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Stock Market & Financial Investment News

News Breaks
February 6, 2014
06:47 EDTLVLTLevel 3 upgraded to Buy from Hold at Canaccord
Canaccord upgraded Level 3 following the better than expected Q4 report and outlook citing solid execution and trends. Price target raised to $41 from $30.
News For LVLT From The Last 14 Days
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February 26, 2015
13:00 EDTLVLTFCC votes in favor of adopting net neutrality proposals
The Federal Communications Commission voted 3 to 2 in favor of adopting new open Internet, or "net neutrality," rules. FCC Chairman Tom Wheeler has proposed that the FCC use its Title II authority to implement and enforce open Internet protections, with "bright-line" rules to ban paid prioritization and the blocking and throttling of lawful content and services. However, Wheeler said his proposal will "modernize" Title II, insuring there will be no rate regulation, no tariffs, and no last-mile unbundling. Major Internet Service Providers, including AT&T (T), Comcast (CMCSA), and Verizon (VZ), have opposed FCC Chairman Wheeler's proposals to treat Internet service similar to a utility. Other companies that provide Internet services include Time Warner Cable (TWC), CenturyLink (CTL), DIRECTV (DTV), Cablevision (CVC) and Lumos Networks (LMOS). Netflix (NFLX) has strongly supported open Internet provisions. Cogent Communications (CCOI) and Level 3 Communications (LVLT) are facilities-based providers of Internet access and Internet Protocol communications services that are likely to be impacted by FCC rules on net neutrality.
12:55 EDTLVLTFCC Chair says open Internet proposals not a plan to control the Internet
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09:11 EDTLVLTAlteva and Level 3 partnered in communications overhaul for Focus Pointe
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