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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 2, 2014
06:08 EDTTCox sued by AT&T for patent infringement, Reuters reports
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August 31, 2014
19:28 EDTTAmerica Movil to sell assets to appease Mexican regulators, Bloomberg says
In order to abide by anti-trust regulations in Mexico, America Movil (AMX, AMOV) has hired Bank of America to sell some assets, says Bloomberg. Potential buyers of the assets include AT&T (T) and SoftBank (SFTBF), added Bloomberg. Reference Link
14:05 EDTTDrexel Hamilton to hold a conference
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13:27 EDTTAT&T to hold a conference
16th Annual AT&T Cyber Security Conference will be held in New York on September 3-4 with webcast availability on September 4 at 9 am; Webcast Link
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

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