6 Late Moving Stocks: CBS and NBC Ink Deals With NFL, RIMM Heads Lower
Shares of CBS Corp. (NYSE:CBS) are edging higher in late trading. The company announced it reached a deal with the NFL to keep the league’s games on the station through 2022. CBS will also broadcast the Super Bowl in 2016, 2019 and 2022. Fox and NBC (NASDAQ:CMCSA) (NYSE:GE) also announced deals with the NFL.
Verifone Systems Inc. (NYSE:PAY) reported fourth quarter results late Wednesday. Net income for VeriFone Systems Inc. increased to $198.8 million ($1.84 per share), compared to $49.4 million (55 cents per share) in the same quarter a year earlier. This is a more than fourfold rise from the year earlier quarter. Other electronic payment companies include: NCR Corporation (NYSE:NCR) and Hypercom Corp. (NYSE:HYC).
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Shares of Research in Motion (NASDAQ:RIMM) continue to head lower before it releases its results for the third quarter. The stock is now trading at May 2004 levels. The company continues to face increased competition from iPhone maker Apple (NASDAQ:AAPL).
Late Wednesday, Verizon Communications (NYSE:VZ) announced plans to form a new organization to oversee operations with all its business and government customers. Chief executive Lowell McAdam explained, “We know that the intersection of mobility, cloud computing and security will drive a revolution in enterprise IT over the next ten years. This change will allow us to leverage all of our technology assets to take advantage of growth opportunities around the world.” Shares were unchanged in late trading, while rival AT&T (NYSE:T) edged .15% higher.
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