Market News
CB Richard Ellis Group (CBG)
CB Richard Ellis Group, Inc. has announced that it has reached agreement with its lenders to extend maturities on approximately $156.6 million of debt by offering certain holders the ability to swap into new or existing tranches with longer dated maturities
Feb 11 · 10:22:00 AM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Morgan Stanley (MS)
Morgan Stanley announced today that its dedicated infrastructure group, Morgan Stanley Infrastructure Partners, will acquire a 40 percent economic stake and a 50 percent voting stake in Southern Star Central Corp., parent company of Southern Star Central Gas Pipeline (Southern Star), an interstate natural gas pipeline and storage operation servicing the Midwest region of the U.S.
The company believes Southern Star offers a unique opportunity for Morgan Stanley Infrastructure Partners to invest in a proven and stable energy asset.
Feb 11 · 10:16:00 AM · Source: Company Press Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
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
Track · email · face · Twitter · digg · COMMENTS
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
Track · email · face · Twitter · digg · COMMENTS
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
Track · email · face · Twitter · digg · COMMENTS
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
Track · email · face · Twitter · digg · COMMENTS
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
Track · email · face · Twitter · digg · COMMENTS
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
Track · email · face · Twitter · digg · COMMENTS
by Rich Pike
Previous · Next
Advertisement