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Level 3 Communications Inc. (LVLT)
Level 3, an internet services company, said it lost $182 million, or 11 cents per share, during the fourth quarter that ended Dec. 31. It earned $43 million a year ago, but that translated into a loss of 4 cents per share because a $78 million gain from an early debt repayment didn't count toward per-share results. Revenue fell 12 percent to $924 million from $1.05 billion a year earlier.
Despite the overall decline, the company said it did see continued improvement in customer buying behavior during the fourth quarter, which contributed to sequential growth in core network services sales
Feb 11 · 9:30:00 AM · Source: Company Press Release
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by Larry Etter
Globalstar Inc. (GSAT)
Globalstar, Inc., a leading provider of mobile satellite voice and data services to businesses, government, and consumers, announced today that it has commenced construction of a satellite tracking station in Botswana, located in Southern Africa.
The station will be used to complete the Globalstar satellite telemetry control unit (TCU) network that is to be used to monitor and control the Company's second-generation satellite constellation scheduled for launch
beginning this summer.
Feb 11 · 9:24:00 AM · Source: Company Press Release
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by Larry Etter
Sprint Nextel (S)
Sprint has announced a partnership with GetJar, the world's second largest app store. Through this agreement, GetJar's catalog of more than 60,000 free applications will now be available to all Sprint customers with feature phones such as the LG Lotus EliteTM, Samsung ReclaimTM and the Sanyo 2700. In addition, Sprint customers with RIM BlackBerry(R) and Windows Mobile devices also will have access to the GetJar library of applications.
This opens up the world of apps to customers who may not have a smartphone.
Feb 11 · 9:17:00 AM · Source: Company Press Release
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by Larry Etter
AT&T (T)
AT&T Inc. has announced the selection of Alcatel-Lucent and Ericsson as equipment suppliers for the planned deployment of its higher-speed LTE mobile broadband network.
The selection of the two suppliers paves the way for AT&T’s planned field trials of LTE technology later this year, with commercial deployment scheduled to begin in 2011
Feb 11 · 9:12:00 AM · Source: Company Press Release
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by Larry Etter
AT&T (T)
AT&T* has launched the U-verse NBC Olympics Application, a new TV app that lets a viewer watch up to four different channels featuring Olympic content on their screen at one time. The app also provides NBC Olympics athlete bios, event schedules, and the latest headlines and medal counts straight from Vancouver to your U-verse TV screen.
AT&T is using this to show off it technology and as a branding mechanism.
Feb 11 · 9:10:00 AM · Source: Company Press Release
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by Larry Etter
Pepsico (PEP)
PepsiCo, Inc. (NYSE: PEP) today reported solid results for 2009 driven by healthy gains in its worldwide snacks and international beverage businesses, balanced investments in value and innovation in key markets and cost discipline across its operations. For the full year, reported EPS grew 17 percent to $3.77 and core constant currency EPS increased 6 percent. For the fourth quarter, reported EPS was $0.90.
For fiscal 2010, the company is targeting an 11 to 13 percent growth rate for core constant currency EPS off of its fiscal 2009 core EPS of $3.71.
Feb 11 · 9:08:00 AM · Source: Company Press Release
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by Rich Pike
Northeast Utilities (NU)
Northeast Utilities declared a regular quarterly dividend in the amount of $.25625 per share payable March 31, 2010 to shareholders of record on March 1, 2010.
At today's $24.99 stock price the dividend yield is 4.10%.
Feb 10 · 5:26:00 PM
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by Michael Oliveto
Firstenergy (FE)
FirstEnergy’s Pennsylvania Power Company (Penn Power) has filed a plan with the Pennsylvania Public Utility Commission (PaPUC) to procure electric generation supply to serve customers beginning in June 2011.
The company, which does not own any electric generating plants, serves approximately 160,000 customers in western Pennsylvania.
Feb 10 · 5:19:00 PM · Source: Company Press Release
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by Michael Oliveto
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