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Stock Market & Financial Investment News

News Breaks
January 27, 2014
10:00 EDTPVG, DISH, TMHC, APTS, GCAP, ERJ, CVC, SSW, MHK, CLW, OWW, DTV, RAS, LAYN, AMCOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AMC Entertainment (AMC) initiated with an Outperform at Credit Suisse... Clearwater Paper (CLW) initiated with an Outperform at RBC Capital... GAIN Capital (GCAP) initiated with a Buy at Jefferies... Layne Christensen (LAYN) initiated with a Hold at Jefferies... Mohawk (MHK) initiated with a Strong Buy at ISI Group... Preferred Apartment (APTS) initiated with an Outperform at Oppenheimer... RAIT Financial (RAS) initiated with a Buy at Deutsche Bank... Seaspan (SSW) initiated with a Neutral at Citigroup... Standard Pacific (SPF) initiated with a Neutral at ISI Group... Taylor Morrison (TMHC) initiated with a Neutral at ISI Groups... DirecTV (DTV) initiated with a Buy at Buckingham... Cablevision (CVC) initiated with a Neutral at Buckingham... DISH (DISH) initiated with a Neutral at Buckingham... Orbitz (OWW) initiated with a Market Perform at Cowen... Pretium Resources (PVG) initiated with a Buy at H.C. Wainwright... Embraer (ERJ) initiated with an Underperform at Credit Suisse.
News For AMC;CLW;GCAP;LAYN;MHK;APTS;RAS;SSW;TMHC;DTV;CVC;DISH;OWW;ERJ;PVG From The Last 14 Days
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August 26, 2015
18:47 EDTDISHDISH, Sinclair Broadcast reach agreement, form basis for long-term deal
DISH Network (DISH) announced that it and Sinclair Broadcast Group (SBGI) have reached an agreement in principle "that will form the basis of a long-term retransmission consent agreement" for carriage of Sinclair's local channels in 79 markets nationwide. Restoration of Sinclair signals to DISH's system is underway. "We are grateful for the FCC's work on behalf of consumers to actively broker a productive path forward," said DISH, adding that it is asking the Federal Communications Commission to stay action on DISH's verified amended and restated retransmission complaint and request for preliminary injunctive relief as the long-term agreement is being finalized. Terms of the agreement were not disclosed.
18:24 EDTDISHSinclair Broadcast, DISH reach retransmission consent pact in principal
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12:44 EDTDISHFCC Chairman Wheeler says to convene emergency meeting with DISH, Sinclair
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06:22 EDTCVCGoogle fear Verizon, T-Mobile cell signs could crowd WiFi channels, WSJ says
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05:30 EDTDISHDISH renews formal complaint with FCC against Sinclair Broadcast
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05:17 EDTDISHDISH says Sinclair Broadcast chooses to initiate channel blackout
Despite reaching an agreement on rates and all other terms for the carriage of the Sinclair local stations, DISH (DISH) said that this afternoon Sinclair Broadcast Group (SBGI) chose to begin the largest local channel blackout in the history of television, blocking DISH customers' access to 129 local channels in 79 markets across 36 states and the District of Columbia, and intentionally harming and exploiting millions of innocent consumers to gain negotiating leverage for carriage of an unrelated cable channel that it hopes to acquire but does not own today. Warren Schlichting, DISH senior vice president of programming, said, "Sinclair rejected our extension offer and has chosen to use innocent consumers as pawns to gain leverage for the economic benefit of Sinclair, while causing substantial harm and disruption to the lives of consumers." DISH and Sinclair had been making steady progress in their recent negotiations, and DISH was hopeful that they would come to a mutual agreement to renew carriage of the Sinclair local stations. In that spirit, DISH offered another short-term contract extension to Sinclair that would include a retroactive "true-up" when new rates were agreed upon, and would preserve the ability of DISH customers to access the Sinclair local stations while our negotiations continued. The "true-up" would ensure that Sinclair was made whole at the new rates for the period of any contract extension. Rather than accept DISH's good faith offer, Sinclair Broadcast Group chose to begin the largest local channel blackout in the history of television, blocking DISH customers' access to 129 local channels in 79 markets, and intentionally harming and exploiting millions of innocent consumers to gain negotiating leverage for carriage of an unrelated cable channel that it hopes to acquire but does not own today.
August 25, 2015
11:23 EDTOWWAnalyst says Priceline undervalued, looks poised to outperform
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10:01 EDTCVCCablevision, 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.
August 19, 2015
10:35 EDTMHKMohawk management to meet with SunTrust
Meetings to be held in New York August 26-27 hosted by SunTrust.
10:20 EDTDISHBig telecom firms put M&A on hold, CTFN reports
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05:35 EDTPVGPretium Resources reports results from drill program in Valley of the Kings
Pretium Resources reports a third set of results from an underground infill drill program in the Brucejack Project's Valley of the Kings. Stope definition drilling is now underway from two underground drill bays, the 1320 drill bay and the 1310 drill bay. Results continue to confirm the style and grade distribution of the gold mineralization in the area currently being tested, which includes the intersection of high grade and visible gold. Selected drill highlights include: Hole VU-459 intersected 154.13 grams of gold per tonne uncut over 14.60 meters, including 4,470 grams of gold per tonne uncut over 0.50 meters; Hole VU-463 intersected 29.94 grams of gold per tonne uncut over 29.50 meters, including 1,690 grams of gold per tonne uncut over 0.50 meters. Hole VU-445 intersected 81.08 grams of gold per tonne uncut over 6.76 meters, including 1,080 grams of gold per tonne uncut over 0.50 meters; Hole VU-445 also intersected 48.36 grams of gold per tonne uncut over 12.00 meters, including 1,090 grams of gold per tonne uncut over 0.50 meters; Hole VU-455 intersected 47.06 grams of gold per tonne uncut over 14.00 meters, including 1,300 grams of gold per tonne uncut over 0.50 meters.
August 18, 2015
10:17 EDTDISHDisney downgraded as Wells moves away from content providers
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07:13 EDTLAYNLayne Christensen closed sale of Geoconstruction business segment for $43M
Layne Christensen announced the closing of the previously announced sale of its Geoconstruction business segment to a subsidiary of Keller Foundations, a member of Keller Group, for a total of $43M, including the preliminary value of the business segment's working capital which is subject to a post-closing reconciliation. Approximately $6.0M of the purchase price will remain in escrow or will be paid at a later date upon the satisfaction of certain conditions.
06:11 EDTDISHFCC: Dish can't apply $3.3B in credits in airwaves auction, AP reports
The FCC said that Dish Network may not apply $3.3B in small-business credits towards buying airwaves it acquired in a government auction, the Associated Press reports. Reference Link
August 17, 2015
20:09 EDTCVCCable companies test virtual reality offerings, Variety says
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08:15 EDTSSWSeaspan accepts delivery of fifth 14000 TEU SAVER containership
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07:52 EDTAPTSPreferred Apartment management to meet with Oppenheimer
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August 16, 2015
14:24 EDTDISHDISH, Sinclair reach short term contract extension, ask for stay on FCC action
DISH Network (DISH) and Sinclair Broadcast Group (SBGI) announced they have agreed to a short term contract extension as they continue to negotiate a new retransmission agreement. The current agreement was set to expire Saturday night. "The extension preserves DISH customer access to 153 local channels in 79 markets nationwide," said DISH. DISH is asking the Federal Communications Commission to stay action on its verified retransmission complaint and request for preliminary injunctive relief as the two parties continue to negotiate.
14:19 EDTDISHDISH files FCC complaint against Sinclair ahead of potential channel blackout
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