Move over Visa, Here Comes AT&T and Verizon

Visa & Mastercard

Today's biggest story that isn't getting the attention it deserves -- AT&T (NYSE:T) and Verizon (NYSE:VZ) to Take on MasterCard (NYSE:MA) and Visa (NYSE:V).  Another reason why AT&T Shares may not be Stuck in the $20 Range.

AT&T Shares Stuck in the $20 Range?

AT&T Inc. (NYSE:T)

AT&T Inc. (NYSE:T) commands a massive $153.3 billion market cap and in 2010 its share price has been stuck trading between $24 and $28.  With its shares now trading just 8.3% away from its 52-week low can it finally move into the $30 range?

RIM Releases New Java, Home Depot Jobs, and AT&T Expanding (NASDAQ:RIMM),(NYSE:HD),(NYSE:T)

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Research In Motion (NASDAQ:RIMM) today released updated Java and Web-based development tools for the BlackBerry® platform.

Corporate America Forced to Pay Millions for Health Care Reform (NYSE:T),(NYSE:CAT),(NYSE:AKS)

Health Care Industry

AT&T (NYSE:T) has to cough up $1 billion, Caterpillar Inc (NYSE:CAT) is on the hook for $100 million and AK Steel Corp. (NYSE:AKS) will be hit with $31 million in charges.  Part of the new healthcare law places a federal income tax on government subsidies given to companies that provide retirees and their spouses with drug benefit plans. The 28% subsidy was created as Medicare Part D, adding a prescription plan for senior citizens to the Medicare Act of 2003.

PepsiCo's Gatorade Done with Tiger Woods (PEP, T, ACN)

Tiger Woods

PepsiCo Inc. (NYSE:PEP) Gatordade has dropped Tiger Woods, joining Accenture (NYSE:ACN) and AT&T (NYSE:T).

AT&T Fixes iPhone Data Hogging (NYSE:T)

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AT&T Inc. (NYSE:T) started a spree of headlines after it halted online iPhone sales.  This seems to revive discussions that iPhone may overload AT&T's network, especially in dense urban markets.

Will Sprint and T-Mobile Merge? (NYSE: S),(NYSE: VZ),(NYSE: T)

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It seems the rumor mill is still a buzz about a merger of Sprint Nextel Corporation (NYSE:S) and T-Mobile USA (owned by Deutsche Telekom).  If Verizon Communications Inc. (NYSE:VZ) and AT&T Inc. (NYSE:T) continue to expand control over the wireless arena,

Big Business Using More Natural Gas (UNG, T, UPS)

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Thanks to natural gas prices coming down and more discoveries of American deposits utilities are debating whether to retrofit coal plants for gas. Big corporations such as AT&T (NYSE:T) and United Parcel Service (NYSE:UPS)  are beginning to convert large truck fleets from oil-based gasoline to natural gas.  Could this be a reason to start looking at going long the United States Natural Gas Fund, LP (NYSE:UNG)?

Millions To Cut Cell Phone Spending

Recession

While we don't expect people to get rid of their cellphones during the recession -- it seems that cutting the landline is more likely -- it does make sense that people would cut back on extras or trim their mobile budgets.

AT&T raises Dividend 2.5%

AT&T Inc. (NYSE:T)

I can't remember the last time I heard a company raising their dividend, but AT&T Inc. (NYSE:T) just did and up 2.5%.

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