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Stock Market & Financial Investment News

News Breaks
January 7, 2013
15:19 EDTVZVerizon CEO expects company to take $9B-$10B one-time charge in Q4, Reuters says
Verizon's CEO said $7B of the special items are related to pension liability, $1.5B of the special items are related to restructuring of debt, and $1B of the special items are related to Superstorm Sandy, according to Reuters.
News For VZ From The Last 14 Days
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August 31, 2014
14:05 EDTVZDrexel Hamilton to hold a conference
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August 27, 2014
10:02 EDTVZActive equity options trading on open
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August 26, 2014
15:32 EDTVZVerizon confirms FiOS signs deal to carry SEC Network
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14:45 EDTVZESPN says Verizon signs deal to carry SEC Network
Verizon (VZ) FiOS has signed an agreement to carry the SEC Network and expects to begin airing it prior to Aug. 28, Disney's (DIS) ESPN announced. The deal also includes live viewing rights and additional live and on-demand content scheduled for SEC Network + across other platforms like smartphones, tablets and laptops. In addition, the deal also includes rights for the FiOS Mobile app, which will be available to FiOS customers in the near future. Terms of the deal were not disclosed.
08:44 EDTVZBest Buy CFO says mobile phone category 'complicated to forecast'
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August 25, 2014
08:06 EDTVZVerizon to invest $40M to expand on-site green energy program
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06:21 EDTVZSpherix announces first trial of Nortel patents scheduled against Verizon for Q1
Spherix (SPEX) announced that on August 19, the Honorable Gerald Bruce Lee, United States District Judge for the Eastern District of Virginia, in Case No. 1:14-cv-00721 -GBL-TCB, issued a scheduling order in the company's patent litigation against Verizon Services; Verizon South; Verizon Virginia; Verizon Communications; Verizon Federal; Verizon Business Network Services; MCI Communications Services, collectively Verizon (VZ). The judge ordered both parties to appear for a pretrial conference on September 10, and ordered discovery to be complete by December 12. The order also states the trial of this case will be within four to eight weeks after the December 18 final pretrial conference.
August 22, 2014
09:36 EDTVZActive equity options trading on open
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August 21, 2014
14:11 EDTVZGogo advances after blog discusses takeover speculation
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13:44 EDTVZVerizon could be interested in Gogo spectrum, says Wells Fargo
Wells Fargo notes trade publication Runway Girl Network posted an article about Verizon's (VZ) potential interest in Gogo. Wells calls the article's argument that aviation broadband is an extension of terrestrial broadband and could be complement Verizon's wireless service "logical," and says Verizon could also be interested in Gogo's spectrum. Wells sees compelling arguments against Verizon being interested in Gogo, but notes that at current valuations, Verizon could acquire Gogo close to the value of the underlying spectrum and get the business for free, which the firm says "isn't a bad trade." Wells has a Market Perform rating on Gogo.
13:16 EDTVZT-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 EDTVZSprint 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.
09:37 EDTVZActive equity options trading on open
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09:36 EDTVZGogo strength attributed to takeover speculation in blog post
The early move higher in shares of Gogo (GOGO) is being attributed to a blog post from Runway Girl Network. The post stated, "Wall Street is now buzzing that Verizon might be studying a potential joint venture, acquisition or partnership with Row 44 competitor, Gogo." Shares of Gogo are up 3% to $17.36 in pre-market trading. Reference Link
05:58 EDTVZVerizon says not in talks to set up another app store, Re/code reports
In response to a report from The Information that said Verizon was looking to set up another app store, company spokeswoman Debra Lewis told Re/code that the company "has no plans to do that. Been there. Done that." Verizon closed its homegrown Verizon Apps store last year. Reference Link
August 20, 2014
13:46 EDTVZVerizon looking to build app store, The Information says
Verizon (VZ) is looking to partner with other companies to build an app store, according to The Information. Verizon's app store would compete with Google (GOOG) and Apple (AAPL), which already sell smartphone software, The Information noted. Reference Link

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