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Stock Market & Financial Investment News

News Breaks
February 11, 2014
05:43 EDTVOD, MGIMoneyGram, Vodafone announce global agreement
Vodafone (VOD) and MoneyGram (MGI) have teamed up to enable consumers to transfer funds directly from around 200 countries to the millions of users of M-Pesa. This service will be launched in key markets during Q2, with additional roll-out planned throughout the remainder of the year. The agreement will allow consumers who visit MoneyGram’s 334,000 agents across the globe to send funds directly to M-Pesa accounts. MoneyGram customers can also transfer money to an M-Pesa user through moneygram.com or via a mobile app, available on iPhone, Android and Windows 8 phones.
News For MGI;VOD From The Last 14 Days
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April 21, 2014
13:12 EDTVODEarnings Preview: AT&T sentiment mixed ahead of Q1 report
AT&T (T) is expected to report Q1 earnings after the market close on Tuesday, April 22, with a conference call scheduled for 4:30 pm ET. AT&T is a global telecommunications company offering wireless and long distance services. EXPECTATIONS: Analysts are looking for EPS of 70c on revenue of $32.41B, according to First Call. The consensus range for EPS is 64c-74c on revenue of $31.96B-$33.24B. LAST QUARTER: AT&T reported Q4 adjusted EPS of 53c against estimates for 50c, on revenue of $33.2B against estimates for $33.06B. Q4 postpaid churn was reported at 1.11%. AT&T reported the following in Q4: more than 500,000 branded smartphone net adds, including postpaid and prepaid; wireless operating income $1.4B; total postpaid ARPU up 2.1%; net increase in total wireless subscribers 809,000; connected device adds 398,000. On its Q4 earnings report, the company forecast FY14 adjusted EPS growth in the mid-single digits compared to a consensus at the time of $2.67. It expected FY14 revenue growth of 2%-3%, compared to the then consensus of $131.12B. On March 31, the board of AT&T authorized the repurchase of up to 300M shares, representing approximately 6% of AT&T common shares outstanding, with no expiration date. Due to the large share buyback program, The New York times noted that AT&T would be less likely to make a bid for Vodafone (VOD), something that had been speculated throughout the quarter. STREET RESEARCH: Street research has been mixed in the weeks leading up to AT&T's Q1 earnings report. On February 11, Drexel Hamilton initiated AT&T with a Buy rating and price target of $40. On March 25, HSBC downgraded AT&T to Neutral from Overweight based on expectations for increased industry price competition and a peak margin expansion. The firm lowered its price target on the shares to $35 from $39. PRICE ACTION: AT&T’s shares are up approximately 6% since the company's Q4 report, but are down about 6% from year ago levels. In early afternoon trading ahead of tomorrow's Q1 report, AT&T’s shares are trading near the flat line.
12:47 EDTMGIOn The Fly: Midday Wrap
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12:00 EDTMGIMoneyGram falls 15.3%
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10:54 EDTMGIMoneyGram continues sell off with Wal-Mart entering space
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10:01 EDTMGIOn The Fly: Analyst Downgrade Summary
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10:00 EDTMGIMoneyGram falls 9.5%
MoneyGram is down 9.5%, or $1.40, to $13.41
07:42 EDTVODGreek partner seeks GBP1.1B from Vodafone over broken deal, Telegraph says
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05:34 EDTMGIMoneyGram downgraded to Market Perform from Outperform at JMP Securities
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April 19, 2014
21:07 EDTVODVodafone and France's SFR assessing network-sharing venture, WSJ says
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April 17, 2014
16:31 EDTMGIOn The Fly: Closing Wrap
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12:46 EDTVODVodafone, Netflix in talks on content deal, Bloomberg says
Vodafone (VOD) is in early stage talks with Netflix (NFLX) to offer Vodafone customers free access access to its streaming service for a period of time, according to Bloomberg, citing three people familiar with the talks. Reference Link
12:00 EDTMGIMoneyGram falls 15.6%
MoneyGram is down 15.6%, or $2.81, to $15.16
10:40 EDTMGIMoneyGram, Western Union retreat after Wal-Mart launches competing service
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10:30 EDTMGIMoneyGram shares attractive with 13% of sales at risk, says Wells Fargo
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10:29 EDTMGIWestern Union transfer share not materially hurt by Wal-Mart, says Sterne Agee
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10:00 EDTMGIMoneyGram falls 13.5%
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09:15 EDTMGIMoneyGram, Western Union slide after new money-transfer service from Wal-Mart
Shares of MoneyGram (MGI) are down 12.5% in pre-market trading and Western Union (WU) is down over 5% after Walmart (WMT) and Ria, a subsidiary of Euronet Worldwide (EEFT), announced the launch of Walmart-2-Walmart Money Transfer Service. Walmart said the service allows customers to transfer money to and from more than 4,000 Walmart stores nationwide for "up to 50% less than similar offerings on the market." Euronet shares are up nearly 8% before the open of the broader market, while Wal-Mart shares are fractionally higher.
09:11 EDTMGIMoneyGram volatility expected to move on Walmart offering money-transfer service
MoneyGram (MGI) option implied volatility is expected to move on Walmart (WMT) announcing its own money-transfer service. Overall option implied volatility of 37 is near its 26-week average according to Track Data, suggesting non-directional price movement.
07:32 EDTMGIMoneyGram to host conference call
Conference call to discuss Walmart's announcement of new service offering will be held on April 17 at 9 am. Webcast Link
April 10, 2014
06:53 EDTVODVodafone acquires stake in India unit for $1.5B, Bloomberg says
Vodafone will acquire Piramal Enterprises' stake in its India mobile-phone unit for $1.5B as the company ups its investments in the world’s quickest growing smartphone market, according to Bloomberg, citing a company statement from Piramal. Reference Link
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