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Stock Market & Financial Investment News

News Breaks
March 12, 2013
05:55 EDTCBS, CBS, CBS, CBS, AAV, AAV, AAV, AAV, CVE, CVE, CVE, CVE, SU, SU, SU, SU, CNQ, CNQ, CNQ, CNQ, BTE, BTE, BTE, BTE, ERF, ERF, ERF, ERF, FE, FE, FE, FE, TRP, TRP, TRP, TRPFirstEnergy/Societe Generale to host a conference
East Coast Energy Conference is being held in New York on March 13-15.
News For CBS;AAV;CVE;SU;CNQ;BTE;ERF;FE;TRP From The Last 14 Days
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November 17, 2014
08:14 EDTTRPSandell Asset Management sends letter to TransCanada board
Sandell Asset Management, a significant shareholder of TransCanada, has publicly released a letter and White Paper to the Board of Directors of the Company in anticipation of its upcoming Investor Day to stimulate further discussions among all stakeholders as to the best long term corporate structure for TRP. Tom Sandell, CEO of Sandell, stated: “Although we are excited about the recent positive developments at TransCanada, we are disappointed that the Company has neither fully embraced the Master Limited Partnership structure nor emphasized cash flow metrics such as Adjusted Funds From Operations to highlight the Company’s ample tax assets, low maintenance capital requirements and capacity for dividend payment. Furthermore, we believe a spinoff of the Energy segment is the best long term course for this asset to attract a world-class, dedicated management team to deal with upcoming opportunities and challenges within the sector and to highlight the premium value of the Pipeline business.” In Sandell’s analysis, fully utilizing the Company’s existing MLP, TC PipeLines LP and highlighting AFFO metrics would serve to enhance the Company’s ability to finance its significant Capital Program by increasing dividend growth expectations and lowering cost of capital for both TRP and TCP. Additionally, by engaging in an ‘all-in’ dropdown to TCP and by restructuring its incentive distribution rights, TCP would be transformed into a powerful player in the US MLP industry, increasing organic growth prospects and allowing it to participate in the current wave of M&A to bolster its strategic positioning and distribution growth profile. Sandell believes that, through the implementation of these steps, TRP’s share price would immediately trade at its intrinsic value of $75 per share reflecting a corporate structure that maximizes the future value of TRP, TCP and the separated Energy business.
November 14, 2014
17:48 EDTTRPTransCanada to host investor day
Investor Day to be held in Toronto on November 19 at 8 am. Webcast Link
17:44 EDTCVECenovus Energy gains approval for Telephone Lake oil sands project
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17:27 EDTCBSPaulson & Co. gives quarterly update on stakes
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17:13 EDTCBSAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
14:24 EDTTRPTransCanada one vote short in Senate, The Hill says
TransCanada's Keystone Pipeline is one vote short of the 60 it will need to be approved by the Senate, according to The Hill. The House already approved the pipeline, but the White House indicated this week that President Obama is still opposed to it. Reference Link
12:56 EDTTRPHouses passes Keystone approval bill, Senate to vote next week
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09:38 EDTCBSJANA Partners gives quarterly update on stakes
NEW STAKES: AMD (AMD), AECOM Technology (ACM), Alibaba (BABA), McDonald's (MCD), Amgen (AMGN), Gaming and Leisure Properties (GLPI), Iron Mountain (IRM), iRobot (IRBT), Seadrill Partners (SDLP), Valeant (VRX). INCREASED STAKES: eBay (EBAY), Charter (CHTR), Groupon (GRPN), HD Supply (HDS), Hertz (HTZ). DECREASED STAKES: Apache (APA). LIQUIDATED STAKES: CBS (CBS), Endo (ENDP), FMC Corporation (FMC), SeaWorld (SEAS), SunEdison (SUNE).
09:33 EDTTRPTransCanada volatility elevated into Congress likely vote on Keystone Pipeline
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November 13, 2014
13:12 EDTCBSGruss Capital reports 5.02% passive stake in CBS
10:47 EDTCBSLionsgate and CBS Films announce multi-year film distribution partnership
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06:39 EDTTRPCongress likely to vote on Keystone Pipeline soon, Politico says
Congress is expected to vote on legislation authorizing TransCanada's Keystone Pipeline in coming days, but supporters look to be a few votes short in the Senate, according to Politico. Additionally, the White House indicated that President Obama still opposes the measure, the website stated., citing a Reuters report. Reference Link
06:17 EDTCBSSony unveils PlayStation Vue, a cloud-based TV service
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November 12, 2014
10:43 EDTCBSBernstein downgrades Discovery, Viacom, citing 'structural decline' in TV
Research firm Bernstein sees strong evidence that audiences of ad-supported TV have entered a period of "structural decline." The firm cut its rating on Discovery (DISCA), the owner of the Discovery Channel and Animal Planet cable stations, and Viacom (VIA,VIAB), which owns MTV and and Nickelodeon. The firm also cut its price target on CBS (CBS). WHAT'S NEW: Noting that audiences for ad-supported TV have fallen by unprecedented amounts for four months, Bernstein analyst Todd Juenger added that consumption of subscription video on demand, or SVOD, services continue to grow. Meanwhile, TV networks are seeing increased competition from Internet websites for ad dollars, limiting the ability of the networks to raise ad prices, Juenger stated. The profit margins and return on investment of content owners are likely to decline over time, the analyst believes. He downgraded Discovery to Market Perform from Outperform and set a $37 price target on the stock, and cut Viacom to Underperform from Market Perform, placing a $71 price target on that stock. Juenger reduced his price target on CBS to $55 from $60 and kept a Market Perform rating on the shares. He kept Outperform ratings on 21st Century Fox (FOXA), Disney (DIS), and Time Warner (TWX), saying that those are least affected by the trend, as they are less dependent than their peers on the American TV ad market and have a large amount of sports programming. PRICE ACTION: In mid-morning trading, Discovery lost 0.6% to $31.81, Viacom class A shares gained 0.6% to $70.09, CBS fell 0.7% to $51.48, Twenty-First Century Fox class A shares lost 0.5% to $34.75, Time Warner fell 0.5% to $77.69 and Disney was flat near $90 per share.
08:51 EDTTRPTransCanada to sell remaining interest in GTN to TC PipeLines
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07:48 EDTCBSWells Fargo to hold a conference
5th Annual Technology, Media & Telecom Conference is being held in New York on November 12-13.
07:31 EDTERFBofA/Merrill to hold a conference
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November 11, 2014
18:19 EDTCBSCBS, Disney look to block FCC Comcast merger disclosures, Bloomberg says
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November 10, 2014
11:06 EDTTRPSenator-elect says 65 senators to back Keystone Pipeline, The Hill says
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07:11 EDTCBSOpen Mobile Media to hold a summit
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