Parts of western McDowell County are rather remote and don’t have access to many of the essential components of modern telecommunications. However, Frontier Communications Corporation (NASDAQ:FTR) was eager to announce last week that it has made broadband service available to about 300 residential customers in the Panther-Mohawk area. Frontier Communications Corporation (NASDAQ:FTR) in last trading activity fell -1.62% to close at $6.66. Company weekly performance is -1.91% while its quarterly performance stands at 3.90%. Frontier Communications Corporation (NASDAQ:FTR) is -5.38% away from its 52 week high.
A New York judge has rejected the non-monetary settlement of a lawsuit by Verizon Communications Inc.’s (NYSE:VZ) shareholders, and has even rejected a payment of $2 million in attorney fees, calling it a “misuse of corporate assets”. On last trading day Verizon Communications Inc. (NYSE:VZ) fell -0.46% to close at $47.33. Its volatility for the week is 0.88% while volatility for the month is 1.66%. VZ’s sales growth for past 5 years was 4.40% and its EPS growth for past 5 years was 48.40%. Verizon Communications Inc. (NYSE:VZ) monthly performance is -6.44%.
The board of directors of SEI Investments (NASDAQ:SEIC) declared a 9% hike in its regular semi-annual dividend and approved an enhancement in its stock repurchase program. The new dividend of 24 cents, which yields 1.2% based on the Dec 9 closing price, is payable on Jan 6, 2015, to shareholders of record as on Dec 23, 2014. Prior to this, the company last hiked its dividend by 10% to 22 cents in Dec 2013. On last trading day SEI Investments Co. (NASDAQ:SEIC) fell -0.02% to close at $40.48. Its volatility for the week is 1.09% while volatility for the month is 1.65%. SEIC’s sales growth for past 5 years was -2.00% and its EPS growth for past 5 years was 18.20%. SEI Investments Co. (NASDAQ:SEIC) monthly performance is 2.77%.
Analysts at Bank of America raised their price target on shares of Electronic Arts Inc. (NASDAQ:EA) from $40.00 to $47.00 in a research note on Friday, December 12th. They now have a “neutral” rating on the stock. Electronic Arts Inc. (NASDAQ:EA) has 0.40% insider ownership while its institutional ownership stands at 99.60%. In last trading activity company’s stock closed at $47.38.
The price war among Chinese online travel agencies has intensified in the last two years and some main players have lost a lot. The net loss of eLong Inc. (NASDAQ:LONG), the second-largest online travel agency and main rival of Ctrip, stood at 168 million yuan in 2013, largely due to the steep price discounts it offered. That situation has not changed much for the company and its net loss stood at 58.3 million yuan during the third quarter of this year, despite the fall in sales and marketing expenses during the period. On Tuesday shares of eLong Inc. (NASDAQ:LONG) closed at $18.06. Company’s sales growth for last 5 years was 25.30%