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Stock Market & Financial Investment News

News Breaks
February 25, 2013
04:55 EDTT, T, T, T, DOX, DOX, DOX, DOX, RIMM, RIMM, RIMM, RIMM, QCOM, QCOM, QCOM, QCOM, DCM, DCM, DCM, DCM, GM, GM, GM, GM, VOD, VOD, VOD, VOD, CHL, CHL, CHL, CHL, TI, TI, TI, TI, ERIC, ERIC, ERIC, ERICGSM Association to host a conference
Mobile World Congress 2013 is being held in Barcelona, Spain on February 25-28.
News For T;TI;CHL;VOD;GM;DCM;QCOM;RIMM;DOX;ERIC From The Last 14 Days
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September 16, 2014
17:41 EDTTAT&T indicates interest in Mexico market, WSJ says
AT&T's (T) Chief Strategy Officer, John Stankey, speaking at an investor conference, said that Mexico, a fast growing market, is of interest to AT&T and the company has the balance sheet to do a deal if an opportunity arises, says the Wall Street Journal. América Móvil (AMX,AMOV) recently said it will sell off assets in Mexico to comply with regulatory issues there, added the Wall Street Journal. Reference Link
17:32 EDTTAT&T signs agreement with Shell to upgrade unified communications platform
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16:27 EDTCHLOn The Fly: Closing Wrap
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15:59 EDTVODVodafone, EE in talks to acquire Phones 4U assets, FT reports
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13:09 EDTGMGeneral Motors to add third shift, 750 jobs at Wentzville Assembly plant
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12:19 EDTGMGM ups U.S. mid-sized pickup production, Reuters says
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12:18 EDTCHLOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday, with some attributing the move to noted Fed watcher Jon Hilsenrath of The Wall Street Journal giving the opinion that he does not believe the central bank will drop the language that interest rates will "remain low for an extended period of time" when it issues its latest policy statement tomorrow. The averages began the session in negative territory and appeared to be heading for another listless day of trading. The market drifted lower during the opening hour but the Dow and S&P crossed into positive ground and the Nasdaq eventually followed. ECONOMIC EVENTS: In the U.S., the Producer Price Index was unchanged in August, as expected. The core reading, which excludes food and energy, increased 0.1%, also matching expectations. Of note, the Fed's FOMC rate setting group kicked off its two-day policy meeting. COMPANY NEWS: Shares of Apple (AAPL) slid over 1% after Chinese-language 21st Century Business Herald reportedly said the company might not get the necessary approval to launch its new iPhone 6 models throughout China until next year after failing to come to an agreement with a regulator in the nation. Shares of China Mobile (CHL), which is buy far the largest phone carrier in China, slipped 2% after the report... Glimcher Realty Trust (GRT) surged 29% after it agreed to sell itself to fellow REIT Washington Prime Group (WPG) for $14.20 per share. Washington has agreed to buy Glimcher for about $4.3B in a cash and stock deal. Glimcher shareholders will receive $10.40 in cash and 0.1989 of a share of Washington stock upon the closing of the transaction, the companies stated. As part of the deal, Simon Property Group (SPG), which completed its separation of Washington Prime Group this May, agreed to buy two shopping malls owned by Glimcher for $1.09B in cash. Shares of fellow mall owning REITs CBL & Associates (CBL), Rouse Properties (RSE) and Pennsylvania REIT (PEI) rose following the deal announcement. MAJOR MOVERS: Among the notable gainers was Bill Barrett (BBG), which rose 12% after selling natural gas, oil and natural gas liquids assets in the Piceance Basin in Colorado for $525M to Vanguard Natural (VNR). Vanguard Natural also gained 1% following the deal announcement. Among the noteworthy losers was VirnetX (VHC), which plunged nearly 50% after an appeals court vacated a jury’s damages award in its patent case with Apple. Also lower were shares of Atlantic Power (AT), which dropped 32% after announcing that it concluded a sale or merger of the company is not in the best interests of the company or its stakeholders and the company cut its annual dividend. INDEXES: Near midday, the Dow was up 88.18, or 0.52%, to 17,119.32, the Nasdaq was up 16.11, or 0.36%, to 4,535.01, and the S&P 500 was up 11.94, or 0.6%, to 1,996.07.
11:18 EDTTITelecom Italia says mulling buyout of Oi S.A., Bloomberg says
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11:07 EDTTITelecom Italia considering buyout of Oi S.A, Bloomberg reports
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10:52 EDTCHLApple, China Mobile trade lower as iPhone 6 unlikely to debut in China this year
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09:13 EDTCHLApple may need to wait until 2015 to launch iPhone 6 in China, Bloomberg says
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08:46 EDTGMGeneral Motors concerns about Ford's new F-Series are overdone, says Goldman
Goldman believes concerns about Ford's new F-Series impact on General Motors is overdone. The analyst said investors are underestimating F-150 capacity constraints if the launch is successful, which will limit General Motors share loss.
07:27 EDTTBofA/Merrill to hold a conference
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07:26 EDTGMUltima Media to hold a conference
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07:19 EDTQCOMCompanies' share buybacks at fasttest clip since 2007, WSJ reports
Companies are buying back their own shares at its fastest pace since the financial crisis to fuel a stock rally, reports the Wall Street Journal. According to Birinyi Associates, companies have bought back $338.3B of stock in 1H14, the most since 2007. Citing an analysis by Barclays, companies with the largest buyback programs by dollar value have outperformed the broader market by 20% since 2008. Reference Link
06:54 EDTGMGM's Opel realigns Russian operations
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06:43 EDTGMNHTSA exec knocks GM for distorted recall protocol, Reuters says
The acting administrator of the National Highway Traffic Safety Administration David Friedman said that GM placed its own reputation before customer safety when it did not quickly report and recall vehicles that are now connected to at least 19 deaths, according to Reuters, citing comments from Friedman. Friedman said that he has been meeting with top worldwide car manufactures to develop a "new normal" for safety recall protocol. Reference Link
06:41 EDTQCOMQualcomm accused of bribing Chinese official, WantChinaTimes says
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06:38 EDTGMGM Opel unit to reduce production in Russia, Reuters says
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06:30 EDTGMNHTSA chief calls for 'new normal' for recalls, Detroit News reports
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