On Wednesday, Shares of CenturyLink, Inc. (NYSE:CTL), lost -2.76% to $34.53, hitting its lowest level.
CenturyLink, has committed to bring 1 Gbps speeds to about 100,000 residential customers in the next 12 months in a number of locations ranging from Logan to St. George, providing customers with some of the fastest upload and download Internet speeds in the U.S.
CenturyLink’s February 2014 launch of 1 Gbps service to 2,500 Salt Lake City businesses in multi-tenant buildings has now grown to more than 11,500 business locations throughout the state, counting the Wasatch Front. In addition, CenturyLink recently declared that its gigabit service is assisting the Utah Education and Telehealth Network (UETN) create a network capable of carrying more than a full terabit of combined bandwidth across 1,412 schools and educational locations across the state, making Utah one of the most connected education systems and connected states in the nation.
CenturyLink, Inc. provides various communications services to residential, business, governmental, and wholesale customers in the United States. It operates through two segments, Business and Consumer.
Shares of American Airlines Group Inc. (NASDAQ:AAL), gained 0.09% to $47.04, during its last trading session.
American Airlines Group, declared the appointment of two Air Operations officers to its leadership team.
Kimball Stone – Vice President, Flight
Kimball Stone has been named Vice President – Flight where he will lead the airline’s team of more than 15,000 professional aviators. Stone most recently served as Vice President – Integrated Operations Control. During his 26 years at American, Stone has held numerous roles within the Flight, Maintenance and Dispatch organizations. He holds flight ratings on the F100, DC10, MD80, A300 and Boeing 727, 737, 757 and 767 aircraft types and is presently type rated on the Boeing 777.
Preceding to joining American Airlines, he served in the U.S. Army with assignments to the United States Special Operations Command, United States Central Command in addition to the 1st Armored Division.
Captain Stone assumes this new position from Captain John Hale, who declared earlier this spring his plans to go back to flying full time for American.
American Airlines Group Inc., through its auxiliaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, in addition to 566 regional aircrafts through regional airline auxiliaries and third-party regional carriers.
At the end of Wednesday’s trade, Shares of Broadcom Corp. (NASDAQ:BRCM), gained 1.34% to $45.50.
Broadcom Corporation, declared a new family of 5G WiFi Wave 2 solutions for enterprise wireless access points (APs). The expanded portfolio delivers the quality, reliability and capacity required for all segments of the enterprise and cloud WLAN markets counting campus, education, hospitality, healthcare and public venues.
Broadcom’s expanded portfolio comprises the BCM43465 (4×4 11ac MU-MIMO) and BCM43525 (3×3 11ac MU-MIMO) for high-performance access points. With the BCM43465, Broadcom becomes the only vendor able to support 2.2Gbps and four concurrent MU-MIMO (multi-user, multiple input, multiple output) devices, enabling the highest density of client support for the enterprise market. MU-MIMO combined with 160MHz enables devices to fully utilize accessible bandwidth to deliver more than 2x the performance.
The new chips are further improved by NitroQAM technology, Broadcom’s 1024-QAM modulation scheme, which gives up to a 25 percent throughput boost over 802.11ac’s 256-QAM. In addition, by using a powerful Digital Signal Processing (DSP) based architecture, Broadcom is the first silicon vendor able to perform advanced spectrum capture, analysis and classification right on the chip without impacting performance. Broadcom’s Advanced Spectrum Capture Engine (AsCE) allows the chip to identify non-Wi-Fi interference and adjust accordingly, delivering improved reliability and quality.
Broadcom Corporation provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. The company operates in two segments: Broadband and Connectivity, and Infrastructure and Networking.
Finally, Genworth Financial, Inc. (NYSE:GNW), ended its last trade with -3.59% loss, and closed at $8.33.
A.M. Best has placed the financial strength rating of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of the key life/health auxiliaries of Genworth Financial, under review with developing implications. Additionally, the ICR of “bbb-” of Genworth and its existing debt ratings have been placed under review with developing implications.
The actions follow Genworth’s statements during its first quarter 2015 earnings conference call that it is assessing market interest and considering the merits of selling its life and annuity businesses. The under review status reflects the ambiguity surrounding the structure and components of a potential sale. Additionally, A.M. Best’s view of a divestiture of businesses that provide both stable earnings and diversification to the enterprise would likely be a credit negative. Moreover, if a transaction is consummated, the impact of proceeds would need to be considered.
A.M. Best anticipates that Genworth’s ratings will likely remain under review until the completion of the company’s planned review is declared, or if a buyer for the life and/or annuity businesses is identified.
Genworth Financial, Inc. provides insurance, retirement, and homeownership solutions in the United States and internationally. It operates through U.S. Life Insurance, International Mortgage Insurance, U.S. Mortgage Insurance, International Protection, and Runoff segments.
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