Orlando, FL -- (SBWIRE) -- 09/05/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Microsoft Corporation (NASDAQ:MSFT), Verizon Communications Inc.(NYSE:VZ).
Microsoft Corporation (NASDAQ:MSFT) shares fell 2.15% to $31.19. Microsoft Corporation (NASDAQ:MSFT) on Sept. 3 announced its agreement to acquire Nokia Corporation (ADR) (NYSE:NOK)’s Devices and Services section, including the right to license the patent and to use the mapping services, for €5.44 billion. Under the terms of the agreement, the software giant will also acquire the mobile phone and smartphone business units including the Lumia & Asha brands and related production facilities of the Finnish smartphone manufacturer.
Additionally, the company on August 30 offered a seat on its board to the president of ValueAct Capital Management, the activist fund manager that pressed for the ouster of Microsoft Chief Executive Steve Ballmer and wanted a say on the software giant's strategy after taking a $2 billion stake earlier this year. The offer marks a victory for ValueAct. Reuters first reported in July that the fund was seeking a board seat as poor quarterly results slammed Microsoft's share price.
Are investors worried about the recent updates with MSFT? Find out with a free trend analysis HERE
Verizon Communications Inc.(NYSE:VZ) shares gained 1.67% to $46.78. Bonds of Verizon Communications Inc. (VZ) fell on Sept. 3 as the carrier plans to issue as much as $50 billion of securities to help finance its purchase of Vodafone Group Plc’s 45 percent stake in Verizon Wireless.
The company’s $1.75 billion of 2.45 percent bonds maturing in 2022 dropped 1.2 cents to 87.1 cents on the dollar to yield 4.16 percent as of 4:27 p.m. in New York. The cost to protect corporate bonds from default in the U.S. was little changed.
Additionally, Verizon is in talks to buy out U.S. wireless joint venture partner Vodafone as it looks to grow its lucrative mobile business. In a statement on August 29, Vodafone said it is in discussions with Verizon Communications Inc. (VZ, Fortune 500) over the possible sale of its 45% stake in Verizon Wireless. Verizon Communications holds the remaining 55% share.
Moreover, the company has decided to put off the acquisition of two small Canadian wireless companies until after a government auction of wireless licenses in January, a Canadian newspaper said, citing people familiar with the matter on August 14.
Is VZ going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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