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Company News for December 08, 2009 - Corporate Summary
Tuesday, December 8, 2009 - 10:15am | 234• Boeing (NYSE:BA) much-awaited first Dreamliner flight is likely to happen as early as next week • Cadbury (NYSE:CBY) may formally reply to Kraft's (NYSE:KFT) $16 billion bid on December 14 • CF Industries (NYSE:CF) increased its hostile bid for Terra Industries (NYSE:TRA) to $36.75 from $32 cash...
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Stock Futures Signal Mixed Open
Tuesday, December 8, 2009 - 8:21am | 169Stock index futures pointed to a mixed open on Wall Street on Tuesday, with futures for the S&P 500 up 0.21%, Dow Jones futures down 0.07% and NASDAQ 100 futures down 0.13% at 0933 GMT (4:33 a.m. EST). FedEx Corp (NYSE: FDX) will be in the spotlight after saying that its Q2 earnings would...
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Fast Money Picks For December 8th (CHL, VZ, XOM, TXN)
Monday, December 7, 2009 - 7:33pm | 112CNBC's Fast Money Tim Seymour sees growth for smartphone companies in China, and recommends China Mobile (NYSE: CHL). China Mobile (CHL) fell 1.38% on Monday and closed at $47.22. Guy Adami is interested in dividend stocks, and thinks Verizon Communications (NYSE: VZ) is a buy. Verizon closed 1.68...
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Morgan Stanley Maintains on Clearwire, But Bullish On Its Financing
Monday, December 7, 2009 - 5:03pm | 160Morgan Stanley (NYSE: MS) reiterated its underweight rating on Clearwire (NASDAQ: CLWR). Although rival cell phone networks are rapidly developing their networks, CLWR could benefit from its recent round of equity and debt financing, the bank said. Despite competitive advantages in its technology...
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Barron’s: Insider Stock Transactions
Monday, December 7, 2009 - 3:13pm | 227For the week ended 30 November 2009, the following were insider purchases: 100,000 shares in DirecTV (NASDAQ: DTV), 91,500 shares in Werner Enterprises (WERN), 100,000 shares in Zions Bancorporation (NASDAQ: ZION), 30,500 shares in Rofin Sinar Technologies (NASDAQ: RSTI), 2,774,306 shares in Fusion...
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Michael Orkin’s View and Bets (VZ, AMT, AAPL, AMED, HOG, ADS, CHS)
Monday, December 7, 2009 - 3:08pm | 252Michael Orkin, CEO at Caldwell & Orkin, has his largest long positions in Verizon Communications (NYSE: VZ), American Tower (NYSE: AMT) and Apple (NASDAQ: AAPL). They all have performed well, up collectively more than 20% for the year. Orkin's short positions, Zions Bancorp (NASDAQ: ZION),...
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Benzinga’s Top Gainers (ROY, ASIA, NVDA, S, TRA)
Monday, December 7, 2009 - 1:15pm | 228International Royalty Corporation (AMEX: ROY) has soared 50.57% to $6.71 on 3.34 million shares after Franco-Nevada Corporation announced that it has informed International Royalty Corporation that Franco-Nevada Corporation intends to, directly or indirectly through a wholly-owned subsidiary, make...
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Barron’s Watches Sprint (S) Sprint
Monday, December 7, 2009 - 1:14pm | 136After years of missteps, Sprint Nextel (NYSE: S) looks set to move in the right direction. Barron’s Michael Santoli has pointed out that the shares appear undervalued at a current price of nearly $3.70 with a potential upside of 50%. Sprint’s history has seen an overpriced purchase of Nextel...
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Barron’s Names America Movil (AMOV) The Best Pick Among BRIC Telco Stocks
Monday, December 7, 2009 - 12:19pm | 78Barron’s has reported that the Mexico based America Movil (ADR) (NASDAQ: AMOV) is the best investment among the emerging market telecom stocks. America Movil operates in 18 countries, holds a 70% market share in the Mexican wireless market and generates $5 to $7 billion of free cash flow every...
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Barron’s: Historically Neglected Sprint Nextel (S) Now Appears A Good Buy
Monday, December 7, 2009 - 12:12pm | 85Barron’s noted that Sprint Nextel Corporation (NYSE: S), which has long been shunned by investors for its several business missteps, is poised to grow again. It added that Sprint Nextel is well positioned in the faster-growing prepaid segment and its 4G effort along with a slew of well-received...
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Sprint Acquires iPCS in $831MM Deal
Friday, December 4, 2009 - 3:21pm | 187Sprint Nextel Corporation (NYSE: S) announced today that it has successfully completed its acquisition of iPCS, Inc. (NASDAQ: IPCS). According to the release, Sprint Nextel acquired iPCS for approximately $831 million, including the assumption of $405 million of net debt. Sprint Nextel acquired...
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Telecom and VoIP Provider Windstream Hits 52-Week High
Thursday, December 3, 2009 - 3:49pm | 164Windstream (WIN) announces the expansion of its converged communications services to the Raleigh and Greensboro, N.C. markets. Today the S&P 500 company providing phone, high-speed Internet and high-definition digital TV services to customers in 16 states hit a 52-week high on the news of...
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Cross Sees Significant Synergies In Potential Apple (AAPL) Verizon (VZ) Deal
Thursday, December 3, 2009 - 2:31pm | 187There has been a great deal of speculation about Apple Inc’s future partner(s?) for its blockbuster offering, iPhone. Apple (NASDAQ: AAPL) currently has an exclusive deal with AT&T (NYSE: T) and makes up around 21% of its postpaid subscriber base. Verizon (NYSE: VZ), America’s largest operator...
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Sprint Nextel (S) Completes Acquisition Of iPCS Inc (IPCS)
Wednesday, December 2, 2009 - 1:37pm | 86Sprint Nextel (NYSE: S) made an announcement on November 27th stating that it had completed the acquisition of iPCS Incorporated (NASDAQ: IPCS). Sprint Nextel said that close to 63% of outstanding shares of iPCS Corporation had been tendered in the exchange as of November 25th 2009, the date of...
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Clearwire (CLWR) Shares Rise following New Financing
Wednesday, December 2, 2009 - 8:32am | 111Shares of Clearwire Corp. rose Tuesday after an analyst said the company's path to growth seemed more certain following a round of financing that will give it the capital needed to grow its wireless data network. The company said it will receive $1.56b from investors and issue $1.6b and $920m in...