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TheStreet highlights 3 stocks pushing the telecommunications industry lower today.
Stocks come back from session lows by mid-afternoon Monday afternoon even as crude oil settles below $44.
Shares of Ericsson moved higher Monday after the company announced that the CEO has stepped down.
Shares in Italian bank Monte dei Paschi dropped 8% in Milan, prompting a temporary halt to trading
Stocks extend losses on Monday morning as crude oil crumbles on demand concerns.
Stock futures waver Monday morning following Verizon's announcement that it was buying Yahoo!
Ericsson (ERIC) CEO Hans Vestberg has stepped down from his position following intense shareholder pressure.
Verizon won the competitive bidding process for Yahoo and will pay the company $4.8 billion for its internet properties.
Verizon strikes a $4.8 billion deal to acquire Yahoo!'s core operations, while Tesla and SolarCity are closer to a merger agreement.
The Dax is volatile after a string of attacks over the weekend.
The move follows another round of disappointing quarterly results and pressure from leading shareholders.
Canaccord lowered its price target on Ericsson (ERIC) stock to $7 from $8.50 on Wednesday.
Trade-Ideas LLC identified LM Ericsson Telephone (ERIC) as a "dead cat bounce" (down big yesterday but up big today) candidate
Capital spending by mobile carriers remains soft, and is unlikely to improve in the near term. Will Ericsson try to buy its way to growth?
Ericsson (ERIC) reported lower-than-expected 2016 second quarter earnings this morning.
Trade-Ideas LLC identified LM Ericsson Telephone (ERIC) as a weak on high relative volume candidate
A closely watched market sentiment indicator points to gloom in Germany and the euro area, while U.K. price growth picks up pace.
The acquisition rumors surrounding the networking equipment companies might not pan out. But there are reasons why they've spread in the first place.
CEO Vestberg faces pressure to step up restructuring measures with disposals.
Google buys an image-recognition startup, Western Digital ups its outlook less than two months after buying SanDisk and Ericsson turns to M&A again to increase its services exposure.
Brexit is taking a toll on the likes of Nokia and SAP, while Netflix is planning a major change and Qualcomm is suing a Chinese smartphone maker.
Ericsson (ERIC) stock is rising on Tuesday morning after Goldman Sachs raised its rating on the company to ‘neutral’ from ‘sell.’
Trade-Ideas LLC identified LM Ericsson Telephone (ERIC) as a pre-market mover with heavy volume candidate
Ericsson (ERIC) stock is rising even though the company confirmed that it is cooperating with an anticorruption investigation in the U.S.
Ericsson (ERIC) stock is surging this afternoon following a report that it could lay off as much as 20% of its workforce.
Shares of Ericcson (ERIC) are at $7.34 before Tuesday's market open as the company plans to layoff thousands of employees by the end of the summer.
Partnership marks a leap forward in VimpelCom's digital leadership, transforming its traditional telco infrastructure into a global digital IT architecture
Shares of Jabil Circuit are declining after GS downgraded the stock to Sell from Neutral, citing what it sees as weakness in the company's key markets and its rising costs.