Company News for November 28, 2011

Zacks


•    AT&T, Inc. (NYSE:T) is planning to sue the Federal Communications Commission if it doesn’t allow the company to withdraw its application to buy rival T-Mobile for $39 billion

•    According to reports, Akamai Technologies, Inc. (NASDAQ:AKAM) is considering the purchase of Cotendo for over $300 million

•    Amarin Corporation plc (NASDAQ:AMRN) said the U.S. Food and Drug Administration has accepted for review the application for a drug to treat patients with high levels of triglycerides

•    China Mass Media Corp. (NYSE:CMM) announced that it has not renewed three-year advertising contracts with China Central Television, which expires on December 31, for shows like “Daytime Advertising Package” and “Television Guides”

•    Ternium S.A. (NYSE:TX) recently announced that it has entered into a share repurchase deal with Camargo Corrêa, Votorantim and Caixa dos Empregados Usiminas and will pay $2.7 billion to acquire 27.7% of the voting capital

•    Gap Inc. (NYSE:GPS) opened its first flagship store in Hong Kong. The casual-apparel retailer now has nine stores in Greater China
 

 

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