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Stock Market & Financial Investment News

News Breaks
July 1, 2014
14:10 EDTTMUST-Mobile sued by FTC for alleged bogus billing
The Federal Trade Commission is charging mobile phone service provider T-Mobile USA with making hundreds of millions of dollars by placing charges on mobile phone bills for purported “premium” SMS subscriptions that, in many cases, were bogus charges that were never authorized by its customers. The FTC alleges that T-Mobile received anywhere from 35%-40% of the total amount charged to consumers for subscriptions for content such as flirting tips, horoscope information or celebrity gossip that typically cost $9.99 per month. According to the FTC’s complaint, T-Mobile in some cases continued to bill its customers for these services offered by scammers years after becoming aware of signs that the charges were fraudulent. Reference Link
News For TMUS From The Last 14 Days
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July 29, 2014
05:58 EDTTMUST-Mobile US CEO announces 10 gigabytes of data for $100 a month
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July 28, 2014
13:11 EDTTMUST-Mobile new offering substantive, says Wells Fargo
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July 20, 2014
14:47 EDTTMUSAfter paring Mexican assets Carlos Slim may look at T-Mobile, WSJ says
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July 18, 2014
09:18 EDTTMUSSoftbank hire of Arora from Google 'interesting,' says Wells Fargo
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07:08 EDTTMUSSoftbank, T-Mobile final agreement could come after late August, Kyodo News says
According to Kyodo News, Softbank's (SFTBF) buyout talks with T-Mobile (TMUS) won't be settled until after late August. Deutsche Telecom (DTEGY) is "reluctant" to accept Softbank's business plan and is seeking a new plan, industry sources say. Reference Link

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