AT&T Cleared to Buy Airwaves & Subscribers from Atlantic Tele-Network and 2 More Heavily Traded Stocks to Follow
AT&T Inc. (NYSE:T): Current price $34.32
On Friday, AT&T was cleared by United Stated regulators to buy airwaves and subscribers from Atlantic Tele-Network Inc. In an order posted on its website, the Federal Communications Commission okayed the deal that it said will garner 620,000 new customers for AT&T, the number-two domestic wireless carrier. Atlantic Tele-Network operates under the Alltel brand in six states, primarily in the southern and midwestern United States. Led by its Chief Executive Randall Stephenson, AT&T has been buying up airwaves in an attempt to catch up with the mobile carrier Verizon Wireless.
Ford Motor Co. (NYSE:F): Current price $17.39
Ford Romania said Friday that will suspend output for 13 days in October, following a planned one week stoppage in September, due mostly to weak demand on the European market. Ford took over carmaker Automobile Craiova in 2008 and began production of its B-Max model at the facility in 2012. It now makes some 370 cars per day and 1,000 engines, with its main export markets being Italy, Germany, Spain, and France, with the United Kingdom its primary customer. Ford Romania spokeswoman Ana Maria Timis commented that, “We’re confident these are temporary measures and that the situation will improve as European vehicle sales will start to slowly recover.”
Pfizer Inc. (NYSE:PFE): Current price $
Pfizer’s 2010 purchase of King Pharmaceuticals forms part of an insider trading case from charges that were brought Friday by the Securities and Exchange Commission. Tibor Klein, who owns and is president of Klein Financial Services, has been charged for trading on non-public information on the merger, and is accused of misappropriating the information and trading prior to the public announcement and making illegal profits in excess of $300,000 for himself and his clients.
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