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Stock Market & Financial Investment News

News Breaks
January 23, 2014
06:28 EDTTAT&T expects Q4 gain of $7.6B for pension, benefit plans
AT&T disclosed last night that for the quarter ended December 31, 2013, it expects to record a noncash, pre-tax gain of approximately $7.6B related to actuarial gains and losses on pension and postemployment benefit plans. At December 31, the company increased its assumed discount rate to 5.0%, resulting in an actuarial gain of approximately $7.9B. Also contributing to the amount were asset gains, which were approximately $3.2B in excess of the assumed rate of return of 7.75%. Partially offsetting these gains were losses due to updated mortality and other assumptions as well as demographic changes. During the fourth quarter, AT&T said it recorded special termination and other employee-related charges of approximately $500M in its Other segment operating results. The special termination charges relate to a previously announced one-time voluntary retirement opportunity for certain management retirement-eligible employees to elect a full lump sum payment of their accrued pension if they retired as of December 30, 2013.
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August 27, 2014
06:01 EDTTAT&T's Ralph de la Vega to oversee enterprise and mobile, Re/code reports
AT&T's Ralph de la Vega has been promoted to CEO of the company's mobile & business solutions organization, Re/code confirms. Glenn Lurie, currently the CEO of AT&T Mobility, will now run the mobile unit. Andy Geisse, AT&T's business solutions head, is retiring after 35 years with the company. Reference Link
August 26, 2014
08:44 EDTTBest Buy CFO says mobile phone category 'complicated to forecast'
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August 25, 2014
11:48 EDTTAT&T, DirecTV agree to deal with DOJ paving way for merger, NY Post says
AT&T (T) has agreed with the Justice Department on terms paving the way for it to acquire DirecTV (DTV), though it could not be learned what, if any, conditions the department has placed on the merger, according to The New York Post, citing a source close to the process. Reference Link
August 22, 2014
10:15 EDTTVodafone rallies amid reports of AT&T takeover bid, FT says
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07:11 EDTTAT&T may mount bid GBP3 per share bid for Vodafone, Daily Mail reports
AT&T (T) is working on a cash bid worth over GBP3 per share for Vodafone (VOD), according to the Daily Mail. The publication says China Mobile (CHL) may be interested in taking a stake in Vodafone of up to 20%. Reference Link
August 21, 2014
13:16 EDTTT-Mobile offers free data to users who recruit new customers to its network
T-Mobile (TMUS) is offering its current Simple Choice customers a free unlimited LTE data plan upgrade for a full year when they recruit a Sprint (S), Verizon (VZ), or AT&T (T) customer to its network. The new referred customer will also receive a full year of unlimited LTE data for free as well. If a Simple Choice customer who recruits a new user to T-Mobile's network already has an unlimited LTE data plan, they will receive a $10 credit each month for twelve months. The referral plan starts August 29. Reference Link
11:49 EDTTSprint announces $60 per month unlimited wireless plan
Sprint (S) announces an unlimited wireless plan for $60. The plan provides consumers unlimited talk, text and data while on Sprint's network for $60 per month, a $20 savings compared to T-Mobile's (TMUS) $80 per month unlimited plan, the wireless carrier said. The Sprint $60 Unlimited Plan is available to both new and existing Sprint customers starting tomorrow, August 22. To qualify for the plan, customers must purchase their device through Sprint Easy Pay, pay full retail price or bring their own compatible device.
August 19, 2014
10:01 EDTTAT&T confirms plan to deliver U-verse with AT&T GigaPower in Jacksonville
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07:12 EDTTFCC looks into telecom special access line rates, Reuters says
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06:46 EDTTAT&T technology routes calls to multiple devices, Re/code says
AT&T has developed technology that sends calls from one device to many other devices, Re/code reported yesterday. Reference Link
August 18, 2014
18:33 EDTTSprint introduces Sprint Family Share Pack data plan, doubles high-speed data
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08:47 EDTTRaymond James to hold a summit
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August 15, 2014
06:15 EDTTSprint's new CEO to introduce 'disruptive' prices next week, Re/code reports
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