Leap Wireless, MetroPCS shares fall after analyst downgrades shares on rising competitionOctober 1st, 2009 Shares of Leap Wireless, MetroPCS fallSAN FRANCISCO — Shares of Leap Wireless International Inc. and MetroPCS Communications Inc.
Crocs enters credit facility agreement with PNC Bank for up to $30 millionSeptember 30th, 2009 Crocs enters credit facility agreement with PNCNIWOT, Colo. — Crocs Inc.
Verizon Wireless discontinues the $150 'Hub,' a home phone with a touch screenSeptember 30th, 2009 Verizon discontinues 'Hub' touch screen home phoneNEW YORK — Verizon Wireless is pulling the "Hub," an Internet-connected home phone with an iPhone-like touch screen, after just eight months on the market. The carrier stopped selling the phone this week, but will continue to support ones already bought, Verizon Wireless spokeswoman Debra Lewis said Wednesday.
Fannie Mae meets New York Stock Exchange's price listing standardSeptember 4th, 2009 Fannie Mae meets price listing standardWASHINGTON — Fannie Mae, the government-backed mortgage company, said Friday it regained compliance with the New York Stock Exchange's minimum price standard for listing common stock. Fannie Mae was notified on Nov.
Beazer Homes prices 12 percent senior notes due 2017 at 89.5 percent of the principal amountSeptember 3rd, 2009 Beazer Homes prices senior notes at a discountATLANTA — Beazer Homes USA Inc. on Thursday said its private offering of senior secured notes was priced equal to 89.5 percent of the $250 million aggregate principal amount of the notes.
Homebuilder Beazer Homes' third-quarter loss narrows to $27.9 million, revenue tumblesAugust 6th, 2009 Beazer Homes sharply narrows its 3Q lossBeazer Homes USA Inc. said Thursday it cut its fiscal third-quarter loss sharply, largely because of a gain from a reduction in its debt load, and the homebuilder noted new home order trends showed signs of improvement.
Beazer Homes adopts shareholder rights plan aimed at preserving tax benefits from prior lossesJuly 31st, 2009 Beazer Homes adopts shareholder rights planATLANTA — Homebuilder Beazer Homes Inc. on Friday said its board adopted a new shareholder rights plan aimed at preserving the tax benefits it can book from its prior losses.
USEC, Interpublic, Office Depot, SPSS, Textron are among big market movers TuesdayJuly 28th, 2009 USEC, Interpublic, Office Depot are big moversNEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
USEC Inc., down $2.14 at $4.05
The Department of Energy denied a $2 billion loan guarantee the company needed to finance the construction of an Ohio uranium plant. Interpublic Group of Cos., down 78 cents at $5.41
The advertising and marketing conglomerate said its profit tumbled by more than three-fourths in the second quarter as sales slid.
New Tracfone brand experimenting with cheap 'unlimited' access to Verizon Wireless networkJuly 15th, 2009 Tracfone tests cheap unlimited plan on VerizonNEW YORK — Tracfone Wireless, the country's largest provider of "prepaid" cell phones, is quietly testing a new service that appears to be a response to the fierce price competition in the prepaid market. Since June, Tracfone has been selling unlimited calling and texting for $45 per month under the "Straight Talk" brand, and 1,000 minutes and 1,000 text messages per month for $30.
MetroPCS advances, UBS analyst calls share pullback 'overdone'July 7th, 2009 MetroPCS up, analyst calls pullback 'overdone'NEW YORK — Shares of MetroPCS Communications Inc. climbed Tuesday after a UBS analyst said the low-cost wireless carrier's shares have been oversold.
Federal prosecutors in file criminal fraud conspiracy charges against Beazer HomesJuly 1st, 2009 Criminal charges filed against Beazer HomesATLANTA — Federal prosecutors in North Carolina have filed criminal fraud conspiracy charges against Beazer Homes USA. The Atlanta-based homebuilder has been under scrutiny for certain business and financial practices.
SEC charges former Beazer Homes chief accounting officer with fraudJuly 1st, 2009 SEC accuses former Beazer Homes official of fraudATLANTA — The Securities and Exchange Commission charges the former chief accounting officer at Beazer Homes USA with committing fraud and misleading company auditors. The SEC says in a complaint filed in federal court in Atlanta that Michael T.
Correction: Leap Wireless earnings storyMay 9th, 2009 Correction: Leap Wireless earnings storySAN DIEGO — In a May 7 story about Leap Wireless International Inc., The Associated Press reported erroneously that the company's first-quarter loss of $50.3 million came after paying preferred dividends. The company did not pay preferred dividends during the quarter.
Citigroup, Dow Chemical, Fannie Mae, Fifth Third among big market movers FridayMay 9th, 2009 Citigroup, Dow Chemical, Fannie Mae big moversNEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Citigroup Inc., up 21 cents at $4.02
The bank said it planned to convert $33 billion of preferred shares into common stock to meet requirements of regulators' "stress test."
Dow Chemical Co., up $1.75 at $17.50
The chemical company will save millions on dividend payments after swapping out preferred shares used in its buyout of Rohm & Hass. Fannie Mae, down 2 cents at 86 cents
The mortgage finance company will need $19 billion more in government aid and warned that even that may not be enough to keep it solvent.
GM, Whirlpool, Beazer Homes, Qualcomm, Us Airways are big market movers MondayApril 27th, 2009 GM, Whirlpool, Beazer Homes, Qualcomm big moversNEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
General Motors Corp., up 35 cents at $2.04
The automaker laid out a massive restructuring plan that includes an offer to swap roughly $27 billion in bond debt for GM stock. Whirlpool Inc., up $2.96 at $43.69
The appliance maker said its first-quarter profit dropped on slumping sales, softening consumer demand and the stronger dollar.