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Stock Market & Financial Investment News

News Breaks
December 23, 2013
10:46 EDTSFTBF, T, TMUS, VZ, DISH, SFirm sees greater chance T-Mobile, Sprint tie-up would be approved
After meeting with T-Mobile's (TMUS) management, Oppenheimer believes there is a two-thirds chance that a hypothetical merger between that company and Sprint (S) would be approved. Previously the firm had thought there was a 50/50 chance that such a merger would be approved by regulators. WHAT'S NEW: There is now a two-thirds chance that a merger between T-Mobile and Sprint would be approved, wrote Oppenheimer analyst Timothy Horan. T-Mobile appears ready to make the concessions necessary to receive regulatory approval for such a deal, the analyst reported. Moreover, T-Mobile management continues to believe that only by merging with Sprint can it compete more effectively with AT&T (T) and Verizon (VZ) over the long-term, according to the analyst. Horan predicts that T-Mobile will report strong fourth quarter results and he expects the company's current investments and service plan innovations to continue to pay off over the next few years. The analyst kept a $31 price target and Outperform rating on the stock. WHAT'S NOTABLE: Last week, Reuters reported that DISH (DISH) was weighing a bid for T-Mobile and could make an offer next year. Also considering a bid for T-Mobile is Japanese telecom company Softbank (SFTBF), Bloomberg reported last week. Note that Softbank is the majority owner of Sprint after a deal consummated by the two earlier this year. PRICE ACTION: In mid-morning trading, T-Mobile gained 1% to $31.32, while Sprint fell nearly 2% to $9.69.
News For TMUS;S;VZ;T;DISH;SFTBF From The Last 14 Days
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April 11, 2014
07:26 EDTT, DISH, VZTime 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
11:15 EDTTMUS, S, T, VZT-Mobile unveils $40 monthly price plan called 'Simple Starter'
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April 8, 2014
07:52 EDTT, TMUSComcast, Time Warner execs go before critic at hearing, Reuters says
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07:14 EDTVZ, TAT&T wants to force customers in Alabama town to switch to wireless, WSJ reports
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April 7, 2014
16:01 EDTVZOptions Update; April 7, 2014
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13:51 EDTTAT&T's U-verse experiencing widespread outage, Mashable reports
AT&T's U-verse service is currently experiencing a massive, nationwide outage, Mashable reports. A spokesperson for the company explains, "Due to a power-related issue triggered by a third-party at our video hub, U-verse customers may be experiencing a loss of national channels. Technicians are working to resolve the issue and we expect to have service fully restored by early afternoon. We apologize for this inconvenience." Reference Link
09:34 EDTVZActive equity options trading on open
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07:04 EDTVZCincinnati Bell to sell wireless spectrum licenses to Verizon Wireless
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April 5, 2014
19:52 EDTDISHDISH's Ergen sues Falcone over handling of LightSquared's bankruptcy, WSJ says
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April 4, 2014
12:13 EDTSSprint launches promotion, offering $650 for customers to switch, BGR reports
Sprint has begun a promotion that will offer people up to $650 to make the switch to their company, reports BGR. Through a forum member on Sprint's fan site S4GRU, the company launched a limited promotion to reimburse new customers up to $350 in early termination fees, as well as a service credit of up to $300 when they trade in their old phones. Reference Link
11:02 EDTSFTBF, TMUS, SSoftbank said to eye possible M&A opportunities in Europe, Forbes says
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08:47 EDTVZ, S, TLenovo, IBM deal investigated by U.S. over Pentagon servers, Bloomberg says
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08:07 EDTTMUS, SFTBF, SRegulators 'increasingly open' to Sprint, T-Mobile merger, says FBR Capital
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06:36 EDTTMUST-Mobile to offer $100 credit to Blackberry customers, Re/code reports
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April 3, 2014
12:20 EDTS, VZ, T, TMUSGoogle considers wireless service in Fiber markets, The Information says
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April 2, 2014
07:51 EDTS, VZ, TMUS, TSeveral communications companies could be bought, says Oppenheimer
Oppenheimer says that the following communications companies could become takeover targets: T-Mobile (TMUS), DirecTV (DTV), DISH (DISH), Level 3 (LVLT), tw telecom(TWTC), and Rackspace (RAX). The firm calls T-Mobile "a prime target," and thinks the company has several potential suitors and is best positioned to benefit from current trends. Oppenheimer expects the major surviving companies in the space to be Comcast (CMCSA), AT&T (T), Verizon (VZ), and Sprint (S). It keeps Outperform ratings on T-Mobile, Rackspace, Comcast, and Verizon. It has Perform ratings on Level 3, tw telecom, and Sprint.
07:00 EDTTMUST-Mobile to allow current customers to keep corporate discounts, Re/code says
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06:21 EDTSSprint volatility elevated at 60
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05:13 EDTTMUSBlackBerry ends T-Mobile U.S. licensing agreement
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