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Stock Market & Financial Investment News

News Breaks
February 3, 2014
11:27 EDTWTW, JCP, TMUS, GPOR, BIDOptions with increasing implied volatility: JCP BID TMUS WTW GPOR
News For JCP;BID;TMUS;WTW;GPOR From The Last 14 Days
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June 30, 2015
15:20 EDTJCPMoody's raises J.C. Penney liquidity rating to SGL-1 from SGL-2
Moody's Investors Service revised J.C. Penney's rating outlook to positive from stable. Moody's also affirmed the company's Caa1 Corporate Family Rating, and raised the company's Speculative Grade Liquidity rating to SGL-1 from SGL-2. "The rating outlook revision to positive from stable reflects Moody's view that JC Penney's operating performance has shown signs of improvement as a result of better merchandising, cost controls, and integration of its online business" said Moody's Vice President Scott Tuhy. He added, "we have seen positive momentum building for the company to achieve $700M to $800M of adjusted EBITDA, a level in which earnings would fully cover cash flow and interest". The upgrade in the Speculative Grade Liquidity rating primarily reflects the company's improved operating performance as we expect free cash flow to be near break-even levels and the company's meaningful cash balances are sufficient to cover expected seasonal working capital needs.
June 26, 2015
16:50 EDTBIDSotheby's COO will terminate employment with company August 31
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07:14 EDTWTWWeight Watchers price target lowered to $4 from $5 at Credit Suisse
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June 25, 2015
16:42 EDTTMUSFCC Chairman outlines changes to future spectrum auctions
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13:16 EDTTMUST-Mobile unveils ‘JUMP! On Demand’
In a press release earlier T-Mobile said, "The company kicked things off in a big way by amping up Un-carrier 2.0, its groundbreaking JUMP! program, and introducing the industry’s lowest monthly cost to get an iPhone 6 when you trade-in your smartphone. With T-Mobile’s new JUMP! On Demand, one low monthly phone payment covers the cost of a new smartphone and gives you the freedom to swap it for a new one absolutely anytime you like … at no extra cost. Which means you don’t pay a penny to walk out the door with your new smartphone today–not even sales tax, with qualifying credit. No fees to upgrade whenever you want, no waiting and no worries about paying off your old phone when you upgrade." “While the carriers are breaking every promise they’ve ever made with their knock-off upgrade programs, we’re racing full speed ahead, making one of our most popular moves even better,” said John Legere, president and CEO of T-Mobile. “JUMP! On Demand is the best way to get a new smartphone whenever you want. Zero out the door. Zero at upgrade. Zero fees. Zero wait. Zero BS.” Shares of T-Mobile are up 1.52% to $39.63 in afternoon trading.
June 24, 2015
10:26 EDTJCPStocks with call strike movement; TWTR JCP
Twitter (TWTR) December 40 call option implied volatility increased 1% to 44, J.C. Penney (JCP) November 20 call option implied volatility decreased 5% to 42 according to IVolatility.
June 23, 2015
19:31 EDTTMUST-Mobile petitions FCC to deny certain AT&T spectrum licenses
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16:29 EDTTMUSOn The Fly: Top stock stories for Tuesday
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June 22, 2015
15:04 EDTTMUST-Mobile could abandon DISH for Comcast, Forbes contributor says
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07:03 EDTWTWWeight Watchers to prepay portion of initial Tranche B-1 term loans
Weight Watchers commenced an offer to prepay at a discount to par up to $229M of Initial Tranche B-1 Term Loans outstanding under, and as defined in, and pursuant to the terms of, the Credit Agreement among the company, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent and an issuing bank, The Bank of Nova Scotia, as revolving agent, swingline lender and an issuing bank, and the other parties thereto. On June 22, 2015, the company accepted offers with a discount equal to or greater than 9.00% in respect of the Initial Tranche B-1 Term Loans. To complete the prepayment of the accepted offers, on June 26, 2015, the company will expend an aggregate amount of cash proceeds totaling approximately $77.2M plus an amount sufficient to pay accrued and unpaid interest on the amount to be prepaid to prepay approximately $84.9M of the Initial Tranche B-1 Term Loans, resulting in approximately $7.6 million in savings on the payment.
June 18, 2015
08:06 EDTTMUST-Mobile management to meet with Gabelli
Group breakfast with management will be held in New York on June 18 hosted by Gabelli.
June 17, 2015
17:40 EDTTMUSComcast 'isn't interested' in T-Mobile, Washington Post says
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10:22 EDTTMUSComcast not interested in pursuing T-Mobile, DJ says
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10:13 EDTTMUSDeutsche Telekom shopping T-Mobile to Comcast, FT reports
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09:55 EDTTMUST-Mobile rises, levels to watch
The stock is up 3% to $40.02 at time of writing after reports that Deutsche Telekom (DTEGY) are in talks with Comcast (CMCSA) over a possible sale of the company. At current price resistance is at $40.31, the high of the day, and then at the 52-week high at $40.77. Support is at $39.19.
07:26 EDTTMUSDeutsche Telekom, Comcast in talks over possible T-Mobile sale, Reuters says
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