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Stock Market & Financial Investment News

News Breaks
July 30, 2014
08:51 EDTS, WMTSprint to launch Virgin Mobile Custom at Wal-Mart on August 9
Sprint (S) subsidiary Virgin Mobile USA introduced Virgin Mobile Custom, a no-annual-contract offer with unique parental controls and the ability for customers to build personally tailored rate plans. Virgin Mobile Custom will be available exclusively to Walmart (WMT) customers at select stores beginning Saturday, Aug. 9. Under the offer, customers will purchase a designated Custom phone and activate that device on the Base plan, which comes with 20 texts and 20 voice minutes, or the Unlimited plan for $35 with unlimited talk and text, with the ability to activate up to five lines for as low as $6.98 per line per month.
News For S;WMT From The Last 14 Days
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August 4, 2015
17:00 EDTSOn The Fly: Top stock stories for Tuesday
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09:16 EDTSOn The Fly: Pre-market Movers
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07:42 EDTSSprint does not expect to raise additional capital through public markets
Sprint (S) total liquidity was $6.6B at the end of the quarter and the company had an additional $1.3B of availability under vendor financing agreements that can be utilized toward the purchase of 2.5 GHz network equipment. Sprint said it has been working with Softbank (SFTBF) and other partners in setting up a leasing company that will finance its devices leased by customers on attractive terms. These arrangements are expected to be finalized in the coming months, and Softbank is expected to be a minority equity investor in the leasing company. With additional expected expense reductions, a capital efficient deployment of the network, and funding from the proposed leasing company, Sprint currently does not expect to raise additional capital through the public debt or equity markets in the foreseeable future, nor does it currently expect to sell spectrum.
07:38 EDTSSprint raises FY15 adjusted EBITDA view to $7.2B-$7.6B from $6.5B-$6.9B
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07:37 EDTSSprint reports Q1 Sprint platform net additions of 675,000
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07:35 EDTSSprint reports Q1 EPS (1c), consensus (8c)
Reports Q1 revenue $8.03B, consensus $8.33B. Reports Q2 adjusted EBITDA of $2.1B.
August 3, 2015
17:06 EDTSSprint announces management changes, names Tarek Robbiati CFO
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13:32 EDTWMTNY AG confirms toy gun sales settlement with Amazon, Walmart, others
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11:04 EDTWMTAmazon, Wal-Mart, others settle toy gun sales probe in NY, Bloomberg says
Five retailers, including Amazon (AMZN) and Wal-Mart (WMT) have agreed to pay over $300,000 to end an investigation in New York into alleged sales of toy guns that were deemed too realistic, Bloomberg reports. Under an agreement to be officially announced later, the retailers, which also include Kmart, Sears (SHLD), and ACTA, will pay fines and create procedures to ensure that illegal toy guns are not sold in the state of New York, the report says. Reference Link
July 31, 2015
06:50 EDTSComcast, Verizon differ over terms of wireless network deal, WSJ says
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July 30, 2015
06:30 EDTSSoftBank's Arora: Still committed to turning Sprint around, WSJ reports
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July 29, 2015
11:06 EDTSSprint introduces Family Share Pack plan
With more data than T-Mobile (TMUS), and with significant savings over Verizon (VZ) and AT&T (T), Sprint (S) introduces the new Sprint Family Share Pack. Families switching to Sprint get four lines, unlimited talk, text and 10GB of high-speed data while on the Sprint network for $100/month starting July 31. Sprint says its new plan will save families $480/year over Verizon and $720/year over AT&T for virtually the same 10GB of data. Sprint says that 10GB is more than double the high-speed data in T-Mobile’s family plan.
July 28, 2015
18:08 EDTWMTWal-Mart warns suppliers to comply with labeling laws, WSJ reports
Last week, Wal-Mart sent a memo to hundreds of suppliers warning them to comply with labeling laws, noting that the amount inside a package should match what is printed on the outside, the Wall Street Journal reports. Reference Link
14:55 EDTWMTEarnings Watch: MasterCard reports after peers warn of currency headwinds
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July 24, 2015
06:37 EDTWMTWal-Mart increases offerings in baby category
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July 23, 2015
19:24 EDTWMTWal-Mart's Apple Pay competitor launching soon, Bloomberg says
CurrentC, the mobile payment application funded by Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and others, will see an early trial run next month, Bloomberg reported earlier, citing three people familiar with the situation. A spokesperson for Lowe's (LOW) said the consortium behind the app expects an official launch in Q3, and Bloomberg noted that CurrentC will compete with more "established" offerings such as Apple's (AAPL) Apple Pay and Google's (GOOG) Android Pay. Reference Link
07:22 EDTSSprint price target lowered to $3 from $4 at Jefferies
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05:08 EDTWMTWal-Mart acquires remaining shares of Yihaodian
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July 22, 2015
13:25 EDTWMTWal-Mart to end overnight hours at certain stores, Bloomberg reports
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08:38 EDTWMTNRF cuts 2015 retail sales growth forecast to 3.5% from 4.1%
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