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Level 3 Communication Resumes Trading (NASDAQ: LVLT)

Global Crossing Resumes Trading (NASDAQ: GLBC)

Level 3 Communications, Inc. (NASDAQ: LVLT) and Global Crossing Limited (NASDAQ: GLBC) today announced that they have entered into a definitive agreement under which Level 3 will acquire Global Crossing in a tax-free, stock-for-stock transaction. The combined network will serve a worldwide...

Intellifiber Networks, a subsidiary of PAETEC Holding Corp. (NASDAQ: PAET) announced today that it has been awarded a five year contract by National Aeronautics and Space Administration to construct, provision and manage a diverse communications network for NASA's Wallops Island Flight Facility.

Globalstar, Inc. (Nasdaq: GSAT) today announced its operational and financial results for the three-month period ended December 31, 2010. Net Loss $18.M

Citi is out with its report today on PAETEC Corp. (NASDAQ: PAET), maintaining Buy. In a note to clients, Citi writes, "We remain a buyer of Paetec, following the recent weakness in the share price, as we believe its FV/OIBDA multiple (at the lower-end of its peer group range) has room to expand...

tw telecom (Nasdaq: TWTC) today announced that Core NAP has selected it to provide last-mile Ethernet services that will allow the company to greatly expand its reach in Austin.

Level 3 Communications, Inc. (NASDAQ: LVLT) today announced an agreement with INTERNEXA, a leading telecommunications carrier with extensive regional coverage with more than 18,000 kilometers of fiber-optic network across seven countries in South America, to expand Level 3's content delivery...

Towerstream Corporation (NASDAQ: TWER) fell 18.31% to $3.48 at 10:00 am. TWER reported a 35% y/y rise in its Q4 revenue. Intelligent Systems Corporation (AMEX: INS) shares dipped 13.70% to $2.33. INS reported a Q4 net loss from continuing operations at $315,000, versus a net income of $189,000, in...

Cusick's Corner Buyers stepped back in today after a three day slide. Strong economic reports helped boost moods on Wall Street, temporarily putting aside fears over Japan's crisis. Heavy trading in the iShares Japan ETF (EWJ) continued for another day (see ETF Trading). The CBOE Volatility...

Shares of Level 3 Communications (NASDAQ: LVLT) are higher on the session by 1.59%, trading at $1.28. Overall call volume is now running at 2.35x the daily average, with 75% of all calls traded being purchases on the offer. 11,155 contracts have traded on the session so far. Level 3...

Shares of Global Crossing Limited (NASDAQ: GLBC) are lower on the session by 0.28%, trading at $14.08. Overall call volume is now running at 9.61x the daily average, with 49% of all calls traded being purchases on the offer. 1,470 contracts have traded on the session so far. Global Crossing...

Shares of Level 3 Communications (NASDAQ: LVLT) are higher on the session by 1.29%, trading at $1.375. Overall put volume is now running at 2.04x the daily average, with 60% of all puts traded being purchases on the offer. 3,000 contracts have traded on the session so far. Level 3 Communications...

Vonage (NYSE: VG) spiked earlier on rumors of a deal with Facebook. Vonage is trading at $4.65, currently up 3.5% from yesterday's close.

Arbinet Corporation (Nasdaq: ARBX), a leading provider of telecommunications services to fixed and mobile operators, announced today that the company's stockholders have approved and adopted Arbinet's merger agreement with Primus. At a special meeting of Arbinet stockholders held today, Arbinet...