On Friday, Verizon Communications Inc. (NYSE:VZ)’s shares declined -1.35% to $44.61.
It’s been about one month since the United States officially reopened its embassy in Cuba. Starting next week, Verizon Wireless customers who travel internationally can connect easily – counting talk, messaging and data – while in the Caribbean’s largest nation, through the company’s Pay-As-You-Go International Travel option.
Verizon is the first U.S.-based wireless company to offer roaming in Cuba.
The process is simple. Customers using a World Device who are traveling to Cuba can opt-in to add the Pay-As-You-Go International Travel option. While in Cuba, voice calls are $2.99 per minute, data is $2.05 per megabyte and standard international messaging rates apply. This allows customers the ability to stay connected while in Cuba.
Verizon Communications Inc., through its auxiliaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company’s Wireless segment offers wireless voice and data services; messaging services; service that enables its customers to access the Internet on smartphones, basic phones, notebook computers, and tablets; customers and business-focused multimedia offerings; location-based services; global data services; LTE Internet, a high-speed Internet service; and network access and value added services to support telemetry-type applications.
Citizens Financial Group Inc (NYSE:CFG)’s shares dropped -1.21% to $23.75.
Citizens Financial Group (CFG) declared its plans to release third quarter 2015 results on Friday, October 23 at 7:00 am ET.
Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States.
At the end of Friday’s trade, SouFun Holdings Ltd (NYSE:SFUN)‘s shares dipped -0.34% to $5.85.
SouFun Holdings Limited (SFUN), the leading real estate Internet portal in China, declared recently it reached (i) a subscription agreement with IDG Alternative Global Limited, which is an associate of IDG Capital Partners (“IDG”) as of the date of IDG Subscription Agreement and (ii) a subscription agreement (“Carlyle Subscription Agreement”, together with IDG Subscription Agreement, “Subscription Agreements”) with Safari Group Holdings Limited and Safari Group CB Holdings Limited, which are beneficially owned by Carlyle Group (“Carlyle”) as of the date of Carlyle Subscription Agreement. IDG, Carlyle and the administration (mainly founder and CEO Vincent Mo) will invest a total amount between $400 million and $700 million (of which 50% will be convertible notes) to purchase SouFun’s newly issued Class A ordinary shares and convertible notes (“Notes”) following the Subscription Agreements.
Under the Subscription Agreements, the subscription price of the new Class A ordinary shares is US$5.85 per current ADS (i.e. US$29.25 per Class A ordinary share), which is higher than the closing price of SouFun’s ADS as of September 16, 2015 and represents a 3.5% premium to the volume-weighted average trading price of the ADS for the 20 trading days preceding September 16, 2015. Holders of the convertible notes will have the right to convert the Notes into Class A ordinary shares at the price per share equal to 122.5% of the per share purchase price of the new Class A ordinary shares in 7 years after the issuance of the Notes. The Notes shall bear an annual interest of 1.5%.
SouFun Holdings Limited operates a real estate Internet portal, and home furnishing and improvement Websites in the People’s Republic of China. The company offers marketing services on its Websites, primarily through advertisements to real estate developers in the marketing phase of new property developments, in addition to to real estate agencies; and suppliers of home furnishing and improvement, and other home-related products and services.
TrueCar Inc (NASDAQ:TRUE), ended its Friday’s trading session with 126.% gain, and closed at $6.43.
As new 2016 model year cars and trucks arrive on dealer lots this month, substantial savings abound on outgoing 2015 models, according TrueCar, Inc. (NASDAQ:TRUE), the negotiation-free car buying and selling mobile marketplace. September ranks as the year’s second-best month for consumers in the market for a new vehicle.
A review of 2014 new vehicle transactional data by TrueCar indicates September generated average savings of 7.6 percent off the Manufacturer’s Suggested Retail Price (MSRP). Only December was higher, with average savings per vehicle of 7.7 percent MSRP.
Hyundai’s Veloster tops TrueCar’s list of best savings on new vehicles, with discounts of as much as up to 20 percent for 2015 model versions of the three-door coupe. Jeep’s Cherokee also makes the list, with a notable 19 percent off MSRP for the outgoing model year.
TrueCar, Inc. operates as an Internet-based information, technology, and communication services company. The company operates its platform on the TrueCar Website and TrueCar mobile applications. It also customizes and operates its platform for its affinity group marketing partners, counting financial institutions, membership-based organizations, and employee buying programs for large enterprises.
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