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Stock Market & Financial Investment News

News Breaks
April 25, 2011
05:31 EDTVZ, TMRKTerremark date for settlement of litigation of Verizon acquisition is Jun 21
Terremark Worldwide, Inc., a subsidiary of Verizon Communications Inc., announced that the Delaware Court of Chancery will hold a hearing on June 21 to consider the proposed settlement of litigation brought in connection with Verizonís acquisition of Terremark. In accordance with an April 8 scheduling order issued by the court, notice of the settlement, which was announced in February, will be mailed to all members of the settlement class, namely those persons and entities that held Terremark common stock at any point between and including October 1, 2010, and April 11, 2011. There can be no assurance that the court will approve the settlement. If it is not approved, Terremark, Verizon and the other defendants intend to defend vigorously against the claims. All of the defendants continue to deny all allegations of wrongdoing, fault or liability made in the litigation and have entered into the settlement solely to avoid the substantial burden, expense, inconvenience and distraction of continued litigation, and to resolve the claims against them fully and finally.
News For TMRK;VZ From The Last 14 Days
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November 18, 2015
11:33 EDTVZSprint announces launch of LTE Plus network
In celebration of the launch of its new LTE Plus network, Sprint (S) is introducing the biggest wireless offer in U.S. history - 50% off the price of most Verizon (VZ), AT&T (T) and T-Mobile (TMUS) rate plans, the company says. New customers can sign up for this offer nationwide Nov. 20 through Jan. 7, 2016. LTE Plus, available today in 77 major markets, takes advantage of Sprint's rich triband spectrum portfolio, and it uses some of the world's most advanced technologies in wireless, such as carrier aggregation and antenna beamforming. Customers who switch get 50 percent off most current rate plan prices from their current carrier. AT&T, T-Mobile and Verizon customers switching to Sprint also can take advantage of iPhone Forever, where they are eligible to upgrade every time a new iPhone launches. Customers must port one line, and can add up to 9 additional lines on the account. Customers must choose from the 50 percent off rate plans available from their current carrier. Cricket and MetroPCS customers also can switch and save 50 percent off their parent company's postpaid rates. 50 percent off pricing remains valid until Jan. 8, 2018, for activations between Nov. 20, 2015, and Jan. 7, 2016.
November 12, 2015
19:41 EDTVZAT&T, Verizon ask FCC to limit Charter/Time Warner Cable merger, Bloomberg says
A trade group for AT&T (T) and Verizon (VZ) petitioned the FCC to limit Charter's (CHTR) coordination with other cable companies if the merger with Time Warner Cable (TWC) is allowed to proceed, reports Bloomberg. USTelecom also asked the FCC for restrictions on John Malone, Charter's largest shareholder. Reference Link

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