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Stock Market & Financial Investment News

News Breaks
March 7, 2014
07:35 EDTVOD, TEF, TI, DTEGY, ORAN, HUWHYEU telecoms ask EC to ease competition rules, FT reports
In a letter to the European Commission signed by the CEOs of Vodafone (VOD), Telefonica (TEF), Telecom Italia (TI), Deutsche Telekom (DTEGY), Orange (ORAN), and Hutchison Whampoa (HUWHY) the telecom companies have asked for competition rules to be eased in order to allow consolidation and boost industry profits, reported Financial Times. Reference Link
News For VOD;TEF;TI;DTEGY;ORAN;HUWHY From The Last 14 Days
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July 18, 2014
09:18 EDTDTEGYSoftbank hire of Arora from Google 'interesting,' says Wells Fargo
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07:10 EDTTI, TEFTelefonica smaller Telecom Italia share could cut Brazil worries, Reuters says
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07:08 EDTDTEGYSoftbank, 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
July 16, 2014
12:50 EDTTEF, TITelefonica approves sale of bonds exchangeable into Telecom Italia shares
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07:18 EDTVODVodafone head says unlikely interested in America Movil assets, Reuters says
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July 14, 2014
14:58 EDTTEF, VODKKR mulls sale of German telco Versatel, WSJ says
Private equity firm KKR (KKR) is thinking about selling its German telecommunications company Versatel GmbH, says the Wall Street Journal. If a sale process is initiated it may open the door to bids from UK's Vodafone (VOD) or potentially Telefónica (TEF), added the Wall Street Journal. Reference Link
08:32 EDTORAN, VODSynchronoss acquires Voxmobili for $26M in cash
Synchronoss (SNCR) announced its acquisition of Voxmobili, a wholly owned subsidiary of OnMobile Global. Voxmobili’s customers include AT&T (T), Airtel, Everything Everywhere, France Telecom, Orange (ORAN), T-Mobile (TMUS), and Vodafone (VOD). In consideration for the acquisition, Synchronoss paid approximately $26M in cash to OnMobile Global.
July 13, 2014
17:13 EDTORANOrange SA shares could return 30% in next year, Barron's says
Shares of Orange could return 30% over the next year as competitive pressures are lessening, pricing is becoming more stable and look cheap, Barron's contends in a feature article. Reference Link
July 11, 2014
16:22 EDTDTEGYOn The Fly: Closing Wrap
Stocks on Wall Street were higher today, but were still lower for the week, as concerns in Europe have come back to the forefront of investors' minds. Today's modest bounce was not enough to make up for the declines seen in three of the other four sessions earlier in the week. ECONOMIC EVENTS: In the U.S., the June federal budget statement showed a surplus of $70.5B for the month, compared to analysts' forecast for a $79B surplus. COMPANY NEWS: Shares of Wells Fargo (WFC) slipped 32c, or 0.62%, to $51.49 after the largest mortgage lender in the U.S. posted earnings of $1.01 a share that matched analysts' consensus forecast. Wells did note that its credit performance continued to improve in Q2 and CEO John Stumpf said he is "optimistic about the future" for the bank... Lorillard (LO) advanced $2.92, or 4.63%, to $66.01, while Reynolds American fell 51c, or 0.82%, to $61.75, after the two cigarette makers confirmed that they are holding talks about a possible merger, as has been speculated by various media reports in recent weeks... In another update to an ongoing M&A story, Japan's Nikkei reported that Sprint's (S) corporate parent, Softbank (SFTBF), has reached an agreement to acquire T-Mobile (TMUS) from Deutsche Telecom (DTEGY), clearing the way for the long-speculated merger between the third and fourth largest wireless carriers in the U.S. Following the new story, Sprint shares finished the day up 30c, or 3.64%, to $8.55, while T-Mobile rose 62c, or 1.89%, to $33.50. MAJOR MOVERS: Among the notable gainers was Ruckus Wireless (RKUS), which advanced 87c, or 7.9%, to $11.88 after the FCC announced that it would allocate new funds to subsidize the launch of WiFi networks in schools and libraries. Also higher was Amazon.com (AMZN), which climbed $18.28, or 5.57%, to $346.20 after consulting firm ChannelAdvisor (ECOM) reported that the company's same-store sales growth had accelerated significantly in June compared with May. Among the noteworthy losers was Rent-A-Center (RCII), which dropped $3.18, or 10.94%, to $25.88 after the company warned that its revenue and earnings for Q2 will not meet expectations. Also lower were shares of industrial and construction supply retailer Fastenal (FAST), which fell $2.00, or 4.16%, to $46.15 after its Q2 revenue missed analysts' consensus view and the company reported plans to close 45 stores. INDEXES: The Dow was up 28.74, or 0.17%, to 16,943.81, the Nasdaq was up 19.29, or 0.44%, to 4,415.49, and the S&P 500 was up 2.83, or 0.14%, to 1,967.51.
13:09 EDTDTEGYSoftbank near deal to buy T-Mobile, merge with Sprint, Nikkei reports
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11:02 EDTTI, TEFTelefonica readying sale of Telecom Italia stake, Folha de Sao Paulo says
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July 10, 2014
10:05 EDTTIOn The Fly: Analyst Upgrade Summary
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07:19 EDTTITelecom Italia upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Telecom Italia to Overweight following the recent pullback in shares.
06:23 EDTTEFEU court upholds Telefonica fine, WSJ reports
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