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May 16


Jim Cramer Stock Watch: December 12th Stock Picks and American Tower to Buy New Towers
News - Financial News
Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet(TM)s acclaimed premium newsletter>>As the embattled former Senator, Governor, head of Goldman Sachs, and CEO of MF Global testifies again today in …Quotes delayed, except where indicated otherwise. Delay times are 15 mins for NASDAQ, NYSE and Amex. See also delay times for other exchanges. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. [Read the full article]

American Tower Corp.(NYSE:AMT - News) recently announced its plan to purchase 2,500 towers from Pegaso PCS, the Mexican arm of Telefnica for $500 million. The deal is expected to be completed by the end of fiscal 2011, subject to regulatory approvals.The mobile sector in Mexico remains one of the main growth drivers for the telecom industry and grew at approximately 10% annually, achieving more than 85% penetration by mid 2011. Broadband is the other principal driver in Mexico(TM)s telecommunications market. Both cable modem and ADSL continued to enjoy strong subscriber growth in 2011 with a combined average growth rate of over 20%.Increased usage of smartphones and tablets has led to higher demand for data consumptions. Moreover, increased deployment of 3G networks in Mexico and other Latin American countries will create more demand for tower leasing in those regions, in our view.Currently, American Tower operates 20,935 wireless towers in the U.S. [Read the full article]

"It is change, continuing change, inevitable change that is the dominant factor in society today," the famous science fiction writer Isaac Asimov once pointed out. In the realm of retirement planning, that wise observation is as true now as it was when Asimov related it.Indeed, the traditional retirement - leaving work at 65, moving somewhere warm and spending your golden years winding down - is quickly becoming a thing of the past. For example, among employed males age 64, the likelihood of retiring at 65 was recently shown to be only 7% for those born between 1943 and 1947. For this group, which is around retirement age right now, the chance of actually being retired at 65 is much lower than the 56% probability for men born between 1913 and 1917, according to a July 2010 Urban Institute report.Why do Americans have the tendency to retire later? There are a lot of reasons, like a tough economy, which can derail anyone's retirement plans. [Read the full article]

As the eurozone crisis grinds on into another year, the only substantive change is the name at the center of the storm. Worries about Ireland have largely subsided for the time being, but the situation in Greece is still parlous at best. Now the spotlight is on Italy; amidst a change in government, ongoing wrangling with France and Germany and coordination between multiple central banks, the worry now is whether commercial banks, insurers and investors will have to factor in the risk of a default in yet another country.What went so wrong for Italy that the country and its citizens find themselves in this situation? And perhaps more to the point, what can be done to fix matters?The State of ThingsAt the risk of oversimplification, Italy is the latest European country to find itself no longer in position of the benefit of the doubt when it comes to its solvency and liquidity. [Read the full article]
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