming the double and triple-bidding activity carried out by its two designated entities "circumvented auction activity rules, masked actual demand and distorted the auction," as they were able to win significant allocations while enjoying a 25% small business discount. In response to Dish claims that all companies use DEs, Marsh replies that "in more recent auctions... bidders like AT&T, Verizon (VZ) and T-Mobile (TMUS) had no DE relationships, participated directly and paid full price for their licenses." Reference Link
February 19, 2015
06:24 EDTVZVerizon names John Stratton as head of wireless and wireline operations
Verizon said in a filing that on February 17, the company reorganized its operating structure. John G. Stratton, formerly Verizonís EVP and President Ė Global Enterprise and Consumer Wireline, has been appointed to a new role as EVP and President of Operations, with operational responsibility for Verizonís wireless and wireline businesses. Stratton will continue to report to Lowell C. McAdam, Chairman and CEO of Verizon. Daniel S. Mead, formerly Verizonís EVP and President and CEOĖ Verizon Wireless, has been appointed to a new role as EVP and President of Strategic Initiatives, with responsibility for directing the transfer of Verizonís wireline operations in California, Florida and Texas to Frontier Communications Corporation. Mead will continue to report to McAdam. Mead expects to retire following the completion of the strategic initiatives on which he is working.
February 18, 2015
07:13 EDTVZNational Association of Regulatory Utility Commission to hold a meeting
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February 17, 2015
18:06 EDTVZPaulson & Co gives quarterly update on stakes
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16:22 EDTVZOn The Fly: Closing Wrap
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16:00 EDTVZOptions Update; February 17, 2015
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10:41 EDTVZCablevision downgraded to Sell from Neutral at UBS (pre-open)
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10:39 EDTVZCablevision sinks after analyst sees Verizon threat, cuts to sell
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09:58 EDTVZVerizon says 'pleased' with 181 spectrum licenses acquired for $10.4B
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06:15 EDTVZCiti sees three options for DISH, including sale to Verizon
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