Telecom giant AT&T Inc. (NYSE:T) on Wednesday defended its proposed $48.5 billion acquisition of satellite television company DirecTV ( DTV ), saying that a combined company would be able to offer new and better service bundle as well as create a stronger competitor to large cable providers, resulting in overall net benefit to consumers. AT&T Inc. (NYSE:T) stock performance was -0.37% in last session and finished the day at $34.81. Traded volume was 16.33million shares in the last session and the average volume of the stock remained 27.90million shares. The beta of the stock remained 0.50. AT&T Inc. (NYSE:T) insider ownership is 0.04%.
Google Inc (NASDAQ:GOOGL) announces that it purchase satellite company Skybox Imaging for $500 million all-cash deal to boost the Google Map and improve Internet access throughout the world. Google Inc (NASDAQ:GOOGL) dropped -0.14 percent to $567.50 Wednesday on volume of 1.13million shares. The intra-day range of the stock was $563.68 to $568.97. Google Inc (NASDAQ:GOOGL) has a market capitalization of $382.78billion.
Software giant Microsoft Corporation (NASDAQ:MSFT) is unwilling to provide the email data of its customer to the US government and the company has decided to fight legal case against the U.S. government. Microsoft Corporation (NASDAQ:MSFT)’s stock on June 11, 2014 reported a decrease of -0.17% to the closing price of $41.04. Its fifty two weeks range is $30.84 -$41.66. The total market capitalization recorded $339.01billion. The overall volume in the last trading session was 18.04million shares. In its share capital, MSFT has 8.26billion outstanding shares.
Netflix will ease up on a month-long finger-pointing campaign that blamed Verizon Communications Inc. (NYSE:VZ) and other Internet service providers for problems with its video subscription service. On Wednesday, shares of Verizon Communications Inc. (NYSE:VZ) dropped -0.30% to close the day at $49.37. Company return on investment (ROI) is 19.80% and its monthly performance is recorded as 2.51%. Verizon Communications Inc. (NYSE:VZ) quarterly revenue growth is 7.68%.
Sprint and T-Mobile US Inc (NYSE:TMUS) are the third and fourth largest wireless operators in the United States, respectively. The merger could present serious competition for market leaders Verizon Communications and AT&T.T-Mobile US Inc (NYSE:TMUS) stock performance was -0.42% in last session and finished the day at $33.20. Traded volume was 3.49million shares in the last session and the average volume of the stock remained 4.46million shares. The beta of the stock remained 1.23. T-Mobile US Inc (NYSE:TMUS) insider ownership is 66.70%.