Verizon may be nearing a giant asset sale. According to reports, the telecom company is close to selling a package of cell towers and wireline assets for more than $10 billion. The deal involves different buyers and could be announced this week. Shares rose almost three percent to $46.98.
RadioShack & Verizon
Another report out today about the fate of RadioShack, saying the troubled electronics retailer is preparing to shut down. Sprint would take over half of its stores, but another bidder could emerge to buy the chain and continue operations. Shares of RadioShack tumbled 14 percent to 24 cents. Sprint fell slightly to $4.27.
Lands’ End announced some changes at the top today. The clothing retailer’s chief, Edgar Huber, will step down in two weeks and be replaced by Federica Marchionni, a president at Dolce & Gabanna. The company didn’t give a reason for the resignation. Shares were up a fraction to $34.93.
Apple is planning to sell as much as $6.5 billion in bonds, according to reports. The tech giant will sell a combination of bonds and maturities ranging from 5 to 30 years. This comes at a time when investors are paying near-record premiums for high-quality bonds. Shares were one percent higher to $118.63.
Pitney Bowes reported in-line earnings today and revenue that missed. 2015 guidance was well below what analysts were expecting. The company now sees revenue falling and its earnings forecast was also light. Pitney did unveil a $100 million share buyback plan. Still, shares tumbled seven percent to $22.26.
United Technologies has hiked its dividend by nearly 9 percent. The quarterly payout will now be 64 cents a share and will be paid to shareholders in March. The yield on the dividend is about two percent. Shares rose right after the close. Before the bell, shares were up 1.5 percent to $116.58.
Anadarko Petroleum posted a big miss on both the top and bottom lines after the market close. Still, the company’s loss narrowed when compared with last year, when it took a big legal charge. Anadarko also said its oil and gas output increased during the quarter. Shares were volatile in after-hours trading. During the regular session, the stock closed up one percent to $82.77.
And Stratasys issued an earnings warning, sending shares way down initially after the bell. The 3D printer maker’s 2014 preliminary estimates missed, as did its 2015 forecast. It says operating expenses will increase. The stock, as you can see, dropped sharply after hours. At the close, the stock was up a fraction to $80.08.