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Stock Market & Financial Investment News

News Breaks
January 28, 2014
10:51 EDTVZ, VODVerizon shareholders approve share issuance for acquisition of Verizon Wireless
Verizon (VZ) announced that at a special meeting a substantial majority of shareholders of Verizon approved the company's issuance of up to 1.28B shares of common stock to Vodafone (VOD) shareholders to complete the acquisition of Vodafone Group PLC's indirect 45% interest in the Verizon Wireless joint venture. Earlier at a shareholder meeting in London, Vodafone shareholders also approved matters necessary for the transaction to close, Verizon said. At the special shareholder meeting, Verizon shareholders also approved an amendment to the company's charter to increase by 2B the number of shares of Verizon common stock the company is authorized to issue. The approval of this charter amendment was not a condition to the completion of the Verizon Wireless transaction, but will allow for additional authorized common stock to support the company's growth and provide flexibility for future corporate needs. Under the terms of the stock purchase agreement and as a result of the shareholder vote, Verizon will not exercise an election to increase the cash consideration by up to $15B. The acquisition remains subject to approval of the High Court of Justice of England and Wales and other customary closing conditions. On Dec. 4, 2013, Verizon received the approvals needed from the Federal Communications Commission for the acquisition. The transaction is currently expected to close on or about Feb. 21, Verizon said.
News For VZ;VOD From The Last 14 Days
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April 20, 2014
17:11 EDTVZVerizon, AT&T may be limited in upcoming spectrum auction, WSJ says
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April 19, 2014
21:07 EDTVODVodafone and France's SFR assessing network-sharing venture, WSJ says
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April 17, 2014
12:46 EDTVODVodafone, Netflix in talks on content deal, Bloomberg says
Vodafone (VOD) is in early stage talks with Netflix (NFLX) to offer Vodafone customers free access access to its streaming service for a period of time, according to Bloomberg, citing three people familiar with the talks. Reference Link
07:54 EDTVZVerizon 2014 consensus estimates have upside, says Jefferies
Jefferies sees upside to the 2014 consensus estimates for Verizon given the better than expected equipment installment plans market. The firm sees 17% upside to its year-end price target of $55 and it keeps a Buy rating on Verizon.
April 15, 2014
13:49 EDTVZEarnings Preview: Analysts optimistic on Intel ahead of Q1 report
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April 14, 2014
09:10 EDTVZT-Mobile CEO starts petition for consumers to call on peers to end overages
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09:05 EDTVZT-Mobile abolishes consumer overages, challenges other providers to follow suit
T-Mobile (TMUS) announced a campaign to eliminate overage penalties, one of the most reviled wireless industry practices. While abolishing overages for all customers on T-Mobile consumer plans, its CEO has also laid down a challenge to the nation's largest carriers, AT&T (T), Verizon (VZ) and Sprint (S), to do the same.
07:06 EDTVZU.S. Geospatial Intelligence Foundation to hold a symposium
GEOINT 2013 Symposium, originally scheduled for October 2013, is being held in Tampa, Florida on April 14-17.
April 11, 2014
09:19 EDTVZANADIGICS ships AWC6383 dual-band ProVantage PA to Samsung
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07:26 EDTVZTime Warner struggling to force Dodgers network on pay-TV players, LAT say
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April 10, 2014
06:53 EDTVODVodafone acquires stake in India unit for $1.5B, Bloomberg says
Vodafone will acquire Piramal Enterprises' stake in its India mobile-phone unit for $1.5B as the company ups its investments in the world’s quickest growing smartphone market, according to Bloomberg, citing a company statement from Piramal. Reference Link
April 9, 2014
11:15 EDTVZT-Mobile unveils $40 monthly price plan called 'Simple Starter'
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April 8, 2014
07:14 EDTVZAT&T wants to force customers in Alabama town to switch to wireless, WSJ reports
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April 7, 2014
16:01 EDTVZOptions Update; April 7, 2014
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09:34 EDTVZActive equity options trading on open
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07:04 EDTVZCincinnati Bell to sell wireless spectrum licenses to Verizon Wireless
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