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Stock Market & Financial Investment News

News Breaks
May 22, 2014
06:11 EDTCTLCenturyLink initiated with a Market Perform at Bernstein
Target $37.
News For CTL From The Last 14 Days
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July 29, 2014
17:06 EDTCTLOn The Fly: Closing Wrap
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13:39 EDTCTLVerizon previously looked at potential REIT, says Raymond James
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12:23 EDTCTLWindstream REIT spin off plan provides jolt for stock, telecom sector
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12:13 EDTCTLOn The Fly: Midday Wrap
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12:02 EDTCTLOptions with increasing implied volatility
Options with increasing implied volatility: MNKD PSEC DLTR CTL K IGT BRKB HSH
09:52 EDTCTLActive equity options trading on open
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09:22 EDTCTLWindstream worth at least $15/share after spinoff news, says Oppenheimer
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09:17 EDTCTLOn The Fly: Pre-market Movers
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09:00 EDTCTLAT&T, Verizon rally after Windstream announces plans for REIT
Shares of AT&T (T) and Verizon (VZ) are trading higher in the pre-market following news that Windstream (WIN) plans to spin off its telecom assets into a publicly traded REIT. Windstream provides network communications to businesses nationwide. It said the tax-free spinoff will enable it to realize "significant financial flexibility by lowering debt by approximately $3.2 billion and increasing free cash flow to accelerate broadband investments, transition faster to an IP network and pursue additional growth opportunities to better serve customers." The news is also pushing shares of CenturyLink (CTL) and Frontier Communications (FTR) higher. Windstream is rallying 28% in pre-open trading, while AT&T is up 4% and Verizon is up 3%.
08:48 EDTCTLFrontier, CenturyLink rally after Windstream announces spinoff
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