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Stock Market & Financial Investment News

News Breaks
April 1, 2011
07:54 EDTTMRK, VZVerizon completes tender for Terremark; Announces subsequent offering period
Verizon Communications (VZ) announced the successful completion of the tender offer made by Verizon's wholly owned subsidiary, Verizon Holdings Inc., for all outstanding shares of Terremark Worldwide (TMRK) common stock. The tender offer and withdrawal rights expired at midnight ET on March 31. According to the depositary for the tender offer, approximately 59,754,625 shares were validly tendered and not withdrawn as of the expiration time. This represents approximately 70.9% of Terremark's outstanding shares of common stock on a fully diluted basis and 84.06% of Terremark's outstanding shares of common stock, giving Verizon control of Terremark. Verizon Holdings has accepted for purchase all shares that were validly tendered and not properly withdrawn and will promptly pay for such shares at the offer price of $19 per share, net to the seller in cash, without interest and less any applicable withholding taxes. Verizon also announced that Verizon Holdings has commenced a subsequent offering period to acquire the remaining untendered shares of Terremark common stock. The subsequent offering period will expire at 5 p.m. ET on April 7, unless extended. During this subsequent offering period, holders of shares of Terremark common stock who did not previously tender their shares into the initial tender offer may do so.
News For VZ;TMRK From The Last 14 Days
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April 21, 2015
12:33 EDTVZOn The Fly: Top stock stories at midday
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10:20 EDTVZWells thinks carrier equipment vendors factored in weak capex
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09:37 EDTVZActive equity options trading on open
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08:57 EDTVZVerizon says deleveraging plans on track
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08:41 EDTVZOptions expected to be active
Options expected to be active: UA TEVA PRGO MYL UTX QCOM VMW HOG CMG IBM VZ
07:43 EDTVZVerizon CEO says confident in ability to maintain momentum
“Verizon is off to a strong start in 2015 with another quarter of profitable growth. We expanded our base of customers seeking a premium experience, and we grew revenues, earnings and cash flow during a quarter in which we also took significant steps to sharpen our strategic focus. We are confident in our ability to maintain momentum and continue to add value for customers and shareholders,” said Verizon Chairman and CEO Lowell McAdam.
07:42 EDTVZVerizon added 133K net new FiOS Internet, 90K net new FiOS Video connections
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07:40 EDTVZVerizon reports 565,000 retail postpaid net additions in Q1
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07:37 EDTVZVerizon backs FY15 capex view $17.5B-$18B
Verizon continues to expect FY15 capital expenditures to range between $17.5 billion and $18.0 billion.
07:37 EDTVZVerizon reports Q1 consolidated operating income margin 24.9%
Verizon reports Q1 consolidated operating income margin was 24.9%, compared with 23.2% in first-quarter 2014. Cash flow from operating activities increased to $10.2B in Q1, compared with $7.1B in first-quarter 2014. The $10.2B included a non-recurring $2.4B related to the monetization of tower assets. Excluding the tower-transaction impact, free cash flow totaled about $4.2B in Q1, compared with $3.0B in first-quarter 2014.
07:36 EDTVZU.S. mobile cariers could be pressured from new data plans, WSJ says
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07:35 EDTVZVerizon reports Q1 EPS $1.02, consensus 95c
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April 20, 2015
16:01 EDTVZOptions Update; April 20, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 21.52. Option volume leaders: AAPL VZ PBR TWTR TSLA TWTR NFLX MCP FB AMZN AA C according to Track Data.
15:37 EDTVZNotable companies reporting before tomorrow's open
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14:22 EDTVZVerizon technical commentary before earnings
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13:41 EDTVZEarnings Watch: Verizon shares up marginally since Q4 results
Verizon Communications (VZ) is expected to report first quarter earnings before the market open on Tuesday, April 21, with a conference call scheduled for 8:30 am ET. Verizon is a holding company providing communications, information and entertainment. EXPECTATIONS: Analysts are looking for earnings per share of 95c on revenue of $32.27B, according to First Call. The consensus range for EPS is 89c-$1.00 on revenue of $31.74B-$32.97B. LAST QUARTER: Verizon reported fourth quarter adjusted EPS of 71c against estimates for 72c on revenue of $33.19B against estimates for $32.69B. For Q4 in Wireless, the company reported 2.1M net retail connections; 2.0M net retail postpaid connections, including net additions of 672,000 postpaid phones; retail postpaid churn of 1.14%; 108.2M total retail connections and 102.1M total retail postpaid connections. In Wireline, it reported 4.1% year-over-year quarterly increase in consumer revenues. Verizon reported Q4 retail postpaid ARPA, or average revenue per account, increased 1.0% over Q4 of 2013 to $158.82 per month, and 3.9% over the full year. Verizon reported Q4 FiOS consumer revenue growth of 11.1%; 6.6M FiOS Internet subscribers, with 145K net additions; 5.6M FiOS Video subscribers, with 116K net additions. For 2015, Verizon expects consolidated revenue growth of at least 4%. It sees sustained profitability with a consolidated adjusted EBITDA margin at a level consistent with full-year 2014 performance. It also expects strong free cash flow generation with consolidated capital spending of $17.5B-$18.0B. On February 5, Frontier Communications (FTR) announced a definitive agreement with Verizon under which Frontier will acquire Verizon’s wireline operations that provide services to residential, commercial and wholesale customers in California, Florida and Texas, for $10.54B in cash. On the same day, Verizon announced a $5B accelerated share-repurchase program and agreed to lease the rights to over 11,300 of its company-owned wireless towers to American Tower (AMT), which will also purchase approximately 165 Verizon towers, for a total upfront payment of approximately $5B. American Tower will have exclusive rights to lease and operate over 11,300 Verizon cell towers, a significant majority of the towers the company currently owns. In addition, Verizon will sell approximately 165 towers outright. On March 10 at the Deutsche Bank Media, Internet & Telecom Conference, CFO Fran Shammo said there was “not much change” in the competitive environment since Q4-end, Q1 volume should return to "more normal levels," and Q1 churn is likely to be elevated from year ago, but not "something that is going to be concerning." PRICE ACTION: Verizon’s shares are up marginally since the company's Q4 report. Over the past twelve months, they are up about 3.3%. In afternoon trading ahead of Tuesday's Q1 report, Verizon’s shares are up 0.5%.
07:16 EDTVZVerizon April weekly volatility elevated into Q1 and outlook
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06:03 EDTVZESPN raises objections to Verizon FiOS TV packages, WSJ reports
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April 17, 2015
12:21 EDTVZOn The Fly: Top stock stories at midday
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06:17 EDTVZVerizon to offer monthly custom TV plans, Reuters reports
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