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Doug Kass Stopped Out On Apple Trade (AAPL, VZ)
Wednesday, February 16, 2011 - 12:56pm | 78Doug Kass tweeted that he has been stopped out on his Apple (NASDAQ: AAPL) short trade on back of news that Benzinga reported a short time ago. We reported that a Verizon (NYSE: VZ) rep, and they said they were very happy with their iPhone sales.
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Puts Purchased on Frontier Communications Corporation (FTR)
Wednesday, February 16, 2011 - 12:23pm | 119Shares of Frontier Communications Corporation (NYSE: FTR) are lower on the session by 0.53%, currently trading at $9.42. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the...
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Cincinnati Bell Inc. Reports Q4 EPS of $0.03 vs. $0.07
Tuesday, February 15, 2011 - 4:11pm | 151Cincinnati Bell Inc. (NYSE: CBB) today announced financial results for the full year and fourth quarter of 2010. Revenue for the fourth quarter of 2010 was $363 million, a 5 percent increase from the fourth quarter of 2009 and a 3 percent increase sequentially. Operating income for the fourth...
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News Summary
Tuesday, February 15, 2011 - 9:39am | 220Shares of Qwest Communications International Inc (NYSE: Q) fell about 1.7% after the company reported its Q4 results. The company reported its Q4 loss at $161 million, or $0.09 per share, compared with a net income of $108 million, or $0.06 per share, in the year-earlier period. Excluding one-time...
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CenturyLink Reports Q4 EPS of $0.76 vs. $0.77
Tuesday, February 15, 2011 - 8:18am | 69CenturyLink, Inc. (NYSE: CTL) announces operating results for fourth quarter 2010. Operating revenues, excluding nonrecurring items, for fourth quarter 2010 were $1.72 billion compared to $1.84 billion in fourth quarter 2009. Net income, excluding nonrecurring items, was $232.3 million in fourth...
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A Peek Into The Market Before The Trading Starts
Tuesday, February 15, 2011 - 7:37am | 427Pre-open movers US stock futures are mixed this morning, as investors are awaiting economic data on retail sales and manufacturing activity in the New York area. Futures on the Dow Jones Industrial Average rose 3 points to 12,227.00 and S&P 500 futures fell 0.30 point to 1,327.40. Nasdaq 100...
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A Peek Into The Market Before The Trading Starts
Tuesday, February 15, 2011 - 7:32am | 427Pre-open movers US stock futures are mixed this morning, as investors are awaiting economic data on retail sales and manufacturing activity in the New York area. Futures on the Dow Jones Industrial Average rose 3 points to 12,227.00 and S&P 500 futures fell 0.30 point to 1,327.40. Nasdaq 100...
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CenturyLink, Verizon Wireless Announce Agreement
Tuesday, February 15, 2011 - 7:32am | 70CenturyLink, Inc. (NYSE: CTL) and Verizon Wireless (NYSE: VZ) announced they have entered into an agreement under which CenturyLink will be an authorized agent of Verizon Wireless. As such, CenturyLink will offer Verizon Wireless equipment and service plans to its residential and small business...
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Qwest Reports Upbeat Q4 EPS
Tuesday, February 15, 2011 - 7:12am | 58Qwest Communications International Inc (NYSE: Q) reports its Q4 EPS, ex-items, at $0.12, beating the consensus of $0.10. Qwest reports its Q4 revenue at $2.9 billion, versus the consensus of $2.9 billion. Qwest shares fell 0.13% to close at $7.41 yesterday. Read more from Benzinga's Company news.
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US Stock Futures Up As Investors Await Economic Data
Tuesday, February 15, 2011 - 6:15am | 359US stock futures are slightly higher this morning, as investors are awaiting economic data on retail sales and manufacturing activity in the New York area. Futures on the Dow Jones Industrial Average rose 11 points to 12,235 and S&P 500 futures gained 0.80 point to 1,328.50. Nasdaq 100 futures...
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Fast Money Pops & Drops, February 14th (BP, M, TSO, VZ, BWLD)
Monday, February 14, 2011 - 11:07pm | 281CNBC Fast Money's Karen Finerman said, in the segment of the show called Fast Money Pops & Drops, that she likes BP plc (ADR) (NYSE: BP). She has a long position in this stock, and she plans to stay long after today's move higher. BP plc (ADR) (BP) gained 1.94%, and closed at $46.69. Pete...
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AT&T Announces New Managed Security Services and ISO27001 Certification
Monday, February 14, 2011 - 12:56pm | 75At the RSA Conference in San Francisco, AT&T (NYSE: T) today announced it is expanding its managed security services portfolio with AT&T Web Application Firewall Service, new AT&T Network-Based Firewall Service policy controls and new capabilities to AT&T Secure E-Mail Gateway...
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Megaworld Corporation (MEG) Poised For Another 10% Drop
Monday, February 14, 2011 - 10:43am | 7392010 was a marquee year for Andrew Tan's flagship company Megaworld Corporation or MEG in the Philippine Stock Exchange as it was able to book a 69.86%. However, MEG's outlook had started to look a bit bleak around December as it started to form a head and shoulders pattern...
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Oppenheimer Summarizes Verizon iPhone Weekend (VZ, APPL)
Monday, February 14, 2011 - 7:34am | 156Oppenheimer & Co. is out with a note on Verizon (NYSE: VZ) after the Apple (NASDAQ: AAPL) iPhone launched this weekend. In a note to clients, Oppenheimer writes, "In an earnings-heavy week, telecom stocks outperformed the market, gaining 2.3% for the week versus 1.4% for the S&P 500. The...
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Bernstein Downs TEF To Underperform
Monday, February 14, 2011 - 5:41am | 41Analysts at Bernstein downgrade Telefonica SA (NYSE: TEF) from “market perform” to “underperform.” TEF shares dropped 0.64% to close at $24.92 on Friday. More Analyst Ratings here