CenturyLink fell after a report on a former employee, who claims she was fired after bringing attention to allegedly fraudulent billings.
Two members of CNBC iQ100 hitting all-time highs today. Progressive and Boeing. One other hitting a new 52 week high, Level 3 Communications. the index overall beating the broader market over the past year, up thirty percent. For more go to CNBC.com/iq100.
Johnson and Johnson, Illinois Tool Works, and 3m. Two others hitting new 52 week highs, Citigroup and Level 3 Communications. For more on the index go to CNBC.com/iq100
After speaking at the Sohn Conference, activist investor Keith Meister, Cortex Management, discusses the merger between CenturyLink and Level 3 Communications.
Here is Corvex's Keith Meister next big stock idea from the Sohn Investment Conference.
Goldman Sachs says tech firms with the highest effective tax rates will benefit the most from Trump's corporate tax reform.
CNBC's data partner Kensho looks at the best performing tech stocks in the first quarter since 2010.
JPMorgan upgraded CenturyLink to overweight, citing as catalysts a 9 percent dividend yield and the proposed merger with Level 3.
Warne says the reason is "the expectation that interest rates will go up and that deals will get more expensive in the future."
The last 30 days have seen more than a fifth of year-to-date deal value for announced U.S. M&A, according to S&P Global Market Intelligence.
Telecommunications company CenturyLink said it would buy Level 3 Communications in a cash-and-stock deal with an equity value of about $24 billion to expand its fiber optic network and high-speed data services for business clients.
CenturyLink said on Monday it would buy Level 3 Communications in a cash-and-stock deal valued at about $24 billion, including debt.
Some of the names on the move ahead of the open.
Low rates and better growth prospects are spurring U.S. corporate deals, making the value of such announcements this October the second-largest ever.
Shares of CenturyLink jumped Thursday after a report that it is in advanced talks to merge with Level 3 Communications.
CenturyLink is in advanced talks to merge with Level 3 Communications, CNBC's Seema Mody reports.
Fundstrat's Tom Lee recommends telecom stocks over utilities for the rest of the year.
Using Kensho, a hedge fund analytics tool, we looked at which sectors and stocks performed the best the week after better-than-expected jobs reports.
CNBC Pro ran the numbers and found all the ways to trade the big drop in Chinese stocks for U.S. investors.
These stocks in the S&P 500 have significantly moved away from their trading ranges and may be due for a drop.