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Stock Market & Financial Investment News

News Breaks
February 7, 2013
09:50 EDTWPO, WPO, CBS, CBS, DDD, DDD, AA, AA, MAN, MAN, GE, GE, NYT, NYTThe Atlantic to host a conference
Manufacturing's Next Chapter is being held in Washington, D.C. on February 7 with webcasted presentations to begin at 9:50 am. Webcast Link
News For AA;MAN;GE;NYT;WPO;CBS;DDD From The Last 14 Days
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September 1, 2015
08:01 EDTGEGeneral Electric names Beth Comstock as vice chair
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August 31, 2015
17:35 EDTGEGeneral Electric completes sale of U.S. fleet services to Element Financial
GE announced that it has completed the previously announced sale of its U.S. fleet services business, representing aggregate ending net investment of approximately $4.4B, to Element Financial in a transaction valued at approximately $5B. Separately, the previously announced sale of GE's Mexican, Australian and New Zealand fleet businesses to Element is expected to close at the end of the third quarter, and the sale of GE's European fleet businesses to Arval, a fully-owned subsidiary of BNP Paribas, is expected to close in the fourth quarter. The U.S. fleet services transaction releases approximately $0.6B of capital. GE Capital believes it is on track to deliver about $35B of dividends to GE under this plan, as previously announced.
16:08 EDTCBSBarrington to hold a conference
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06:10 EDTAAAlcoa implied volatility of 56 at upper end of index
August 30, 2015
12:33 EDTGEDividend-rich blue chips look attractive amid market volatility, Barron's says
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August 28, 2015
12:31 EDTGEGE drops Dallas for headquarters move on Ex-Im opposition, Bloomberg reports
General Electric has dropped the Dallas area as a possible relocation site for its headquarters due to concerns over Texas' political climate, Bloomberg reports, citing people familiar with the matter. GE is worried about Texas lawmakers' opposition to the U.S. Export-Import Bank, a source of financing some overseas sales, the report says. Reference Link
10:20 EDTAAAlcoa rallies with Freeport-McMoRan, materials sector
Shares are up over 5% to $9.33 at time of writing, putting it above downtrend resistance at the 10-day moving average. At that price next resistance is at $9.51. Support is at $9.19.
06:21 EDTGEWells Fargo front-runner to purchase GE's railcar unit, Bloomberg reports
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August 27, 2015
13:41 EDTGEGeneral Electric volatility elevated on wide price movement
General Electric current 30-day call option implied volatility is at 23, compared to a one-month ago level of 16, suggesting large price movement.
10:01 EDTCBSCBS and TEGNA renew affiliation agreement
CBS (CBS) and TEGNA (TGNA) have announced a comprehensive deal that renews station affiliation agreements for 10 TEGNA Media markets nationwide. The markets renewed cover over nine percent of the U.S. and serve more than 10 million households. The new deal also includes TEGNA's participation in CBS All Access, the company's digital subscription, video on demand and Nielsen-measured live streaming service. The addition of all TEGNA CBS-affiliated stations will expand the live linear feed coverage of CBS All Access to 85 percent of U.S. households by year-end. The agreement includes renewals for TEGNA-owned CBS affiliates: WUSA in Washington, D.C.; WTSP in Tampa, FL.; WFMY in Greensboro, NC; KTHV in Little Rock, AR; WLTX in Columbia, SC; WMAZ in Macon, GA; KREM in Spokane, WA; KHOU in Houston, TX; KENS in San Antonio, TX; and WWL in New Orleans, LA.
August 26, 2015
17:52 EDTGEGE, PTC participate in $82M funding round for ServiceMax
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10:24 EDTAACentury Aluminum to curtail Hawesville operations due to weak prices
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09:33 EDTGEActive equity options trading on open
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August 25, 2015
10:57 EDTCBSHilliard Lyons upgrades Disney after recent pullback
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10:01 EDTCBSCablevision, CBS reach new comprehensive content carriage agreement
Cablevision Systems Corporation (CVC) and CBS Corporation (CBS) announced a broad-based multi-year content carriage agreement. The new deal covers retransmission consent for CBS-owned stations, and the continued carriage of SHOWTIME(R), CBS Sports Network and Smithsonian Channel. Financial terms were not disclosed. As part of the new agreement, Cablevision is the first cable or satellite provider to announce plans to distribute CBS All Access and SHOWTIME Internet services to its Optimum Online customers. Pricing plans, timing and other particulars will be provided at a later time.
09:35 EDTGEActive equity options trading on open
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06:28 EDTGEGE eyes compensation for Polish forex loan conversion, Reuters says
General Electric is eyeing compensation for losses incurred by its Polish unit Bank BPH due to the planned conversion of Swiss-franc denominated mortgages into zlotys, Reuters reports, citing a letter sent from GE Capital CEO Keith Sherin to Polish authorities. According to the letter, GE saw further possible damage to BPH, following a 10% decline in BPH shares on the day the bill on the conversion was preemptively passed by the lower house of parliament. Reference Link
August 24, 2015
19:30 EDTGEGeneral Electric to eliminate Lufkin oil 262 jobs in TX, Reuters says
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August 21, 2015
17:02 EDTGEGeneral Electric completes sale of U.S. Sponsor Finance Business to CPPIB
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08:53 EDTCBSAfter rough week, Disney shares expected to recover
With fears of cord cutting and declining advertising rates consuming the minds of investors and analysts this week, Disney (DIS) shares have dropped 7% over the past five trading days. Stepping out of the growing pack of bearish analysts is FBR Capital's Barton Crockett. ROUGH WEEK: On Tuesday, Wells Fargo analyst Marci Ryvicker downgraded her rating on Disney (DIS), CBS (CBS), 21st Century Fox (FOXA) to Market Perform from Outperform. None of the large media companies reported that their revenue from cable stations or broadcast networks increased in the most recent quarter, Ryvicker told investors. TV distributors have more favorable characteristics than the media companies, she argued. Then on Thursday, Bernstein analyst Todd Juenger downgraded Disney (DIS), along with Time Warner (TWX), to Market Perform from Outperform. The move by viewers away from ad-supported platforms to non-ad-supported services like Netflix (NFLX) will bring a "prolonged structural decline" to the U.S. television industry, Juenger contended. PATH TO RECOVERY: Sentiment is driving Disney and the media stocks lower, FBR Capital's Barton Crockett tells investors this morning in a research note titled "Performance Is the Best Defense: How Disney, Near Term, Can Separate from Peers." Cord cutting and advertising fears are taking down the valuation multiples in the media sector, but consensus earnings estimates are little changed, the analyst writes. Cord cutting is the term used to describe the dropping of cable or satellite TV in favor of an online streaming service. Crockett sees a number of "performance positives near term" that can help shares of Disney recover. The owner of ESPN can separate itself from peers with solid second half of 2015 advertising trends when football returns, he believes. Disney can also benefit from the retail push for Star Wars movie merchandise, starting with a midnight door-buster national product launch on September 4, the analyst writes. PETER OUT: Crockett expects cord-cutting fears to "peter out." Cable bundles broadband with TV, and most households have a sports fan, he points out. While Netflix takes audiences from non-sports content, sports will save the bundle subscription model that benefits Disney's ESPN unit, Crockett thinks. He has an Outperform rating on Disney with a $124 price target. The stock closed yesterday down $6.44, or 6%, to $100.01. Over the past three months, Disney is down over 9%.
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