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Stock Market & Financial Investment News

News Breaks
February 3, 2014
05:31 EDTS, SFTBF, VZ, T, TMUSSprnt chairman Son to meet with FCC head, WSJ reports
Sprint (S) chairman Masayoshi Son is expected to meet today with the head of the FCC to emphasize consolidation in the U.S. wireless business, reports the Wall Street Journal. Son will argue for allowing mergers that would create a viable competitor to Verizon Wireless (VZ) and AT&T (T), sources say. Reference Link
News For S;SFTBF;VZ;T;TMUS From The Last 14 Days
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August 12, 2014
17:26 EDTTMUS, SDish viewed as favored T-Mobile acquirer after Sprint drops bid, Bloomberg says
Dish Network (DISH) is viewed as a favorite to acquire T-Mobile (TMUS) after Sprint (S) dropped its plans to acquire the company last week, according to Bloomberg, citing analysts at Moody's Investors Service and Macquarie Group. Being an industry outsider, Dish wouldn't reduce the number of competitors in the wireless market, which would please regulators, Bloomberg added. Reference Link
17:09 EDTSFTBFYahoo says Alibaba to sell assets relating to its SME loan business for $518M
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14:55 EDTTFrontier Communications confirms settlement with Connecticut AG over AT&T deal
Frontier Communications (FTR) announced it has reached an agreement with the Connecticut Attorney General and the Office of Consumer Counsel related to Frontierís proposed acquisition of AT&T's (T) incumbent local exchange operations and statewide fiber network that provides services to residential, commercial and wholesale customers in Connecticut. As part of the transaction, Frontier will also acquire AT&T's U-verse video and satellite TV operations in Connecticut. Highlights of the agreement state that for a period of not less than 36 months after the closing of the transaction (i) there will be no increases in the basic primary residential rate in effect for transferred exchanges as of the closing date; and (ii) where available, Frontier has agreed to offer its basic broadband and stand-alone basic broadband product at or below Frontierís current prices. In addition, Frontier has committed to incremental capital investments totaling $63M over 2015, 2016 and 2017 to expand and improve broadband in Connecticut.
08:55 EDTVZVerizon CFO says cash priorites include investing in network, dividend
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August 11, 2014
18:05 EDTSSprint CEO to utilize price cuts to 'compete aggressively', Bloomberg reports
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15:45 EDTTSpherix subsidiary settles with AT&T, files joint motion to dismiss
Spherix (SPEX) subsidiary Guidance IP has reached a settlement with AT&T (T), according to a court document filed August 7 in the U.S. District Court for the Northern District of Texas. The settlement stems from a lawsuit filed on December 6, 2013 by Spherix for infringement of its patent entitled, "System and Method for Determining the Geolocation of a Transmitter." Shares of small-cap Spherix are up 19% to $1.75 in later afternoon trading following the circulation of the court filing. Reference Link
06:01 EDTSStocks with implied volatility movement; S APC
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August 8, 2014
17:10 EDTTMUS, SMarket finishes week up slightly as earnings offset by political events
Stocks finished the week fractionally higher than where they started as strong corporate earnings reports and better than expected economic data was weighed against concerns about geopolitical issues and negative M&A news. MACRO NEWS: A few ongoing geopolitical conflicts worried investors and weighed on shares. Russia unveiled sanctions against Western countries, banning the import of a wide range of food items from the U.S, the EU and a few allied countries in response to sanctions recently enacted against it from G7 nations... President Obama authorized the bombing of rebels in Iraq and Hamas and Israel failed to reach a permanent truce... An ISM services index, the U.S. trade deficit for June, and weekly jobless claims were all better than expected. Meanwhile, the increase in unit labor costs last quarter came in below the consensus outlook, perhaps easing fears that the Fed will need to raise interest rates sooner than expected. COMPANY NEWS: On the M&A front, two huge potential deals fell through as 21st Century Fox (FOX, FOXA) withdrew its offer to acquire Time Warner (TWX) and Sprint (S) reportedly decided to end its pursuit of a merger with peer T-Mobile (TMUS)... President Obama indicated that his administration would take unilateral steps in an effort to prevent companies from carrying out tax inversion acquisitions. Among the deals or possible transactions that involve inversion are Medtronic's (MDT) acquisition of Covidien (COV), Valeant's (VRX) proposed takeover of Allergan (AGN) and Mylan's (MYL) acquisition of Abbott's (ABT) developed markets branded generics pharmaceuticals business. Meanwhile, Walgreen's (WAG) stock tumbled after the U.S. company said it would not structure its takeover of European drugstore chain Alliance Boots as a tax inversion deal... 21st Century Fox, 3D printer maker Stratasys (SSYS), chip maker NVIDIA (NVDA), brewer Molson Coors (TAP), and luxury accessories maker Coach (COH) all rose following their earnings reports. Conversely, Target (TGT), luxury accessories maker Michael Kors (KORS) and Internet coupon provider Groupon (GRPN) fell following their results or guidance... Gannett (GCI) struck a deal to acquire the remaining 73% interest in Classified Ventures, whose primary asset is the online car shopping website Cars.com, for $1.8B from the other partners in the venture, which include McClatchy (MNI), Tribune Media (TRBAA), Graham Holdings (GHC) and A. H. Belo (AHC). Gannett also announced plans to spin-off its Publishing business, which includes USA Today, through a tax-free distribution to shareholders... McDonald's (MCD) stock was little changed after the company reported that its comparable store sales fell 2.5% in July, which was significantly worse than expected. Food quality issues weighed on the fast food company's sales in Asia and as a result of the China supplier issue, the company warned its previously issued global comparable sales forecast for 2014 is now at risk. INDEXES: The Dow finished the week up 0.35% to 16,553.93, the S&P 500 rose 0.32% to 1,931.59, and the Nasdaq gained 0.41% to 4,370.90.
11:32 EDTT, VZ, SSprint is preparing to engage in fierce pricing war, WSJ reports
Sprint (S) is preparing to engage in a fierce price competition on the heels of an almost complete network revamp, according to the Wall Street Journal, citing Masayoshi Son, the CEO of parent company Softbank (SFTBY). Sprint is currently testing new pricing plans, and will utilize its "street fighter" strategies to take on larger rivals Verizon (VZ) and AT&T (T). "Price competition will intensify. Sprint will soon be ready to join the fray," Son said. Reference Link
11:32 EDTSStocks with call strike movement; WETF S
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07:56 EDTTSonus Networks upgraded to Outperform from Market Perform at Barrington
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06:08 EDTTMUS, ST-Mobile plans to overtake Sprint in total customers by end of year, CEO says
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August 7, 2014
12:04 EDTSStocks with call strike movement; SUNE S
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09:36 EDTVZActive equity options trading on open
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08:09 EDTTMUSIliad to step up pitch for T-Mobile takeover, FT says
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07:59 EDTS, TMUSDISH price target raised to $78 from $62 at Brean Capital
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06:39 EDTTMUSDeutsche says firm has no bid which sweetens T-Mobile U.S., Reuters says
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06:28 EDTS, TMUSDeutsche CEO asks for regulators help in spectrum auction, Reuters says
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06:17 EDTTMUS, SFTBF, SSoftbank shifting focus to Sprint turnaround, WSJ reports
SoftBank's (SFTBF) decision to end its pursuit of T-Mobile US (TMUS) has shifted focus to how the company will turn around Sprint (S) without the deal as well as other potential investment targets, the Wall Street Journal reports. Reference Link
05:54 EDTSStocks with implied volatility movement; RAD S
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