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Showing posts with label Stocks. Show all posts
Showing posts with label Stocks. Show all posts

Monday, March 21, 2011

Here Comes "Big Money": AT&T Buys T-Mobile


"AT&T just announced a definitive agreement with Deutsche Telekom to buy T-Mobile USA for $39 billion in cash and stock. In a press release, AT&T said the agreement has been approved by both companies’ boards of directors.

If the deal meets regulatory approval, AT&T will be the largest wireless provider in the United States. The company says the transaction will allow it to expand its 4G LTE network to 95% of the population of the United States, and touts enhanced “quality in the near term” for AT&T and T-Mobile customers." Read Full Article - Via Mashable

Thursday, January 13, 2011

Hustle Hard but the SEC Hustles Harder: 50 Cents Makes $8.7 Mil


"Rapper 50 Cent may have momentarily gotten $8.7 million richer after encouraging his Twitter followers to invest in a money-losing penny stock, but now the hip hopper may be in big trouble with the Security Exchange Commission.

Last weekend, 50, born Curtis Jackson, reportedly Tweeted to his 3.8 million followers, “You can double your money right now. Just get what you can afford” and “They are no joke get in now” about H&H Imports, previously a money-loser with a reported deficit of at least $3.3 million.

Jackson reportedly received 30 million shares of H&H stock in a private placement last October. H&H owns TV Goods, a direct response marketing founded by infomercial guru Kevin Harrington.

H&H closed at 39 cents on Monday, up 29 cents, netting Jackson's shares the aforementioned $8.7 million." -- Via Fox News