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Stock Market & Financial Investment News

News Breaks
July 8, 2014
06:59 EDTVZ, TMUS, TMobile payments company Isis to change name
"Recently, we have observed with growing concern a militant group whose name, when translated into English, is Islamic State of Iraq and Syria often referenced by the acronym ISIS," Mike Abbott, the CEO of mobile payments company Isis stated yesterday on the company's website. The ISIS militant group has been linked to sectarian violence against civilians and government forces in Iraq and Syria, the CEO noted. "However coincidental, we have no interest in sharing a name with a group whose name has become synonymous with violence and our hearts go out to those who are suffering," he said. "As a company, we have made the decision to rebrand," Abbott stated. The company is working on choosing a new name, Abbott said. The company is supported by AT&T (T), T-Mobile (TMUS) and Verizon (VZ). Reference Link
News For T;TMUS;VZ From The Last 14 Days
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December 9, 2014
14:57 EDTVZTelecom equipment stocks rally after Verizon CFO comments on wireless CapEx
Telecom equipment stocks, which opened lower, rallied after Verizon (VZ) CFO Fran Shammo said he sees wireless CapEx continuing to trend upward. Shammo, speaking at the UBS 42nd Annual Global Media And Communications Conference, said, "The day we start to cut wireless CapEx is the day we start to wonder where the future of this industry is going." Ciena (CIEN), JDSU (JDSU), and Finisar (FNSR) all reversed earlier losses. PRICE ACTION: In afternoon trading, Ciena is up 1.5%, JDS Uniphase is up 3.8%, and Finisar is up 4.5%. Verizon, which was downgraded this morning to Neutral from Buy by RW Baird, is trading down almost 5%.
12:25 EDTVZOn The Fly: Midday Wrap
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10:38 EDTVZVerizon CFO Shammo says not interested in doing large international M&A deal
CFO Fran Shammo sees wireless CapEx continuing to trend up, sees wireline CapEx continuing to trend down. Says does not believe wireless CapEx will decline. Shammo commented that ""The day we start to cut wireless CapEx is the day we start to wonder where the future of this industry is going." Says dividend policy "very important." Says doesn't see share buybacks until balance sheet is delevered.
10:28 EDTVZ, T, TMUSVerizon drops after warning about promotional impact on profits
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10:27 EDTVZVerizon CFO says would sell towers for 'right price, right terms'
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10:23 EDTVZOn The Fly: Analyst Downgrade Summary
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10:17 EDTVZVerizon CFO Shammo says sees promotional pricing 'settling down' in 2015
Says Q4 has been a "pretty exciting" period, says seeing increase in activations, but seeing some increase in churn as well. Says has seen high volume in Q4 sales. Says continues to see strong momentum for wireless customer growth in Q4. Sees promotional pricing "settling down" in 2015. Shammo says social media, press has built this up as a price war; says rival's half-priced promotion "not as dramatic" as it looks. Says tablets a "tremendous" growth area for industry. Says streaming TV to mobile to begin in mid-2015. Says that over time, company believes can increase margins. Comments made at the UBS Global Media & Communications Conference. Verizon shares are down 3.8% to $47.04 in morning trading.
09:38 EDTVZActive equity options trading
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07:40 EDTVZVerizon competition increased, company should be able to respond, says Canaccord
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07:32 EDTVZ, TUBS to hold a conference
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06:32 EDTTMUSCitigroup calls on DISH to split into two companies
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06:15 EDTVZVerizon downgraded at RW Baird
As previously reported, Baird downgraded Verizon to Neutral from Outperform. The firm downgraded shares citing last night's negative pre-announcement due to increasing competitive concerns, margin pressures, higher churn, and full valuation. Price target lowered to $50 from $54.
06:01 EDTVZVerizon downgraded to Neutral from Outperform at RW Baird
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December 8, 2014
18:24 EDTTMUS, VZ, TOn The Fly: After Hours Movers
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17:05 EDTVZVerizon sees Q4 impacts of promotional offers will pressure wireless EBITDA, EPS
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16:02 EDTTMUST-Mobile files to sell 17.4M mandatory convertible preferred stock
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10:22 EDTTMUST-Mobile management to meet with Wells Fargo
Meeting with Vice President Paellmann to be held in New York on December 11 hosted by Wells Fargo.
December 5, 2014
06:01 EDTTTechNet: Combined AT&T/DirecTV will increase broadband development
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December 4, 2014
08:10 EDTVZDuPont Fabros and Verizon expand relationship with Virginia data center
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05:23 EDTVZVerizon, Cox reavh agreement to restore Fox 25 to FiOS TV
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