Quartz
Quartz (qz.com) is a global digital-only business news publication. It is owned by Atlantic Media Co., the publisher of The Atlantic, National Journal, and Government Executive. Its team of 150 staff members was pulled together from prominent brands in business journalism: Bloomberg, The Wall Street Journal, The Economist, and The New York Times." The four initial sponsors of Quartz were Boeing, Chevron, Cadillac, and Credit Suisse. Quartz's core market is global business people, with its focus on international markets. Its news articles cover global economy news, ranging from geo-political conflicts to policies and regulations.
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Mario Anzuoni (Reuters)
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AT&T stock closed at its lowest price in 30 years on July 17 following a series of downgrades in the aftermath of a Wall Street Journal investigation into toxic lead cables.
Shares of US telecommunications giants like AT&T have been falling since the July 9 report revealed that abandoned lead-sheathed cables that have been contaminating soil and water sources in the US. Analysts have been raising red flags about telco stocks, anticipating legal and reputational damage from the WSJ report to grow and persist. “We are uncertain if remediation measures could be required by environmental regulators and whether health concerns could cause sizable litigation liabilities,” Edward Jones analyst David Heger, who downgraded the Verizon stock from “buy” to “hold” wrote yesterday (July 17).