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VZ
3 Numbers Weak Inflation Numbers Will Not Move ECB Policy
Analysts predict no change for the ECB s stimulus program ADP data should show a modestly firmer rise in US private payrolls for May A strike at tech company Verizon strike may skew employment figures for May US jobless claims are expected to fall for the third straight week The European Central Bank s monthly policy a...
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Top 10 ECB Takeaways Nonfarm Payrolls Preview
By Kathy Lien Managing Director of FX Strategy for BK Asset Management The European Central Bank s monetary policy announcement proved to be a big disappointment as it failed to trigger a breakout for EUR USD Although the currency pair rose to a 1 week high of 1 1220 before the monetary policy announcement it gave ...
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Sprint and T Mobile offer further price discounts
By Marina Lopes WASHINGTON Reuters Sprint Corp N S unveiled a plan on Thursday that gives subscribers access to unlimited data for 60 a month the industry s cheapest unlimited data offering as the carrier attempts to reverse the decline in its subscriber base Wireless carriers have been going after each othe...
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Sprint grabs lifeline with rural U S roaming deals
By Marina Lopes and Alina Selyukh WASHINGTON Reuters With plans for a T Mobile US Inc merger in tatters Sprint Corp is expanding a roaming program with rural cellphone companies that could provide a much needed way for the debt laden wireless carrier to cheaply increase its footprint In March Sprint Chairman Mas...
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Sprint expands rural roaming program adding 15 new carriers
By Alina Selyukh WASHINGTON Reuters Sprint Corp said on Friday it was adding 15 new rural and regional wireless providers to its U S roaming program a move bolstering the company s efforts to cheaply expand its footprint as it fights to stay competitive as a national carrier The program allows Sprint and its sma...
XOM
Crude oil poised to gain in Asia as Harvey hits U S Gulf hard
Investing com Crude oil prices were poised to gain in Asia on Monday in the aftermath of the massive hit taken to U S Gulf Coast output from Hurricane Harvey and follow on flooding inland in Texas The U S West Texas Intermediate crude October contract was last quoted up 0 10 to to 47 92 a barrel Elsewhere on t...
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Crude oil mixed in Asia as U S benchmark down on Harvey impact
Investing com Crude oil prices were mixed in Asia on Monday in the aftermath as the U S benchmark was hit by initial weaker demand expectations after the massive hit taken to U S Gulf Coast output and refineries from Hurricane Harvey and follow on flooding inland in Texas The U S West Texas Intermediate crude Oct...
CSCO
Cisco Systems CSCO Stock Sinks As Market Gains What You Should Know
In the latest trading session Cisco Systems NASDAQ CSCO closed at 44 06 marking a 0 32 move from the previous day This move lagged the S P 500 s daily gain of 0 01 Elsewhere the Dow gained 0 35 while the tech heavy Nasdaq added 0 45 Prior to today s trading shares of the seller of routers switches sof...
CSCO
Palo Alto Networks posts biggest revenue rise in 10 quarters
By Abhirup Roy Reuters Cyber security company Palo Alto Networks Inc N PANW reported its strongest revenue growth in 10 quarters and forecast better than expected growth in the current quarter as governments and companies spend more to protect themselves from cyber attacks Palo Alto s shares rose about 5 percent...
CSCO
Cisco router break ins bypass cyber defenses
By Eric Auchard FRANKFURT Reuters Company corrects the 15th paragraph beginning The malicious programme to clarify that the nickname SYNful refers to the signal routers sent to open up communication with other routers rather than how the implanted software jumps between routers Security researchers say the...
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AT T Poised For Long Term Growth Competition Woes Rife
On May 18 we issued an updated research report on U S telecom behemoth AT T Inc NYSE T AT T reported strong financial results in the first quarter of 2016 with both the top and the bottom line beating the Zacks Consensus Estimate However the company s U S postpaid wireless subscriber addition of 129 000 was...
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The Zacks Analyst Blog Highlights AT T Verizon Communications T Mobile US And Sprint
For Immediate Release Chicago IL May 20 2016 Zacks com announces the list of stocks featured in the Analyst Blog Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets Stocks recently featured in the blog include AT T NYSE T Inc Ver...
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Verizon VZ Q2 Results Likely To Be Hit By Labor Unrest
Yesterday Lowell McAdam CEO of Verizon Communications Inc NYSE VZ warned that the company s second quarter 2016 financial results may be affected by the ongoing strike of its wireline and cable TV workers which started from Apr 13 2016 Verizon and the striking unions The Communications Workers of America CWA ...
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Dycom Industries DY Q3 Earnings Revenues Beat Up Y Y
Dycom Industries Inc NYSE DY posted an earnings beat in the third quarter of fiscal 2016 after a miss in the preceding quarter The specialty contracting services provider reported adjusted earnings per share of 1 08 in the quarter crushing the Zacks Consensus Estimate of 75 cents by 44 Also the bottom line wi...
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France s Iliad challenges Sprint for control of T Mobile
By Soyoung Kim and Leila Abboud PARIS NEW YORK Reuters French telecommunications company Iliad SA PA ILD has made a surprise offer for T Mobile US Inc N TMUS setting up a potential bidding war with Sprint Corp N S the U S mobile carrier now controlled by Japan s Softbank Corp T 9984 Iliad which has sha...
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T Mobile deal collapse could spark telecom price war
By Marina Lopes WASHINGTON Reuters Sprint Corp s N S newly appointed Chief Executive Marcelo Claure has so far had a Midas touch in the telecoms industry turning Brightstar a reseller of U S handsets to Latin America into a distributor valued at 2 2 billion when it was sold to Japan s SoftBank T 9984 But ...
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T Mobile CEO expects to unseat Sprint as No 3 carrier
By Marina Lopes WASHINGTON Reuters T Mobile US N TMUS will overtake Sprint Corp N S as the No 3 wireless U S carrier in subscribers by the end of the year Chief Executive John Legere tweeted on Thursday The declaration came a day after T Mobile said it surpassed Sprint as the No 1 wireless provider for pre...
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Dividend payers attractive again as bond yields fall
By Caroline Valetkevitch NEW YORK Reuters Investors once again are snapping up high dividend paying U S stocks as Treasury yields fall which should keep utilities and telecom stocks near the top of the buying list for the near future The S P 500 utility sector whose dividend yield at 3 9 percent is more than 1...
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U S to review rates for telecom special access lines
WASHINGTON Reuters U S telecommunications regulators will review rates at which telecommunications providers sell high capacity data and voice connections known as special access lines to businesses the Federal Communications Commission said on Monday Many businesses rely on special access lines to transmit la...
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Sprint cuts rates CEO says more new plans to come
By Marina Lopes and Carey Gillam OVERLAND PARK Kan WASHINGTON Reuters Sprint Corp N S on Monday unveiled a new pricing plan that offers customers 20 gigabytes of data and up to 10 lines for 100 doubling its data offerings the latest in a string of price cuts and promotions sweeping the wireless industry Spri...
XOM
More on Exxon s climate problems
ExxonMobil NYSE XOM contributed to advancing climate science by way of its scientists academic publications but promoted doubt about it in advertorials Harvard University researchers wrote in the Environmental Research Letters journal Given this discrepancy we conclude that ExxonMobil misled the public T...
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Harvard researchers say Exxon misled public on climate science
By Emily Flitter NEW YORK Reuters Two Harvard University researchers said in a study published on Wednesday they had collected scientific data proving Exxon Mobil Corp NYSE XOM made explicit factual misrepresentations in newspaper ads it purchased to convey its views on the oil industry and climate science I...
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Oil steady after U S crude stockpiles drop traders watch Gulf of Mexico storm
By Henning Gloystein SINGAPORE Reuters Oil was steady on Thursday holding gains from the previous session after another fall in U S crude inventories indicated a tighter market and as a tropical storm was heading for oil producing facilities in the Gulf of Mexico Brent crude futures LCOc1 the international b...
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Shell Anadarko Exxon cut Texas Gulf coast production ahead of storm
Royal Dutch Shell LON RDSa RDS A RDS B Anadarko Petroleum NYSE APC and Exxon Mobil NYSE XOM say they are curbing some oil and gas production at facilities in the Gulf of Mexico and on the Texas Gulf coast in preparation for tropical storm Harvey As of 7 a m the NOAA measured tropical storm force winds at...
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Wall Street s favorite weatherman says Harvey could cause historic flooding
Tropical storm Harvey will become a Category 2 hurricane late today says Weather com s Dan Leonard as the storm grows stronger and more quickly than many meteorologists had been forecasting Historic flooding from Houston to San Antonio is very possible drenching the area for 4 5 days says Leonard a top weather ...
CSCO
Cisco Systems CSCO Gains As Market Dips What You Should Know
Cisco Systems NASDAQ CSCO closed the most recent trading day at 47 34 moving 0 11 from the previous trading session The stock outpaced the S P 500 s daily loss of 0 22 Elsewhere the Dow lost 0 11 while the tech heavy Nasdaq lost 0 25 Heading into today shares of the seller of routers switches software ...
VZ
Zacks Industry Outlook Highlights Verizon Communications AT T Sprint And T Mobile US
For Immediate Release Chicago IL May 13 2016 Today Zacks Equity Research discusses the Telecom Part 3 including Verizon Communications Inc NYSE VZ AT T Inc NYSE T Sprint Corp and T Mobile US Inc Industry Telecom Part 3 Link Technological invention and innovation at a rapid...
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Cuban Shores Beckon US Telecom Operators VZ S TMUS T
President Barack Obama s decision to normalize U S diplomatic and economic relations with Cuba which has been considerably strained since 1961 is starting to show results Under his administration new Cuban policy regulations which have been approved by the Treasury and Commerce departments helped the U S teleco...
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U S Equity And Economic Review The Market Retreats From A High Again
This week s employment news was mixed Initial unemployment claims increased for the third consecutive week this time to 294 000 While some commentators argued that the Verizon Communications NYSE VZ strike caused this week s increase the DOL release did not specifically mention a primary cause This gain combined...
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Verizon VZ To Resume Talks With Unions To End Labor Strike
Verizon Communications Inc NYSE VZ is willing to negotiate with workers unions representing its wireline and cable workers which went on strike from Apr 13 2016 The two sides will start talks today Last Sunday the U S Secretary of Labor Thomas Perez met with Verizon CEO Lowell McAdam and the heads of the t...
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4 Best Ranked Touchstone Mutual Funds
As of Apr 30 Touchstone Investments managed 15 6 billion of assets excluding money market instruments invested in a wide range of mutual funds The mutual funds are managed by equity and fixed income funds as well as domestic and foreign funds The company seeks to help investors achieve their financial goals by ...
VZ
Verizon Q2 adjusted EPS 0 91 beats expectations for 0 90
Investing com Verizon Communications NYSE VZ the largest mobile network operator in the U S reported better than expected second quarter earnings and revenue ahead of Tuesday s opening bell sending its shares higher in pre market trade Verizon said adjusted earnings per share came in at 91 cents above expecta...
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Verizon revenues top estimates on wireless surge
By Marina Lopes Reuters Verizon Communications Inc the largest U S wireless telecommunications company on Tuesday reported better than expected quarterly revenue on a jump in wireless customers and a surge in tablet sales The increase in customers is a boost for Verizon which has been reluctant to follow riv...
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Sprint T Mobile merger not expected before September sources
By Marina Lopes Soyoung Kim and Liana B Baker WASHINGTON NEW YORK Reuters The long anticipated merger of Sprint Corp N S and T Mobile US Inc N TMUS is not expected to occur before September with the companies continuing due diligence and preparing a detailed case for a deal before U S regulators according ...
XOM
Crude oil futures weekly outlook August 21 25
Investing com Oil prices settled sharply higher on Friday jumping about 3 in a surprise rally amid reports of a unit shutdown at one of the largest oil refineries in the U S as well as data showing a weekly fall in the number of active domestic oil rigs Traders piled into crude contracts after reports surfaced t...
XOM
Crude mixed in Asia in narrow ranges with rebalance views growing
Investing com Crude oil prices were narrowly mixed among the two main benchmarks on Monday in Asia with the market poised to accept a rebalancing in global supply and demand is underway but cutious on potential new supplies from produces such as Libya Nigeria and the U s upsetting those views The U S West Texas ...
XOM
Oil starts the week on back foot amid U S production jitters
Investing com Oil prices drifted lower on Monday as concern over rising production in the U S dampened sentiment Data from the U S Energy Information Administration showed last week that total domestic crude production edged up by 79 000 barrels a day to 9 5 million barrels its highest level since July 2015 Tha...
XOM
Crude prices remain lower amid glut worries
Investing com Crude oil prices remained lower on Monday as concerns over U S oil production levels and a global supply glut persisted The U S West Texas Intermediate crude September contract was at 48 55 a barrel by 9 00 a m ET 01 00 p m GMT down 13 cents or around 0 27 Elsewhere Brent oil for October d...
XOM
Exxon needs to raise its dividend to boost stock Wells Fargo says
Exxon Mobil NYSE XOM needs to raise its dividend to lift the stock in any meaningful way as a bigger payout would signal to the market that lower for longer oil prices are no longer restraining cash returns Wells Fargo NYSE WFC analysts say In an analyst lunch last Thursday XOM CEO Darren Woods offered no ...
CSCO
ETFs To Watch On Cisco s Solid Results
After the closing bell on Wednesday tech prime Cisco Systems NASDAQ CSCO reported robust fiscal 2019 first quarter results The networking giant topped estimates on both revenues and earnings and provided an upbeat outlook Results in DetailEarnings of 68 cents per share outpaced the Zacks Consensus Estimate by a c...
CSCO
Cisco Rises On Solid Quarter More Room To Run
Summary Cisco Systems NASDAQ CSCO traded 6 higher on Thursday morning The company posting earnings that beat Wall Street expectations for revenue and earnings demonstrating it was continuing to deliver on its software as a service business model Given its positive technical patterns we see additional upside ...
CSCO
Cisco Systems CSCO Stock Moves 1 29 What You Should Know
Cisco Systems NASDAQ CSCO closed at 45 75 in the latest trading session marking a 1 29 move from the prior day This change was narrower than the S P 500 s 1 66 loss on the day Meanwhile the Dow lost 1 56 and the Nasdaq a tech heavy index lost 3 03 Heading into today shares of the seller of routers swi...
CSCO
Cisco to buy OpenDNS for 635 million to boost security business
By Abhirup Roy Anya George Tharakan and Liana B Baker Reuters Cisco Systems Inc O CSCO said on Tuesday it would buy OpenDNS a privately held cloud based security firm for 635 million the latest move to boost its security business as cyber attacks increase in number and sophistication Cisco has been buying ...
CSCO
BlackBerry names Cisco veteran as global head of sales
By Euan Rocha TORONTO Reuters BlackBerry Ltd named Carl Wiese as head of global sales on Monday an appointment that comes at a critical juncture for the former smartphone leader which needs to spur top line growth for its turnaround efforts to succeed Wiese has spent the past 12 years at Cisco Systems Inc NASD...
VZ
Jobs Friday Results
DOW 79 17 740SPX 6 2057NAS 19 473610 Y 03 1 78 OIL 29 44 61GOLD 10 10 1288 70 in April missing expectations of about 200 000 The unemployment rate held steady at 5 Employment gains for March and February meanwhile were reduced by a combined 19 000 The government said 208 000 new jobs w...
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US Cellular USM Poised For Long Term Growth Risks Stay
On May 10 we issued an updated research report on wireless service provider United States Cellular Corp NYSE USM a subsidiary of Telephone and Data Systems Inc NYSE T United States Cellular posted dismal first quarter 2016 results wherein both the top and the bottom line failed to beat the Zacks Consensus ...
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Don t Miss Out On Telecom Momentum
Telecommunications is one of the few industries to have undergone rapid technological improvements during the recession An era of digitization and technology has essentially been built on the very human need to remain connected It is in this context that telecommunications comes to the fore as a necessary utility Th...
VZ
Zacks Industry Outlook Highlights Verizon Communications Alphabet Comcast T Mobile US And America Movil S A B
For Immediate Release Chicago IL May 12 2016 Today Zacks Equity Research discusses the Telecom Part 2 including Verizon Communications Inc NYSE VZ Alphabet Inc Comcast Corp NASDAQ CMCSA T Mobile US Inc and America Movil S A B Industry Telecom Part 2 Link Telecommunicat...
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U S Telecom Pricing War Net Neutrality Woes
Technological invention and innovation at a rapid clip have resulted in significant competition within the telecommunications industry Product life cycle and upgrade cycle have gone down drastically with several firms coming out with new versions of products and services back to back within a short span of time To ...
VZ
Sprint Close To Agreement On Terms To Buy T Mobile Report
By Sprint Corp NYSE S is closing in on an agreement to pay 40 a share to buy T Mobile US Inc NYSE TMUS Bloomberg reported on Wednesday drawing the two companies toward a deal to combine the country s third and fourth largest telecoms carriers The price reportedly under discussion represents about a 17 perce...
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Sprint Agrees To Buy T Mobile For 32 Billion
By Sprint Corporation NYSE S has agreed to pay about 32 billion or 40 per share to buy T Mobile US Inc NYSE TMUS Reuters reports taking the third and fourth largest U S mobile network operators one step closer in their merger that could happen as early as this summer The share price is 17 percent above ...
XOM
Philippines says China agrees on no new South China Sea expansion
China has assured the Philippines it will not occupy new features or build new structures in the South China Sea the Philippine defense minister says Philippines also is working on a commercial deal with China to explore and exploit oil and gas resources in disputed areas of the South China Sea with an aim to begin...
XOM
Exxon safety order voided by U S appeals court
A U S appeals court has voided an order that would have required Exxon Mobil XOM 0 9 to revise its pipeline safety procedures after the 2013 Pegasus pipeline spill in Arkansas The U S Pipeline and Hazardous Materials Safety Administration issued the order in 2015 and it could have applied to more than 1K mile...
XOM
Tillerson condemns racism calls for national reconciliation
By Yeganeh Torbati WASHINGTON Reuters U S Secretary of State Rex Tillerson issued a forceful condemnation of bigotry in all its forms on Friday and called for national reconciliation as he promised to work toward making the government more racially diverse His remarks to State Department interns and fellows d...
CSCO
Cisco Systems CSCO Earnings Expected To Grow What To Know Ahead Of Next Week s Release
Cisco Systems NASDAQ CSCO is expected to deliver a year over year increase in earnings on higher revenues when it reports results for the quarter ended October 2018 This widely known consensus outlook gives a good sense of the company s earnings picture but how the actual results compare to these estimates is a pow...
CSCO
Cisco Systems CSCO Q1 Earnings And Revenues Top Estimates
Cisco Systems NASDAQ CSCO came out with quarterly earnings of 0 75 per share beating the Zacks Consensus Estimate of 0 72 per share This compares to earnings of 0 61 per share a year ago These figures are adjusted for non recurring items This quarterly report represents an earnings surprise of 4 17 A quarter...
CSCO
U S top court rules against Cisco Systems in patent infringement fight
By Lawrence Hurley WASHINGTON Reuters The U S Supreme Court on Tuesday ruled against Cisco Systems Inc O CSCO over a patent infringement claim the tech giant is fighting On a 6 2 vote with Justice Stephen Breyer recused from the case the court threw out a ruling by the U S Court of Appeals for the Federal Ci...
CSCO
U S tech firm Cisco to invest 10 billion in China expansion
By Dominique Patton BEIJING Reuters Cisco O CSCO plans to invest more than 10 billion in China along with local business partners over the next several years the U S network equipment maker said on Wednesday as it seeks to shore up its position against strong domestic rivals Cisco the world s biggest maker ...
CSCO
BlackBerry quarterly software revenue jumps shares climb
By Euan Rocha WATERLOO Ontario Reuters BlackBerry Ltd TO BB O BBRY said on Tuesday its turnaround gained traction as sales at its crucial software segment rose in the first quarter and its broader revenue slide began to ease sending its shares up 4 3 percent Quarterly revenue totaled 658 million in the quar...
VZ
Verizon to Commercially Deploy 5G Wireless Networks in 2017
The U S telecom behemoth Verizon Communications Inc NYSE VZ is currently conducting field trials for its upcoming 5G wireless network with its partners The company is looking at mobile hotspot and fixed wireless for initial deployment of the next generation 5G wireless networks in the U S in 2017 Verizon s CFO...
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Yahoo CEO To Get Severance Package Worth 55M Upon Sale
It seems that Yahoo Inc NASDAQ YHOO still has long way to go and a number of hurdles to cross before its future is ascertained After losing more than a third of its important executives Yahoo somehow managed to avert a proxy war and is still struggling to get a suitable buyer But the nightmare doesn t seem to e...
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The Zacks Analyst Blog Highlights Yahoo Verizon Communications Facebook And Blue Calypso
For Immediate Release Chicago IL May 03 2016 Zacks com announces the list of stocks featured in the Analyst Blog Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets Stocks recently featured in the blog include the Yahoo Inc NASDAQ YHOO ...
VZ
Sprint S Q4 Loss Wider Than Expected Revenues Beat
Sprint Corp NYSE S reported mixed financial results in the fourth quarter of fiscal 2015 wherein revenues outpaced the Zacks Consensus Estimate while earnings lagged the same This Zacks Rank 3 Hold stock faces fierce competition in the U S wireless market from the likes of Verizon Communications Inc NYSE VZ...
VZ
Vodafone Fully Takes Over Indian Operations For 1 68B
By Vodafone Plc ADR NASDAQ VOD on Friday acquired full control of its India operations by buying out minority shareholders including an 11 percent stake held by a local conglomerate for nearly 1 7 billion UK based Vodafone closed the deal by buying a minority stake worth 1 48 billion from Piramal Enterprises L...
VZ
Can T Mobile Survive Without A Merger
By T Mobile attracted new customers at a breakneck pace with its Un Carrier initiative offering to pick up the tab for new customers willing to break contracts with their existing provider Some 1 3 million monthly subscribers were added in the first quarter of 2013 alone But the cost of those early termination ...
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Comcast Partners With Japan s KDDI Taiwan Mobile
By Comcast Corp NASDAQ CMCSA is offering at least two Asian cellular operators access to its WiFi hot spots in the United States in trial partnerships that illustrate the cable company s ambitions to compete with U S wireless carriers The deals with Japan s KDDI TOKYO 9433 and Taiwan Mobile allow their subscr...
XOM
Exclusive Exxon mulls Beaumont refinery crude unit addition
By Erwin Seba HOUSTON Reuters ExxonMobil NYSE XOM Corp is considering expanding light crude processing capacity at its Beaumont Texas refinery with the addition of a third crude distillation unit a company spokeswoman said on Thursday If approved construction could begin on Unit C in 2019 and be completed in...
XOM
Senior U S envoy tries to calm fears over State Department re design
By Yeganeh Torbati WASHINGTON Reuters The No 2 U S diplomat on Tuesday sought to allay concerns among the State Department s rank and file employees over possible layoffs and perceptions of a lack of firm direction under the administration of President Donald Trump U S Secretary of State Rex Tillerson formerly...
CSCO
Conspicuous Weakness In Market Internals A Bad Omen For Stocks
One week ago FactSet revealed that 250 of the stocks in the S P 500 had dropped more than 20 from all time peaks The index itself however had only declined a modest 5 from its record top Today there are more indications of market distress The Russell 2000 a popular small cap barometer has dropped 13 from it...
CSCO
Strong revenues for Cisco Systems in spite of CEO Chambers departure
Investing com Days after outgoing CEO John Chambers reaffirmed a decision to leave his post later this summer Cisco Systems Inc NASDAQ CSCO posted strong earnings on Wednesday for the quarter that ended in late April Cisco posted third quarter revenue of 12 1 billion a spike of 5 from the same period in 2014 ...
CSCO
Cisco profit edges past estimates despite weak telecom spending
By Anya George Tharakan and Arathy S Nair Reuters Cisco Systems Inc s O CSCO quarterly profit edged past market estimates as demand for new switches routers wireless gear and servers made up for sluggish spending by telecom customers and weak sales in emerging markets The network equipment maker is making a tr...
VZ
Sector Earnings Update Can Telco Sustain Its Upside Momentum
I wanted to post this data from Thomson and Factset just to show how sector earnings data can be useful and how forward estimates can be impacted by M A Here is the spreadsheet detailing the trends in revenue and forward earnings estimates for the Telecom sector Q4 15 was the strongest quarter of Telco earnings gr...
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Dow SPX Finally Turn Positive
Markets Even though all 4 indexes were negative in March the Dow and the S P 500 finally turned positive for 2016 However the NASDAQ and the Russell 2000 small caps are still in the red As you ll see in the Sectors section below all sectors were positive in March with Tech Energy and Utilities leading the way ...
VZ
Vodafone To Buy Spanish Cable Operator For 10B
By British telecom giant Vodafone NASDAQ VOD will buy Spanish cable operator Grupo Corporativo Ono for 7 2 billion euros 10 billion to make deeper inroads into television and broadband Internet news reports said Monday citing sources The deal is expected to be announced Monday and should get regulatory appr...
XOM
Exxon profit nearly doubles but falls short of expectations
By Ernest Scheyder Reuters Exxon Mobil Corp NYSE XOM the world s largest publicly traded oil producer said on Friday its quarterly profit nearly doubled on surging margins at its operations outside the United States but results fell shy of Wall Street s expectations Shares of Irving Texas based Exxon fell ...
XOM
Eni to fast track first oil from Gulf of Mexico s Amoca field
Eni E 0 8 says it will fast track development of the first new field drilled by an international company in Mexico in nearly 80 years after discovering an estimated 1bn barrels of oil in the Gulf of Mexico s Amoca field earlier this year Eni CEO Claudio Descalzi tells Financial Times that plans are being prepared ...
XOM
Trump administration sends conflicting signals on Russia sanctions
By Yeganeh Torbati WASHINGTON Reuters President Donald Trump grudgingly accepted new congressional sanctions on Russia the top U S diplomat said on Tuesday remarks in contrast with those of Vice President Mike Pence who said the bill showed Trump and Congress speaking with a unified voice The U S Congress v...
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3 Top Ranked Large Cap Value Mutual Funds For Great Returns
Large cap funds are better than small or mid cap ones for risk averse investors These funds have exposure to large cap stocks with a long term performance history and more stability than what mid or small caps offer Companies with market capitalization of more than 10 billion are generally considered large cap How...
XOM
Eni E Expands Footprint In Mexico With New Block Wins
Eni SpA NYSE E has been awarded three out of 10 offshore blocks by Mexico s National Hydrocarbon Commission CNH in the Sureste Basin situated in the Gulf of Mexico The first bids awarded under Ronda 2 saw CNH offer blocks located in water depth ranging between 20 to 500 meters in the Sureste and Tampico Misant...
VZ
Daily Stock Market Forecast Monday Lower
The Hoot Actionable ideas for the busy trader delivered daily right up front Monday lower ES pivot 2023 67 Holding below is bearish Rest of week bias lower technically Monthly outlook bias higher Single stock trader ended Happy New Year And good riddance to 2015 With all the holidays now out of the way an...
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Thursday s Market Forecast Is It 2008 All Over Again
The Hoot Actionable ideas for the busy trader delivered daily right up front Thursday uncertain ES pivot 1845 92 Holding above is bullish Friday bias uncertain technically Monthly outlook bias lower YM futures trader N VZ not a swing trade buy OK so we all know what happened on Wednesday it was Stockopa...
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Unrest bubbles among Trump s key foreign policy aides sources
By John Walcott WASHINGTON Reuters Frustration is mounting among leading foreign policy officials in President Donald Trump s administration as they chafe at some policy and bureaucratic defeats and complain they lack independence to do their jobs officials say The clash between internationalists urging the tradi...
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Exxon Mobil declares 0 77 dividend
Exxon Mobil NYSE XOM declares 0 77 share quarterly dividend in line with previous Forward yield 3 82 Payable Sept 11 for shareholders of record Aug 14 ex div Aug 10 Now read
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The Day Ahead Top 3 things to watch
Investing com Here s a preview of the top 3 things that could rock markets tomorrow US GDP to show rebound in second quarter The U S economy is expected to show an improvement in the second quarter with the release of preliminary GDP figures due Friday as economist forecast GDP grew at an annualised rate of 2 5 ...
XOM
Exxon Mobil misses by 0 06 beats on revenue
Exxon Mobil NYSE XOM Q2 EPS of 0 78 misses by 0 06 Revenue of 62 9B 9 0 Y Y beats by 980M Shares 0 4 PM Press ReleaseNow read
CSCO
Cisco CSCO Down 2 6 Since Earnings Report Can It Rebound
A month has gone by since the last earnings report for Cisco Systems Inc NASDAQ CSCO Shares have lost about 2 6 in that time frame Will the recent negative trend continue leading up to its next earnings release or is CSCO due for a breakout Before we dive into how investors and analysts have reacted as of la...
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BP Reliance To Invest 6 Billion In Gas Blocks In India
BP plc LON BP NYSE BP and Reliance Industries have planned an investment of 6 billion to augment India s gas output from an east coast block D6 The companies are collaborating after eight years and plan to work in an area where both face troubles while increasing their production These companies aim to expand ...
CSCO
Dow Drops 100 Points As Oil Surges On Saudi Airstrikes In Yemen
By Dow Jones Industrial Average dropped more than 100 points Thursday morning after tensions in the Middle East escalated overnight triggering fears over crude oil supply Saudi Arabia began military airstrikes in Yemen sending oil prices surging as much as 6 percent overnight title Reuters Brendan McDermid ...
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VIX Ready To Move Lower So Calling Thursday Higher
The Hoot Actionable ideas for the busy trader delivered daily right up front Thursday higher ES pivot 2052 00 Holding below is bearish Friday bias uncertain technically Monthly outlook bias higher Single stock trader N VZ not a swing trade buy Recap Things were looking great for my call for a higher close W...
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Friday s Forecast Market Futures To Move Higher
The Hoot Actionable ideas for the busy trader delivered daily right up front Friday higher ES pivot 2053 33 Breaking above is bullish Next week bias uncertain technically Monthly outlook bias higher Single stock trader N VZ not a swing trade buy It s been quite an interesting week in the markets so far Man...
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Monday Higher ES Pivot 2023 67
The Hoot Actionable ideas for the busy trader delivered daily right up front Monday higher ES pivot 2023 67 Holding below is bearish Rest of week bias uncertain technically Monthly outlook bias lower Single stock trader N VZ not a swing trade buy Well it looks like I picked a bad day to be wrong last Friday...
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With Fed News Ahead Calling Wednesday Uncertain
The Hoot Actionable ideas for the busy trader delivered daily right up front Wednesday uncertain ES pivot 2039 50 Holding above is bullish Rest of week bias uncertain technically Monthly outlook bias lower Single stock trader N VZ not a swing trade buy It s nice to see the technicals play out as expected for...
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If ES Stays Above New Pivot By Mid Morning Thursday Will Close Higher
The Hoot Actionable ideas for the busy trader delivered daily right up front Thursday higher only if ES stays above its new pivot else lower ES pivot 2063 00 Holding above is bullish Friday bias uncertain technically Monthly outlook bias lower Single stock trader N VZ not a swing trade buy Recap I had a bad fe...
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Market Rally Comes To An End
The Hoot Actionable ideas for the busy trader delivered daily right up front Friday lower ES pivot 2049 67 Holding below is bearish Next week bias uncertain technically Monthly outlook bias lower Single stock trader VZ not a swing trade buy Recap Blame it on Fed regret or on the price of oil which snapped a ...
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Monday Stock Forecast Uncertain Monthly Outlook Higher
The Hoot Actionable ideas for the busy trader delivered daily right up front Monday uncertain ES pivot 2053 33 Holding below is bearish Rest of week bias uncertain technically Monthly outlook bias higher Single stock trader N VZ still not a swing trade buy Ho ho ho Looks like Santa showed up just in the St ...
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Tuesday s Stock Market Forecast
The Hoot Actionable ideas for the busy trader delivered daily right up front Tuesday higher only if ES remains above its pivot else lower ES pivot 2046 17 Holding above is bullish Rest of week bias uncertain technically Monthly outlook bias higher Single stock trader VZ still not a swing trade buy It was pr...
XOM
Exxon fined in 2016 explosion at Louisiana oil refinery
Exxon Mobil XOM 0 4 is fined 165K by U S regulators for safety lapses related to an explosion that injured four workers at an aging Baton Rouge La refinery last year XOM says it will contest the fines and nine citations issued by OSHA a separate investigation by the U S Chemical Safety Board is ongoing and...
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Papua New Guinea PM wins seat in general election as votes are tallied
By Harry Pearl SYDNEY Reuters The prime minister of Papua New Guinea PNG Peter O Neill has won a fourth term in Parliament but the South Pacific nation is still no clearer on who will lead it through a period of economic uncertainty Opposition politicians have harshly criticized O Neill s economic management...
XOM
Exxon pulling out of talks on Indonesia s East Natuna gas field
Exxon Mobil s XOM 0 2 Indonesian unit says it will stop further discussions or activity involving the country s East Natuna natural gas block believed to hold one of the world s largest reserves of untapped gas XOM said developing the block would be uneconomical for the company under current terms but it of...
XOM
Exxon fined 2M for violating Russia sanctions while Tillerson was CEO
Exxon Mobil XOM 0 6 is fined 2M by the Treasury Department for violating U S sanctions against Russian individuals citing actions taken while Secretary of State Tillerson was serving as the company s CEO XOM subsidiaries dealt with someone whose property and interests in property were blocked namely by sign...