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Goldman Sachs on CVG's Announcement To Sell Holdings To AT&T
Friday, June 3, 2011 - 5:46am | 203Goldman Sachs has published a research report on Convergys Corporation (NYSE: CVG) after the company's announcement to sell its holdings in Cincinnati SMSA after market close yesterday. In the report, Goldman writes, "After the close (6/2/11), CVG announced that it will sell its holdings in...
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Options Brief: CenturyLink, Inc.
Thursday, June 2, 2011 - 10:37am | 90Shares of CenturyLink, Inc. (NYSE: CTL) are higher on the session by 0.02%, trading at $41.96. Overall put volume is now running at 3.12x the daily average, with 71% of all puts traded being purchases on the offer. 3,538 contracts have traded on the session so far. CenturyLink, Inc., together...
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Options Brief: VimpelCom Ltd.
Thursday, June 2, 2011 - 9:26am | 104Shares of VimpelCom Ltd. (NYSE: VIP) are lower on the session by 0.39%, trading at $13.99. Overall put volume is now running at 56.48x the daily average, with 0% of all puts traded being purchases on the offer. 3,615 contracts have traded on the session so far. VimpelCom Ltd. is a group of...
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Bull & Bear: Verizon Communications
Wednesday, June 1, 2011 - 1:02pm | 283Shares of Verizon Communications (NYSE: VZ) are trading lower on the session by 1.63%, at $36.33. With shares recently falling below the 50-day moving averages, you have to wonder where shares could head next… Bulls: Bulls will note that Verizon Communications has been in an uptrend for the past...
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Top Narrow Based Indexes For June 1
Wednesday, June 1, 2011 - 9:37am | 207By 10:35 am, the Dow Jones Industrial Average was down 124.39 points, or 0.99%, to 12,445.40, while the broader Standard & Poor's 500 index had dropped 12.64 points, or 0.94%. The NASDAQ composite index fell 18.46 points, or 0.65%. Some of the narrow based indexes that are still afloat in the...
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Benzinga's Top Upgrades
Wednesday, June 1, 2011 - 7:22am | 106Goldman Sachs upgraded BlackRock (NYSE: BLK) from “neutral” to “buy.” BLK's shares closed at $205.56 yesterday. BlackRock's trailing-twelve-month operating margin 35.73%. Analysts at Sterne Agee upgraded Concur Technologies Inc (NASDAQ: CNQR) from “neutral” to “buy.” CNQR's shares closed at $49.97...
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PAETEC Announces XETA Acquisition Completion, Oppenheimer Maintains Not Rated On Both
Wednesday, June 1, 2011 - 6:49am | 62According to Oppenheimer, PAETEC (NASDAQ: PAET) has completed its acquisition of XETA Technologies (NASDAQ: XETA). In this morning's report, Oppenheimer writes "Paetec Holding (PAET, $4.46, Not Rated) announced it has completed its acquisition of XETA Technologies (XETA, $5.49, Not Rated). The...
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It's On: Sprint Asks U.S. Government to Block AT&T Purchase of T-Mobile
Wednesday, June 1, 2011 - 5:13am | 284Sprint Nextel (NYSE: S) has requested that the U.S. government block the $39 billion sale of T-Mobile USA to rival AT&T (NYSE: T), noting that it would harm competition. The deadline for initial responses to AT&T's application to purchase T-Mobile was Tuesday, and Sprint wrote strongly to...
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UPDATE: Sprint Formally Requests FCC to Deny AT&T's Takeover of T-Mobile
Tuesday, May 31, 2011 - 2:14pm | 80Sprint (NYSE: S) announced today it has formally requested the Federal Communications Commission to block AT&T's (NYSE: T) proposed $39 billion takeover of T-Mobile USA, noting the Commission's responsibility to protect consumers and the industry against precisely the kind of anti-competitive...
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Stocks Going Ex Dividend the Second Week of June
Monday, May 30, 2011 - 3:33pm | 751Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Benzinga's Political Roundup May 27, 2011
Friday, May 27, 2011 - 11:09am | 71The State of California is going to review the AT&T Inc. (NYSE: T) potential purchase of T-Mobile USA Inc. G8 nations said today that the global economy was becoming more "self-sustained," but higher commodity prices were hindering growth.
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ETF Showdown: China Tech Titans
Friday, May 27, 2011 - 2:27am | 635Before LinkedIn (NYSE: LNKD) and Russia's Yandex (Nasdaq: YNDX) burst onto the scene with recent IPOs, it was China dominating the Internet IPO landscape with a spate of widely anticipated offerings that had investors feeling all Silicon Valley circa 1998 again. Perhaps one reason why investors...
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XETA Technologies Shareholders Approve Acquisition by PAETEC
Thursday, May 26, 2011 - 3:48pm | 96XETA Technologies (Nasdaq: XETA) announced that its shareholders have approved the merger agreement entered into on February 8, 2011 between PAETEC Holding Corp. (PAETEC), Hera Corporation and XETA Technologies, pursuant to which PAETEC, through one of its subsidiaries, will acquire all of the...
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Today in Apple Litigation…
Thursday, May 26, 2011 - 2:15pm | 377You can't make 500 million friends without making a few enemies, right? While it's unclear as to how many friends Apple (NASDAQ: AAPL) has acquired, we do know that it has made at least one enemy in the video conferencing industry: Videophone's patent owner. Apple Insider reports that Visual...
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Dinakar Singh Likes Sprint, Orkla, & Zhongpin
Thursday, May 26, 2011 - 2:02pm | 329Dinakar Singh of TPG-Axon Capital was at the Ira Sohn Conference yesterday, and gave three investment ideas to the hedge fund community yesterday. Singh mentioned Orkla, a Norwegian company. He believes the company, which is one of the best consumer staples company in the region is working to...