Wal-Mart ANNOUNCES Rollback and 2 Dow Movers Driving the Market

Verizon Communications Inc.’s (NYSE:VZ) excess PCS and AWS spectrum in various markets across the United States will now be sold by Leap Wireless International, Inc. (NASDAQ:LEAP), following the previously announced transactions that will also allow Leap to purchase from Verizon Wireless 12 megahertz of 700 megahertz A block spectrum in Chicago. Once interference problems related to 700 megahertz A block licenses are resolved, the additional spectrum Leap buys will supplement the 10 megahertz of spectrum Leap now owns and operates in that city. Leap President and Chief Executive Doug Hutcheson commented that, “These transactions generated net cash proceeds of more than $120M that we plan to use to support our ongoing deployment of next-generation LTE network technology. We expect to offer LTE services to at least two-thirds of our current network footprint over the next two to three years.”

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Wal-Mart Stores Inc. (NYSE:WMT) has announced the return of its Great Gas Rollback program, which should help its customers save on their fuel purchases through three different ways. Customers who use a Walmart gift card will get a 10 cents per gallon discount, and if they use a Walmart MoneyCard or Walmart credit card, they will save 15 cents per gallon on their fuel purchase. The program will run from August 31st through December 24th.

Exxon Mobil Corp. (NYSE:XOM): A Reuters evaluation of the weekly rig count data provided by oil service firms, future energy data output, and interviews with officials at firms that are involved in collecting and compiling it, shows that the information compiled may sometimes be an arbitrary and misleading gauge which is subject to revisions, according to Reuters.

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