Lumen Technologies (NYSE: LUMN) has announced the sale of its mass-market fiber business to AT&T for $5.75 billion, marking a significant shift in its strategy. This transaction follows Lumen’s partnership with Microsoft to enhance connectivity among its data centers and agreements to provide similar services to Amazon and Meta Platforms, indicating a pivot towards business services rather than consumer markets. Investors are left to ponder whether this deal will positively impact Lumen’s stock performance in the long term.
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Why Estée Lauder Stock Tipped Higher on Thursday
Estée Lauder Companies (NYSE: EL) experienced a stock increase of over 3% on Thursday, outpacing the S&P 500's 0.3% rise, following the announcement of a new executive hire. The company appointed Lisa Sequino as president of its makeup brand cluster; Sequino brings a wealth of experience from her previous roles as CEO and board member at Supergoop! and JLo Beauty & Lifestyle. This strategic move highlights Estée Lauder's commitment to strengthening its leadership in the...
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