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Stock Market & Financial Investment News

News Breaks
March 5, 2014
12:03 EDTSSprint announces collaboration with Recipero
Sprint announced it is teaming up with Recipero to help prevent the trade and sale of stolen consumer electronics, including Sprint smartphones. All Sprint retail buyback portals now employ Recipero’s CheckMEND online analytics tool, in addition to checking other internal and external databases, to help identify mobile devices that have been reported lost and stolen. The agreement will also provide consumers and law enforcement access to Sprint data on lost and stolen phones. In addition, Sprint is helping to eliminate trafficking in stolen mobile devices in the U.S. and abroad by submitting the respective identification numbers of all devices that have been reported to Sprint as lost or stolen into Recipero’s CheckMEND database. If a Sprint device is reported lost or stolen, Sprint will immediately disable all voice, text and data service for that device. If someone later attempts to activate that stolen phone on the Sprint network, Sprint will reject the phone as invalid.
News For S From The Last 14 Days
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August 18, 2014
19:41 EDTSSprint 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 EDTSSprint 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 EDTSSoftBank chooses Sharp as low-cost smartphone partner, WSJ reports
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08:47 EDTSRaymond James to hold a summit
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August 15, 2014
06:15 EDTSSprint'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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09:07 EDTSMorgan Stanley to hold a conference
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August 12, 2014
17:26 EDTSDish 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
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 EDTSMarket 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 EDTST-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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07:59 EDTSDISH price target raised to $78 from $62 at Brean Capital
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06:28 EDTSDeutsche CEO asks for regulators help in spectrum auction, Reuters says
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06:17 EDTSSoftbank 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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