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PREVIEW: Verizon dips ahead of earnings

BUZZ-PREVIEW: Verizon dips ahead of earnings ** Verizon Communications VZ.N shares down 0.8% to $43.64 ahead of Q3 results due before the opening bell on Tuesday ** The communications company is expected to post EPS of $1.18 on revenue of $33.43 bln, per LSEG data, vs yr-ago results of $1.22 in EPS on $33.34 bln in revenue ** VZ has met or beaten E
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What to Watch in the Day Ahead - Tuesday, October 22

What to Watch in the Day Ahead - Tuesday, October 22 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT General Motors will report its second-quarter results, outlining whether strong vehicle pricing continues to offset struggles in China and with EVs.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds JSW Steel; Updates Fuji Soft Oct 18 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 2 000 GMT on Friday: ** Indian steel producer JSW Steel JSTL.NS said on Friday its joint venture firm entered into a deal to buy thyssenkrupp Electrical Steel India for $482.1 million.
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What to Watch in the Week Ahead and on Monday, October 21

What to Watch in the Week Ahead and on Monday, October 21 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT ON MONDAY Federal Reserve Bank of Dallas President Lorie Logan will speak and participate in a moderated question-and-answer session before the 2024 SIFMA (Securities Industry and Financial
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US Cellular gains on $1 bln spectrum assets deal with Verizon

BUZZ-US Cellular gains on $1 bln spectrum assets deal with Verizon Updates ** Shares of regional wireless carrier United States Cellular USM.N hit the highest level since 2008, last up 10.3% at $64.75 ** USM has agreed to sell portion of its spectrum licenses such as those used for mobile phone signals and high-speed data services to Verizon VZ.N i
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Tokio Marine, Kotak Mahindra Bank, United States Cellular Oct 18 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 1330 GMT on Friday: ** United States Cellular USM.N said it has agreed to sell some of its spectrum licenses to Verizon VZ.N in a $1 billion deal. nL4N3LU16G ** Japanese insurer Tokio Marine 8766.T has paused the sale of its $1 billion Southeast Asia life insurance business, partly due to a dispute w
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U.S. STOCKS Crypto stocks, Apple

BUZZ-U.S. STOCKS ON THE MOVE-Crypto stocks, Apple Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street futures inched higher on Friday, led by gains in those tracking the Nasdaq 100 as technology shares broadly advanced, while Netflix soared following strong quarterly results.
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Activist Jana builds Lamb Weston stake, pushes for possible sale

UPDATE 3-Activist Jana builds Lamb Weston stake, pushes for possible sale Jana owns 5% of Lamb Weston, seeks strategic review Lamb Weston stock rises 11% after Jana's stake announcement Jana criticizes Lamb Weston for 'self-inflicted missteps' Updates with stock price in paragraph 4, company statement in paragraphs 6-7 By Svea Herbst-Bayliss Oct 18 (Reuters) - Jana Partners has built a new position in Lamb Weston LW.N and may push the french-fry maker to consider selling itself, the activist inv
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US Cellular up on $1 bln spectrum assets deal with Verizon

BUZZ-US Cellular up on $1 bln spectrum assets deal with Verizon ** Shares of regional wireless carrier United States Cellular USM.N rise 3.9% to $61 premarket ** USM has agreed to sell portion of its spectrum licenses such as those used for mobile phone signals and high-speed data services to Verizon VZ.N in a $1 bln deal ** Company has also agreed
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US Cellular to sell select spectrum assets to Verizon for $1 bln

US Cellular to sell select spectrum assets to Verizon for $1 bln Oct 18 (Reuters) - United States Cellular USM.N said on Friday it has agreed to sell some of its spectrum licenses to Verizon VZ.N in a $1 billion deal. U.S. Cellular's shares jumped 3.9% in trading before the bell. The company will sell portion of its spectrum licenses used for mobile phone signals and high-speed data services to Verizon.
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UScellular Announces Sale Of Select Spectrum Assets For $1.0 Billion

BRIEF-UScellular Announces Sale Of Select Spectrum Assets For $1.0 Billion Oct 18 (Reuters) - United States Cellular Corp USM.N : USCELLULAR ANNOUNCES SALE OF SELECT SPECTRUM ASSETS FOR $1.0 BILLION UNITED STATES CELLULAR: DEAL WITH VERIZON TO SELL 663 MILLION MHZ POPS OF CELLULAR (850 MHZ) SPECTRUM LICENSES UNITED STATES CELLULAR: TDS DELIVERED IT
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Nokia joins Ericsson in seeing signs of recovery after mixed results

UPDATE 2-Nokia joins Ericsson in seeing signs of recovery after mixed results Company reports 9% rise in Q3 operating profit, beats estimates Net sales fall 8% to $4.33 bln euros, missing expectations North America has started to show signs of growth, CEO says India will return to growth next year, CEO adds Adds net sales in paragraph 2, context in paragraph 3, CEO comments in paragraphs 4-6, 9, 11, background paragraphs 8, 10 By Supantha Mukherjee STOCKHOLM, Oct 17 (Reuters) - Finnish telecom e
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Wireless tower operator Crown Castle lowers full-year net income forecast (Oct 16)

CORRECTED-Wireless tower operator Crown Castle lowers full-year net income forecast (Oct 16) Corrects paragraph 1 of Oct. 16 story to say cancellation of some contracts weighed on forecast and not slower tower leasing activity. Adds forecast range in paragraph 4 and changes dateline to Oct 16 from Oct 7 Oct 16 (Reuters) - Crown Castle CCI.N lowered its 2024 net income forecast on Wednesday, as the wireless tower operator expects to take a hit from the cancellation of contracts for small cell nod
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LionTree hires Luther from Morgan Stanley to lead tech dealmaking push

LionTree hires Luther from Morgan Stanley to lead tech dealmaking push LionTree hires Luther to boost tech M&A efforts Luther was at Morgan Stanley for more than 15 years By Milana Vinn Oct 16 (Reuters) - LionTree, the boutique investment bank led by prolific dealmaker Aryeh Bourkoff, has hired investment banker Ankur Luther from Morgan Stanley as it looks to capture more fees from advising on technology deals.
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EU champions’ hope will slam into hard M&A reality

BREAKINGVIEWS-EU champions’ hope will slam into hard M&A reality The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 16 (Reuters Breakingviews) - Brussels wants European companies to join together and compete with U.S. and Chinese rivals. In many cases, however, national politicians and investors may have different ideas.
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Verizon bid for Frontier faces investor skepticism, sources say

EXCLUSIVE-Verizon bid for Frontier faces investor skepticism, sources say Deal 'significantly undervalues' Frontier, Cooper says in letter Last month deal was 44% premium to 90-day weighted average Frontier stock closes Tuesday at $35.71, $2.79 below offer In update of Oct 14 story, adds details about another investor planning to vote against deal in paragraphs 5-7 By Svea Herbst-Bayliss NEW YORK, Oct 14 (Reuters) - Some of Frontier Communications' FYBR.O largest shareholders are concerned about
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Verizon bid for Frontier faces investor skepticism, sources say

EXCLUSIVE-Verizon bid for Frontier faces investor skepticism, sources say Deal 'significantly undervalues' Frontier, Cooper says in letter Last month deal was 44% premium to 90-day weighted average Frontier stock closes Tuesday at $35.71, $2.79 below offer In update of Oct 14 story, adds details about another investor planning to vote against deal in paragraphs 5-7 By Svea Herbst-Bayliss NEW YORK, Oct 14 (Reuters) - Some of Frontier Communications' FYBR.O largest shareholders are concerned about
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds EDP, Fertiglobe, Opella, Credit Agricole and Frontier Communications Oct 15 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 2 000 GMT on Tuesday: * * Some of Frontier Communications' FYBR.O largest shareholders are concerned about its planned $9.6 billion takeover by Verizon Communications VZ.N , with its second-largest investor planning to vote against the deal, three sources familiar with the firm's plans said
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US FCC opens probe into broadband firm caps on internet data use

UPDATE 1-US FCC opens probe into broadband firm caps on internet data use New throughout, adds background, details By David Shepardson WASHINGTON, Oct 15 (Reuters) - The U.S. Federal Communications Commission said on Tuesday it was opening a formal inquiry into why broadband providers cap data use by some customers, and how it impacts consumers and competition.
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US FCC opens formal inquiry into use of data caps by telecom firms

US FCC opens formal inquiry into use of data caps by telecom firms WASHINGTON, Oct 15 (Reuters) - The Federal Communications Commission said Tuesday it is opening a formal inquiry into the use of data caps by telecom firms and how they impact consumers and competition. "For most people in the United States, rationing their internet usage would be unthinkable and impractical.
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