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Stock Market & Financial Investment News

News Breaks
January 3, 2014
10:00 EDTSBGI, FXEN, CM, TD, NXST, DL, BNS, EGP, SLF, MFC, CNO, BMO, FIIOn 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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February 1, 2016
16:22 EDTEGPEastGroup Properties sees FY16 FFO $3.93-$4.03, consensus $3.95
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16:22 EDTEGPEastGroup Properties reports Q4 FFO 94c, consensus 95c
Reports Q4 revenue $61.02M, consensus $59.41M.
07:31 EDTTDBarclays among potential buyers of TD Direct, Sky reports
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January 31, 2016
14:54 EDTNXSTNexstar 'remains eager' to reach agreement after Cox drops programming
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January 28, 2016
17:20 EDTNXSTNexstar comments on Cox making 'mischaracterizations'
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16:34 EDTFIIFederated Investors reports Q4 EPS 46c, consensus 43c
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10:35 EDTNXSTCox Communications: Nextar, Media General merger 'not in the public interest'
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07:45 EDTSBGISinclair Broadcast to hold a conference call
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07:07 EDTBMOBank of Montreal receives regulatory approvals for NCIB
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January 27, 2016
16:41 EDTSBGISinclair Broadcast to acquire Tennis Channel for $350M
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09:43 EDTNXSTNexstar & Media General to host joint conference call
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08:48 EDTNXSTMeredith and Media General agree to terminate merger agreement
Meredith Corporation (MDP) and Media General (MEG) said they have agreed to terminate immediately the binding merger agreement they entered into on September 8, 2015. In exchange for terminating the merger agreement, Meredith will receive: $60M in cash payable immediately, and an opportunity to negotiate for the purchase of certain broadcast and digital assets currently owned by Media General. There is no assurance that Media General and Meredith will reach agreement with respect to a purchase of any broadcast and digital assets, any such transaction being subject to approval of Nexstar Broadcasting (NXST) under Media General's merger agreement with Nexstar. Meredith Chairman and CEO Stephen Lacy commented, "While we still believe in the strategic and financial benefits a merger with Media General would have created, we are pleased with the financial benefits of the termination agreement and the shareholder value created." Media General CEO Vincent Saduskey said, "We are pleased to have this matter behind us and look forward to working towards completion of our transaction with Nexstar, which we believe is in the best interest of Media General and delivers superior value to our shareholders."
08:48 EDTNXSTNexstar enters into definitive agreement to acquire Media General for $4.6B
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08:46 EDTNXSTNexstar to acquire Media General for $4.6B
January 26, 2016
11:50 EDTNXSTMeredith near deal to end Media General pact, allow Nexstar deal, Bloomberg says
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11:22 EDTNXSTMeredith close to allowing Media General, Nexstar deal, Bloomberg reports
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January 25, 2016
19:35 EDTNXSTNexstar nearing $2.3B deal for Media General, NY Post says
Nexstar (NXST) is preparing to sign within days a $2.3B agreement to acquire Media General (MEG), reports the New York Post, citing sources. Following its announcement, the deal is expected to be placed on hold because Media General has already agreed to a merger with Meredith (MDP), but Media hopes the deal will pressure Meredith to settle the termination fee related to the agreement, sources told the publication. Reference Link
10:00 EDTCNOOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: 8x8, Inc. (EGHT) initiated with a Buy at Summit Research... ARI Network (ARIS) initiated with an Outperform at Barrington... Alcobra (ADHD) initiated with an Outperform at Oppenheimer... CNO Financial (CNO) initiated with a Hold at Deutsche Bank... Expedia (EXPE) initiated with an Outperform at Wells Fargo... Gartner (IT) initiated with an Overweight at Atlantic Equities... MAG Silver (MVG) initiated with a Buy at Roth Capital... Mitek Systems (MITK) initiated with an Outperform at Northland... Priceline (PCLN) initiated with a Market Perform at Wells Fargo... QTS Realty Trust (QTS) initiated with a Buy at SunTrust... Seres Therapeutics (MCRB) initiated with a Buy at H.C. Wainwright.
07:03 EDTNXSTNexstar says Cox subscribers in nine markets may lose programming January 29
Nexstar Broadcasting Group announced that Cox Communications subscribers in nine markets are at risk of losing network and local community programming at 11:59 p.m. local time on January 29, 2016 as Cox has yet to reach a new distribution agreement allowing the cable television provider the right to continue to air Nexstar's highly rated programming. For over five months, Nexstar has been negotiating in good faith to establish a mutually agreeable contract with Cox. Nexstar has established a long-term record of completing hundreds of agreements with cable and satellite providers for the carriage of its programming and is proud it has had no material service interruptions related to distribution agreements since 2005. Nexstar will continue negotiating with Cox to try and reach a fair agreement to allow viewers to continue receiving its programming on an uninterrupted basis. Nexstar is committed to consistently elevating the level of service provided to local communities in the markets it serves across the United States by making meaningful capital investments to expand local news, lifestyle, sports, weather and other programming and enhancing station infrastructure, production resources and technologies. Nexstar regrets that Cox Communications is willing to hold its paying subscribers hostage because it won't agree to fair and reasonable terms for viewers' favorite network, local news and community-focused programming, as well as other critical information and emergency service updates we provide that is relevant to local community viewers. Nexstar remains hopeful that a resolution can be reached before the January 29 deadline, but should Cox fail to come to terms with Nexstar, Nexstar intends to actively educate consumers in affected markets on how they can continue to receive their favorite network programming, in-depth local news, other content and programming relevant to their communities, and critical updates in times of emergencies.
06:56 EDTCNOCNO Financial initiated with a Hold at Deutsche Bank
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