On Friday, Shares of AT&T, Inc. (NYSE:T), lost -0.66% to $34.65.
AT&T Inc. is working on a deal to rent towers in Mexico from Telesites, the recently spun off unit of America Movil SAB, according to people familiar with the matter, according to Bloomberg.
A renting agreement would grant AT&T access to the most pervasive network in Mexico with about 11,000 wireless towers. The people asked not to be identified because the matter is private. Bloomberg Reports.
AT&T made its entry into the Mexican market this year with the acquisition of Grupo Iusacell SA, the country’s third-largest mobile-phone operator, and Nextel Mexico. The Dallas-based carrier plans to build a national wireless service in that country and the first phase of a cross-border mobile service with the U.S. Bloomberg added.
AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. The Wireless segment offers data and voice services, counting local, long-distance, and network access services, in addition to roaming services to youth, family, professionals, small businesses, government, and business customers.
Shares of Arch Coal Inc. (NYSE:ACI), declined -12.03% to $0.39, during its last trading session, hitting its lowest level.
Two U.S. coal companies, Peabody Energy Corp. and Arch Coal Inc., sank to all-time lows amid concerns that they will have to pay more for insurance that covers environmental damage.
Peabody fell 9 percent to a record low closing price of $2.53 in New York on Friday. The stock has declined 21 percent this week. Arch dropped 12 percent to an all-time low of 39 cents.
The Wyoming Department of Environmental Quality’s Land Quality Division is reviewing 2014 financial data from Peabody and Arch to see if they still qualify for a “self-bonding” program that allows coal producers to cheaply insure their clean-up costs in case of bankruptcy, Kimber Wichmann, an economist at the department, said in a phone interview to Bloomberg.
Arch Coal, Inc. produces and sells thermal and metallurgical coal from surface and underground mines located in the United States. As of December 31, 2014, it operated or contracted out the operation of 16 mines; and owned or controlled about 5.1 billion tons of proven and probable recoverable reserves.
Finally, Hewlett-Packard Company (NYSE:HPQ), ended its last trade with -0.34% loss, and closed at $32.41.
On June 9, Hewlett-Packard Company, confirmed that it has reached a settlement agreement with PGGM Vermogensbeheer B.V., the lead plaintiff in the securities class action arising from the impairment charge taken by HP following its acquisition of Autonomy. While HP believes the action has no merit, it is desirable and beneficial to HP and its shareholders to resolve settle the case as further litigation would be burdensome and protracted.
Under the terms of the settlement, HP’s insurance will pay $100 million to a settlement fund that will be used to compensate persons who purchased HP shares during the period from August 19, 2011 through November 20, 2012. No individual is contributing to the settlement. HP and its current and former officers, directors, and advisors will be released from any Autonomy-related securities claims as part of the settlement.
The settled lawsuit is In re HP Securities Litigation, C-12-5980, which is pending in the United States District Court for the Northern District of California. The settlement is subject to court approval.
Hewlett-Packard Company, together with its auxiliaries, provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), in addition to to the government, health, and education sectors worldwide.
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