While you were sleeping: Caution prevails

Tue, 29 Jul 2014

By Margreet Dietz July 30 (BusinessDesk) - Wall Street was flat in cautious trading, with sentiment bolstered by corporate earnings including from Merck and news that Windstream can spin off its telecommunications assets into a tax-lowering real estate investment trust. Shares of Windstream soared, last up 11.6 percent, after the company announced its tax-free spinoff plans. Shares of rivals AT&T and Verizon also advanced, last up 2.8 percent and 1.6 percent respectively, amid expectations they can benefit from the same. “The REIT will...

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