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

Red Hat Inc. (RHT) 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), the third largest U.S. wireless carrier, gained more than 6% in extended hours trading. AT&T Inc. (T), 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) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Major League Baseball is talking expansion for the first time in a few decades. Owners stand to make a pretty penny from expansion fees and subsequent television rights. The possibility of a more balanced schedule is also enticing. Strong expansion candidates in the U.S. and Canada are ready... The New York Times is teaming up with Google again to give away Google Cardboard, the virtual reality headsets, but this time only to its "most loyal" digital subscribers. The company said that the digital-only subscribers selected for this distribution were chosen based on the duration of their subscriptions. Oil company Exxon Mobil Corp. on Friday reported a 63 percent fall in profit for the first quarter from last year, while Chevron Corp. reported a loss for the quarter, both on lower revenues. The results were impacted by the fall in crude oil prices and weaker refining margins. However, Exxon Mobil's earnings beat analysts' estimates, while Chevron's loss was wider than their expectations.
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