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SoftBank Shares Jump 13% Ahead Of Quarterly Earnings Report, Follow Sprint, T-Mobile Merger News
Tuesday, February 11, 2020 - 11:43pm | 459The shares of SoftBank Group Corporation (OTC: SFTBY) surged in early Wednesday trade in Tokyo as a United States judge approved the merger of its troubled telecommunications carrier subsidiary Sprint Corporation (NYSE: S) with T-Mobile US Inc. (NASDAQ: TMUS). What Happened A federal...
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T-Mobile CEO Says There's 'Huge Headroom To Grow Competitively'
Wednesday, April 29, 2015 - 1:59pm | 352T-Mobile US Inc (NYSE: TMUS) reported first-quarter results on Tuesday, which were slightly better than analysts' estimates. While analysts were expecting an EPS loss of $0.10 on sales of $7.7 billion, T-Mobile declared EPS loss of $0.09 on sales of $7.8 billion. John Legere, T-Mobile USA CEO...
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Market Wrap For May 1: Markets Mixed To Start The New Month
Thursday, May 1, 2014 - 4:35pm | 2905U.S. stocks were little moved to start off the month of May as investors and traders are cautious before April's nonfarm payrolls report are released on Friday. The consensus estimate for Friday's figure stands at 215,000 which would trump March's 192,000 number. “This is a really important...
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Market Wrap For March 4: Bulls Take Over As Ukraine Fears Dissipate
Tuesday, March 4, 2014 - 5:37pm | 2664U.S. stocks recovered and posted strong gains as concerns over a military conflict involving Russia and Ukraine dissipated overnight. The Dow posted a triple digit point gain, recording its best day of the year. The S&P 500 surged to new all time highs of 1,876.23 while the Nasdaq hit new...
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Market Wrap For January 27: China Concerns, Declining Home Sales, Tomorrow's Fed Meeting and Obama's Speech Keep Markets Lower
Monday, January 27, 2014 - 5:48pm | 2489U.S. stocks picked up where they left off on Friday and declined today as investors have plenty on their mind. With earnings being a mixed bag, investors are looking at emerging markets and economic data to support a bullish case for equities. On the emerging market front, investors remain...
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Market Wrap For December 20: Markets Gain On GDP Data
Friday, December 20, 2013 - 5:44pm | 1875Major indices received a boost in Friday's trading activity following a better than expected third quarter GDP. The surprising economic data is yet another key data that may suggests that the economy is healthy enough and could handle the Fed's recent decision to taper its bond buying program....
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Market Wrap For December 18: Markets Flat During Day One Post Fed Taper
Thursday, December 19, 2013 - 5:47pm | 2272Major indices barely budged Thursday following yesterday's monster rally after the Fed announced it will begin tapering. Overall volume was below average which is typical in the final trading days of the year. Next week will be shortened as investors break for Christmas and a week later for new...
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AT&T CEO Says Smartphone Subsidies Must End
Thursday, December 12, 2013 - 9:52am | 588AT&T(NYSE: T) CEO Randall Stephenson at an investor conference in New York Tuesday said wireless operators could no longer afford to subsidize the cost of constant smartphone upgrades for customers. Noting that smartphone penetration was more than 75 percent and would soon reach 90 percent...
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Market Wrap For November 18: Markets Hit New Highs Before Carl Icahn Comments
Monday, November 18, 2013 - 5:53pm | 1763Asian markets set the tone for Monday's trading session with Hong Kong and Shanghai indices receiving a boost from China's reforms which will open up the country's financial sector and ease restrictions on investments. Europe followed suit with major indices inching higher. It was only...
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Apple Says It's Responsible for Half Million-Plus Jobs
Monday, March 5, 2012 - 2:05pm | 565Apple (NASDAQ: AAPL) says it is responsible for 514,000 US jobs. The stated number goes beyond the around 47,000 people that work directly for the company, to include anyone “from the engineer who helped invent the iPad to the delivery person who brings it to your door.” It is the first time the...
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Sprint Nextel Could Profit from AT&T Policy Change
Friday, March 2, 2012 - 2:47pm | 431AT&T (NYSE: T) announced that it will begin to reduce mobile phone download speeds for any of its unlimited data plan users who reach specific data thresholds. AT&T said that the changes to its unlimited data plans were necessitated because of skyrocketing mobile phone broadband usage and...
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Gabelli Comments On AT&T's Acquisition Of T-Mobile
Tuesday, March 22, 2011 - 9:10am | 126In a report published by Gabelli, AT&T's (NYSE: T) acquisition of T-Mobile USA makes a lot of strategic and financial sense. Gabelli said that it should enhance its spectrum and network position, improve business mix, generate significant synergies, and could lead to more rational pricing...
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Deutsche Bank Predicts Revenue Impact Of AT&T/T-Mobile Merger (T, CCI, AMT, SBAC)
Tuesday, March 22, 2011 - 7:50am | 137Deutsche Bank Predicts Revenue Impact Of AT&T/T-Mobile Merger (T, CCI, AMT, SBAC) Deutsche Bank has predicted the revenue impact on public tower companies by the AT&T (NYSE: T) acquisition of T-Mobile. According to Deutsche Bank, "Yesterday, all 3 public tower companies issued statements...
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AT&T Stock Rises After Merger Announcement
Monday, March 21, 2011 - 10:02am | 70After signing a deal to acquire T-Mobile USA over the weekend, AT&T (NYSE: T) stock has risen $0.66 since the opening of the market this morning. The 2.36% rise shows the public's approval of this deal and anticipation of the merger. On the opposite end, Sprint Nextel Corp. (NYSE: S) stock...
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Goldman Sachs Reports On AT&T's Acquisition Of T-Mobile (T)
Monday, March 21, 2011 - 8:02am | 88Goldman Sachs has issued a report on the acquisition of T-Mobile USA by AT&T (NYSE: T). According to the report, "AT&T announced a proposed agreement with DT to acquire T-Mobile USA in a deal valued at approximately $39 bn ($25 bn cash, $14 bn stock). As part of the proposed deal, DT...