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Syniverse Holdings Jumps 30% On Acquisition (SVR)
Thursday, October 28, 2010 - 10:36am | 97Syniverse Holdings Inc. (NYSE: SVR) is up 30% after the Carlyle Group agreed to acquire the company for $31 per share. This values the company at $2.6 billion. “After careful and diligent analysis, together with our independent advisers, the board of directors and I are proud to enter into this...
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The Carlyle Group to Buy Syniverse Technologies for $31 Per Share Totaling $2.6B
Thursday, October 28, 2010 - 10:25am | 89Syniverse Technologies (NYSE: SVR) today announced that it has entered into a definitive agreement to be acquired by global alternative asset manager The Carlyle Group for approximately $2.6 billion that will result in Syniverse becoming a private company. Carlyle will acquire all of the...
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SK Telecom Profits Sink on Costs - Analyst Blog
Thursday, October 28, 2010 - 10:03am | 555SK Telecom Corp. Ltd. (SKM), a leading South Korean telecom operator, declared depressed financial results for third quarter 2010. Net income plunged 13% year over year to KRW 364 billion ($309 million) due to higher investment in network as well as increased marketing campaign costs. Revenues...
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Stock Market News for October 28, 2010 - Market News
Thursday, October 28, 2010 - 10:03am | 1066After swinging back and forth for much of the session, stocks closed mostly in the red Wednesday amid concerns that the Fed's planned purchase of Treasury bonds would not be as heavy and swift as earlier anticipated. Traders are eagerly awaiting a Federal Reserve move to inject more money into the...
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Deutsche Bank Provides A First Look At Crown Castle's 3Q10
Thursday, October 28, 2010 - 8:34am | 68Crown Castle International Corp. (NYSE: CCI) reported 3Q results that were ahead of expectations on all key financial metrics, Deutsche Bank reports. “We believe the beat was primarily due to a customer's lease modification that increased recurring revenue,” Deutsche Bank writes. “But, even if we...
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Pina Coladas on the QE2 10-27-2010
Wednesday, October 27, 2010 - 7:06pm | 937Cusick's Corner In the words of the infamous song “Pina Colada” – “I was tired of my lady, we've been together too long, like a worn out recording of a favorite song,” the market seems to have tired of the old QE2 is-a-coming talk and maybe tired of this current run. Folks, we have been hearing...
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Benzinga's Top ETF Gainers (SOXL, EDZ, FXP, BZQ)
Wednesday, October 27, 2010 - 6:09pm | 196Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) spiked 9.16% today as the PHLX Semiconductor Sector Index traded higher. Novellus Systems, Inc. (NASDAQ: NVLS) is one of the components of this index, and it gained 4.46% in Wednesday's trading session. Direxion Daily Emerging Markets Bear 3x...
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Crown Castle Posts Wide EPS Loss (CCI)
Wednesday, October 27, 2010 - 4:45pm | 192Crown Castle International Corp. (CCI) reports Q3 earnings loss of $0.49 versus consensus of $0.05. Crown Castle International Corp. reports revenues of $481.9 million versus consensus of $463.76 million. Revenues increased 12% year over year. CCI sees FY 2010 EPS in the range of a loss of $1.28...
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Stock Market News for October 27, 2010 - Market News
Wednesday, October 27, 2010 - 3:33pm | 1211After a lackadaisical session, stocks closed mostly flat on Tuesday as mixed earnings and economic reports failed to motivate traders. Investors appeared jittery ahead of next week's mid-term elections and a sliding dollar. The blue-chip Dow average gained a little more than 5 points to close at...
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Company News for October 27, 2010 - Corporate Summary
Wednesday, October 27, 2010 - 3:33pm | 726• Procter & Gamble (NYSE: PG) reported fiscal first quarter earnings $0.02 better than expected at $1.02 on a 1.6% revenue gain to $20.1 billion, just below Zacks estimates of $20.2 billion. The company said it sees fiscal 2011 guidance earnings of $3.91 to $4.01 • Whirlpool (NYSE: WHR)...
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Sprint Surpasses, Loss Widens Again - Analyst Blog
Wednesday, October 27, 2010 - 3:33pm | 879Sprint Nextel (S), the third-largest U.S. wireless carrier, reported third quarter 2010 adjusted net loss per share of 18 cents, which surpassed the Zacks Consensus Estimate of net loss of 28 cents. Adjusted earnings excluded a one-time tax related to non-cash charge of $365 million (12 cents per...
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Correlation Between Euro & SPY Intact Today 10-27-2010
Wednesday, October 27, 2010 - 3:32pm | 860Cusick's Corner As I have stated in past Corners, as the Euro Currency goes so does the market -- that correlation between FXE and SPY is still intact today. The Euro FXE pulled back in the last week from the $1.40 to the $1.37 and the SPY has been in lock step with this move. Both markets are...
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NII Holdings Extends iDEN® Networks Contract With Motorola
Wednesday, October 27, 2010 - 3:02pm | 113The Motorola Solutions business of Motorola, Inc. (NYSE: MOT) and NII Holdings, Inc. (Nasdaq: NIHD) today announced they have agreed to extend Motorola's supply of iDEN infrastructure to NII Holdings for three additional years. Extension of this longstanding agreement reflects both companies'...
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Bull & Bear: Sprint Nextel Corp. (S)
Wednesday, October 27, 2010 - 1:30pm | 300Shares of Sprint Nextel Corporation (NYSE: S) are lower on the session by 10.04%, trading at $4.29. The company reported Q3 earnings this morning that missed the Street's estimates. With such a large movement in the name, it is worth taking a look at the name from both sides of the isle. Bulls:...
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RBC Capital Changing Price Targets
Wednesday, October 27, 2010 - 1:01pm | 335RBC Capital is changing the following price targets and reiterating coverages: W.R. Berkley (NYSE: WRB); Outperform, from $30 to $31 Rogers Comms (NYSE: RCI); Sector Perform, from $46 to $44 National Oilwell Varco (NYSE: NOV); Outperform, from $55 to $70 Motricity (NASDAQ: MOTR); Outperform, from $...