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After-market Movers For Dec. 19 (RHT, S, CHTR)

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Red Hat Inc. (RHT: Quote) shares tumbled more than 10% in after hours trading after the world's largest seller of Linux software reported third quarter revenue that beat analysts' estimate by a small margin.

Shares of Sprint Nextel Corp. (S: Quote), the third largest U.S. wireless carrier, gained more than 6% in extended hours trading. AT&T Inc. (T: Quote), the second largest U.S. Wireless carrier, said it has abandoned its $39 billion takeover bid for T-Mobile USA amid stiff opposition from U.S. regulators. AT&T shares fell 0.4% in after hours trading.

Charter Communications, Inc. (CHTR: Quote) shares rose more than 3% in after hours after the fourth largest U.S. cable operator said that its Board of Directors has concluded its previously announced CEO search process and appointed cable industry veteran Thomas Rutledge as President and Chief Executive Officer. Rutledge joins Charter immediately and will become the President and Chief Executive Officer effective February 13.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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With trading resuming following the long, holiday weekend, stocks showed a lack of direction throughout the trading session on Tuesday before ending the day mixed. The markets largely held on to the bulk of their recent gains. The Islamic State (IS), a Sunni extremist group previously known as Islamic State of Iraq and the Levant (ISIL), has released a video purporting to show the beheading of US journalist Steven Sotloff, media reports said Tuesday. According to reports, the video also showed a masked man threatening to execute a British man named David Haines. He also warned governments to stay away "this evil allian Less than a month after resigning from Congress, former House Majority Leader Eric Cantor, R-Virg., has made the move from Washington to Wall Street by joining boutique investment bank Moelis & Co. A statement from Moelis said Cantor will serve as Vice Chairman and Managing Director and also be elected to the company's Board of Directors.
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