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Stock Market & Financial Investment News

News Breaks
April 9, 2012
08:31 EDTTAT&T to sell Advertising Solutions, Interactive to Cerberus affiliate
AT&T announced that an affiliate of Cerberus Capital Management, L.P. has agreed to acquire AT&T Advertising Solutions and AT&T Interactive. As part of the transaction, AT&T will receive a 47% equity interest in the new entity, YP Holdings LLC. The business units generated approximately $3.3B in revenues in 2011. Among other agreements, YP has agreed to honor existing union contracts. The transaction includes assets of AT&T Advertising Solutions, which delivers sales and customer support, and AT&T Interactive, which conducts interactive product development. It does not include the recently formed AT&T AdWorks, a New York-based operation that sells advertising offerings across 3-screen platforms. The transaction is subject to Hart Scott Rodino notification with the U.S. Department of Justice and is expected to close in mid-year 2012. For the business units, AT&T will receive approximately $750M in cash, subject to adjustment primarily related to timing of closing, a $200M note and a 47% equity interest in YP. AT&T expects a minimal effect on 2012 earnings from the transaction and does not expect to record a material gain or loss on the transaction.
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April 17, 2014
07:46 EDTTAT&T to possibly sit out of U.S. spectrum auction, Reuters says
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April 16, 2014
11:08 EDTTAT&T, Volvo partner for in-car wireless connectivity
AT&T and Volvo Cars have entered into a new multi-year agreement to enable future Volvo vehicles in the U.S. and Canada with high speed wireless connectivity. AT&T is scheduled to power Volvo's US 2015 model year connected car solution with Sensus Connect, an embedded infotainment service. Volvo customers in the U.S. and Canada will also have access to Volvo On Call, a service allowing remote access to car functions and an emergency crash notification service. Volvo plans to enable cars with AT&T on-board for sale this summer. As a telematics leader, AT&T already provides a variety of vehicle solutions to automobile manufacturers around the world. Volvo's solution incorporates AT&T's Single SIM platform to provide coverage in the U.S. and Canada. The Single SIM, along with a world-class service management platform, AT&T Control Center powered by Jasper Wireless, arms Volvo with the ability to manage wireless device deployment and operations across markets with advanced diagnostic tools and smart alerting.
April 14, 2014
09:10 EDTTT-Mobile CEO starts petition for consumers to call on peers to end overages
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09:05 EDTTT-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.
April 11, 2014
07:26 EDTTTime 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 EDTTT-Mobile unveils $40 monthly price plan called 'Simple Starter'
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April 8, 2014
07:52 EDTTComcast, Time Warner execs go before critic at hearing, Reuters says
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07:14 EDTTAT&T wants to force customers in Alabama town to switch to wireless, WSJ reports
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April 7, 2014
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
April 4, 2014
08:47 EDTTLenovo, IBM deal investigated by U.S. over Pentagon servers, Bloomberg says
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April 3, 2014
12:20 EDTTGoogle considers wireless service in Fiber markets, The Information says
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