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Stock Market & Financial Investment News

News Breaks
February 12, 2014
05:35 EDTSFTBF, S, TMUSSoftbank CEO still after a U.S. acquisiiton, WSJ reports
SoftBank (SFTBF) CEO Masayoshi Son says its Sprint (S) wireless subsidiary needs to make another acquisition in the U.S. in order to change the mobile-phone market, reports the Wall Street Journal. Sources say Son is still considering a bid for T-Mobile US (TMUS). Reference Link
News For SFTBF;S;TMUS From The Last 14 Days
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August 20, 2014
06:36 EDTTMUSIliad speaks to Google, Microsoft regarding T-Mobile offer, NY Post says
After Iliad's (ILIAF) surprise bid for T-Mobile (TMUS) was rejected, the firm is now in contact with , personnel at Google (GOOG) and Microsoft (MSFT) about working together to come up with a larger offer for the company, according to the New York Post, citing a "well-placed" source. Reference Link
August 19, 2014
12:42 EDTSOn The Fly: Midday Wrap
The market opened higher as it extended its gains from yesterday. Better than expected economic data on housing and consumer prices, as well as easing geopolitical tensions, has helped aid investor optimism. The market drifted higher throughout the morning with the Dow leading the way, followed by the Nasdaq, which is now near fourteen-year highs. The S&P is mostly higher, with the telecom services group being the lone sector showing losses, down just fractionally. ECONOMIC EVENTS: Housing starts for July rose to an annualized pace of 1.093M units, up from 0.945M units in June, and beating expectations for 0.963M units... The Consumer Price Index increased 0.1% overall, matching expectations. Less food and energy, the CPI was up 0.1%, which was also in-line with the consensus forecast. COMPANY NEWS: Shares of home improvement retailer The Home Depot (HD) are up more than 6% after the company posted better than expected second quarter results and raised its full year profit outlook... Shares of Sprint (S) are down 4% after Jefferies lowered its price target for Sprint shares to $4, saying it continues to see downside to estimates. MAJOR MOVERS: Shares of Skilled Healthcare (SKH) are up more than 20% after combining with Genesis HealthCare In 100% stock deal... Shares of cosmetics and fragrance company Elizabeth Arden (RDEN) are down 24% after the company's fourth quarter results came in well below analysts' consensus estimates. INDEXES: Near midday, the Dow was up 76.92, or 0.46%, to 16,915.66, the Nasdaq was up 12.96, or 0.29%, to 4,521.27, and the S&P 500 was up 8.49, or 0.43%, to 1,980.23.
07:39 EDTSSprint price target lowered to $4 from $7 at Jefferies
Jefferies lowered its price target for Sprint shares to $4 saying it continues to see downside to estimates. The firm expects a "muted response" to Sprint's new Family Pack pooled data plan and limited time promotion of waiving device access charges. It keeps an Underperform rating on the stock.
07:12 EDTSFCC looks into telecom special access line rates, Reuters says
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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 EDTS, TMUSSprint'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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