(Source: Business Wire)
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Qwest Communications International Inc. (NYSE: Q), $3.61, +$0.16,
4.64%, has shown really high volume today with over 81.9 million
shares traded and a $0.16 increase to $3.61. Qwest
Communications is a provider of data, Internet, video and voice
services nationwide and on a global scale. The company released today
its third
quarter earnings and reported its net operating revenue of $3.1
billion, which is slightly less from the previous quarter and a 9.6%
decline from the same quarter last year. Edward A. Mueller, the
company's chairman and CEO, stated that "We are optimistic about our
prospects as the economy begins to improve in the quarters ahead."
West Timmins Mining Inc. (TSX: WTM), $2.26, +$0.03, 1.35%, over
7.5 million shares of WTM have traded hands today, which is a steep
movement from yesterday's close of 87,500. The heavy traffic could be
contributed to the announcement by the mining company, where the
recently completed drilling confirmed gold presence in numerous of the
structures drilled along the North
Zone gold trend. The North Zone trend is located on the Thorne
Property which is part of the West Timmins Gold Project. The recent
findings include, among others, intercepts of 7.67 g/t of gold over 4.50
meters, 17.55 g/t gold over 1.50 meters, and 12.64 g/t gold over 0.60
metres. A chart outlining the complete findings is available on the company's
website.
American International Group Inc. (NYSE: AIG), $35.14, +$1.13, 3.32%,
currently trading at a volume of 21.6 million has made a gain of over a
dollar to $35.14. AIG received one of the largest tax bailouts in U.S.
history last fall, and back in 2005 Maurice
Greenberg, former chairman and CEO of AIG, was let go during an
accounting scandal that shook the insurance giant. Latest developments
reveal that Greenberg is setting up shop once again and building his
second U.S insurance empire with the help of none other but former AIG
executives.
