Level 3 Heads to NYSE

Level 3s Jeff Storey, president and COO, and Sunit Patel, EVP and CFO, rang the opening bell at the NYSE Thursday.

FairPoint Says Goodbye to Bankruptcy

The reorganization plan wiped out the company’s old common stock, and left FairPoints lenders, some unsecured creditors and certain employees and directors with shares in the company.

Mitel IPO Nets $147M, Falls Short of Projections

Mitel Networks Corp. (MITL) made $147.4 million from its initial public offering last week, the company said on Tuesday. Mitel, which makes communications networking equipment, priced its IPO lower than analysts and investors had expected, at $14 rather than $18-$20. The $147.4 million, then, falls far short of the hoped-for $180 million. Mitel plans to use […]

Vodafone Dropping NYSE for Nasdaq Listing

Vodafone Group Plc (VOD), facing tougher competition from the pending merger of Orange and T-Mobile in the UK, is moving to the Nasdaq trading index to cut costs. The service provider expects to save about $400,000 per year in listing fees, a spokesman told Bloomberg. Vodafone, the world’s largest wireless operator, has been trading its American […]

Sun Stock Price Tumbles After IBM Talks Collapse

Sun Microsystems’ stock was down 25 percent in afternoon trading Monday after reports broke that the potential tie-up between IBM and Sun Microsystems is a no-go. Talks between the two computing bigwigs collapsed over the weekend. IBM had put a $7 billion takeover bid on the table. IBM’s stock didn’t fare as badly, dipping less […]

deltathree Kicked Off Nasdaq

Nearly a month after reporting a $5.2 million quarterly loss, deltathree Inc. said its being delisted from the Nasdaq. deltathree stock should move to the OTC Bulletin Board on March 28 but that has not been confirmed, the company said on Tuesday. deltathree is a wholesale VoIP provider whose stock over the past year has […]

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