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Stock Market & Financial Investment News

News Breaks
April 21, 2014
09:10 EDTDISCA, BCORBlucora announces agreement to acquire HowStuffWorks from Discovery
Blucora (BCOR) and Discovery (DISCA) announced they have entered into a definitive agreement for Blucora to acquire the assets and operations of HowStuffWorks from Discovery. The all-cash transaction is expected to close in 2Q14, subject to customary closing conditions. As part of the transaction, Discovery will retain its key client relationships and partner with Blucora and HowStuffWorks to continue to deliver native advertising solutions. Discovery also will have ongoing access to HowStuffWorks video assets, consistent with Discovery’s strategic shift toward video content. Blucora expects to fund the transaction with cash on hand. Upon completion of the acquisition, HowStuffWorks will join the reporting segment that includes Blucora’s InfoSpace business.
News For BCOR;DISCA From The Last 14 Days
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December 12, 2014
10:01 EDTDISCAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BreitBurn Energy (BBEP) downgraded to Hold from Buy at Wunderlich... CIBC (CM) downgraded to Underperform from Neutral at Credit Suisse... Costco (COST) downgraded to Neutral from Buy at Janney Capital... Discovery (DISCA) downgraded to Sector Perform from Outperform at RBC Capital... Emerald Oil (EOX) downgraded to Neutral from Accumulate at Global Hunter... Goodrich Petroleum (GDP) cut to Underweight on lower oil at JPMorgan... Hain Celestial (HAIN) downgraded to Sector Perform from Outperform at RBC Capital... Hovnanian (HOV) downgraded to Neutral from Buy at Compass Point... Mindray Medical (MR) downgraded to Underweight from Equal Weight at Morgan Stanley... Morgan Stanley (MS) downgraded to Neutral from Buy at Buckingham... Oracle (ORCL) resumed with a Neutral from Overweight at Piper Jaffray... Rackspace (RAX) downgraded to Underperform from Neutral at DA Davidson... Zayo Group (ZAYO) downgraded to Neutral from Buy at BTIG.
06:23 EDTDISCADiscovery downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital downgraded Discovery to Sector Perform based on soft domestic ad trends, decelerating International growth, and lack of catalysts heading into 2015. Price target is $38.
December 11, 2014
09:40 EDTBCORBlucora management to meet with Barrington
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December 9, 2014
15:03 EDTDISCADiscovery Communications rises after CEO sees outperforming U.S. peers
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11:29 EDTDISCADiscovery CEO says international market 'steady, good' for company
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11:27 EDTDISCADiscovery CEO says will buy back more shares in 2015 than 2014
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11:11 EDTDISCADiscovery, Hulu announce new distribution agreement
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07:32 EDTDISCAUBS to hold a conference
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06:48 EDTDISCAAnalysts say Netflix undermining TV ad revenue, NY Times reports
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December 8, 2014
10:00 EDTDISCAOn The Fly: Analyst Initiation Summary
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December 5, 2014
16:56 EDTDISCADiscovery initiated with a Neutral at UBS
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