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SiriusXM Surpasses 30 Million Subscribers
Source: PR Newswire (US)
NEW YORK, April 11, 2016 /PRNewswire/ -- SiriusXM announced today that it added 465,000 net new subscribers in the first quarter of 2016, resulting in a record-high of 30.1 million subscribers as of March 31, 2016. Self-pay net additions were 348,000 in the quarter, resulting in a self-pay subscriber base of 24.6 million at quarter's end.
SIRIUS XM logo
"SiriusXM has grown from a pioneering startup to a media powerhouse in less than fifteen years of service by providing listeners with the best audio entertainment available," said Jim Meyer, Chief Executive Officer, SiriusXM.
"Our exclusive, unmatched content and ease of use has led us to this important subscriber milestone. I'd like to thank our dedicated employees, our valuable content creators and brands, our automotive distributors, and most of all our paying subscribers for their contribution to our success," added Meyer.
"We believe there is more success to come because of our relentless search for new and exciting content, our intense focus on subscriber satisfaction, and our significant investments in next-generation services and platforms," said Meyer.
SiriusXM plans to report full first quarter 2016 financial and operational results on April 28, 2016. For more information, please visit investor.siriusxm.com.
About SiriusXM
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the world's largest radio company measured by revenue and has more than 30 million subscribers. SiriusXM creates and offers commercial-free music; premier sports talk and live events; comedy; news; exclusive talk and entertainment, and a wide-range of Latin music, sports and talk programming. SiriusXM is available in vehicles from every major car company in the U.S. and on smartphones and other connected devices as well as online at siriusxm.com. SiriusXM radios and accessories are available from retailers nationwide and online at SiriusXM. SiriusXM also provides premium traffic, weather, data and information services for subscribers through SiriusXM Traffic™, SiriusXM Travel Link, NavTraffic®, NavWeather™. SiriusXM delivers weather, data and information services to aircraft and boats through SiriusXM Aviation, SiriusXM Marine™, Sirius Marine Weather, XMWX Aviation™, XMWX Weather, and XMWX Marine™. In addition, SiriusXM Music for Business provides commercial-free music to a variety of businesses. SiriusXM holds a minority interest in SiriusXM Canada which has more than 2.7 million subscribers. SiriusXM is also a leading provider of connected vehicles services to major automakers, giving customers access to a suite of safety, security, and convenience services including automatic crash notification, stolen vehicle recovery assistance, enhanced roadside assistance and turn-by-turn navigation.
To download SiriusXM logos and artwork, visit http://www.siriusxm.com/LogosAndPhotos.
This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "believe," "intend," "plan," "projection," "outlook" or words of similar meaning. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.
The following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: our substantial competition, which is likely to increase over time; our ability to attract and retain subscribers, which is uncertain; consumer protection laws and their enforcement; the unfavorable outcome of pending or future litigation; the market for music rights, which is changing and subject to uncertainties; our dependence upon the auto industry; general economic conditions; the security of the personal information about our customers; existing or future government laws and regulations could harm our business; failure of our satellites would significantly damage our business; the interruption or failure of our information technology and communications systems; our failure to realize benefits of acquisitions or other strategic initiatives; rapid technological and industry changes; failure of third parties to perform; harmful interference to our service from new and existing wireless operations; our failure to comply with FCC requirements; modifications to our business plan; our indebtedness; our principal stockholder has significant influence over our affairs and over actions requiring stockholder approval and its interests may differ from interests of other holders of our common stock; and impairment of our business by third-party intellectual property rights. Additional factors that could cause our results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form 10-K for the year ended December 31, 2015, which is filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site (http://www.sec.gov). The information set forth herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward looking statements as a result of developments occurring after the date of this communication.
Contact Information for Investors and Financial Media:
Hooper Stevens
212 901 6718
hooper.stevens@siriusxm.com
Patrick Reilly
212 901 6646
patrick.reilly@siriusxm.com
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/siriusxm-surpasses-30-million-subscribers-300249084.html
SOURCE Sirius XM Holdings Inc.
Copyright 2016 PR Newswire
American Airlines Group Reports Record March Traffic and Capacity
Source: GlobeNewswire Inc.
American Airlines Group (NASDAQ:AAL) today reported March and year-to-date 2016 traffic results.
American Airlines Group’s total revenue passenger miles (RPMs) were 19.0 billion, up 3.3 percent versus March 2015. Total capacity was 23.3 billion available seat miles (ASMs), up 3.8 percent versus March 2015. Total passenger load factor was 81.7 percent, down 0.4 percentage points versus March 2015. The Company’s traffic and capacity were both records for the month of March.
The Company expects its first quarter 2016 consolidated passenger revenue per available seat mile (PRASM) to be down approximately 7 to 8 percent year-over-year. In addition, the Company continues to expect its first quarter pretax margin excluding special items to be between 12 and 14 percent, which includes the financial impact of the Company’s 2016 profit sharing plan announced on March 23. For more financial forecasting detail, please refer to the Company’s investor relations update also filed today on SEC Form 8-K.
The following summarizes American Airlines Group traffic results for the month and year-to-date ended March 31, 2016, and 2015, consisting of mainline-operated flights, wholly owned regional subsidiaries and operating results from capacity purchase agreements.
American Airlines Group Traffic Results
March Year to Date
2016 2015 Change 2016 2015 Change
Revenue Passenger Miles (000)
Domestic 11,208,710 11,009,433 1.8 % 30,390,529 29,585,455 2.7 %
Atlantic 1,956,960 1,890,872 3.5 % 4,801,157 4,771,876 0.6 %
Latin America 2,705,110 2,678,531 1.0 % 8,054,378 8,182,322 (1.6 ) %
Pacific 1,063,779 839,660 26.7 % 2,974,220 2,309,471 28.8 %
International 5,725,849 5,409,063 5.9 % 15,829,755 15,263,669 3.7 %
Mainline 16,934,559 16,418,496 3.1 % 46,220,284 44,849,124 3.1 %
Regional 2,075,258 1,982,202 4.7 % 5,550,612 5,340,643 3.9 %
Total Revenue Passenger Miles 19,009,817 18,400,698 3.3 % 51,770,896 50,189,767 3.2 %
Available Seat Miles (000)
Domestic 13,098,787 12,838,442 2.0 % 36,542,915 35,672,425 2.4 %
Atlantic 2,635,813 2,545,326 3.6 % 6,893,142 6,768,343 1.8 %
Latin America 3,515,084 3,569,113 (1.5 ) % 10,480,232 10,593,011 (1.1 ) %
Pacific 1,294,126 992,278 30.4 % 3,647,813 2,819,762 29.4 %
International 7,445,023 7,106,717 4.8 % 21,021,187 20,181,116 4.2 %
Mainline 20,543,810 19,945,159 3.0 % 57,564,102 55,853,541 3.1 %
Regional 2,717,144 2,468,526 10.1 % 7,499,635 6,936,862 8.1 %
Total Available Seat Miles 23,260,954 22,413,685 3.8 % 65,063,737 62,790,403 3.6 %
Load Factor (%)
Domestic 85.6 85.8 (0.2 ) pts 83.2 82.9 0.3 pts
Atlantic 74.2 74.3 (0.1 ) pts 69.7 70.5 (0.8 ) pts
Latin America 77.0 75.0 2.0 pts 76.9 77.2 (0.3 ) pts
Pacific 82.2 84.6 (2.4 ) pts 81.5 81.9 (0.4 ) pts
International 76.9 76.1 0.8 pts 75.3 75.6 (0.3 ) pts
Mainline 82.4 82.3 0.1 pts 80.3 80.3 - pts
Regional 76.4 80.3 (3.9 ) pts 74.0 77.0 (3.0 ) pts
Total Load Factor 81.7 82.1 (0.4 ) pts 79.6 79.9 (0.3 ) pts
Enplanements
Mainline 12,657,394 12,526,257 1.0 % 34,546,998 33,950,985 1.8 %
Regional 4,585,994 4,541,033 1.0 % 12,367,565 12,242,763 1.0 %
Total Enplanements 17,243,388 17,067,290 1.0 % 46,914,563 46,193,748 1.6 %
System Cargo Ton Miles (000) 203,398 206,283 (1.4 ) % 543,416 553,386 (1.8 ) %
Notes:
1) Canada, Puerto Rico and U.S. Virgin Islands are included in the domestic results.
2) Latin America numbers include the Caribbean.
3) Regional includes wholly owned subsidiaries and operating results from capacity purchase carriers.
About American Airlines Group
American Airlines and American Eagle offer an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries. American has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C. American is a founding member of the oneworld alliance, whose members and members-elect serve nearly 1,000 destinations with 14,250 daily flights to 150 countries. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL. In 2015, its stock joined the S&P 500 index. Connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines.
Cautionary Statement Regarding Forward-Looking Statements and Information
This document includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate,” “plan,” “project,” “could,” “should,” “would,” “continue,” “seek,” “target,” “guidance,” “outlook,” “if current trends continue,” “optimistic,” “forecast” and other similar words. Such statements include, but are not limited to, statements about future financial and operating results, statements about the expected first quarter pretax margin, the expected change in PRASM, the Company’s plans, objectives, estimates, expectations and intentions, and other statements that are not historical facts. These forward-looking statements are based on the Company’s current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to the following: significant operating losses in the future; downturns in economic conditions that adversely affect the Company’s business; the impact of continued periods of high volatility in fuel costs, increased fuel prices and significant disruptions in the supply of aircraft fuel; competitive practices in the industry, including the impact of low cost carriers, airline alliances and industry consolidation; the challenges and costs of integrating operations and realizing anticipated synergies and other benefits of the merger transaction with US Airways Group, Inc.; costs of ongoing data security compliance requirements and the impact of any significant data security breach; the Company’s substantial indebtedness and other obligations and the effect they could have on the Company’s business and liquidity; an inability to obtain sufficient financing or other capital to operate successfully and in accordance with the Company’s current business plan; increased costs of financing, a reduction in the availability of financing and fluctuations in interest rates; the effect the Company’s high level of fixed obligations may have on its ability to fund general corporate requirements, obtain additional financing and respond to competitive developments and adverse economic and industry conditions; the Company’s significant pension and other postretirement benefit funding obligations; the impact of any failure to comply with the covenants contained in financing arrangements; provisions in credit card processing and other commercial agreements that may materially reduce the Company’s liquidity; the impact of union disputes, employee strikes and other labor-related disruptions; any inability to maintain labor costs at competitive levels; interruptions or disruptions in service at one or more of the Company’s hub airports; any inability to obtain and maintain adequate facilities, infrastructure and slots to operate the Company’s flight schedule and expand or change its route network; the Company’s reliance on third-party regional operators or third-party service providers that have the ability to affect the Company’s revenue and the public’s perception about its services; any inability to effectively manage the costs, rights and functionality of third-party distribution channels on which the Company relies; extensive government regulation, which may result in increases in the Company’s costs, disruptions to the Company’s operations, limits on the Company’s operating flexibility, reductions in the demand for air travel, and competitive disadvantages; the impact of the heavy taxation on the airline industry; changes to the Company’s business model that may not successfully increase revenues and may cause operational difficulties or decreased demand; the loss of key personnel or inability to attract and retain additional qualified personnel; the impact of conflicts overseas, terrorist attacks and ongoing security concerns; the global scope of the Company’s business and any associated economic and political instability or adverse effects of events, circumstances or government actions beyond its control, including the impact of foreign currency exchange rate fluctuations and limitations on the repatriation of cash held in foreign countries; the impact of environmental and noise regulation; the impact associated with climate change, including increased regulation to reduce emissions of greenhouse gases; the Company’s reliance on technology and automated systems and the impact of any failure of these technologies or systems; challenges in integrating the Company’s computer, communications and other technology systems; losses and adverse publicity stemming from any accident involving any of the Company’s aircraft or the aircraft of its regional or codeshare operators; delays in scheduled aircraft deliveries, or other loss of anticipated fleet capacity, and failure of new aircraft to perform as expected; the Company’s dependence on a limited number of suppliers for aircraft, aircraft engines and parts; the impact of changing economic and other conditions beyond the Company’s control, including global events that affect travel behavior such as an outbreak of a contagious disease, and volatility and fluctuations in the Company’s results of operations due to seasonality; the effect of a higher than normal number of pilot retirements and a potential shortage of pilots; the impact of possible future increases in insurance costs or reductions in available insurance coverage; the effect on our financial position and liquidity of being party to or involved in litigation; an inability to use net operating losses carried over from prior taxable years (NOL Carryforwards); any impairment in the amount of goodwill the Company recorded as a result of the application of the acquisition method of accounting and an inability to realize the full value of the Company’s and American Airlines’ respective intangible or long-lived assets and any material impairment charges that would be recorded as a result; price volatility of the Company’s common stock; the effects of the Company’s capital deployment program and the limitation, suspension or discontinuation of the Company’s share repurchase program or dividend payments thereunder; delay or prevention of stockholders’ ability to change the composition of the Company’s board of directors and the effect this may have on takeover attempts that some of the Company’s stockholders might consider beneficial; the effect of provisions of the Company’s Restated Certificate of Incorporation and Amended and Restated Bylaws that limit ownership and voting of its equity interests, including its common stock; the effect of limitations in the Company’s Restated Certificate of Incorporation on acquisitions and dispositions of its common stock designed to protect its NOL Carryforwards and certain other tax attributes, which may limit the liquidity of its common stock; the limitations of our historical consolidated financial information, which is not directly comparable to our financial information for prior or future periods; and other economic, business, competitive, and/or regulatory factors affecting the Company’s business, including those set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 (especially in Part I, Item 1A, Risk Factors and Part II, Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations) and other risks and uncertainties listed from time to time in the Company’s other filings with the SEC. There may be other factors of which the Company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statements. The Company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements other than as required by law.
Corporate Communications
817-967-1577
mediarelations@aa.com
Investor Relations
817-931-3423
investor.relations@aa.com
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Republic Airways Shareholders Push For Seat at the Table
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5:00 PM ET 4/6/16 | Dow Jones
By Lillian Rizzo
A battle is brewing between Republic Airways Holdings Inc. and its shareholders, who want more time to review crucial bankruptcy milestones which would likely wipe out their holdings following the airliner's exit from chapter 11 protection.
The shareholders, who own more than 40% of Republic's equity, want more time to review the airline's recently struck deal with Delta Air Lines Inc., and to have an appointed committee to handle their claims.
Republic is seeking to stop the brouhaha in its tracks and is asking a bankruptcy watchdog to reject the shareholders's bid to keep the chapter 11 process on track.
Republic says there will likely be no recovery for shareholders since the airline's financial adviser estimates it had negative equity value between $200 million and $400 million when Republic filed for bankruptcy.
"It would be inappropriate and a waste of the estates' assets" to burden Republic substantial and duplicative costs and expenses of an additional committee, the company wrote in a letter to the government's bankruptcy watchdog.
Republic's financial adviser estimates the company's restructuring will result in at least $585 million to potentially more than $1 billion in claims.
Representatives for Republic and the shareholders' group weren't available for comment.
The shareholder group is primarily made up of hedge funds, including funds managed by Axar Capital, which is run by founder Andrew Axelrod. Louis Moore Bacon and Julian Robertson were early investors in Axar. Among the other Republic shareholders are Drawbridge Special Opportunities, which is backed by Fortress; and the George Soros-backed Quantum Partners.
The Indianapolis-based Republic filed for bankruptcy in late February, namely because of the pilot shortage hitting regional carriers. In its bankruptcy petition, Republic listed roughly $3.6 billion in assets and debts of $2.97 billion.
That's enough, the shareholders say, to question whether the carrier is truly insolvent.
Republic counters that even though its balance sheet, as of Dec. 31, shows "a positive book value of $600 million," the claims will far exceed the asset valuation in bankruptcy, which wasn't reflected in 2015 financial statements.
Republic flies on behalf of commuter carriers such as Delta and American Airlines Group Inc. Regional carriers have struggled to hire pilots due to relatively low starting salaries and new rules by U.S. regulators requiring new aviators to have additional training.
In March, Republic reached a deal with Delta, settling a lawsuit and lining up a $75 million bankruptcy loan from the carrier to fund the restructuring. Delta had sued Republic in October in the midst of a pilot shortage that caused Republic to ground some of the flights operated for Delta and other carriers. The proposed settlement calls for a code-sharing relationship.
The shareholders say in court papers they haven't had enough time to review the matters, which are scheduled to go before Judge Sean Lane in the U.S. Bankruptcy Court in Manhattan on April 14.
Judge Lane has scheduled a status conference to be held on Friday to decide whether the hearing next week will still go forward.
Write to Lillian Rizzo at Lillian.Rizzo@wsj.com
Corrections & Amplifications
Story corrected at 9:51 p.m. Original mistakenly said Axar was run by Mssrs. Bacon and Robertson, in addition to Mr. Axelrod, in the eighth paragraph.
> Dow Jones Newswires
April 06, 2016 17:00 ET (21:00 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Atlantic Power Corporation Announces Date for First Quarter 2016 Results and Conference Call
Source: PR Newswire (Canada)
DEDHAM, Mass., April 8, 2016 /CNW/ -- Atlantic Power Corporation (NYSE: AT) (TSX: ATP) ("Atlantic Power" or the "Company") will release its financial results for the three months ended March 31, 2016 after the market closes on the afternoon of Thursday, May 5, 2016. A telephone conference call hosted by Atlantic Power's management team will be held:
Friday, May 6, 2016 at 8:30 AM ET
Conference Call / Webcast Information:
Date: Friday, May 6, 2016
Start Time: 8:30 AM ET
Phone Number: U.S. (Toll Free) 1-855-239-3193; Canada (Toll Free) 1-855-669-9657; International (Toll) 1-412-542-4129.
Conference Access: Please request access to the Atlantic Power conference call.
Webcast: The call will be broadcast over Atlantic Power's website at www.atlanticpower.com.
Replay/Archive Information:
Replay: Access conference call number 10083861 at the following telephone numbers: U.S. (Toll Free) 1-877-344-7529; Canada (Toll Free) 1-855-669-9658; International (Toll) 1-412-317-0088. The replay will be available one hour after the end of the conference call through June 5, 2016 at 11:59 PM ET.
Webcast archive: The conference call will be archived on Atlantic Power's website at www.atlanticpower.com for a period of 12 months.
About Atlantic Power
Atlantic Power owns and operates a diverse fleet of power generation assets in the United States and Canada. The Company's power generation projects sell electricity to utilities and other large commercial customers largely under long-term power purchase agreements, which seek to minimize exposure to changes in commodity prices. Atlantic Power's power generation projects in operation have an aggregate gross electric generation capacity of approximately 2,138 megawatts ("MW") in which its aggregate ownership interest is approximately 1,500 MW. The Company's current portfolio consists of interests in twenty-three operational power generation projects across nine states in the United States and two provinces in Canada.
Atlantic Power trades on the New York Stock Exchange under the symbol AT and on the Toronto Stock Exchange under the symbol ATP. For more information, please visit the Company's website at www.atlanticpower.com or contact:
Atlantic Power Corporation
Investor Relations
(617) 977-2700
info@atlanticpower.com
Copies of financial data and other publicly filed documents are filed on SEDAR at www.sedar.com or on EDGAR at www.sec.gov/edgar.shtml under "Atlantic Power Corporation" or on the Company's website.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/atlantic-power-corporation-announces-date-for-first-quarter-2016-results-and-conference-call-300248440.html
SOURCE Atlantic Power Corporation
Copyright 2016 Canada NewsWire
AT&T Store Openings And Network Improvements Touch More Than A Dozen Michigan Counties
Source: PR Newswire (US)
DETROIT, April 7, 2016 /PRNewswire/ -- Visitors to the new AT&T* authorized retailer store set to have its grand opening event Friday at 2323 S I-75 Business Loop in Grayling are the latest to enjoy the benefits of a busy year for the company in Michigan. With this store, AT&T completes the openings of 21 authorized retailer stores in the state in the last year. The locations span 16 counties, including Oakland, Wayne, Kent and Calhoun. These counties with convenient new store locations have also received dozens of upgrades to the local wireless network infrastructure. The improvements include new cell sites, greater wireless capacity and increased data speeds.
"More stores bring more convenience for customers," said Brian Ducharme, vice president/general manager, AT&T Great Lakes Region. "In addition, there has never been a better AT&T network in Michigan. It is larger and more reliable than ever. These new authorized retailer stores and lots of network upgrades combine to give people in these communities a strong choice they might not have considered before."
The new stores are owned and operated by Master Wireless Holdings, Brightlinks, MMS Group, Prime Wireless, Hi-Tech Communications, Spring Mobile, MWT or Great Lakes Mobile. Visitors can touch, try and ask questions about smartphones and tablets as well as home automation and mobile entertainment.
"With new stores in Detroit, Traverse City, Battle Creek and other locations, AT&T continues to invest in communities, bringing the type of convenience and service that our customers have grown to expect," said Jim Murray, president, AT&T Michigan.
The stores can be found at these locations:
550 N. Beacon Blvd., Suite D, Grand Haven, 49417
2160 Anderson Rd. Suite 160, Petoskey, 49770
5457 Gull Road, Suite B, Kalamazoo, 49048
2970 Center Avenue, Essexville, 48732
5570 28th St. SE., Grand Rapids, 49512
8671 W. Grand River Ave., Brighton, 48116
1931 W. Grand River Ave, Okemos, 48864
2140 Metropolitan Parkway, Sterling Heights, 48310
35354 East Michigan Ave., Wayne, 48184
4501 Woodward Ave., Detroit, 48201
1347 W. 8 Mile Rd., Detroit, 48203
6325 Sashabaw Rd Suite I, Clarkson, 48346
1359 Mall Dr., Benton Harbor, 49022
23328 Farmington Rd., Farmington, 48336
3157 Ann Arbor Saline Rd., Ann Arbor, 48103
18845 Traditions Dr., Northville, 48168
3985 Beitner Rd., Traverse City, 49685
615 S Clinton St., Grand Ledge, 48337
15869 W. Michigan Ave., Marshall, 49068
589 Columbia Ave. W. Suite B, Battle Creek, 49015
2323 S I-75 Business Loop, Grayling, 49738
In addition to the 21 new Michigan stores, another in Detroit received a significant remodeling.
AT&T has more than 58 company-owned stores in Michigan while also selling its products and services in authorized retailer locations and select national retail stores. To find the nearest AT&T store or Device Support Center, visit www.att.com/find-a-store or www.att.com/dsc. You can make an appointment first at https://www.att.com/storeappointment/.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&T
AT&T Inc. (NYSE:T) helps millions around the globe connect with leading entertainment, mobile, high speed Internet and voice services. We're the world's largest provider of pay TV. We have TV customers in the U.S. and 11 Latin American countries. We offer the best global coverage of any U.S. wireless provider*. And we help businesses worldwide serve their customers better with our mobility and highly secure cloud solutions.
Additional information about AT&T products and services is available at http://about.att.com. Follow our news on Twitter at @ATT, on Facebook at http://www.facebook.com/att and YouTube at http://www.youtube.com/att.
© 2016 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
*Global coverage claim based on offering discounted voice and data roaming; LTE roaming; voice roaming; and world-capable smartphone and tablets in more countries than any other U.S. based carrier. International service required. Coverage not available in all areas. Coverage may vary per country and be limited/restricted in some countries.
AT&T Inc. logo.
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/att-store-openings-and-network-improvements-touch-more-than-a-dozen-michigan-counties-300247673.html
SOURCE AT&T Inc.
Copyright 2016 PR Newswire
Thanks, I appreciate your insight.
Based off the 8k, do you believe rjet will file chapter 7 bankruptcy? If not is this worth continuing to
Purchase at these lows?
AT&T is Bringing a Better Video Experience to Nearly 75,000 Hyatt Hotel Rooms
Source: PR Newswire (US)
DALLAS, April 5, 2016 /PRNewswire/ -- AT&T1 is working with owners and operators of Hyatt hotels to offer guests exceptional entertainment. We'll provide cutting-edge DIRECTV shows, movies and more in nearly 75,000 hotel rooms in the United States.
This will be the free-to-guest in-room experience. While some Hyatt hotels offer DIRECTV today, we'll add more through the term of the master service agreement. Guests at participating Hyatt hotels will get more shows and control over what they're watching – and the hotels benefit with streamlined content ownership.
Participating Hyatt hotels will also have access to the groundbreaking AT&T DIRECTV Residential Experience (DRE). Guests at these properties can access nearly 100 HD channels, exclusive sports programing. They also get a user-friendly interactive program guide and select DVR capabilities. This turns hotel rooms into living rooms with an entertainment experience guests already know and love.
"By continuing to work directly with Hyatt, we open up more T.V. channel options for hotels. And importantly, we improve the in-room entertainment experience for guests," said Doug Eichler, vice president, AT&T Commercial DIRECTV Sales. "We're providing hotels and their guests with the best programming options available in the U.S."
"We are focused on building distinct experiences for guests that fit their preferences. We chose DIRECTV as our preferred television programming service in the United States because of their continued reliability, commitment to keeping service affordable and the extensive programming options," said Jeff Bzdawka, senior vice president, Hyatt. "They have proven to be highly committed to the hospitality space, continuing to leverage their considerable power and scale with content providers to generate new access to content."
These and other new offerings will be available to current and future guests of Hyatt hotels in the U.S. that subscribe to DIRECTV services through any of DIRECTV's authorized hospitality dealers.
1 AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&T
AT&T Inc. (NYSE:T) helps millions around the globe connect with leading entertainment, mobile, high-speed Internet and voice services. We're the world's largest provider of pay TV. We have TV customers in the U.S. and 11 Latin American countries. We offer the best global coverage of any U.S. wireless provider*. And we help businesses worldwide serve their customers better with our mobility and highly secure cloud solutions.
Additional information about AT&T products and services is available at http://about.att.com. Follow our news on Twitter at @ATT, on Facebook at http://www.facebook.com/att and YouTube at http://www.youtube.com/att.
© 2016 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
*Global coverage claim based on offering discounted voice and data roaming; LTE roaming; voice roaming; and world-capable smartphone and tablets in more countries than any other U.S. based carrier. International service required. Coverage not available in all areas. Coverage may vary per country and be limited/restricted in some countries.
About Hyatt
The term "Hyatt" is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.
AT&T Inc.
Logo - http://photos.prnewswire.com/prnh/20140408/CG99935LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/att-is-bringing-a-better-video-experience-to-nearly-75000-hyatt-hotel-rooms-300246130.html
SOURCE AT&T Inc.
Copyright 2016 PR Newswire
Killer day. Let's end above $4
SIRI
May be a good time to buy on these dips. Let's see how tomorrow plays out
Profit taking would be my guess
Nice end of the day push!
Republic Airways and Delta reach long term agreement.
By Josh Beckerman Republic Airways Holdings Inc. (RJETQ), which filed for bankruptcy protection last month, said it has reached a "comprehensive" long-term agreement with Delta Air Lines Inc. (DAL). Delta sued Republic in October in the wake of a pilot shortage that caused Republic to ground some of the flights it operated for Delta and other carriers. The accord announced Thursday calls for the settlement of the suit and the revision of a code-sharing relationship. Delta also plans to enter a debtor-in-possession credit agreement providing $75 million of liquidity. A motion concerning Delta was filed Thursday in the U.S. Bankruptcy Court for the Southern District of New York and is scheduled to be heard on April 14. Republic said the amended agreements "provide substantial and interrelated operational and economic benefits," and include a consensual wind-down of the "Single Class Agreement" for 50-seat aircraft. Indianapolis-based Republic also flies on behalf of the commuter brands of American Airlines Group Inc. (AAL) and United Continental Holdings Inc. (UAL) Regional carriers have struggled to find enough pilots because of relatively low starting salaries and new rules by U.S. regulators requiring new aviators to have additional training. Republic was particularly hard hit because of an outdated pilot contract that made it less attractive than its rivals to prospective hires. --Doug Cameron contributed to this article. Write to Josh Beckerman at josh.beckerman@wsj.com (END) Dow Jones Newswires March 24, 2016 20:33 ET (00:33 GMT) Copyright (c) 2016 Dow Jones & Company, Inc.
AT&T to Release First-Quarter 2016 Earnings April 26, 2016
Source: Business Wire
AT&T* (NYSE:T) announced today that the company’s first-quarter 2016 results will be released after the New York Stock Exchange closes on Tuesday, April 26, 2016. At 4:30 p.m. ET the same day, AT&T will host a conference call to discuss the results. The company’s earnings release, Investor Briefing and related materials will be available at AT&T Investor Relations.
The company will broadcast a live webcast of the call at AT&T Investor Relations, and the webcast will be available for replay at the same address.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&T
AT&T Inc. (NYSE:T) helps millions around the globe connect with leading entertainment, mobile, high speed Internet and voice services. We’re the world’s largest provider of pay TV. We have TV customers in the U.S. and 11 Latin American countries. We offer the best global coverage of any U.S. wireless provider*. And we help businesses worldwide serve their customers better with our mobility and highly secure cloud solutions.
Additional information about AT&T products and services is available at http://about.att.com. Follow our news on Twitter at @ATT, on Facebook at http://www.facebook.com/att and YouTube at http://www.youtube.com/att.
© 2016 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
*Global coverage claim based on offering discounted voice and data roaming; LTE roaming; voice roaming; and world-capable smartphone and tablets in more countries than any other U.S. based carrier. International service required. Coverage not available in all areas. Coverage may vary per country and be limited/restricted in some countries.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160325005045/en/
AT&T Corporate Communications
Libby Johnston, 404-739-0181
libby.white.johnston@att.com
AT&T Declares Quarterly Dividend
Source: Business Wire
The board of directors of AT&T* (NYSE:T) today declared a quarterly dividend of $0.48 a share on the company’s common shares. The dividend is payable on May 2, 2016, to stockholders of record at the close of business on April 8, 2016.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
About AT&T
AT&T Inc. (NYSE:T) helps millions around the globe connect with leading entertainment, mobile, high speed Internet and voice services. We’re the world’s largest provider of pay TV. We have TV customers in the U.S. and 11 Latin American countries. We offer the best global coverage of any U.S. wireless provider*. And we help businesses worldwide serve their customers better with our mobility and highly secure cloud solutions.
Additional information about AT&T products and services is available at http://about.att.com. Follow our news on Twitter at @ATT, on Facebook at http://www.facebook.com/att and YouTube at http://www.youtube.com/att.
© 2016 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
*Global coverage claim based on offering discounted voice and data roaming; LTE roaming; voice roaming; and world-capable smartphone and tablets in more countries than any other U.S. based carrier. International service required. Coverage not available in all areas. Coverage may vary per country and be limited/restricted in some countries.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160325005193/en/
AT&T Corporate Communications
Fletcher Cook, 214-757-7629
fletcher.cook@att.com
AT&T declares $0.48 dividend
http://www.seekingalpha.com/news/3169595
The Judges Are Appealing: Crafting Economic Arguments That Lead To Victory At The Appeals Court $FMCC
http://www.seekingalpha.com/article/3960730
The Judges Are Appealing: Crafting Economic Arguments That Lead To Victory At The Appeals Court $FMCC
http://www.seekingalpha.com/article/3960730
Paper proposes next steps for GSEs
http://www.seekingalpha.com/news/3169265
American Airlines Group sharply lower after Belgium attacks
http://www.seekingalpha.com/news/3168880
Airlines pull away from fuel hedges
http://www.seekingalpha.com/news/3168684
Atlantic Power Corporation Announces Launch of Syndication of New Senior Secured Credit Facilities by APLP Holdings Limited P...
Source: PR Newswire (US)
DEDHAM, Mass., March 21, 2016 /PRNewswire/ -- Atlantic Power Corporation (NYSE: AT) (TSX: ATP) ("Atlantic Power" or the "Company") announced today the next step in its plan to reshape its balance sheet and further reduce its near--term debt maturities. The Company intends to refinance the existing term loan and revolving credit facility at its Atlantic Power Limited Partnership ("APLP") subsidiary. The new term loan, to be raised by APLP Holdings Limited Partnership ("APLP Holdings"), an intermediate holding company for APLP and a wholly-owned subsidiary of the Company, is expected to be increased in size to up to $700 million, with excess proceeds expected to be utilized for the redemption of the Company's convertible debentures maturing in 2017 as well as other potential initiatives to reshape the Company's capital structure (as described below). The new term loan is expected to have a seven-year maturity (two years later than the maturity of APLP's existing term loan) and the new revolver a five-year maturity (three years later than the maturity of APLP's existing revolver). Following completion of the refinancing, the Company will have no corporate debt maturities prior to 2019. Although initially this refinancing will not result in a net reduction in debt, debt reduction is expected to occur over time through mandatory amortization of the new term loan and a 50% cash sweep.
Details of this announcement are as follows:
APLP Holdings today launched the syndication of proposed new senior secured credit facilities, comprising up to $700 million in aggregate principal amount of senior secured term loan facilities and up to $210 million in aggregate principal amount of senior secured revolving credit facilities (collectively, the "New Credit Facilities"). Subject to entry into definitive documentation for the New Credit Facilities, satisfaction of the conditions to closing thereunder and the other matters more fully described below, the Company and its subsidiaries expect to use the New Credit Facilities to:
replace APLP's existing $210 million senior secured revolving credit facility maturing in February 2018;
fund the prepayment of the APLP senior secured term loan, which had an outstanding principal amount of $473.2 million as of December 31, 2015 and which matures in February 2021;
fund the optional prepayment or redemption of the Company's outstanding Cdn$67.3 million 6.25% Convertible Unsecured Subordinated Debentures, Series A, maturing in March 2017, and the Company's outstanding Cdn$75.8 million 5.60% Convertible Unsecured Subordinated Debentures, Series B, maturing in June 2017 (total US$ equivalent $103.4 million as of December 31, 2015);
provide for ongoing working capital needs of the Company and of APLP Holdings and its subsidiaries;
support APLP Holdings' and its subsidiaries' collateral support obligations to contract counterparties;
provide for general corporate purposes of APLP Holdings and its subsidiaries;
fund a debt service reserve for the new revolving credit facility;
pay transaction costs and expenses; and
(upon closing) make a distribution to the Company from remaining proceeds of the term loan, which the Company may use for any corporate purpose, including, at the discretion of the Company, repurchase of convertible debentures maturing in 2019 and repurchase of preferred and common equity.
Subject to and concurrent with the close of this transaction, two other subsidiaries of the Company – Atlantic Power Transmission, Inc. ("APT") and Atlantic Power Generation, Inc. ("APG") – will be contributed to APLP Holdings. Five of the six power generating assets owned by APT and APG will be added to the existing borrower's collateral package of 17 power generating assets. The collateral package for the New Credit Facilities will thus consist of a first lien on 16 of the 17 APLP projects, a pledge of the Company's equity interest in the remaining APLP project, and a pledge of the Company's equity interests in the five contributed projects at APT and APG. In addition, the Company will provide a downstream guarantee of the New Credit Facilities.
APLP's existing Cdn$210 million aggregate principal amount of 5.95% Senior Unsecured Medium Term Notes maturing in June 2036 (the "MTNs") prohibit APLP (subject to certain exceptions) from granting liens over any of its assets (and those of its material subsidiaries) to secure any indebtedness, unless the MTNs are secured equally and ratably with such other indebtedness. Accordingly, in connection with the execution of the New Credit Facilities, APLP will grant an equal and ratable security interest in the collateral package securing the New Credit Facilities in favor of the trustee for the benefit of the holders of the MTNs.
The closing of the New Credit Facilities is subject to syndication, the conclusion of negotiations, execution of definitive documentation, receipt of requisite approvals and satisfaction of customary closing conditions. There can be no assurance that APLP Holdings will be successful in its syndication efforts or that APLP Holdings will be able to enter into the New Credit Facilities.
The Company has appointed Goldman Sachs Lending Partners LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint bookrunners for the New Credit Facilities.
For a summary of the anticipated terms of the New Credit Facilities, please see the Company's Current Report on Form 8-K dated March 21, 2016 filed with the Securities and Exchange Commission.
About Atlantic Power
Atlantic Power owns and operates a diverse fleet of power generation assets in the United States and Canada. The Company's power generation projects sell electricity to utilities and other large commercial customers largely under long-term power purchase agreements, which seek to minimize exposure to changes in commodity prices. Atlantic Power's power generation projects in operation have an aggregate gross electric generation capacity of approximately 2,138 MW, in which its aggregate ownership interest is approximately 1,500 MW. The Company's current portfolio consists of interests in twenty-three operational power generation projects across nine states in the United States and two provinces in Canada.
Atlantic Power trades on the New York Stock Exchange under the symbol AT and on the Toronto Stock Exchange under the symbol ATP. For more information, please visit the Company's website at www.atlanticpower.com or contact:
Atlantic Power Corporation
Investor Relations
(617) 977-2700
info@atlanticpower.com
Copies of certain financial data and other publicly filed documents are filed on SEDAR at www.sedar.com or on EDGAR at www.sec.gov/edgar.shtml under "Atlantic Power Corporation" or on the Company's website.
Cautionary Note Regarding Forward-Looking Statements
To the extent any statements made in this news release contain information that is not historical, these statements are forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and under Canadian securities law (collectively, "forward-looking statements").
Certain statements in this news release may constitute "forward-looking statements", which reflect the expectations of management regarding the future growth, results of operations, performance and business prospects and opportunities of the Company and its projects. These statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, can generally be identified by the use of the words "may," "will," "project," "continue," "believe," "intend," "anticipate," "expect" or similar expressions that are predictions of or indicate future events or trends and which do not relate solely to present or historical matters. Examples of such statements in this press release include, but are not limited to, statements with respect to the following:
the successful syndication, negotiation (including the definitive terms of relevant covenants) and execution of the New Credit Facilities;
the Company's general expectations regarding the use of proceeds;
the Company's expectations regarding corporate debt maturities following entry into the New Credit Facilities; and
the Company's expectations regarding the impact of the New Credit Facilities on debt reduction efforts.
Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not or the times at or by which such performance or results will be achieved. Please refer to the factors discussed under "Risk Factors" and "Forward-Looking Information" in the Company's periodic reports as filed with the Securities and Exchange Commission from time to time for a detailed discussion of the risks and uncertainties affecting the Company. Although the forward-looking statements contained in this news release are based upon what are believed to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. These forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to update or revise them to reflect new events or circumstances.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/atlantic-power-corporation-announces-launch-of-syndication-of-new-senior-secured-credit-facilities-by-aplp-holdings-limited-partnership-300238704.html
SOURCE Atlantic Power Corporation
Copyright 2016 PR Newswire
AT&T's LG G5™ Smartphone And LG Watch Urbane 2nd Edition LTE Available March 21
Source: PR Newswire (US)
DALLAS, March 21, 2016 /PRNewswire/ -- AT&T* is offering you an early opportunity to purchase one of the premier smartphones of the year and get another one for free. Starting March 21, you will be able to pre-order the LG G5 as well as the LG Watch™ Urbane 2nd Edition LTE, the only Android Wear device with NumberSync, at www.att.com and AT&T stores.
AT&T customers can also take advantage of two exciting offers for these devices:
You can buy the LG G5 and get a second G5 free when adding a second line and buying both on AT&T Next.1 Similar to other BOGO offers, this offer is available to new and existing customers. The first phone can be a new line or an upgrade, but the second upgrade must be a new line purchased on AT&T Next 24.
The LG Watch Urbane 2nd Edition LTE is available for $99.99 on a two-year agreement when you buy a LG G5 on AT&T Next.2
Here's how the BOGO offer works:
Available to new and existing customers.
Both phones must be purchased on AT&T Next, our popular installment plan, as follows:
The first phone can be a new line or an upgrade.
The second phone must be a new line and purchased on AT&T Next 24.
Add both phones to a qualified plan, like Mobile Share Value, for as low as $70 a month for two phones.
After 3 bill cycles or less, you will start to receive up to $689 spread out over 30 monthly bill credits.
Just pay tax on both phones at sale.
After $689 in credits a LG G5 will be free.
Supporting Quote
"We are excited to offer the latest LG devices along with hot deals and unique experiences such as DIRECTV and NumberSync," said Jeff Bradley, senior vice president, Device Marketing and Developer Services, AT&T. "We're the first carrier to bring NumberSync to the Android Wear platform on the LG Watch Urbane 2nd Edition LTE, which helps you stay connected with the same mobile number that your friends, family, and coworkers recognize. This is another example of how we're adding value through innovative solutions."
LG G5 Specs and Pricing
For DIRECTV subscribers, the LG G5 has an integrated DIRECTV experience that gives you easy access to your remote control, just by swiping down on the phone's notification shade, and the ability to watch live TV and movies through the DIRECTV app.3
Standalone pricing for the LG G5 will start at $22.97 per month for well qualified customers on AT&T Next 244. For a look at the G5 in action check out this Mobile Minute video.
LG Watch Urbane 2nd Edition LTE Specs and Pricing
Only AT&T offers the LG Watch Urbane 2nd Edition LTE with AT&T NumberSync. NumberSync lets you send and receive texts, plus make and receive calls, from your smartwatch using the same mobile number as your smartphone even when your phone isn't nearby or turned on.5 Calls and texts made from your smartwatch are now instantly recognizable to your friends and family.6 With the launch of the LG Watch Urbane 2nd Edition LTE, NumberSync is now available to business and government customers. Keeping you connected in and out of the office with your customers and colleagues.
LG Watch Urbane 2nd Edition LTE is the first Android Wear device with 4G LTE connectivity. It links seamlessly with the LG G5 and other smartphones running Android 4.3 or higher.7 The Urbane's 570mAh battery allows you to easily read messages, check sports scores, and play your favorite music throughout the day on a single charge.8 To see more features on the LG Watch Urbane 2nd Edition LTE take a look at this video.
The LG Watch Urbane 2nd Edition LTE will be available for $0 down and $18 per month for 20 months with an AT&T Installment plan.9 Add the LG Watch Urbane 2nd Edition LTE to a new or existing Mobile Share Value Plan for an additional $10 per month access charge.10
Supporting Resources
For more information on the LG G5, check out www.att.com/g5. To learn more about the LG Watch Urbane 2nd Edition LTE visit www.att.com/urbane2.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
1 Limited time offer (Ends 3/31/16 in Puerto Rico) Requires well qualified credit. Free device requires 30-month 0% APR agreement at $22.97 a month. Pay up to $68.91 on free device before credits start. If wireless service on a device is cancelled, that device balance (up to $689) is due. Activation, other fees, monthly, other charges and restrictions apply. Void in CT, RI & Miami-Dade county. See a store for details.
2 Ltd time (ends 6/23/16 in Puerto Rico). Req's elig. Svc on both devices. Activation, early termination & other fees, monthly, overage & other charges & restrictions apply. See store for details.
3 TV content varies by pkg & location. Not all channels available. Data charges, add'l fees & restrictions may apply.
4 AT&T Next 24 req's well-qualified credit, 30-mth 0% APR installment agreement, and eligible service. Other options including a down payment option also available. Tax due at sale. If wireless svc is cancelled, device balance due. Other charges & restr's apply. Visit att.com/next for AT&T Next requirements.
5 Data charges apply to text messages sent and received through smartwatch via NumberSync.
6 Requires compatible smartphone on an AT&T postpaid wireless account and set up for HD Voice. Data charges apply to text messages sent and received through smartwatch via NumberSync. When calling from outside AT&T's owned & operated domestic coverage area, wearable number rather than smartphone number is shown in caller ID.
7 Requires pairing with compatible smartphone (sold separately) with Android 4.3+ and the Android Wear app for activation, software updates, app downloads and 3rd party app notifications from smartphone to Urbane 2. To route notifications on the Urbane 2 when Bluetooth™ is unavailable, the compatible smartphone must also be on and connected to the internet.
8 Maximum standby and use time may vary depending on your current usage patterns, settings, and other factors and conditions.
9 Req's well-qualified credit, 20-mth 0% APR installment agreement & elig. service. Tax due at sale. If wireless svc is cancelled, device balance due. Other charges & restr's apply. Visit a store for details.
10 Mobile Share Value requires min. plan charge ($20/mo.) plus per device access charge ($10 to $40/mo.). Other monthly, overage & other charges, fees & restr's apply. See att.com/msv for plan details.
About AT&T
AT&T Inc. (NYSE:T) helps millions around the globe connect with leading entertainment, mobile, high speed Internet and voice services. We're the world's largest provider of pay TV. We have TV customers in the U.S. and 11 Latin American countries. We offer the best global coverage of any U.S. wireless provider**. And we help businesses worldwide serve their customers better with our mobility and highly secure cloud solutions.
Additional information about AT&T products and services is available at http://about.att.com. Follow our news on Twitter at @ATT, on Facebook at http://www.facebook.com/att and YouTube at http://www.youtube.com/att.
© 2016 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
**Global coverage claim based on offering discounted voice and data roaming; LTE roaming; voice roaming; and world-capable smartphone and tablets in more countries than any other U.S. based carrier. International service required. Coverage not available in all areas. Coverage may vary per country and be limited/restricted in some countries.
AT&T Inc. (PRNewsFoto/AT&T Inc.)
Logo: http://photos.prnewswire.com/prnh/20140408/CG99935LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/atts-lg-g5-smartphone-and-lg-watch-urbane-2nd-edition-lte-available-march-21-300238626.html
SOURCE AT&T Inc.
Copyright 2016 PR Newswire
AT&T: What If You Bought At Current Highs? $T
http://www.seekingalpha.com/article/3959897
Long Leash Portfolio: AT&T $T
http://www.seekingalpha.com/article/3959748
A Look At The Growth Of Sirius XM's Connected Vehicle Services Business $SIRI
http://www.seekingalpha.com/article/3959675
AT&T Inc. Announces Final Results of Exchange Offers and Consent Solicitations
Source: Business Wire
AT&T Inc. (NYSE: T) (“AT&T”) announced today the final results of its previously announced offers to exchange all validly tendered and accepted notes of each series listed below (collectively, the “DTV Notes”) previously issued by DIRECTV Holdings LLC and DIRECTV Financing Co., Inc. (together, “DTV”) and guaranteed by DIRECTV Group Holdings, LLC, each a wholly owned subsidiary of AT&T, for new notes to be issued by AT&T (collectively, the “AT&T Notes”), and the related solicitation of consents to amend the indentures governing the DTV Notes (the “DTV Indentures”). A Registration Statement on Form S-4 (File No. 333-209597) (the “Registration Statement”) relating to the issuance of the AT&T Notes was filed with the Securities and Exchange Commission (“SEC”) on February 19, 2016 (as amended by Amendment No. 1 to the Registration Statement filed with the SEC on March 3, 2016) and was declared effective by the SEC on March 11, 2016.
As of 11:59 p.m., New York City time, on March 17, 2016 (the “Expiration Date”), the aggregate principal amounts listed below of each series of DTV Notes had been validly tendered and not validly withdrawn in connection with the exchange offers and consent solicitations (the “Exchange Offers”). As of the Expiration Date, the requisite consents to amend each of the DTV Indentures were obtained. The final settlement of the Exchange Offers is expected to take place on or about March 21, 2016.
Series of DTV Notes to be
Exchanged
CUSIP/ISIN No.
Aggregate Principal Amount
Validly Tendered and to be
Accepted and Consents Received
as of the Expiration Date
Percentage of Total
Outstanding Principal Amount
of such Series of DTV Notes
2.400% Senior Notes due 2017 25459HBE4 $1,142,036,000 91.36%
1.750% Senior Notes due 2018 25459HBH7 $692,898,000 92.39%
5.875% Senior Notes due 2019 25459HAU9 $941,574,000 94.16%
5.200% Senior Notes due 2020
25459HAT2;
25459HAR6;
U25398AH8
$1,154,265,000 88.79%
4.600% Senior Notes due 2021 25459HAW5 $928,121,000 92.81%
5.000% Senior Notes due 2021 25459HBA2 $1,430,468,000 95.36%
3.800% Senior Notes due 2022
25459HBF1;
25459HBD6;
U25398AL9
$1,414,999,000 94.33%
4.450% Senior Notes due 2024 25459HBL8 $1,207,964,000 96.64%
3.950% Senior Notes due 2025 25460CAA1 $1,161,341,000 96.78%
6.350% Senior Notes due 2040 25459HAQ8 $490,483,000 98.10%
6.000% Senior Notes due 2040 25459HAX3 $1,234,053,000 98.72%
6.375% Senior Notes due 2041 25459HAZ8 $984,126,000 98.41%
5.150% Senior Notes due 2042 25459HBG9 $1,208,567,000 96.69%
2.750% Senior Notes due 2023 XS0933547456 €426,539,000 85.31%
4.375% Senior Notes due 2029 XS0830326269 £745,060,000 99.34%
5.200% Senior Notes due 2033 XS0994920238 £342,401,000 97.83%
The Exchange Offers were made pursuant to the terms and conditions set forth in AT&T’s prospectus, dated as of March 11, 2016 (the “Prospectus”), which forms a part of the Registration Statement, and, with respect to the U.S. dollar-denominated DTV Notes (the “DTV U.S. Notes”), the related Amended and Restated Letter of Transmittal and Consent (the “Letter of Transmittal”).
The dealer managers for the Exchange Offers relating to the DTV U.S. Notes were:
BofA Merrill Lynch
214 North Tryon Street, 21st Floor
Charlotte, North Carolina 28255
Attention: Liability Management Group
Collect: (980) 683-3215
Toll-Free: (888) 292-0070
Credit Suisse
Eleven Madison Avenue
New York, New York 10010
Attention: Liability Management Group
Collect: (212) 325-2476
Toll-Free: (800) 820-1653
Deutsche Bank Securities
60 Wall Street
New York, New York 10005
Attention: Liability Management Group
Collect: (212) 250-2955
Toll-Free: (866) 627-0391
The dealer managers for the Exchange Offers relating to the euro-denominated and sterling-denominated DTV Notes were:
Merrill Lynch International
2 King Edward Street
London EC1A 1HQ
United Kingdom
Attention: Liability Management Group
Phone: +44 (0) 20 7996 5698
Email: DG.LM_EMEA@baml.com
Credit Suisse
One Cabot Square
London E14 4QJ
United Kingdom
Attention: Liability Management Group
Phone: +44 (0) 20 7883 8763
Email: liability.management@credit-suisse.com
Deutsche Bank AG, London Branch
Winchester House
1 Great Winchester Street
London EC2N 2DB
United Kingdom
Attention: Liability Management Group
Phone: +44 20 7545 8011
Email: liability.management@db.com
The exchange agent and information agent for the Exchange Offers relating to the DTV U.S. Notes was:
By Facsimile (Eligible Institutions Only):
(212) 430-3775 or
(212) 430-3779
Global Bondholder Services Corporation
By E-Mail:
contact@gbsc-usa.com
By Mail or Hand:
65 Broadway—Suite 404
New York, New York 10006
The exchange agent and information agent for the Exchange Offers relating to the euro-denominated and sterling-denominated DTV Notes was:
By E-Mail:
att@lucid-is.com
Lucid Issuer Services Limited
By Mail, Hand or Overnight Delivery:
Lucid Issuer Services Limited
Tankerton Works
12 Argyle Walk
London WC1H 8HA
United Kingdom
Attention: Sunjeeve Patel / Paul Kamminga
Confirmation by Telephone:
+44 20 7704 0880
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein and is also not a solicitation of the related consents. The Exchange Offers were made solely pursuant to the terms and conditions described in the Prospectus, the Letter of Transmittal and the other related materials.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
CAUTIONARY LANGUAGE CONCERNING FORWARD-LOOKING STATEMENTS
Information set forth in this news release contains forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission and in the Registration Statement related to the Exchange Offers. AT&T disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160318005364/en/
AT&T Corporate Communications
McCall Butler, 917-209-5792
mb8191@att.com
AT&T And The Benefit Of A Swooning Stock Price $T
http://www.seekingalpha.com/article/3959518
AT&T AdWorks Creates Addressable Upfronts Instead Of A Traditional TV Upfront
Source: PR Newswire (US)
NEW YORK, March 17, 2016 /PRNewswire/ -- AT&T1 AdWorks, the leader in addressable TV advertising, plans to host the advertising industry's first "Addressable Upfronts" beginning in April. There will be over 100 events customized for specific advertisers across the country.
To help advertisers learn how to best use addressable2 advertising to reach their target audiences, we're tailoring our upfront events that will showcase our addressable targeted advertising capabilities.
These events will highlight our linear Addressable TV and recently announced cross-screen addressable capabilities. Attendees will gain insight into addressable advertising best practices based on our learnings from hundreds of addressable campaigns run through AT&T AdWorks.
"Our addressable advertising offer maximizes the return on ad spending by matching the right ad with the right household and audience. It's a more meaningful way of doing advertising. We wanted to apply that same strategy to our upfront events," said Jason Brown, vice president of national advertising sales, AT&T AdWorks. "Our Addressable Upfronts will maximize the time agencies and advertisers invest with us throughout a busy upfront season."
By customizing each upfront event we make it possible for advertisers to discuss their unique addressable advertising needs related directly to their business. Upfront attendees will learn more about addressable best practices by vertical, advanced targeting methodologies, and breakthrough strategies to maximize return on investment with an addressable TV buy. We'll also showcase AT&T AdWorks' ability to virtually eliminate advertising waste by reaching an advertiser's precise target audience on the nation's largest addressable TV platform.
Attendees will also receive an "Addressable Television Best Practices" report and have a chance to win tech gadgets and tickets to the Big Game in 2017.3
We will host the New York City events at our AT&T AdWorks Lab, which provides an immersive, one-of-a-kind addressable experience. For interested parties outside of New York City we will offer an AT&T AdWorks "Lab-to-Go."
1 AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
2 Addressable advertising is referred to as "Relevant Advertising" in the AT&T Privacy Policy, and subscribers may opt-out of receiving it.
3 No purchase necessary to enter or win. Sweepstakes open to US Residents of 50 US (DC), Must be 18 years old (19 in AL and NE, 21 in MS). Ends June 30, 2016 at 9am EST. Subject to official rules available at check-in booth or upon request. Void where prohibited.
About AT&T AdWorks
AT&T AdWorks is the leader in Addressable TV advertising. We combine unparalleled scale in addressable TV advertising with the best targeting capability in the TV business to deliver a better ROI for advertisers. And we can extend addressable TV campaigns across screens. The AT&T AdWorks product suite includes: Addressable TV Advertising, TV Blueprint, Interactive TV and Premium Digital Video Advertising (including Otter Media properties).
About AT&T
AT&T Inc. (NYSE:T) helps millions around the globe connect with leading entertainment, mobile, high speed Internet and voice services. We're the world's largest provider of pay TV. We have TV customers in the U.S. and 11 Latin American countries. We offer the best global coverage of any U.S. wireless provider.* And we help businesses worldwide serve their customers better with our mobility and highly secure cloud solutions.
Additional information about AT&T products and services is available at http://about.att.com. Follow our news on Twitter at @ATT, on Facebook at http://www.facebook.com/att and YouTube at http://www.youtube.com/att.
© 2016 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
*Global coverage claim based on offering discounted voice and data roaming; LTE roaming; voice roaming; and world-capable smartphone and tablets in more countries than any other U.S. based carrier. International service required. Coverage not available in all areas. Coverage may vary per country and be limited/restricted in some countries.
AT&T Inc. (PRNewsFoto/AT&T Inc.)
Logo - http://photos.prnewswire.com/prnh/20140408/CG99935LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/att-adworks-creates-addressable-upfronts-instead-of-a-traditional-tv-upfront-300237483.html
SOURCE AT&T Inc.
Copyright 2016 PR Newswire
A New Lawsuit Seeks To Inspect Books And Records Of Fannie Mae Under DGCL $FNMA
http://www.seekingalpha.com/article/3958527
U.S. airlines battle for Cuba routes
http://www.seekingalpha.com/news/3167481
I would agree that we see an increase in pps. Wouldn't mind seeing $5!
Atlantic Power Corporation Announces Resignation of Director
Source: PR Newswire (Canada)
DEDHAM, Mass., March 14, 2016 /CNW/ -- Atlantic Power Corporation (NYSE: AT) (TSX: ATP) ("Atlantic Power" or the "Company") announced today that Kenneth M. Hartwick has resigned from the Company's Board of Directors, effective March 11, 2016, in order to assume his new role as Senior Vice President and Chief Financial Officer of Ontario Power Generation (OPG). OPG is a power generation company based in Toronto and owned by the Province of Ontario. It generates approximately half the province's power supply needs.
Mr. Hartwick had been a director of the Company since October 2004. He also served as the Company's interim President and Chief Executive Officer from September 2014 to January 2015.
"On behalf of the entire Board of Directors, I would like to thank Ken for his many contributions to the Board over the past 11 years and for his service to the Company as interim CEO. His many years of leadership experience in the energy sector have been invaluable to the Board as well as to the Company's management. We wish him well in his new role at OPG," said Irving Gerstein, Chairman of the Board of Atlantic Power.
"I have enjoyed my time on the Atlantic Power Board and step down with confidence that the management team and Board have a clear strategic direction on which they will continue to execute. I look forward to the Company's continued success," said Kenneth Hartwick.
About Atlantic Power
Atlantic Power owns and operates a diverse fleet of power generation assets in the United States and Canada. The Company's power generation projects sell electricity to utilities and other large commercial customers largely under long-term power purchase agreements, which seek to minimize exposure to changes in commodity prices. Atlantic Power's power generation projects in operation have an aggregate gross electric generation capacity of approximately 2,138 megawatts ("MW") in which its aggregate ownership interest is approximately 1,500 MW. The Company's current portfolio consists of interests in twenty-three operational power generation projects across nine states in the United States and two provinces in Canada.
Atlantic Power trades on the New York Stock Exchange under the symbol AT and on the Toronto Stock Exchange under the symbol ATP. For more information, please visit the Company's website at www.atlanticpower.com or contact:
Atlantic Power Corporation
Investor Relations
(617) 977-2700
info@atlanticpower.com
Copies of financial data and other publicly filed documents are filed on SEDAR at www.sedar.com or on EDGAR at www.sec.gov/edgar.shtml under "Atlantic Power Corporation" or on the Company's website.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/atlantic-power-corporation-announces-resignation-of-director-300235159.html
SOURCE Atlantic Power Corporation
Copyright 2016 Canada NewsWire
Tronox - Q1 Earnings To Further Evidence Synergy Of Alkali Acquisition $TROX
http://www.seekingalpha.com/article/3958153
AT&T, Starwood, Marriott working on Cuba deals
http://www.seekingalpha.com/news/3166987
American Airlines Group: Should Investors Worry About Capacity Growth? $AAL
http://www.seekingalpha.com/article/3958008
Sirius XM Is Again Increasing Prices $SIRI
http://www.seekingalpha.com/article/3957982
AT&T, Starwood, Marriott Poised to Ink Cuba Deals
Source: Dow Jones News
WASHINGTON—Three major U.S. corporations are preparing to complete deals to do business in Cuba as an approving President Barack Obama prepares for a historic presidential trip to the island this month.
With just over a week until Mr. Obama's March 20 visit, at least three companies—AT&T Inc., Starwood Hotels and Resorts Worldwide, Inc. and Marriott International—are expected to announce agreements with Cuban government-run entities, according to company and U.S. officials.
They will be among the high-profile first deals notched since Mr. Obama said in December 2014 that the U.S. would move to restore ties with Cuba after more than 50 years of Cold War enmity. Since then, the Obama administration has loosened travel and trade restrictions for a variety of industries, betting that closer business ties between the U.S. and Cuba will cement the administration's policy of normalization.
White House officials expressed hope some of these deals would come together before Mr. Obama arrives in Havana March 20 to showcase the value of closer ties, but the timing is still uncertain and some could be announced after the presidential visit.
Marriott CEO Arne Sorenson, vice chair of the President's Export Council, will travel to Cuba with Mr. Obama.
While final approvals from Cuba for business ventures often take time, companies also must obtain clearance from U.S. agencies, since many commercial transactions are restricted or prohibited under the long-standing U.S. embargo.
"We are optimistic that we are going to get a green light soon from the U.S. government to have hotels under the Marriott flag in Cuba," said Thomas Marder, a Marriott spokesman.
Commerce Secretary Penny Pritzker will also accompany Mr. Obama, as well as the export council's chair, Ursula Burns, chairman and CEO of Xerox Corp.
Agriculture Secretary Tom Vilsack, Small Business Administration head Maria Contreras-Sweet and Secretary of State John Kerry also are among cabinet members going on the trip.
Starwood, which is soon to be acquired by Marriott, is also expected to make an announcement, according to U.S. officials and other people familiar with the matter.
"We see many opportunities for the expansion of our brands into Cuba at this inflection point, and look forward to building long-term relationships and welcoming travelers into our hotels in this dynamic market," said Carrie Bloom, a Starwood spokeswoman, adding the firm is awaiting Treasury Department approval.
AT&T is expected soon to complete a roaming agreement with Cuba's state-run telecommunications company ETECSA, U.S. officials said. A person familiar with the negotiations said ETECSA and AT&T haven't yet reached an agreement. AT&T declined to comment.
The White House has also been in touch with Major League Baseball and several cruise lines about completing agreements while Mr. Obama is in Havana. Mr. Obama is scheduled to attend an exhibition game between the Tampa Bay Rays and the Cuban National Team on March 22.
His attendance there will come amid discussions among the U.S., Cuba and MLB about allowing Cuban players to come to the U.S. to play legally in the U.S. The trade embargo against Cuba, which blocks most U.S.-Cuban business, also covers baseball contracts.
In September, the Treasury Department's Office of Foreign Assets Control granted a general license to cruise lines that want to call in Cuba, but Cuban officials haven't yet approved proposals from Carnival Corp., Norwegian Cruise Line and several other U.S.-based cruise lines, which had been granted specific licenses and submitted proposals before that regulation change. U.S. officials said they are hoping the Cuban government will grant those approvals while Mr. Obama is visiting.
The deals will accompany the Obama administration's likely announcement before the visit of additional steps to loosen the trade and travel embargoes. The details of those are still being worked out, but are likely to include allowing individual licenses for people-to-people travel and loosening restrictions on the use of U.S. dollars in transactions with Cuba, among other changes, according to people familiar with the discussions. Under people-to-people travel, solo American travelers could visit Cuba legally simply by interacting with Cubans or touring a museum.
The White House believes that expanding economic and commercial ties with Cuba will precipitate changes in democracy and governance on the island. Administration officials see business deals as hard to undo once they are in place, so they will go furthest toward making the president's opening to Cuba a permanent feature of U.S. foreign policy.
Despite enthusiasm among U.S. companies to do business in Cuba, few have announced deals. Airbnb Inc. launched there last year and Sprint Corp. and Verizon Wireless currently offer roaming service on the island.
Showtime's "House of Lies" shot an episode there and Universal Pictures' "Fast and Furious 8" is expected to film there this year. The American DJ and music producer Diplo and his electronic group Major Lazer recently hosted a concert attended by as many as 400,000 people.
Write to Felicia Schwartz at Felicia.Schwartz@wsj.com and Carol E. Lee at carol.lee@wsj.com
(END) Dow Jones Newswires
March 11, 2016 16:05 ET (21:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.