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Stock Market & Financial Investment News

News Breaks
December 17, 2013
07:00 EDTT, FTRAT&T to sell Connecticut wireline operations to Frontier for $2B
News For T;FTR From The Last 14 Days
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April 22, 2014
10:02 EDTTBofA/Merrill's telecom analysts hold an analyst/industry conference call
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10:00 EDTFTROn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: CommonWealth REIT (CWH) downgraded to Sell from Hold at Stifel... Del Frisco's (DFRG) downgraded to Market Perform from Outperform at Raymond James... Deutsche Bank (DB) downgraded to Neutral from Buy at UBS... Diageo (DEO) downgraded to Market Perform from Outperform at Raymond James... Eni SpA (E) downgraded to Neutral from Buy at UBS... Fidelity & Guaranty Life (FGL) downgraded to Neutral from Outperform at Credit Suisse... Frontier Communications (FTR) downgraded to Hold from Buy at Gabelli... QEP Resources (QEP) downgraded to Equalweight from Overweight at Barclays... Rogers Communications (RCI) downgraded to Sell from Hold at Canaccord... Rush Enterprises (RUSHA) downgraded to Underperform from Buy at BofA/Merrill... TSMC (TSM) downgraded to Neutral from Overweight at HSBC... Valero (VLO) downgraded to Neutral from Buy at BofA/Merrill... Wisconsin Energy (WEC) downgraded to Fair Value from Buy at CRT Capital... Zillow (Z) downgraded to Fair Value from Buy at CRT Capital... Zions Bancorp (ZION) downgraded to Equal Weight from Overweight at Evercore.
09:42 EDTTAT&T fiber build an incremental positive for Calix, says UBS
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09:22 EDTFTRFrontier Communications downgraded to Hold from Buy at Gabelli
09:07 EDTTAT&T, Chernin create venture to acquire, invest in, launch online video business
AT&T and The Chernin Group, which manages and invests in media businesses around the world, announced the formation of a venture to acquire, invest in and launch over-the-top video services. The Chernin Group and AT&T have committed over $500M in funding to the venture. Further financial terms of the transaction have not been disclosed. This alliance positions AT&T and The Chernin Group to take advantage of the rapid growth of online video and OTT video services, with each party bringing significant and complementary strengths. The strategic goal of this initiative will be to invest in advertising and subscription VOD channels as well as streaming services.
09:06 EDTTAT&T, Chernin create venture to acquire, invest in, launch online video business
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07:16 EDTTiPhone sales could be hurt by fading phone subsidies, WSJ reports
Sales of Apple's (AAPL) iPhones may be further pressured as carriers make faster progress in transitioning customers away from subsidies, the Wall Street Journal reports. U.S. wireless carriers like T-Mobile US (TMUS) and AT&T (T) have been having more success than expected in moving customers to non-subsidy plans, a transition that could harm sales of expensive handsets such as the iPhone. Reference Link
07:10 EDTTNetflix blames AT&T for below-average streaming speeds, Bloomberg says
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April 21, 2014
15:13 EDTTAT&T April weekly volatility at 25 into Q1 and outlook
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13:12 EDTTEarnings Preview: AT&T sentiment mixed ahead of Q1 report
AT&T (T) is expected to report Q1 earnings after the market close on Tuesday, April 22, with a conference call scheduled for 4:30 pm ET. AT&T is a global telecommunications company offering wireless and long distance services. EXPECTATIONS: Analysts are looking for EPS of 70c on revenue of $32.41B, according to First Call. The consensus range for EPS is 64c-74c on revenue of $31.96B-$33.24B. LAST QUARTER: AT&T reported Q4 adjusted EPS of 53c against estimates for 50c, on revenue of $33.2B against estimates for $33.06B. Q4 postpaid churn was reported at 1.11%. AT&T reported the following in Q4: more than 500,000 branded smartphone net adds, including postpaid and prepaid; wireless operating income $1.4B; total postpaid ARPU up 2.1%; net increase in total wireless subscribers 809,000; connected device adds 398,000. On its Q4 earnings report, the company forecast FY14 adjusted EPS growth in the mid-single digits compared to a consensus at the time of $2.67. It expected FY14 revenue growth of 2%-3%, compared to the then consensus of $131.12B. On March 31, the board of AT&T authorized the repurchase of up to 300M shares, representing approximately 6% of AT&T common shares outstanding, with no expiration date. Due to the large share buyback program, The New York times noted that AT&T would be less likely to make a bid for Vodafone (VOD), something that had been speculated throughout the quarter. STREET RESEARCH: Street research has been mixed in the weeks leading up to AT&T's Q1 earnings report. On February 11, Drexel Hamilton initiated AT&T with a Buy rating and price target of $40. On March 25, HSBC downgraded AT&T to Neutral from Overweight based on expectations for increased industry price competition and a peak margin expansion. The firm lowered its price target on the shares to $35 from $39. PRICE ACTION: AT&Tís shares are up approximately 6% since the company's Q4 report, but are down about 6% from year ago levels. In early afternoon trading ahead of tomorrow's Q1 report, AT&Tís shares are trading near the flat line.
12:06 EDTTAT&T to expand GigaPower web service to up to 100 cities
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April 20, 2014
17:11 EDTTVerizon, AT&T may be limited in upcoming spectrum auction, WSJ says
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April 17, 2014
07:46 EDTTAT&T to possibly sit out of U.S. spectrum auction, Reuters says
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April 16, 2014
11:08 EDTTAT&T, Volvo partner for in-car wireless connectivity
AT&T and Volvo Cars have entered into a new multi-year agreement to enable future Volvo vehicles in the U.S. and Canada with high speed wireless connectivity. AT&T is scheduled to power Volvo's US 2015 model year connected car solution with Sensus Connect, an embedded infotainment service. Volvo customers in the U.S. and Canada will also have access to Volvo On Call, a service allowing remote access to car functions and an emergency crash notification service. Volvo plans to enable cars with AT&T on-board for sale this summer. As a telematics leader, AT&T already provides a variety of vehicle solutions to automobile manufacturers around the world. Volvo's solution incorporates AT&T's Single SIM platform to provide coverage in the U.S. and Canada. The Single SIM, along with a world-class service management platform, AT&T Control Center powered by Jasper Wireless, arms Volvo with the ability to manage wireless device deployment and operations across markets with advanced diagnostic tools and smart alerting.
April 14, 2014
09:10 EDTTT-Mobile CEO starts petition for consumers to call on peers to end overages
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09:05 EDTTT-Mobile abolishes consumer overages, challenges other providers to follow suit
T-Mobile (TMUS) announced a campaign to eliminate overage penalties, one of the most reviled wireless industry practices. While abolishing overages for all customers on T-Mobile consumer plans, its CEO has also laid down a challenge to the nation's largest carriers, AT&T (T), Verizon (VZ) and Sprint (S), to do the same.
April 11, 2014
07:26 EDTTTime Warner struggling to force Dodgers network on pay-TV players, LAT say
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April 10, 2014
06:29 EDTTAT&T in talks to bring ultrafast internet to North Carolina, WSJ reports
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April 9, 2014
15:17 EDTFTRFrontier Communications ratifies contract with New York workers
Employees of Frontier Communications in Monroe, New York, represented by the International Brotherhood of Electrical Workers Local 503, recently ratified a customer service-focused labor agreement with the company. The employees ratified the agreement on March 27.
11:15 EDTTT-Mobile unveils $40 monthly price plan called 'Simple Starter'
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