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Level 3 Financing Announces $650M Tranche B II Term Loan
Wednesday, August 3, 2011 - 3:52pm | 52Level 3 Communications, Inc. (Nasdaq: LVLT) today announced that its wholly owned subsidiary, Level 3 Financing, Inc., has received commitments from lenders to increase the borrowings under its existing $1.68 billion senior secured credit facility through the creation of a new $650 million Tranche...
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Pre-Market Gainers 8/3
Wednesday, August 3, 2011 - 7:40am | 94Emdeon (NYSE: EM) +13.54% on the reports that Blackstone will buy the company for $3B. SuccessFactors (NASDAQ: SFSF) +14.32% on the upbeat earning reported yesterday. Clean Harbors (NYSE: CLH) +10.44 on the upbeat earnings reported this morning. Vonage (NYSE: VG) +7.82% on the upbeat earnings...
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NASDAQ's Top Gainers for Monday: PAETEC, Sify Technologies, Dynavax, Limelight Networks
Tuesday, August 2, 2011 - 10:06am | 485POINT ROBERTS - August 2, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Monday, Aug. 01, 2011. PAETEC Holding Corp was the top gainer, climbing 20.60%. PAETEC Holding Corp. (Public, NASDAQ: PAET)...
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Stocks to Watch for Tuesday 8/02/2011: Fresh 52-Week Highs and Lows
Tuesday, August 2, 2011 - 3:20am | 3164Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...
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NASDAQ Stocks Hitting 52-Week Highs
Monday, August 1, 2011 - 9:01am | 119Melco Crown Entertainment Limited (NASDAQ: MPEL) shares jumped 6.15% to create a new 52-week high of $16.06. Macau posted a 48.4% surge in July gambling revenue. National American University Holdings Inc (NASDAQ: NAUH) shares gained 2.83% to touch a new 52-week high of $10.54. NAUH is scheduled to...
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Morning Market Movers
Monday, August 1, 2011 - 8:47am | 124PAETEC Holding Corp (NASDAQ: PAET) climbed 21.49% to $5.37 at 9:45 am. Windstream announced its plans to acquire Paetec Holding for around $891 million in stock. iSoftStone Holdings Limited (NYSE: ISS) surged 15.77% to $14.24. ISS is scheduled to report its Q2 results on August 17. Genetic...
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Windstream to Acquire PAETEC Valued At Approximately $2.3 Billion
Monday, August 1, 2011 - 7:01am | 246Windstream Corp. (Nasdaq: WIN) has entered into a definitive agreement to acquire PAETEC Holding Corp. (Nasdaq: PAET), based in Fairport, N.Y., in a transaction valued at approximately $2.3 billion. "This transaction significantly advances our strategy to drive top-line revenue growth by expanding...
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CenturyLink Earnings Preview: Analysts Expect Rising Revenue
Friday, July 29, 2011 - 3:21pm | 559CenturyLink (NYSE: CTL) releases its next round of earnings this Wednesday, August 3, 2011. Here's Benzinga's advanced look at CenturyLink's second quarter earnings report. Earnings and Revenue: Based on estimates, investors are readying for a positive EPS reading of 66 cents per share and...
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Globalstar Announces Retirement of CEO Peter Dalton; Jay Monroe Resumes Role as CEO
Friday, July 29, 2011 - 6:41am | 93Globalstar, Inc. (Nasdaq: GSAT) today announced that after the successful implementation of the strategic initiatives he introduced during his tenure, the Company has accepted Chief Executive Officer Peter Dalton's request to retire. Executive Chairman and former Globalstar CEO Jay Monroe will...
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Level 3 Completes Offering of Additional $600M Aggregate Principal Amount of Senior Notes
Thursday, July 28, 2011 - 3:33pm | 131Level 3 Communications, Inc. (NASDAQ: LVLT) today announced that Level 3 Escrow, Inc., its indirect, wholly owned subsidiary, has completed its previously announced offering of an additional $600 million aggregate principal amount of its 8.125% Senior Notes due 2019 in a private offering to "...
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PAETEC Awarded Federal Government GSA Local Services Acquisition Contract
Tuesday, July 26, 2011 - 8:30am | 154PAETEC Holding Corp. (NASDAQ: PAET) and its subsidiaries announced today that the General Services Administration of the U.S. Federal Government has awarded it a contract for a period of five years to provide voice, Internet and data services. The contract, called RLTC (Regional and Local Telephony...
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Are You Putting Yourself First?
Sunday, July 24, 2011 - 7:15am | 2244Woke up early this morning. Absolutely beautiful, crisp, sunny day here in Montreal. The excessive heat dissipated and I took advantage to head over to my favorite cafe on Bernard for breakfast, read the paper and just relax and enjoy this awesome weather. I also read my horoscope on my Blackberry...
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Towerstream Corporation Announces Closing of Underwritten Offering of Common Stock
Wednesday, July 20, 2011 - 4:22pm | 101Towerstream (Nasdaq: TWER) announced today the completion of its previously announced underwritten offering of 10,350,000 shares of its common stock, which includes 1,350,000 additional shares of its common stock pursuant to the full exercise of the over-allotment option, at a public offering price...
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Wednesday's Put/Call Ratio Leaders
Wednesday, July 20, 2011 - 11:55am | 77Here are today's Put/Call Ratio leaders… 1. Vonage Holdings (NYSE: VG) 10,000 puts, 36 calls 2. Virgin Media (NASDAQ: VMED) 2,962 puts, 33 calls 3. Carnival Corp. (NYSE: CCL) 3,297 puts, 132 calls 4. Biosante Pharmaceuticals (NASDAQ: BPAX) 2,761 puts, 170 calls 5. FTI Consulting (NYSE: FCN) 4,319...
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Biggest Losers as of 11am
Wednesday, July 20, 2011 - 9:58am | 137Riverbed Tech (NASDAQ: RVBD) is trading over 22% lower after the company's revenue missed estimates. Fortinet (NASDAQ: FTNT) is trading over 21% lower after releasing earnings. Lufkin Industries (NASDAQ: LUFK) is trading over 20% lower after reducing 2011 output forecast. Hanesbrands (NYSE: HBI...