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Stock Market & Financial Investment News

News Breaks
December 5, 2012
07:13 EDTGSATGlobalstar returns satellite to commercial service
Globalstar announced that, it has returned to commercial service the satellite affected by the momentum wheel issue. This satellite was originally launched in October 2010 and removed from service in early 2011. As a result, all 18 of Globalstar's launched second-generation satellites are now providing commercial service.
News For GSAT From The Last 14 Days
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November 19, 2014
13:10 EDTGSATDISH, Globalstar climb as wireless spectrum bids reportedly jump
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07:19 EDTGSATSpectrum auction positive for DISH, Globalstar, says JPMorgan
JPMorgan notes the AWS-3 spectrum auction continued on Tuesday with the aggregate value of licenses with bids at $16.4B, up from Monday's $8.9B and compared to the reserve price of $10.6B that the FCC set for the entire auction. The firm views the rise in prices as negative for telecom carriers that are spending more than expected, namely AT&T (T) and Verizon (VZ), and possibly T-Mobile (TMUS) and US Cellular. It views the prices as positive for independent spectrum owners like DISH (DISH) and Globalstar (GSAT), as well as tower companies American Tower (AMT), SBA Communications (SBAC) and Crown Castle (CCI).
November 12, 2014
09:41 EDTGSATGlobalstar chairman Monroe III buys 175K shares
Globalstar chairman James Monroe III bought 175K shares of the company's stock at a price of $2.65 each on November 11, according to a regulatory filing.

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