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Morgan Stanley Reports Strong FCF Outlook On CenturyLink
Thursday, August 4, 2011 - 6:32am | 72According to Morgan Stanley, CenturyLink (NYSE: CTL) has a strong FCF outlook. Morgan Stanley said that yesterday's sell-off was an overreaction to an EPS reset mostly on non-cash items. “FCF guidance calls for 50% dividend payout with room for additional uses of cash other than debt repayment....
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Citigroup Lowers PT on Frontier Communications To $7.50
Thursday, August 4, 2011 - 6:05am | 26Citigroup has lowered the price target on Frontier Communications (NYSE: FTR) from $8 to $7.50 and maintains its Hold rating.
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Oppenheimer Reiterates Perform on General Communications
Thursday, August 4, 2011 - 5:46am | 47Oppenheimer reiterated its Perform rating on General Communications (NASDAQ: GNCMA). At the moment, the rating agency does not have a price target placed on the company's stock. On Wednesday, GNCMA added 2.29% to its value to finish the day at $11.63.
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Bank of America Reiterates Underperform and PT of $7 on Frontier Communications
Thursday, August 4, 2011 - 5:30am | 60Bank of America reiterated its Underperform rating on Frontier Communications (NYSE: FTR). At the same time, the rating agency left its price target on the company's stock unchanged at $7. On Wednesday, FTR lost 2.44% of its value to finish the day at $7.19. Its shares rebounded in today's pre-...
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Mad Money Lightning Round: Cramer Likes Johnson Controls
Thursday, August 4, 2011 - 2:19am | 229On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Marathon Oil (NYSE: MRO) recently reported “disappointing earnings results. I'd like Carrizo Oil & Gas (NASDAQ: CRZO) over Marathon." He said that Apache (NYSE: APA) is “great, it's got a great growth profile. Keep in mind,...
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Nexus S Trends Big on Free Deal; Best Buy, Not so Much
Wednesday, August 3, 2011 - 12:59pm | 233The Nexus S has shot to the top of Google's (NASDAQ: GOOG) hot searches list, most likely on the news that the phone is being given away for free at Best Buy (NYSE: BBY). There is a catch, however. You can't simply head to your nearest Best Buy, pick up the phone and go home. To get in on this...
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Options Brief: Frontier Communications
Wednesday, August 3, 2011 - 9:57am | 71Shares of Frontier Communications (NYSE: FTR) are lower on the session by 7.67%, trading at $6.80. Overall call volume is now running at 3.04x the daily average, with 72% of all calls traded being purchases on the offer. 2,929 contracts have traded on the session so far. Frontier Communications...
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Jefferies Downgrades VMED To Hold
Wednesday, August 3, 2011 - 7:58am | 118Jefferies, citing foreseen risks, is downgrading its rating on Virgin Media (NASDAQ: VMED) from Buy to Hold and is lowering its price target on the stock from $33.50 to $30. Says Jefferies, in its report, “Results last week reinforced the recent theme of VMED operating trends coming under pressure...
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Bank of America Previews 2Q Earnings at Cinncinnati Bell
Wednesday, August 3, 2011 - 5:55am | 142Bank of America published a report today on Cinncinnati Bell Inc (NYSE: CBB) previewing an upcoming conference call on the quarter. In the report, Bank of America wrote, "Data center expansion plans. CBB expects to add 55k ft to its CyrusOne facilities and 10k ft of capacity to its OH-based...
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US Stock Futures Up; Economic Data, Earnings In Focus
Wednesday, August 3, 2011 - 5:53am | 495US stock futures are higher this morning, as investors are economic data and earnings from major companies. Futures for the Dow Jones Industrial Average surged 50 points to 11,854.00 and S&P 500 index futures rose 6.30 points to 1,253.60. Nasdaq 100 futures gained 9.00 points to 2,297.25. US...
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US Stock Futures Up; Economic Data, Earnings In Focus
Wednesday, August 3, 2011 - 5:40am | 495US stock futures are higher this morning, as investors are economic data and earnings from major companies. Futures for the Dow Jones Industrial Average surged 50 points to 11,854.00 and S&P 500 index futures rose 6.30 points to 1,253.60. Nasdaq 100 futures gained 9.00 points to 2,297.25. US...
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The Case for Google's Acquisition of BlackBerry
Wednesday, August 3, 2011 - 5:20am | 421Research in Motion's (NASDAQ: RIMM) BlackBerry announced a slew of new handsets Wednesday, including the 4G Torch 9810, which is expected to be launched in August. Exclusive to AT&T (NYSE: T) for the time being, all of the models are capable of speeds up to "nearly four times the network speed...
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Earnings Scheduled For August 3
Wednesday, August 3, 2011 - 2:58am | 502Owens Corning Inc (NYSE: OC) is expected to report its Q2 EPS at $0.57 on revenue of $1.38 billion. Time Warner Inc (NYSE: TWX) is estimated to report its Q2 earnings at $0.56 per share on revenue of $6.81 billion. Comcast Corporation (NASDAQ: CMCSA) is projected to report its Q2 EPS at $0.41 on...
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ActiveVideo Awarded $115M in Patent Infringement Victory Over Verizon
Tuesday, August 2, 2011 - 8:01pm | 103ActiveVideo Networks, makers of the CloudTV Platform, today was awarded damages totaling $115 million in the jury trial of the company's patent infringement suit against Verizon Communications (NYSE: VZ). The decision upholds ActiveVideo's rights as the inventor of industry-leading technology in...
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Bank of America Previews 2Q Results for Frontier Communications Corp
Tuesday, August 2, 2011 - 7:44am | 100Bank of America has published a report on Frontier Communications Corp (NYSE: FTR). In the report, Bank of America wrote, "2011 Guidance. We expect Frontier to reiterate guidance for 2011 covering capital expenditure, free cash flow, and cash taxes. Our 2011 FCF estimate (Frontier definition...