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Stock Market & Financial Investment News

News Breaks
June 17, 2014
08:14 EDTLVLT, TWTC, CTLLevel 3 acquisition positive, says DA Davidson
After Level 3 (LVLT) agreed to buy tw telecom (TWTC), DA Davidson thinks that Level 3 understated the deal's cap ex savings, which the firm thinks could reach $100M-$200M over the longer term. The firm believes that CenturyLink (CTL) could make a bid for tw telecom, but thinks that CenturyLink would have to overcome hurdles to acquire tw telecom, including a possible downgrade of its debt. The firm believes that the deal provides more sustainable U.S. growth for Level 3, and it keeps a Buy rating on the shares.
News For LVLT;TWTC;CTL From The Last 14 Days
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July 24, 2014
13:16 EDTLVLTAkamai advances following Macquarie upgrade
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July 23, 2014
09:03 EDTLVLTLevel 3 awarded services contract by Department of Homeland Security
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July 22, 2014
08:12 EDTLVLTLevel 3 announces planned executive management team
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July 21, 2014
16:18 EDTLVLTNetflix says policy goal is for DOJ/FCC to block Comcast, TWC deal
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July 18, 2014
05:57 EDTLVLTLevel 3 says Verizon 'deliberately' causing Netflix congestion
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July 15, 2014
07:24 EDTLVLTMicrosoft to hold a conference
MSFT Worldwide Partner Conference to be held in Washington, D.C. on July 13-17.
July 11, 2014
15:00 EDTCTLChance of Rackspace strategic buyer lower if CenturyLink out, says Wells Fargo
After BrightWire said that CenturyLink's (CTL) interest in Raxspace (RAX) had faded, Wells Fargo cautioned that it is difficult to judge the validity of sources in "articles such as this." However, Wells added that if CenturyLink is actually out, that the possibility of Raxspace finding a strategic buyer could be "meaningfully" lower. The firm keeps it Outperform rating on Raxspace, citing its fundamentals.
14:08 EDTCTLRackspace drawing 'tepid' interest from potential buyers, BrightWire says
Rackspace (RAX) is receiving a "tepid" response from potential buyers, according to BrightWire, citing three sources familiar with the matter. One industry source said CenturyLink (CTL) made an initial overture, but a banking source said the interest was only casual and soon faded, according to the report. Reference Link

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