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Stock Market & Financial Investment News

News Breaks
January 3, 2014
10:00 EDTFII, SBGI, FXEN, CM, TD, NXST, DL, BNS, EGP, SLF, MFC, CNO, BMOOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Bank of Montreal (BMO) initiated with an Outperform at RBC Capital... Bank of Nova Scotia (BNS) initiated with an Outperform at RBC Capital... CIBC (CM) initiated with a Sector Perform at RBC Capital... CNO Financial (CNO) initiated with a Buy at Citigroup... China Distance Education (DL) assumed with an Overweight at Piper Jaffray... FX Energy (FXEN) initiated with a Buy at Roth Capital... LIN Media (LIN) initiated with an Outperform at Wedbush... Manulife Financial (MFC) initiated with an Outperform at RBC Capital... Nexstar (NXST) initiated with a Neutral at Wedbush... Sinclair Broadcast (SBGI) initiated with an Outperform at Wedbush... Sun Life Financial (SLF) initiated with a Sector Perform at RBC Capital... Toronto-Dominion (TD) initiated with an Outperform at RBC Capita... Federated Investors (FII) initiated with a Buy at Argus... EastGroup Properties (EGP) initiated with a Neutral at ISI Group.
News For BMO;BNS;CM;CNO;DL;FXEN;MFC;NXST;SBGI;SLF;TD;FII;EGP From The Last 14 Days
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August 26, 2015
12:44 EDTSBGIFCC Chairman Wheeler says to convene emergency meeting with DISH, Sinclair
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09:13 EDTSLFUnum could be finalist for Assurant employee benefits unit, says Jefferies
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05:30 EDTSBGIDISH renews formal complaint with FCC against Sinclair Broadcast
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05:17 EDTSBGIDISH 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
07:36 EDTBMOBank of Montreal reports Q3 Basel III CET1 Ratio 10.4%
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07:32 EDTBMOBank of Montreal reports Q3 adj. EPS C$1.80 vs C$1.86 last year
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August 24, 2015
19:56 EDTSLFSun Life, Assurant employee unit deal could have value of $900M, Bloomberg says
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17:16 EDTSLFSun Life in talks for Assurant employee benefits unit, Globe and Mail says
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August 21, 2015
08:40 EDTBNSCanadian Security Traders Association to hold a conference
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August 20, 2015
10:00 EDTEGPOn The Fly: Analyst Downgrade Summary
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07:29 EDTDLChina Distance Education price target lowered to $14 from $23 at Brean Capital
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06:45 EDTEGPEastGroup Properties downgraded to Neutral from Outperform at Credit Suisse
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August 18, 2015
17:07 EDTDLChina Distance Ed' lowers FY15 revenue view to $107.8M-$109.6M from $116M-$121.5
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17:05 EDTDLChina Distance Education sees Q4 revenue $35.3M-$37.0M, consensus $45.20M
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17:04 EDTDLChina Distance Education approves $10M share repurchase program
CDEL's board of directors approved a share repurchase program which authorizes CDEL to repurchase up to $10M of its issued and outstanding American Depositary Shares, or ADSs, during a one-year period from August 18, 2015 to August 17, 2016.
17:03 EDTDLChina Distance Education reports Q3 revenue $28.8M, consensus $27.85M
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August 17, 2015
16:15 EDTSBGIGlenhill Advisors reports 5.6% passive stake in Sinclair Broadcast
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August 16, 2015
14:24 EDTSBGIDISH, 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 EDTSBGIDISH files FCC complaint against Sinclair ahead of potential channel blackout
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August 14, 2015
11:08 EDTTDNordstrom, J.C. Penney shares rise after better-than-expected Q2 earnings
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