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Stock Market & Financial Investment News

News For CBS;DIS;CMCSA;NWSA;VIAB;GOOG;NFLX;TWC;CVC From The Last 14 Days
Check below for free stories on CBS;DIS;CMCSA;NWSA;VIAB;GOOG;NFLX;TWC;CVC the last two weeks.
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<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | all recent news | >>
April 22, 2014
16:42 EDTCMCSACharter near deal to acquire 1.5M subscribers from Comcast, Bloomberg says
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16:33 EDTNFLXOn The Fly: Closing Wrap
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16:04 EDTGOOGOptions Update; April 22, 2014
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15:45 EDTCMCSACharter near deal to acquire 4M subscibers from Comcast, DJ says
Dow Jones cites sources.
13:18 EDTGOOGOpera says Android overtook iOS in mobile ad traffic
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13:07 EDTGOOGYouTube's head of product leaving company, Re/code reports
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12:39 EDTNFLXOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday amid a number of big deals and a much talked about proposed deal in the pharmaceutical industry, as well as another wave of earnings reports. The market opened quietly but on the positive side of the ledger as investors pored over the multitude of quarterly reports issued after the close last night and earlier today. Near noon the market stood near its session highs and is pointing toward its sixth consecutive positive close. ECONOMIC EVENTS: In the U.S., existing home sales slipped 0.2% to a 4.59M rate in March, versus expectation for them to have fallen 1% to a 4.56M rate. The Richmond Fed manufacturing survey for April had a reading of 7, beating the consensus forecast for a reading of 2. COMPANY NEWS: Valeant Pharmaceuticals (VRX) teamed with Bill Ackman's hedge fund Pershing Square to make a hostile takeover offer for Allergan (AGN), sending shares of both companies higher. Allergan confirmed it received the offer of $48.30 in cash and 0.83 shares of Valeant stock for each of its own shares, which it said it will evaluate with the help of its advisers. Analysts' opinion on the fallout varied, with one firm suggesting Allergan could pursue its own takeover of Shire (SHPG) or Jazz Pharmaceuticals (JAZZ) as a defense, and another saying a rival big pharma company, such as Johnson & Johnson (JNJ) or Merck (MRK), could launch a competing bid for Allergan. Shares of Allergan led all gainers on the S&P 500, rising 16%, while Valeant shares gained more than 6%... A number of other big drug makers made news with a string of deals, as Novartis (NVS) and GlaxoSmithKline (GSK) both reshaped their companies via a trio of agreements. Novartis will acquire GSK's oncology products for a $14.5B payment and up to $1.5B contingent future payments, Novartis will sells its Vaccines business, excluding flu, to GSK for $7.1B plus royalties, and the two agreed to tie-up their consumer healthcare businesses through a joint venture. In a separate transaction, Novartis agreed to divest its Animal Health Division to Eli Lilly (LLY) for about $5.4B. MAJOR MOVERS: Among the notable gainers following their earnings reports were streaming video service Netflix (NFLX), which advanced almost 6%, and motorcycle maker Harley-Davidson (HOG), which rose 8%. Companies that slid following their earnings reports included printer maker Lexmark (LXK), which fell over 11%, and Pentair (PNR), which dropped almost 6%. INDEXES: Near midday, the Dow was up 106.77, or 0.65%, to 16,556.02, the Nasdaq was up 45.95, or 1.11%, to 4,167.50, and the S&P 500 was up 11.59, or 0.62%, to 1,883.48.
12:37 EDTNFLXNetflix rises after earnings beat, sooner than expected price hike
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12:12 EDTCBSCBS May volatility elevated at 34 into Q1
CBS May call option implied volatility is at 34, June is at 30, September is at 26; compared to its 26-week average of 28 according to Track Data, suggesting larger near term price movement into the expected release of Q1 results on May 8 and Supreme Court Aereo decision this summer.
10:42 EDTNFLX Options with decreasing implied volatility: SRPT NFLX YOKU UVXY
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10:00 EDTNFLXOn The Fly: Analyst Upgrade Summary
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09:38 EDTNFLXActive equity options trading on open
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09:16 EDTNFLX, CMCSAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Netflix (NFLX), up 8%... Harley-Davidson (HOG), up 7%... PLX Technology (PLXT), up 8%... Illinois Tool (ITW), up 2.3%... Comcast (CMCSA), up 1%... McDonald's (MCD), up 0.6%. ALSO HIGHER: Allergan (AGN), up 17% after Valeant (VRX) confirms proposal to combine with the company for $48.30 and 0.83 shares of stock. Valeant is up 5% following its confirmation of the news that broke last night... GlaxoSmithKline (GSK), up 4.5% after agreeing to sell oncology products for $14.5B to Novartis (NVS) and buy Novartis' Vaccines business, currently excluding its flu business, for $7.1B plus royalties. Novartis shares trading in New York are also up 1% following the deals... Revance Therapeutics (RVNC), up 20% after announcing positive results from RT002 Phase 1/2 study... Facebook (FB), up 2% following upgrade at Credit Suisse. DOWN AFTER EARNINGS: Xerox (XRX), down 4%... Lexmark (LXK), down 4.8%. ALSO LOWER: Allison Transmission (ALSN), down 4% after filing to sell 25M shares for holders... FireEye (FEYE), down 2.9% after filing to sell 13.3M shares of common stock for holders... Bebe stores (BEBE), down 16% after reporting preliminary Q3 losses that were steeper than the consensus estimate.
08:59 EDTCMCSAComcast: Viewing has improved in both linear and on-demand
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08:50 EDTCBSCBS reiterated as a Best Idea at Morgan Stanley
Morgan Stanley reiterated CBS as a Best Idea and remains Overweight rated given strong long-term earnings growth driven by content memorization and balance sheet leverage. Price target is $73.
08:29 EDTCMCSAComcast reports Q1 xfinity video customers increased by 24,000
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08:14 EDTNFLXNetflix price target raised to $520 from $500 at Pacific Crest
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07:50 EDTNFLXNetflix price target raised to $435 from $419 at Oppenheimer
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07:34 EDTNFLXNetflix guidance, commentary positive, says Stifel
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07:25 EDTTWC, CBSNatural E Creative Group to hold a summit
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