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Benzinga's Political Round Up, August 25, 2011
Thursday, August 25, 2011 - 10:59am | 93The SEC is asking oil and gas companies to provide information about fracking. The White House is reportedly considering the possibility of allowing homeowners with government-backed mortgages to refinance their loans at today's interest rates. The FCC has asked AT&T (NYSE: T) for more...
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Initial Claims Worse Than Expected, Futures Higher
Thursday, August 25, 2011 - 7:35am | 87The initial claims data for August 20 was just released, and it came in higher than expected. For the week ending August 20, initial claims rose to 417,000. Expectations were for 405,000. Last week was revised to 412,000. Continuing claims fell to 3.641 million, versus estimates of 3.7 million...
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Morgan Stanley Comments on Verizon Communications
Wednesday, August 24, 2011 - 7:36am | 89Morgan Stanley has published a research report on Verizon (NYSE: VZ) anticipating a dividend increase. In the report, Morgan Stanley wrote, "In addition to potential lagging effects from a lackluster economic environment, significant pension/OPEB obligations may pressure cash flows and weigh in on...
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Sprint to Carry iPhone 5 by Mid-October: WSJ
Wednesday, August 24, 2011 - 5:28am | 258Sprint Nextel (NYSE: S) will begin selling its own version of Apple's (NASDAQ: AAPL) popular iPhone by mid-October, the Wall Street Journal reported Wednesday, citing unnamed sources. The move would allow Sprint to become the third U.S. wireless provider to carry the iPhone. The device has been...
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Who Isn't Going to Have an iPhone in 2012?
Tuesday, August 23, 2011 - 4:39pm | 420Rumors circulating on various newswires claimed that Sprint (NYSE: S) will be selling the iPhone 5. If this actually occurs, the duopoly claimed by Verizon (NYSE: VZ) and AT&T (NYSE: T) will be nullified, affording cost-cutting customers an extra option. Sprint is known to be a large carrier...
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Earnings Roundup
Tuesday, August 23, 2011 - 8:03am | 1170H.J. Heinz Co (NYSE: HNZ) reported a decline in its fiscal first-quarter profit. Heinz's quarterly profit dropped to $226.1 million, or $0.70 per share, from $240.4 million, or $0.76 per share, in the year-earlier period. Its sales climbed to $2.85 billion from $2.48 billion. Excluding special...
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Multiband Signs Four-Year MDU Contract with DIRECTV
Tuesday, August 23, 2011 - 7:05am | 82Multiband Corporation, (NASDAQ: MBND) today announced that it has entered into a new, four-year contract with DIRECTV (NASDAQ: DTV) to provide operator support services to system operators across the country. Multiband is currently the largest support services provider for DIRECTV and this...
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China Telecom Reports 8% Rise In First-Half Net Profit
Tuesday, August 23, 2011 - 4:22am | 74China Telecom Corp Ltd (NYSE: CHA) reported an 8% rise in its first-half net profit. China Telecom's net profit for the period rose to CNY9.81 billion, from CNY9.08 billion, in the year-ago period. However, analysts were expecting a net profit of CNY9.70 billion. China Telecom's revenue climbed...
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Zings Of The Day, August 22, 2011
Monday, August 22, 2011 - 2:30pm | 100Several Deutsche Bank (NYSE: DB) employees and its South Korean brokerage face a trial over a flash crash in the South Korean stock market in November. Verizon (NYSE: VZ) said 45,000 striking workers will get back to work tonight after talks came to a truce over the weekend. Phew. I was worried...
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Morning Market Movers
Monday, August 22, 2011 - 8:55am | 100FairPoint Communications Inc (NASDAQ: FRP) shares gained 27.98% to $7.41 at 9:45 am. FRP's trailing-twelve-month ROE is 646.87%. Atrinsic Inc (NASDAQ: ATRN) shares surged 26.35% to $3.50. ATRN shares have surged 53.89% over the past 52 weeks, while the S&P 500 index has gained 4.84% in the...
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45,000 Verizon Workers to Return to Work by Tuesday
Saturday, August 20, 2011 - 1:43pm | 55About 45,000 Verizon Communications (NYSE: VZ) employees are set to end a two-week strike and return to work by Tuesday, under an agreement reached Saturday. Verizon agreed to extend the old contract indefinitely while it bargains with unions representing technicians and customer service workers...
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Windstream Announces Partial Redemption of Its 8.625% Senior Notes Due 2016
Friday, August 19, 2011 - 4:03pm | 135Windstream. (NASDAQ: WIN) is calling for redemption of $350,000,000 aggregate principal amount of its outstanding 8.625% Senior Notes due 2016 on September 19, 2011, at a redemption price payable in cash that is equal to $1,043.13 per $1,000 principal amount of Notes, plus accrued and unpaid...
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Pre-Market Losers; Cincinnati Bell Down 13%
Friday, August 19, 2011 - 8:23am | 113Cincinnati Bell (NYSE: CBB) -13.18% Aeropostale (NYSE: ARO) -12.97% on disappointing same store sales data. Nordson Corporation (NASDAQ: NDSN) -10.39% on disappointing earnings and guidance. DexCom (NASDAQ: DXCM) -8.94% on heavy volume. Advantage Oil & Gas (NYSE: AAV) -8.93% on heavy...
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HickoryTech Announces Share Repurchase Plan of up to $3M
Thursday, August 18, 2011 - 12:03pm | 38HickoryTech Corporation (NASDAQ: HTCO) today announced its board of directors has authorized a stock repurchase plan in which the company intends to repurchase up to $3 million of HickoryTech's common stock.
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S&P Highlights Tech ETFs Post-Google/MMI Deal
Thursday, August 18, 2011 - 11:07am | 352Standard & Poor's Equity Research is out with a note on technology ETFs that investors may want to have a look following the announcement by Google (Nasdaq: GOOG) of its $12.5 billion bid for Motorola Mobility (NYSE: MMI), the largest maker of mobile handsets that run on Google's Android...