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Friday, April 18, 2014

Merger talks between Barrick Gold and Newmont Mining break down -WSJ, (NYSE: ABX), (TSE: ABX.TO), (NYSE: NEM)

Merger talks between Barrick Gold Corp and Newmont Mining Corp, the world's top two gold producers, broke down in the past few days, the Wall Street Journal reported, citing unnamed sources. The two companies, with a combined market capitalization of about $33 billion, were in advanced talks about a merger this week, the Journal said. (r.reuters.com/guk68v)A spokesman for Barrick declined to comment, and a spokesman for Newmont was not immediately available.Barrick had twice reached deals to purchase Newmont, first in 2008 and then in 2010, but scrapped the agreements, Reuters reported last year, citing unnamed sources.

Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. Shares of ABX fell by 1.86% or $-0.34/share to $17.98. In the past year, the shares have traded as low as $13.43 and as high as $21.70. On average, 12720600 shares of ABX exchange hands on a given day and today's volume is recorded at 8633625.

Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. Shares of ABX fell by 1.88% or $-0.38/share to $19.81. In the past year, the shares have traded as low as $14.22 and as high as $24.44. On average, 3177930 shares of ABX.TO exchange hands on a given day and today's volume is recorded at 2319077.

Newmont Mining Corporation, is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Indonesia, Ghana, New Zealand and Mexico. Shares of NEM fell by 0.88% or $-0.21/share to $23.54. In the past year, the shares have traded as low as $20.79 and as high as $35.44. On average, 10044600 shares of NEM exchange hands on a given day and today's volume is recorded at 5468587.



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TPG-led group to make $450 million investment in Airbnb -source, (NASDAQ: TROW)

A group led by private equity firm TPG Capital Management LP has agreed to invest $450 million in Airbnb Inc, valuing the online home-rental marketplace at $10 billion, a source familiar with the matter told Reuters. The source did not divulge the names of other investors.The investor group also includes investment firm Dragoneer Investment Group, T. Rowe Price Group Inc and Sequoia Capital, the Wall Street Journal reported earlier. (r.reuters.com/sek68v)Among the investors, TPG Growth, the private equity firm's middle-market and growth-equity arm, and Dragoneer are expected to invest about $75 million each in Airbnb, and Sequoia is expected to invest about $85 million, the Journal said.It was not clear from the story how much T. Rowe Price or any additional investors might put in.

T. Rowe Price Group, Inc. is a financial services holding company, which provides global investment management services through its subsidiaries to individual and institutional investors in the sponsored T. Shares of TROW traded higher by 0.36% or $0.29/share to $80.63. In the past year, the shares have traded as low as $69.90 and as high as $84.73. On average, 1531540 shares of TROW exchange hands on a given day and today's volume is recorded at 1740715.



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U.S. power producer Calpine to sell 6 plants for $1.57 bln, (NYSE: CPN)

U.S. power company Calpine Corp said it will sell six power plants in the U.S. Southeast to LS Power for $1.57 billion in cash to focus on the wholesale power markets and better align its asset base.The power plants together generated about 3.5 gigawatts of capacity in Oklahoma, Louisiana, Alabama, Florida and South Carolina.With none of the plants restricted to any project debt, Calpine expects the deal to result in net cash proceeds of about $1.53 billion.The company said the divesture is expected to add about $100 million to its adjusted earnings before interest, taxes, depreciation, and about $70 million to its adjusted free cash flow in 2014.

Calpine Corporation (Calpine) is an independent wholesale power producer in the United States. Shares of CPN fell by 0.93% or $-0.2/share to $21.37. In the past year, the shares have traded as low as $18.46 and as high as $22.16. On average, 3939230 shares of CPN exchange hands on a given day and today's volume is recorded at 2253977.



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Calpine to sell 6 U.S. power plants for $1.57 billion, (NYSE: CPN)

Calpine Corp said it will sell six power plants in the U.S. Southeast to LS Power for $1.57 billion in cash to focus on the wholesale power markets and better align its asset base. The company said the divesture is expected to add about $100 million to its adjusted earnings before interest, taxes, depreciation in 2014. (Reporting By Kanika Sikka in Bangalore; Editing by Marguerita Choy)

Calpine Corporation (Calpine) is an independent wholesale power producer in the United States. Shares of CPN fell by 0.93% or $-0.2/share to $21.37. In the past year, the shares have traded as low as $18.46 and as high as $22.16. On average, 3939230 shares of CPN exchange hands on a given day and today's volume is recorded at 2253977.



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Thursday, April 17, 2014

Potential Sprint/T-Mobile deal may prompt U.S. auction rethink, (NYSE: T), (NYSE: TMUS), (NYSE: VZ)

A possible merger between Sprint Corp and T-Mobile US Inc could prompt U.S. regulators to rewrite rules they are now weighing for a 2015 auction of airwaves, according to sources familiar with the proposed regulations.Sprint's parent company has been exploring a possible tie-up with T-Mobile, although no proposal has been announced. Federal Communications Commission Chairman Tom Wheeler has proposed restrictions on how much the biggest carriers, Verizon Communications Inc and AT&T Inc, could bid in the major auction of television spectrum scheduled for mid-2015.The auction offers carriers a chance to purchase access to airwaves that are valued for their strength and reach.Wheeler's proposal has yet to be formally circulated among other FCC commissioners but would reserve up to 30 megahertz of spectrum in each market for carriers who do not already dominate the lower frequencies there - in most cases, Verizon and AT&T.

AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T fell by 0.17% or $-0.06/share to $36.04. In the past year, the shares have traded as low as $31.74 and as high as $39.00. On average, 31296400 shares of T exchange hands on a given day and today's volume is recorded at 25308886.

Shares of TMUS traded higher by 2.18% or $0.65/share to $30.40. In the past year, the shares have traded as low as $16.01 and as high as $34.10. On average, 5285040 shares of TMUS exchange hands on a given day and today's volume is recorded at 5443766.

Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ traded higher by 1.06% or $0.5/share to $47.60. In the past year, the shares have traded as low as $45.08 and as high as $54.31. On average, 43416900 shares of VZ exchange hands on a given day and today's volume is recorded at 23240664.



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Sprint/T-Mobile merger may prompt U.S. FCC to rewrite auction rules, (NYSE: T), (NYSE: TMUS), (NYSE: VZ)

A planned merger of Sprint Corp and T-Mobile US Inc could prompt U.S. regulators to rewrite rules they are now weighing for a 2015 auction of airwaves, according to sources familiar with the proposed plan.Federal Communications Commission Chairman Tom Wheeler has proposed restrictions on how much the biggest carriers, Verizon Communications Inc and AT&T Inc, could bid in the major auction of television spectrum scheduled for mid-2015.The auction offers carriers a chance to purchase access to airwaves that are valued for their strength and reach.Wheeler's proposal has yet to be formally circulated among other FCC commissioners but would reserve up to 30 megahertz of spectrum in each market for carriers who do not already dominate the lower frequencies there - in most cases, Verizon and AT&T.

AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T fell by 0.17% or $-0.06/share to $36.04. In the past year, the shares have traded as low as $31.74 and as high as $39.00. On average, 31296400 shares of T exchange hands on a given day and today's volume is recorded at 25281808.

Shares of TMUS traded higher by 2.18% or $0.65/share to $30.40. In the past year, the shares have traded as low as $16.01 and as high as $34.10. On average, 5285040 shares of TMUS exchange hands on a given day and today's volume is recorded at 5443766.

Verizon Communications Inc. (Verizon) is a holding company. Shares of VZ traded higher by 1.06% or $0.5/share to $47.60. In the past year, the shares have traded as low as $45.08 and as high as $54.31. On average, 43416900 shares of VZ exchange hands on a given day and today's volume is recorded at 22240940.



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