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Monday, September 8, 2014

Market Chatter- Corporate finance press digest, (NYSE: BP), (NYSE: CTL), (NYSE: RAX)

The following corporate finance-related stories were reported by media: * Phone service provider CenturyLink Inc is seeking to acquire Rackspace Hosting Inc in order to expand its cloud-computing services, Bloomberg reported, citing people familiar with the situation.* BP Plc has secured the supply and offtake deal for Canada's Come by Chance refinery in Newfoundland from Australia's Macquarie Bank Ltd following the sale of the plant, a source familiar with the situation said on Friday.

BP p.l.c. (BP) is an integrated oil and gas company. Shares of BP traded higher by 2.32% or $1.04/share to $45.93. In the past year, the shares have traded as low as $41.30 and as high as $53.48. On average, 4984200 shares of BP exchange hands on a given day and today's volume is recorded at 15530968.

CenturyLink, Inc. (CenturyLink) is an integrated communications company. Shares of CTL traded higher by 1.0% or $0.41/share to $41.47. In the past year, the shares have traded as low as $27.93 and as high as $45.67. On average, 4196870 shares of CTL exchange hands on a given day and today's volume is recorded at 3061319.

Rackspace Hosting, Inc., is the open cloud company. Shares of RAX traded higher by 0.08% or $0.03/share to $37.24. In the past year, the shares have traded as low as $26.18 and as high as $54.20. On average, 2740710 shares of RAX exchange hands on a given day and today's volume is recorded at 2677070.



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