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TerreStar Networks Restructures Under Chapter 11
Tuesday, October 19, 2010 - 4:49pm | 147TerreStar Corporation (Nasdaq: TSTR) announced today that its majority-owned subsidiary TerreStar Networks Inc. and certain other affiliates have filed voluntary petitions for reorganization under chapter 11 of the U.S. Bankruptcy Code as part of a strategic plan to strengthen their financial...
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Televisa Foregoes Wireless Dream - Analyst Blog
Tuesday, October 19, 2010 - 4:36pm | 817Grupo Televisa S.A. (TV), the largest cable MSO (multi-service operator) and Media company in the Spanish-speaking world, has put aside its wireless initiatives, at least for the time being. The company, together with its partner NII Holdings Inc. (NIHD), yesterday announced the mutual decision...
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Millicom Reports Mixed Results - Analyst Blog
Tuesday, October 19, 2010 - 9:30am | 602Millicom International Cellular SA (MICC) has declared third quarter 2010 financial results. Quarterly total revenue of $1,017.7 million was an improvement of 13% year-over-year.Third quarter revenue was also better than the Zacks Consensus Estimate of $990 million. For the first time in...
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Earnings Scheduled For October 19 (GS, BAC, KO, YHOO, UNH, JNPR, SLM, NYT, HOG, JNJ, ITW, EMC, LMT, GILD, BK, MICC, STT, WDC, BSX, MNI, OXY, BTU)
Tuesday, October 19, 2010 - 4:46am | 550Goldman Sachs (NYSE: GS) is likely to report its Q3 earnings at $2.28 per share on $8.08 billion in revenue. Bank of America Corp (NYSE: BAC) may report its Q3 EPS at $0.17 on $27.15 billion in revenue. Coca-Cola Co (NYSE: KO) is expected to report its Q3 earnings at $0.89 per share on revenue of...
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Zacks #5 Rank Additions for Monday - Tale of the Tape
Monday, October 18, 2010 - 8:51am | 341Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Apollo Group Inc (APOL) Argo Group Intl Holdings Ltd (AGII) Broadcom Corp (BRCM) Clearwire Corp (CLWR) DineEquity Inc (DIN) View the entire Zacks #5 Rank List. ARGO GROUP INTL (AGII): Free Stock Analysis Report APOLLO GROUP...
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NII Holdings and Nextel Mexico Continue to Execute Plans to Deploy 3G Network
Monday, October 18, 2010 - 8:25am | 123NII Holdings, Inc. (Nasdaq: NIHD) and its subsidiary, Nextel Mexico, announced today that they will continue to execute upon the strategy that calls for the deployment of a third generation (3G) network across Mexico with the first phase of the commercial launch of that network expected to occur in...
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Citi Downgrades Millicom Intl Cellular To Hold
Monday, October 18, 2010 - 7:48am | 97Citi has recently downgraded Millicom Intl Cellular (NASDAQ: MICC) to Hold after the 30% share price outperformance versus the global telecom sector in 2010. The $100 target price is unchanged. In Latam TMT, TIM Brasil and NII remain our top picks. Citi is concerned about the impact of competitor...
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Clearwire Plans To Sell Spectrum
Thursday, October 14, 2010 - 8:22am | 118Oppenheimer recently reported the news of the day, that was Clearwire's (NASDAQ: CLWR) plans to auction some of its spectrum for what it believes will be in the $3B range. It thinks the likeliest winner in this auction would be T-Mobile, which needs spectrum for 4G services. Regardless, closing...
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Sizemore Capital Management 3rd Quarter 2010 Letter to Investors
Thursday, October 14, 2010 - 8:00am | 2283The following is Sizemore Capital Management LLC's Third Quarter 2010 Letter to Investors, reproduced with permission. To Our Investors, The third quarter of 2010 ended on a high note with the S&P 500 posting its strongest September in 71 years. Against this backdrop, our actively-managed...
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Benzinga's Top Upgrades (MGM, F, JNPR, VOD)
Thursday, October 14, 2010 - 7:15am | 150MGM Resorts International (NYSE: MGM) was upgraded by BMO Capital from “market perform” to "outperform." MGM's shares closed at $12.10 yesterday. MGM Resorts' earnings are likely to rise by 40.50% in the next year. Deutsche Bank upgraded Ford Motor Company (NYSE: F) from "hold" to "buy.” Ford's...
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Nomura Upgrades VOD To Buy
Thursday, October 14, 2010 - 5:57am | 41Analysts at Nomura Securities upgrade Vodafone Group Plc (NASDAQ: VOD) from "neutral" to "buy." VOD's shares gained 1.50% to close at $26.24 yesterday. More Analyst Ratings here
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Benzinga's Top ETF Decliners (ZSL, EDZ, BZQ, FXP)
Wednesday, October 13, 2010 - 6:19pm | 188ProShares UltraShort Silver (ETF) (NYSE: ZSL) dropped 5.71% today, as silver jumped above $24. ZSL closed at $18.16, and had a volume of 774K traded shares. Direxion Daily Emerging Markets Bear 3x Shares(ETF) (NYSE: EDZ) dropped 5.52%, as the emerging market stocks traded higher. Vale (ADR) (NYSE...
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Benzinga's Top ETF Gainers (CZM, AGQ, EDC, LBJ)
Wednesday, October 13, 2010 - 6:04pm | 174Direxion Daily China Bull 3x Shares ETF (NYSE: CZM) gained 6.88% on Wednesday, as China Mobile Ltd. (ADR) (NYSE: CHL) jumped 1.10%, and Baidu.com, Inc. (ADR) (NASDAQ: BIDU) added 0.33%. ProShares Ultra Silver (ETF) (NYSE: AGQ) jumped 5.62%, and closed at $100.30 on the strength in the silver prices...
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Partner Communications Enters into Agreement to Acquire 012 Smile
Wednesday, October 13, 2010 - 1:43pm | 120Partner Communications Company Ltd. (Nasdaq: PTNR) announces that it has entered today into a share purchase agreement with Merhav-Ampal Energy Ltd. and 012 Smile Telecom Ltd. according to which the Company shall acquire all of the outstanding shares of 012 Smile and shall assume certain loans from...
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Turkcell Becomes the First Operator to Integrate its Location-Based Mobile Application With Windows Live Messenger
Wednesday, October 13, 2010 - 12:06pm | 175Turkcell (NYSE: TKC) announces that Turkcell has become the first operator in the world to integrate its location-based mobile application with Windows Live Messenger. The application is "GEZENZI", one of the world's first location-based Web 2.0 micro-blogging platforms. Microsoft (NASDAQ: MSFT)...