- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Procter & Gamble Co. (NYSE:PG) expects its net sales for fiscal year 2013 to be in-line, falling 2 percent year-over-year, including a decrease of 4 percent from foreign exchange. However, organic sales should rise between 2 and 4 percent, with pricing predicted to contribute 2 percent to sales. The unfavorable product and geographic mix could decrease sales by 1 percent, at the same time. In addition, P&G reported that it will buy $4 billion in its stock back over the course of the fiscal year.
AT&T, Inc. (NYSE:T) will purchase spectrum from Comcast Corporation (NASDAQ:CMCSA) and Horizon Wi-Com, which is a firm that tried to start up its own wireless broadband network, according to Associated Press reports. This move is in addition to AT&T’s acquisition of NextWave Wireless Inc. (WAVE); the company expects to initiate deployment of the spectrum in three years.
Verizon Communications Inc. (NYSE:VZ) and Vodafone Group’s (NASDAQ:VOD) joint venture, Verizon Wireless, might face rigorous conditions if it wants to get regulators to approve its proposed arrangement with cable companies, say unnamed inside sources to Reuters. Regulators are worried about Verizon and Comcast Corporation’s plans to market each other’s products, and also a new joint venture among Verizon and cable companies which would develop new technologies.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.