"We will concentrate our future investments in Brazil where we see a promising long-term growth opportunity, while remaining focused on reducing expenses and maintaining a lean cost structure," NII Holdings Chief Executive Steve Shindler said in a statement. Last week, NII Holdings, a telecom operator for the Nextel brand in Brazil, gained U.S. court approval of...
June 26- NISI Holdings Inc, a Latin American mobile service provider, said it has emerged from its Chapter 11 reorganization proceedings. As part of the plan, about 100 million shares of the company's new common stock and $745 million in cash will be distributed to holders of senior notes, NII Holdings said on Friday. The stock and cash will be issued by the NII...
SAO PAULO, June 3- Nextel operator NII Holdings Inc is stepping up investment in Brazil to expand its tiny share of the mobile telephone market and has no plans to sell out despite an economic slowdown, its chief operating officer said. The downsized company will plow into Brazil a good part of the resources generated by the recent $1.8 billion sale of its Mexican...
April 22- AT&T Inc on Wednesday reported better-than expected earnings and said fewer wireless customers switched to other networks at a rate not seen in any first quarter. The company, awaiting regulatory approval for its $48.5 billion proposal to buy DirecTV, sees additional cost savings of more than double than it previously forecast from the deal.
April 22- AT&T Inc on Wednesday reported quarterly profit that beat Wall Street estimates and said its subscribers switched to other networks at a lower rate. They closed at $32.86 on the New York Stock Exchange. The second-largest U.S. wireless carrier posted net income of $3.2 billion, or 61 cents per share, in the first quarter ended March 31, compared with $3.65...
SAO PAULO/ RIO DE JANEIRO, April 1- Brazilian telecom group Oi SA is eliminating 1,070 jobs this month in a cost-cutting program that will define how much it can invest this year, the company told Reuters exclusively as pink slips began to go out on Wednesday. Chief Executive Bayard Gontijo, who set the cost-cutting agenda in motion when he took over in October, said...
SAO PAULO/ RIO DE JANEIRO, April 1- Brazilian telecom group Oi SA is eliminating 1,070 jobs this month in a cost-cutting program that will define how much it can invest this year, the company told Reuters exclusively as pink slips began to go out on Wednesday. Other telecoms are also cutting back, with Telefonica Brasil SA and Nextel operator NII Holdings Inc both...
The telecom giant posted fourth-quarter earnings of 55 cents per share, up from 53 cents a share in the year-earlier period.
Companies making headlines after the bell Monday:
It might be a rough year for hedge funds, with markets seemingly wandering ever higher, but some eagle-eyed short sellers are still making money.
Some of Friday's midday movers:
Thursday's midday movers
Morgan Stanley has identified some 40 stocks that could be candidates for tender offers in the next 12 months using its new quantitative model.
NII Holdings has been bearish for a long time, but now buyers are betting that it’s due for a bounce.
One analyst for TheStreet.com take a closer look at several stocks under $10 that were making large moves to the upside on Thursday.
Oct 4- NII Holdings Inc:. *Names juan r. figuereo as chief financial officer. *Says figuereo will replace gokul hemmady.
Sometimes a trade is hot and other times it just burns. Following are the moves our traders regret most for all of 2011.
Cramer makes the call on viewers' favorite stocks.
If you’re among the throngs of investors hitting the buy button Monday the Fast traders have a word of caution. The catalyst behind the gains my not be as it appears.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades and the outlook for September, right now!