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Stock Market & Financial Investment News

News Breaks
December 21, 2012
16:54 EDTT, MOTRMotricity reports notice that AT&T ended amended portal agreement
On December 17, Motricity (MOTR) received notice from AT&T Mobility (T) that AT&T is terminating the second amended and restated wireless service agreement dated July 22, 2005 between the company and AT&T, as amended, and all services thereunder effective June 30, 2012 pursuant to its right to termination for convenience thereunder. Under the portal agreement, the company hosts AT&Tís MediaNet and ATT.net portals in exchange for a monthly fee based on the number of subscribers and certain other fixed fees. In 2011 and the first nine months of 2012, the portal agreement accounted for 39% and 42%, respectively, of Motricity's revenue. This revenue contributed positively to the companyís cash flow from operations during these periods. The master service agreement, dated as of October 1, 2010, between the company and AT&T, pursuant to which the company hosts AT&Tís AppCenter storefront, remains in effect.
News For MOTR;T From The Last 14 Days
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December 19, 2014
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Global Technology Conference is being held in San Francisco on December 9-10 with webcasted company presentations to begin on December 10 at 10:40 am; not all company presentations may be webcasted.Webcast Link
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05:51 EDTTStocks with implied volatility movement; CBST T
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05:15 EDTTAT&T rebrands Alltel in Georgia
AT&T has upgraded the former Alltel retail locations in Georgia and opened them under the AT&T brand. AT&T has also upgraded the former Alltel network in Georgia to combine the strength of Alltel's local coverage with AT&T's 4G LTE network. In early 2015, more than 100,000 former Alltel wireless customers in Georgia will begin using new devices that work on AT&T's network.
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10:28 EDTTVerizon drops after warning about promotional impact on profits
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07:32 EDTTUBS to hold a conference
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December 8, 2014
18:24 EDTTOn The Fly: After Hours Movers
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December 5, 2014
06:01 EDTTTechNet: Combined AT&T/DirecTV will increase broadband development
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