AT&T (NYSE: T) and DIRECTV (DTV) announced that they have entered into a definitive agreement under which AT&T will acquire DIRECTV in a stock-and-cash transaction for $95 per share based on AT&T’s Friday closing price.
Having provided preliminary results a couple of weeks ago, Sony (NYSE: SNE) reported full year results that showed rising sales ($75.41 billion, or 14.3% higher than a year ago) on the strength of PlayStation 4 and smartphones.
Electro Scientific Industries (NASD: ESIO) followed up its April 23rd preliminary announcement with the news that revenue in the fourth quarter of fiscal 2014 was $37.1 million, compared to $38.3 million in the third quarter of 2014 and $39.6 million in the fourth quarter of last fiscal year.
While banks do still face headwinds such as ongoing litigation, increased regulation and reduced trading profits, these have been so heavily trumpeted in the financial headlines that bank stock prices have over-reacted on the downside.
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