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February 4, 2014
05:50 EDTBX, TStocks with implied volatility movement; T BX
Stocks with implied volatility movement; AT&T (T) 21, Blackstone (BX) 37 according to iVolatility.
News For T;BX From The Last 14 Days
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October 2, 2015
07:15 EDTBXBlackstone's Gray: Bearish market to lead to REIT takeovers, Bloomberg says
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October 1, 2015
19:15 EDTBXJPMorgan preparing $18B bid for U.K. mortgage pool, Bloomberg says
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13:37 EDTBXBerry Plastics completes purchase of AVINTIV for $2.45B
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08:03 EDTBXBlackstone completes spin-off of PJT Partners
Blackstone (BX) and PJT Partners (PJT) announced the successful completion of the previously announced spin-off of Blackstone's financial and strategic advisory services, restructuring and reorganization advisory services and Park Hill Group businesses, which have been combined with PJT Capital LP, a global independent financial advisory firm founded by Paul J. Taubman, to form an independent, publicly traded company called PJT Partners. Blackstone common unitholders of record as of the close of business on September 22, 2015 received one share of Class A common stock of PJT Partners for every 40 common units of Blackstone held on the record date. The spin-off has been structured to be tax-free to Blackstone's common unitholders for U.S. Federal income tax purposes, except to the extent of any gain or loss recognized by a common unitholder as a result of any cash received in lieu of fractional shares. Common unitholders are urged to consult their tax advisors with respect to U.S. federal, state, local and non-U.S. tax consequences of the spin-off.
September 30, 2015
13:10 EDTTAT&T says DirecTV's Audence Network now available on U-verse
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11:31 EDTTOn Track Innovations files patent infringement lawsuits against AT&T, Verizon
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10:50 EDTTAT&T, Verizon could find it hard to sell enterprise businesses, CTFN says
The wireline units of AT&T (T) and Verizon (VZ) that serve corporate customers may be viewed as good units to sell if the companies need to raise cash to help defray spectrum acquisition costs, but a small number of potential buyers and low EBITDA multiples for the units could make any such divestitures challenging, contended CTFN. Level 3 (LVLT) could be seen as a potentially interested buyer, but a source within the company told CTFN that purchasing units that are part of other companies, known as a "carve out," doesn't match the company's usual M&A strategy. Reference Link
07:20 EDTTAT&T Q3 wireless adds better than expected, says UBS
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05:38 EDTTAT&T IoT technology used by Maersk
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September 29, 2015
16:52 EDTTAT&T backs FY15 adjusted EPS view $2.62-$2.68, consensus $2.62
Backs FY15 double-digit revenue growth, consensus $153.06B. In a regulatory filing, AT&T reiterated its guidance for full-year adjusted EPS, double-digit revenue growth and continued consolidated margin expansion, even with foreign exchange pressure from the company's international operations. The company also expects capital spending to increase from second-quarter levels and free cash flow to be greater than $4.5B for the quarter. The company also reaffirmed all other full-year guidance. AT&T's wireless performance includes results from both business and consumer customers. AT&T expects more than 2M total net adds in the third quarter with gains in every customer category (postpaid, prepaid, connected devices and reseller). The company also expects positive branded voice net adds in the quarter. As a result, and with a continued focus on efficiency initiatives, the Company expects to maintain momentum in wireless service EBITDA margins. AT&T said its early integration efforts with DIRECTV are going well and are in line or better than expectations. The Company expects to report positive U.S. DIRECTV net adds in the third quarter and positive IP broadband net adds. U-verse TV subscribers are expected to decline as the Company continues to focus on satellite and high-value subscribers. The Company also said that it is changing the methodology DIRECTV used to count commercial subscribers to conform to AT&T practices. Previously, DIRECTV used a method of counting commercial customers that converted commercial accounts to an equivalent number of residential subscribers based on relative revenues per account. Under the new methodology, the Company will simply count each commercial account as one subscriber. This will reduce DIRECTV's total subscriber count by 918,600 at acquisition close on July 24, 2015. This change has no impact on historical or future revenues, EBITDA or cash flows. In International, the Company continues to show great progress in its deployment of 4G LTE in Mexico as the Company invests in that country's wireless network. AT&T is on track with reaching its end-of-year goal of covering 40 million POPs. The Company also continues its work on creating operating efficiencies for its Latin America satellite properties, even with foreign exchange pressure. AT&T will announce its full third-quarter results on Oct. 22.
12:27 EDTTAT&T may take $1.1B charge for DirecTV Venezuela assets, Reuters reports
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10:56 EDTTAT&T may take $1.1B charge for DirecTV Venezuela assets, CNBC says
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September 28, 2015
07:28 EDTTSamsung to pay customers up to $120 for buying new Galaxy phone, Verge says
Samsung's (SSNLF) new promotion in the U.S. will pay the rest of a customer's monthly payments in 2015 towards a new Galaxy S6, S6 Edge, S6 Edge+, or Galaxy Note 5, the Verge reports. The promotion will result in $120 off the price of any of those phones if users buy one under a new carrier installment plan between now and October 9, the report says. AT&T (T) will sit the promotion out, the report says. Reference Link
September 25, 2015
10:58 EDTBXBlackstone management to meet with Jefferies
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September 24, 2015
09:22 EDTTSprint to offer iPhone 6s 16GB for $1 per month
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September 23, 2015
17:41 EDTTAT&T, CSC announce hybrid cloud management platform
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16:34 EDTBXOn The Fly: Top stock stories for Wednesday
Stocks began the day in quiet fashion and remained that way during the first hour of trading. Following the release of the weekly energy inventory report, the averages moved lower and looked to be possibly setting up for another selloff. Positive comments on China's economy by its President, who is visiting the U.S., brought out buyers, who pared the market's losses. The averages finished slightly in the red in a day marked by low volume as a number of market participants may have been absent in observance of the Jewish holiday of Yom Kippur. ECONOMIC EVENTS: In the U.S., Markit's flash manufacturing purchasing manager's index was flat at 53.0 in September, which was slightly better than the expectation for it to dip to 52.8. EIA inventory data showed a 1.93M barrel fall in crude oil inventories, versus expectations for a weekly drawdown of 1.25M barrels. In China, Markit's flash manufacturing PMI fell to 47.0 in September from 47.3 last month. In Europe, Markit's composite PMI for the eurozone came in at 53.9 in the first look for September, down from 54.3 in August and below expectations for a reading of 54.1. COMPANY NEWS: Shares of Volkswagen (VLKAY) trading in New York rebounded 6.5% to $27.10 following the resignation of Chief Executive Officer Martin Winterkorn, with the company's supervisory board subsequently praising the decision and saying it will consider his replacement at a meeting Friday. Prior to the CEO change news, the stock was downgraded at research firms JPMorgan, Deutsche Bank and Natixis to hold or equivalent ratings this morning. Accounting for today's advance, U.S.-listed shares of Volkwagen are still down nearly 29% since last Friday, when the EPA publicly accused the automaker of equipping certain diesel cars sold in the U.S. with software that circumvented emissions standards... Against the backdrop of China's President Xi Jinping visiting the U.S., Boeing (BA) announced deals to sell 300 planes to three Chinese companies and set up an aircraft factory in China. The deals are possibly worth tens of billions of dollars in total and represent the largest total order the planemaker has received from Chinese companies, according to Reuters. The Wall Street Journal reported, citing people familiar with the matter, that Cisco (CSCO) plans to announce a partnership with Chinese server maker Inspur Group during President Xi Jinping's visit. MAJOR MOVERS: Among the notable gainers was First Niagara (FNFG), which advanced $1.30, or 14.5%, to $10.26 following a Bloomberg report that the company is exploring a sale. DealReporter noted that potential suitors include Toronto-Dominion Bank (TD), Huntington Bancshares (HBAN) and New York Community Bancorp (NYCB). BioMed Realty (BMR) gained $2.36, or 12.3%, to $21.54 after Bloomberg reported that the company is in talks to sell itself and has attracted attention from firms including Blackstone (BX). Heron Therapeutics (HRTX) rose $7.25, or 21.6%, to $40.81 after announcing that its Phase 2 study of HTX-011 for post-operative pain met its primary endpoint. Shares of a competitor Pacira (PCRX) declined 7.65% after the news, with several analysts remarking that Heron's data compares favorably versus Pacira's Exparel drug. Summit Midstream Partners (SMLP) declined $3.90, or 18.2%, to $17.52 following a Bloomberg report that Energy Capital Partners is seeking to sell its stake in the company. Synchronoss (SNCR) fell 10.75% to $33.37 after research firm Baird said it has become "increasingly concerned" that Verizon (VZ) is "no longer fully committed" to the white-label cloud product it offers in conjunction with the cloud services provider. INDEXES: The Dow fell 50.58, or 0.31%, to 16,279.89, the Nasdaq lost 3.98, or 0.08%, to 4,752.74, and the S&P 500 declined 3.98, or 0.2%, to 1,938.76.
11:48 EDTTSynchronoss drops after concerns raised about Verizon cloud business
After Verizon (VZ) recently reduced the amount of free cloud storage it provides to customers as part of its cost cutting efforts, analysts at Baird told investors they were "increasingly concerned" that the telecom giant is "no longer fully committed" to the white-label cloud product it offers via its agreement with cloud services provider Synchronoss Technologies (SNCR). Analysts at two other firms have issued defenses of Synchronoss in the wake of its sharp decline today. BEARISH VIEW: After Version cut its free cloud storage to 5GB from 25GB, Baird said it believed the Telco is less committed to Synchronoss' cloud offering, which the firm contended will "likely have revenue implications for 2016." The firm, which said it has had a negative bias on Synchronoss due to long-term cloud competitive concerns and the lack of growth outside of AT&T (T) and Verizon, has a Neutral rating on the cloud services provider's shares. DEFENSES: JPMorgan analyst Sterling Auty attributes today's pullback in shares of Synchronoss to the concerns raised about the potential loss of Verizon as a cloud customer. Auty, however, sees "no chance" of Synchronoss losing Verizon as a customer in the near-term since the wireless carrier recently renewed its contract with the company for multiple years. He views today's selloff as a "significant overreaction" and recommends buying Synchronoss at current levels. Also noting concerns raised about Synchronoss' potential loss of some cloud business, Wells Fargo said even if Synchronoss' cloud business exhibited zero growth in 2016 from 2015, shares would be compelling at current levels. The firm views the selloff as overdone and reiterates its Overweight rating on Synchronoss shares. PRICE ACTION: Synchronoss shares, which dipped as low as $27.86 this morning, are off their worst levels but remain down $4.65 to $32.74 in late morning trading.
10:24 EDTBXBioMed Realty surges after report of exploring sale
Shares of BioMed Realty Trust (BMR) are surging in morning trading following a Bloomberg report that said the company is in talks to sell itself. WHAT'S NEW: BioMed Realty Trust, a San Diego-based real estate investment trust with a market value of $3.9B, is exploring a sale, Bloomberg reported last night. According to sources, the company, which went public in 2004, has hired Morgan Stanley (MS) to explore a potential deal. WHAT'S NOTABLE: Bloomberg reported that BioMed Realty has attracted interest from firms including Blackstone Group (BX), explaining that buying REITs is a way for buyers like the private equity firm to put large amounts of cash to work. One source notes that talks remain ongoing and there is no guarantee a deal will be finalized. In July, Blackstone finalized an agreement to acquire shopping center REIT Excel Trust (EXL). ANALYST TAKE: Canaccord upgraded BioMed Realty to Buy from Hold following the Bloomberg report and raised its price target to $23 from $21. Analyst Paul Morgan said the M&A report highlights BioMed's "discounted" valuation to peers, reducing the emphasis on near-term earnings issues of asset sales and lease terminations. Morgan said the firm's preliminary $25 takeout valuation "could prove conservative" in case the M&A process is "competitive." Blackstone and other private equity players, Morgan said, have the "capacity" to look beyond short-term earnings challenges to extract value from REITs. PRICE ACTION: BioMed Realty Trust is up 11.7% to $21.42 in morning trading.
06:23 EDTBXBioMed Realty Trust in talks to sell itself, Bloomberg reports
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