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Stock Market & Financial Investment News

News Breaks
June 20, 2014
06:58 EDTS, TMUS, SFTBFSprint nears over $40B T-Mobile agreement financing, Reuters says
Sprint (S) arranged eight banks to fund its proposed takeover of T-Mobile (TMUS) U.S., getting nearer to an agreement that would combine the third- and fourth-biggest U.S. mobile operators, according to Reuters, citing people familiar with the matter. The sources said that the debt package surpasses $40B and includes a bridge loan of approximately $20B from Softbank (SFTBF) to Sprint, as well as some $20B refinancing of T-Mobile's existing debt. Reference Link
News For S;TMUS;SFTBF From The Last 14 Days
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August 18, 2014
19:41 EDTTMUS, SSprint CEO says regulators weren't set on industry consolidation, Bloomberg says
Sprint (S) recently dropped its bid seeking control of competitor T-Mobile (TMUS).
18:33 EDTTMUS, SSprint introduces Sprint Family Share Pack data plan, doubles high-speed data
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18:04 EDTSSprint to offer $100/month 20GB shared data plan through 2015, Bloomberg reports
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11:06 EDTSFTBF, SSoftBank chooses Sharp as low-cost smartphone partner, WSJ reports
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08:47 EDTS, TMUSRaymond James to hold a summit
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August 15, 2014
06:15 EDTTMUS, SSprint's new CEO to introduce 'disruptive' prices next week, Re/code reports
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August 14, 2014
14:13 EDTSOmega Advisors gives quarterly update on stakes
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12:01 EDTTMUSThird Point gives quarterly update on stakes
NEW STAKES: Rackspace (RAX), Finisar (FNSR), Amgen (AMGN), Ally Financial (ALLY), and AstraZeneca (AZN). INCREASED STAKES: Dollar General (DG) and Dow Chemical (DOW). DECREASED STAKES: FedEx (FDX), Hertz (HTZ), T-Mobile (TMUS) and Intrexon (XON). LIQUIDATED STAKES: Google Class A (GOOGL), Verizon (VZ) and Mondelez (MDLZ).
09:07 EDTTMUS, SMorgan Stanley to hold a conference
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05:58 EDTTMUST-Mobile CFO says Iliad offer 'flattering,' but 'inadequate,' WSJ reports
T-Mobile (TMUS) CFO Braxton Carter has called Iliad's (ILIAF) proposal to buy 57% of the company for $15B "very flattering," but "inadequate," the Wall Street Journal reports, citing comments made at an investor conference. Carter added, "I think rarely people come with their best bid to start." Reference Link
August 13, 2014
10:01 EDTTMUST-Mobile files petition for reconsideration of FCC spectrum order
T-Mobile said it has filed a petition for reconsideration of the FCC's Mobile Spectrum Holdings Order. It stated, "While the Commissionís approach to mobile spectrum holdings in the upcoming 600 MHz incentive auction represents one of the most innovative and forward-thinking regulations in its eighty-year history, we seek reconsideration because the Order stops short of adopting rules sufficient to prevent the two largest incumbent carriers from dominating the market. Our petition respectfully requests the Commission adjust its rules for the incentive auction by increasing the amount of low-band spectrum reserved for competitive carriers and modifying when auction revenues would trigger access to this reserve."
06:58 EDTTMUSDish Network an 'unlikely' buyer for T-Mobile, WSJ reports
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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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August 11, 2014
18:05 EDTSSprint CEO to utilize price cuts to 'compete aggressively', Bloomberg reports
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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 EDTSSprint 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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06:08 EDTTMUS, ST-Mobile plans to overtake Sprint in total customers by end of year, CEO says
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