Wireless Telecommunication Services

Pre-open movers US stock futures are lower this morning. Futures for the Dow Jones Industrial Average dipped 199 points to 11,009.00 and S&P 500 index futures fell 24.20 points to 1,145.10. Nasdaq 100 futures dropped 35.75 points to 2,129.00. A Peek Into Global Markets European markets were...

Mobile TeleSystems (NYSE: MBT) reported a rise in its net profit for the second quarter. Mobile TeleSystems' quarterly profit rose to $367 million, from $354 million, in the year-ago period. Its revenue climbed to $3.13 billion, from $2.77 billion. However, analysts were expecting profit of $380...

Verifone Systems Inc (NYSE: PAY) is expected to report its Q3 EPS at $0.46 on revenue of $299.40 million. Pike Electric Corporation (NYSE: PIKE) is expected to report its Q4 EPS at $0.04 on revenue of $155.95 million. KongZhong Corporation (NASDAQ: KONG) is expected to report its Q2 EPS at $0....

Great Basin Gold (NYSE: GBG) +7.27% on increased gold price. NovaGold Resources (NYSE: NG) +5.77% on increased gold price. Harbin Electric (NASDAQ: HRBN) +6.47% on heavy volume. Leap Wireless International (NASDAQ: LEAP) -6.47% on low volume. American Axle & Manufact. Holdings (NYSE: AXL...

Ciena Corporation (NASDAQ: CIEN) +12.34% on upbeat earnings. Rite Aid (NYSE: RAD) +8.18% after reporting positive retail sales numbers. Clearwire (NASDAQ: CLWR) +5.30% on a takeover chatter. AOL (NYSE: AOL) +5.33 after reports about the company possibly giing private. Rubicon Minerals (NYSE:...

Earlier today, the Department of Justice announced it had filed suit in federal court to block AT&T's (NYSE: T) proposed takeover of T-Mobile USA. In response, Vonya B. McCann, senior vice president of Government Affairs for Sprint (NYSE: S), issued the following statement: “The DOJ today...

On Wednesday, the United States government sued AT&T (NYSE: T) to block its proposed $39 billion acquisition of T-Mobile USA from Deutsche Telekom AG. The Justice Department said that the transaction would "substantially lessen competition" in the wireless market. The government's position is...

Vera Bradley (NASDAQ: VRA) +11.22% on upbeat earnings reported yesterday. Sprint Nextel (NYSE: S) +7.61% after the news that the U.S. files to block AT%T/T-Mobile merger. The Fresh Market (NASDAQ: TFM) +9.64% on upbeat earnings reported this morning. Genesco (NYSE: GCO) +8.90% on upbeat...

Collins Stewart is out with its report today on Sprint Nextel (NYSE: S), maintaining Buy. In its report, Collins Stewart writes, "Although the potential introduction of the iPhone could further delay the ultimate turnaround in the wireless margins at Sprint, we believe many of the negatives are...

Leap Wireless International, Inc. (NASDAQ: LEAP), announced today that its Board of Directors has adopted a tax benefit preservation plan intended to preserve the long-term value of the Company's net operating loss carryforwards.

Leap Wireless International, Inc. (NASDAQ: LEAP) announced today that its Board of Directors has adopted a tax benefit preservation plan intended to preserve the long-term value of the Company's net operating loss carryforwards. As of June 30, 2011, Leap had net operating loss carryforwards of...

NXP Semiconductors N.V. (NASDAQ: NXPI) earlier today announced that Turkcell (NYSE: TKC) has selected the PN544 near field communication radio chip for Turkcell's recently launched T20 smartphone. The T20 handset, manufactured by Huawei, is one of the world's first commercially available low-cost...

NVE Corporation (NASDAQ: NVEC) shares gained 2.54% to create a new 52-week high of $64.61. NVEC shares have surged 57.21% over the past 52 weeks, while the S&P 500 index has gained 10.54% in the same period. Waste Connections Inc (NYSE: WCN) shares jumped 1.70% to create a new 52-week high of...

Cellcom Israel Ltd. (NYSE: CEL) earlier announced today it has received the resignation from office of Mr. Isaac Manor, a member of the Company's board of directors who had been appointed by Discount Investment Corporation Ltd., or DIC, and DIC's notification appointing Mr. Assaf Topaz in his place...

OmniVision Technologies (NASDAQ: OVTI) -30.38% on disappointing guidance. Clearwire Corporation (NASDAQ: CLWR) -6.62% on the reports that the company has been in talks with Blackstone regarding potential restructuring. Swift Transportation Company (NYSE: SWFT) -4.94% - hearing the company was...