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Stock Market & Financial Investment News

News Breaks
March 31, 2014
09:28 EDTTAT&T approves new 300M share repurchase authorization
The board of directors of AT&T authorized the repurchase of up to 300 million shares, representing approximately 6% of AT&T common shares outstanding, with no expiration date. This authorization is in addition to three other 300 million share repurchase authorizations approved by the board of directors in December 2010, July 2012 and March 2013. The company completed repurchases under the 2012 share authorization last year. “The board’s authorization reaffirms our confidence in the strength of the business and our commitment to returning value to our shareholders while investing in our networks and operations,” said Randall Stephenson, AT&T chairman and CEO. Under the March 2013 300 million share authorization, AT&T repurchased about 175 million of its shares through March 28, 2014. Since the company began buying back shares in 2012, AT&T has repurchased 775 million of its shares, or approximately 13% of shares outstanding. The company expects to maintain a net-debt-to-adjusted-EBITDA ratio in the 1.8 range or lower. Future repurchase decisions will be made opportunistically.
News For T From The Last 14 Days
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September 29, 2014
07:18 EDTTStarz may struggle to sell itself, WSJ reports
Starz (STRZA) may struggle to sell itself, according to the Wall Street Journal citing challenges facing standalone media companies. The publication says that the standalone networks -- Starz, AMC Networks (AMCX) and Scripps Networks (SNI) -- "lack the heft" of larger peers in negotiations regarding affiliate deals, and look "increasingly vulnerable" now that Comcast (CMCSA), Time Warner Cable (TWC), DirecTV (DTV) and AT&T (T) are joining forces. Reference Link
September 28, 2014
18:04 EDTTAT&T to offer double the amount of data on shared mobile plans
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September 25, 2014
10:45 EDTTDirecTV shareholders approve AT&T merger
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10:44 EDTTDirecTV shareholders approve AT&T merger
10:16 EDTTDirecTV shareholders vote in favor of merger with AT&T, Bloomberg reports
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September 24, 2014
05:03 EDTTAT&T to offer Samsung Gear S
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September 23, 2014
12:19 EDTTAT&T, Vodafone 'laying groundwork' for deal, BSN reports
Vodafone (VOD) and AT&T (T) are "laying the groundwork" for a possible acquisition, merger or partnership deal, according to Bright Side of News, citing sources close to both companies. Shares of Vodafone have moved out of negative territory and are up 0.5% following the report. Reference Link
September 22, 2014
10:01 EDTTGernin Group and AT&T's Otter Media to acquire majority stake in Fullscreen
Otter Media, a venture between The Chernin Group and AT&T, agreed to purchase a majority stake in Fullscreen, a global online media company. As part of the deal, Fullscreen CEO and Founder George Strompolos will continue as CEO and maintain a material ownership stake in the company. Otter Media was established by AT&T and The Chernin Group to invest in, acquire and launch over-the-top video services. Fullscreen's management team will all continue in their roles in the company. The transaction is expected to close within the next month, subject to regulatory approval. WPP, which had invested in Fullscreen in a round of Series A funding led by The Chernin Group in 2013, will continue as a strategic shareholder in the company.
07:14 EDTTGSM Association to hold a conference
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September 18, 2014
12:23 EDTTAT&T ex-partners look to FCC to hinder DirecTV offer, Reuters says
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09:34 EDTTAT&T extends NetBond security services to IBM SoftLayer platform
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September 17, 2014
15:06 EDTTAT&T met with Mexican telecommunications regulators, Bloomberg says
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13:34 EDTTAT&T could need significant debt to pursue America Movil assets, WSJ says
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11:39 EDTTVerizon says tower sales options more favorable in current market
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September 16, 2014
17:41 EDTTAT&T indicates interest in Mexico market, WSJ says
AT&T's (T) Chief Strategy Officer, John Stankey, speaking at an investor conference, said that Mexico, a fast growing market, is of interest to AT&T and the company has the balance sheet to do a deal if an opportunity arises, says the Wall Street Journal. América Móvil (AMX,AMOV) recently said it will sell off assets in Mexico to comply with regulatory issues there, added the Wall Street Journal. Reference Link
17:32 EDTTAT&T signs agreement with Shell to upgrade unified communications platform
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07:27 EDTTBofA/Merrill to hold a conference
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