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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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April 23, 2014
15:37 EDTVZFCC to propose to let ISPs charge content companies for special access, DJ says
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15:35 EDTVZNotable companies reporting before tomorrow's open
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13:21 EDTVZVerizon April weekly volatility up into Q1 and outlook
Verizon April weekly call option implied volatility is at 33, June is at 14, July and October is at 13; compared to 26-week average of 17 according to Track Data, suggesting large near term price movement into the expected release of Q1 results.
13:18 EDTVZEarnings Preview: Jefferies sees upside to 2014 consensus estimates for Verizon
Verizon Communications (VZ) is expected to report first quarter earnings before the market open on Thursday, April 24, with a conference call scheduled for 8:30 am ET. Verizon is a holding company providing communications, information and entertainment. EXPECTATIONS: Analysts are looking for earnings per share of 87c on revenue of $30.7B, according to First Call. The consensus range for EPS is 82c-92c on revenue of $30.33B-$31.05B. LAST QUARTER: Verizon reported fourth quarter adjusted EPS of 66c against estimates for 65c on revenue of $31.07B against estimates for $31.02B. For Q4, the company reported Wireless Retail Customers up 4.7% to 102.8M; Wireless Retail Postpaid Church 0.96%; 126,000 FiOS Internet and 92,000 Video net additions in Q4. On February 21, the company completed the acquisition of Vodafone's (VOD) 45% interest in Verizon Wireless. The transaction is immediately accretive to Verizon's earnings per share by approximately 10%. On March 7, Verizon's board authorized the corporation to repurchase up to 100M shares of its common stock. STREET RESEARCH: Street research has been mostly positive in the weeks leading up to Verizon's Q1 earnings report. Negative sentiment came on January 22 when Pacific Crest downgraded the stock to Sector Perform from Outperform, as it expected the company's margins to be pressured by increased competition. Research firm Jefferies has been positive on Verizon throughout the quarter. On February 20, Jefferies said Verizon should be bought following recent pullback The firm attributed the recent weakness in part to technical pressures into the Vodafone/Verizon Wireless transaction and said negative sentiment on the name was overdone. Jefferies kept a Buy rating on the stock with a $55 price target. On April 17, Jefferies said the 2014 consensus estimates for Verizon had upside given the better than expected equipment installment plans market. The firm sees 17% upside to its year-end price target of $55 and it kept a Buy rating on Verizon. PRICE ACTION: Verizon shares have traded sideways in a narrow range following the company's Q4 report. However, over the past twelve months, they are down about 9%. In afternoon trading ahead of Thursday's Q1 report, Verizonís shares are down 0.9%.
12:51 EDTVZOn The Fly: Midday Wrap
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10:21 EDTVZAT&T slumps after failing to raise profit guidance
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09:34 EDTVZActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD NFLX TSLA VZ MU WFM AMGN
April 22, 2014
10:02 EDTVZBofA/Merrill's telecom analysts hold an analyst/industry conference call
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08:01 EDTVZJacobs Engineering to acquire Verizon's FNS subsidiary
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07:16 EDTVZiPhone 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
April 20, 2014
17:11 EDTVZVerizon, AT&T may be limited in upcoming spectrum auction, WSJ says
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April 17, 2014
07:54 EDTVZVerizon 2014 consensus estimates have upside, says Jefferies
Jefferies sees upside to the 2014 consensus estimates for Verizon given the better than expected equipment installment plans market. The firm sees 17% upside to its year-end price target of $55 and it keeps a Buy rating on Verizon.
April 15, 2014
13:49 EDTVZEarnings Preview: Analysts optimistic on Intel ahead of Q1 report
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April 14, 2014
09:10 EDTVZT-Mobile CEO starts petition for consumers to call on peers to end overages
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09:05 EDTVZT-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.
07:06 EDTVZU.S. Geospatial Intelligence Foundation to hold a symposium
GEOINT 2013 Symposium, originally scheduled for October 2013, is being held in Tampa, Florida on April 14-17.
April 11, 2014
09:19 EDTVZANADIGICS ships AWC6383 dual-band ProVantage PA to Samsung
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07:26 EDTVZTime Warner struggling to force Dodgers network on pay-TV players, LAT say
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April 9, 2014
11:15 EDTVZT-Mobile unveils $40 monthly price plan called 'Simple Starter'
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