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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
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May 29, 2015
16:44 EDTTWCStocks end week lower as GDP revision closes May on down note
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16:07 EDTGOOGQualcomm's Snapdragon 810 processor to power Google's Project Tango platform
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16:00 EDTNFLXOptions Update; May 29, 2015
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14:02 EDTGOOGTwitter executive Jessica Verrilli leaving for Google Ventures, Fortune says
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13:49 EDTCVCCablevision hires Keith Sherwell as CIO, Variety reports
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12:40 EDTGOOGGoogle buys Pulse.io mobile app performance startup, terms not disclosed
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11:17 EDTCVCStocks with call strike movement; GMCR CVC
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10:27 EDTTWCOptions with decreasing implied volatility
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10:01 EDTCVCOn The Fly: Analyst Initiation Summary
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07:17 EDTGOOGGoogle remains innovation leader in Internet sector, says UBS
Following the keynote session of the I/O Developer Conference, UBS said Google remains the innovation leader among companies in the Internet sector. The firm cited continued growth and scale of its consumer platforms and new innovations within its developer ecosystem. UBS reiterated its Buy rating and $670 price target on Google shares.
06:58 EDTCMCSA, TWCComcast may have violated agreements before NBCU purchase, NY Post reports
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06:31 EDTCVCCablevision initiated with a Neutral at Goldman
Target $23.
06:21 EDTGOOGGoogle says Gmail has 900M active users, TechCrunch reports
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06:00 EDTGOOGGoogle discusses Identity Platform on developer blog
On its Developer Blog, Google discusses its new Identity Platform, a suite of developer tools hat let others build "frictionless" entry to name-brand sites via the Smart Lock password manager. Google comments, "With Smart Lock for Passwords, you get frictionless sign-in and sign-up into apps on Android and sites in Chrome with any account. Users will get automatically signed-in across devices. In turn, you reduce the risk of forgotten user passwords and missed conversion opportunities when users get frustrated trying to sign in or move on to another activity. Identity Toolkit gives you a robust, secure authentication system in a box that helps you do sign-in the right way, no matter what account your users want to use. The toolkit gives you password authentication, in addition to federated sign-in with major identity providers." Reference Link
05:57 EDTGOOGAndroid TV to display video apps as traditional channels, Variety reports
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05:52 EDTGOOGGlobal smartphone shipments to reach 1.37B in 2015, DigiTimes reports
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05:52 EDTGOOGIDC: PC shipments to decline for fourth straight year in 2015, DigiTimes says
The IDC said PC shipments will decline by 6.2% in 2015 and will be the fourth consecutive year of falling volume, reports DigiTimes. The market almost saw stable shipments in mid-2014 as the end of support for Windows XP boosted demand, but that cycle passed and was replaced by a reduction in inventory on the supply side as the market awaits the arrival of Windows 10. Reference Link
05:52 EDTGOOGIDC: Worldwide tablet growth to decline 3.8% in 2015, DigiTimes says
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May 28, 2015
19:33 EDTDISDisney surveys annual pass holders on 'demand pricing,' LA Times says
Disney has sent an online survey to Walt Disney Parks and Resorts annual pass holders gauging their opinion on a tiered pricing system that would label theme park tickets gold, silver, or bronze, with varying levels of park access for each tier, the LA Times reports, citing a copy of the survey. According to the survey, the hypothetical $115 gold tickets could be redeemed any day of the year, $105 silver tickets would not be usable during peak days or popular holiday periods, and $99 bronze tickets would be limited to off-peak weakends. Reference Link
19:13 EDTGOOGGoogle to launch free unlimited photo, video storage, AP says
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14:54 EDTGOOGGoogle teams up with GoPro on virtual reality camera, video, Re/code says
Google (GOOG) product management VP Clay Bavor announced that YouTube will host 3D videos filmed with GoPro's (GPRO) 360-degree camera known as "Array," reports Re/code, citing statements made at the I/O conference Thursday. The GoPro-built device uses Google rendering technology and is part of Google's new virtual reality platform known as Jump. Re/code notes that the device will be sent to popular YouTube content creators beginning in July, and video captured with the device can be viewed with Google's "Cardboard" virtual-reality headset, which is priced near $20. Reference Link
13:52 EDTGOOGVisa says Google first partner to participate in Digital Enablement Program
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13:16 EDTGOOGGoogle says developers have built 4,000+ apps for Android Wear
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13:14 EDTGOOGGoogle introduces Android Pay
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13:04 EDTGOOGGoogle introduces Android Pay at developer conference, Business Insider reports
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12:53 EDTGOOGGoogle says Android M to succeed Lollipop this year, The Verge reports
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10:55 EDTGOOGGoPro rises after confirming plans to enter drone, VR markets
Shares of GoPro (GPRO) are rising after the action camera maker confirmed it is developing a camera array for virtual reality filming and is also making its own drone for consumers. WHAT'S NEW: GoPro is developing a product that can create video which can be viewed on virtual reality headsets, GoPro CEO Nick Woodman said at the Code Conference, according to Re/code. Called a Six-Camera Spherical Array, the device uses six of GoPro's Hero4 cameras and a product from Kolor, a virtual reality software company GoPro acquired in April. GoPro is also building its own drone geared to consumers, Woodman said, according to Re/code. However, the company will continue to provide cameras to other drone makers, the website noted. ANALYST REACTION: In a note to investors earlier today, Piper Jaffray analyst Erinn Murphy said that GoPro's virtual reality product should be available in the second half of this year and cost $500-$1,500. The drone is expected to be available in the first half of next year and is likely to be sold for $500-$2,500, the analyst stated. GoPro's expansion into the drone and virtual reality markets could undermine bears' contention that GoPro's total available market is low, according to Murphy. Drones and virtual reality should have total available markets of over $5B by 2020 and over $65B by 2025, respectively, estimated the analyst, who kept a $68 price target and Overweight rating on GoPro. Meanwhile, Stifel analyst Jim Duffy wrote that the virtual reality product will have only a minimal impact on GoPro's results in 2015 and 2016. However, the drone offering could increase its 2016 earnings per share by 20c-30c if it is launched in the beginning of the year, according to Duffy, who kept a Hold rating on the stock. WHAT'S NOTABLE: In a note to investors yesterday, well-known Piper Jaffray analyst Gene Munster called virtual reality and augmented reality "the next mega tech themes through 2030." Users will be able to enjoy gaming, live sports, concerts, "immersive cinema," and social experiences using virtual reality, he predicted. Facebook (FB), Google (GOOG,GOOGL) and Apple (AAPL) are likely to benefit from this trend, Munster believes. PRICE ACTION: In mid-morning trading, GoPro climbed nearly 8% to $57.43.
10:51 EDTGOOGRumor: Tesla moves higher on renewed Google speculation
Shares of Tesla (TSLA) are moving higher on renewed speculation Google (GOOGL) may have accumulated a stake in the company.
10:25 EDTTWCOptions with decreasing implied volatility
Options with decreasing implied volatility: BLUE OCR EXPR LO JMEI ANF WSM BBY TWC ROST
10:11 EDTGOOGAnalyst says Google non-search assets to drive strong growth
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10:09 EDTGOOGGoogle volatility flat into developer’s conference
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10:02 EDTNFLX, GOOG, DIS, CMCSASandvine: Netflix accounts for 36.5% of peak Internet traffic, Variety reports
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07:42 EDTGOOGGoogle valuation supported by non-search business growth, says Canaccord
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07:30 EDTGOOGGoogle to hold a conference
Google I/O 2015 is being held in San Francisco on May 28-29.
07:23 EDTCMCSA, DIS, CBSBig four networks aim to own more of their programs, WSJ reports
The percentage of shows that the big four television networks own or have a stake in has risen in recent years as owning shows has become a priority due to lucrative rerun and cross platform rights, said The Wall Street Journal. Walt Disney’s (DIS) ABC will own or have a stake in almost 70% of its coming schedule, compared with 48% in 2010, while Fox (FOXA), CBS (CBS) and Comcast’s (CMCSA) NBC will also own or have stakes in the majority of their lineups' shows, the report noted. Reference Link
06:34 EDTTWCAltice says 'lacked resources to digest' Time Warner Cable deal, Reuters reports
Altice (ATCEY) owner Patrick Drahi says the company did not make a bid for Time Warner Cable (TWC) because the company "lacked management resources to digest" such a deal, Reuters reports, citing comments made at a French parliamentary hearing. While Altice "wasn't ready," Charter (CHTR) stepped in and agreed to buy Time Warner Cable for $56B. Reference Link
06:28 EDTGOOGGoogle says 'Buy' button to come to searches, Business Insider reports
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06:27 EDTGOOGGoogle and Apple set to unveil plans to enhance mobile payments, NY Times says
Google (GOOG) is set to unveil plans at its annual developer conference Thursday for an overhaul of its mobile payment products, reports the New York Times. According to three people familiar with the situation, changes include a service called Android Pay that will allow credit card payments from inside their mobile apps and can be integrated with loyalty programs. Apple, meanwhile is preparing to announce details about enhancements to Apple Pay at its software conference next month that include a rewards program, according to two people briefed on the product. Reference Link
05:57 EDTDISGoPro CEO says media business 'a lot like Disney,' Re/code reports
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05:53 EDTGOOGObama administration urges justices not to hear Google-Oracle case, WSJ says
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05:49 EDTGOOGGoogle says Taiwan a major revenue contributor for company, DigiTimes says
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May 27, 2015
19:47 EDTGOOGGoogle Chief Business Officer says buy button is 'imminent,' Re/code reports
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19:21 EDTGOOGApple plans iOS personal assistant feature codenamed 'Proactive,' 9to5Mac says
Apple (AAPL) is readying an iOS feature codenamed "Proactive," which aims to compete with Google (GOOG) Now by incorporating Siri, Passbook, Calendar, Contacts, and other apps to create a more full-featured personal assistant, reports 9to5Mac, citing sources familiar with Apple's plans. Sources said Proactive will comprise a new "layer" within iOS, replacing the current pulldown Spotlight menu. Reference Link
18:51 EDTGOOG2016 Chevrolet models to feature Apple CarPlay, Android Auto
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13:22 EDTCBSCBS CEO says hasn't looked at bidding for soccer rights
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13:18 EDTTWC, CBSMoonves says 'nobody surprised' by Charter deal for Time Warner Cable
Moonves said he expects Charter's (CHTR) proposed purchase of Time Warner Cable (TWC) will face less regulatory challenge than the proposed Comcast (CMCSA) deal for TWC did. CBS (CBS) CEO Les Moonves is speaking on CNBC.
13:14 EDTCBSCBS CEO says 'not objecting' to Verizon 'skinny bundle' plans
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13:13 EDTCBSCBS CEO says in early talks with Apple on inclusion in Apple TV offering
CBS (CBS) CEO Les Moonves is speaking on CNBC.
13:12 EDTCBSCBS says network will 'probably' sign up for Apple TV service, TechCrunch says
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12:50 EDTCMCSAComcast in talks to acquire Vox Media and Re/code, Quartz reports
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12:32 EDTNFLXRogers, Shaw to launch Shomi streaming service this summer, The Province says
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10:32 EDTGOOGTwitter beats LinkedIn as top social media site for salespeople, Forbes reports
In a survey conducted by Forbes with a client, Twitter (TWTR) beat LinkedIn (LNKD) to become the top social media network for salespeople. When it came to sales prospecting, Twitter was "slightly more valuable" than LinkedIn, according to the survey, though both sites beat out Facebook (FB) and Google (GOOG). Reference Link
10:01 EDTTWCOn The Fly: Analyst Upgrade Summary
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08:43 EDTTWCDycom likely to benefit from Charter deal, says BB&T
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07:38 EDTCMCSA, TWCTWC bonds reflect debt concerns from Charter deal, WSJ says
Time Warner Cable (TWC) 30-year bonds due in September 2042 rose 11.7% following the announcement of its deal to be acquired by Charter (CHTR), but that was still down about 16% from where they traded before it became clear the company’s prior pact with Comcast (CMCSA) was in doubt, reported The Wall Street Journal, citing data from MarketAxess. The bond prices reflect investors’ anxiety over the fact that Time Warner Cable’s debt will grow from about $23B to $61.5B-$65.7B, depending on how much cash investors choose in the cash-and-stock deal with Charter, though TWC's other reported suitor, Altice (ATCEY), was viewed as potentially planning to saddle it with even more debt, the Journal added. Reference Link
07:33 EDTTWCTime Warner Cable price target raised to $197-$211 from $155-$165 at Wells Fargo
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07:20 EDTGOOGMicrosoft bringing Cortana assistant to iOS, Android, The Verge reports
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06:27 EDTGOOGUS administration backs Oracle in Google case, Financial Times reports
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06:14 EDTTWCTime Warner Cable upgraded to Hold from Underperform at Needham
Time Warner Cable (TWC) is being acquired Charter (CHTR) in a deal valued at $78.7B.
06:13 EDTGOOGTech companies look for ways to fend off activist investors, WSJ reports
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06:06 EDTCVCCablevision implied volatility of 45 at upper end of index
06:05 EDTNFLXStocks with implied volatility below IV index mean; NFLX LNKD
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06:02 EDTDISCMGE enters into cooperation with Disney to publish Star Wars: Commander
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May 26, 2015
19:26 EDTTWCCharter CEO sees better broadband capacity, infrastructure, Washington Post says
In a Washington Post interview Tuesday afternoon, Charter (CHTR) CEO Tom Rutledge said the company's acquisition of Time Warner Cable (TWC) will "allow us to invest in the [infrastructure] network... We can turn off analog signals and free up spectrum, and use that spectrum to increase the capacity of broadband... Charter goes to market with 60 Mbps as the slowest speed it sells... We can bring that across the country. We can have lower prices for faster services." Regarding potential regulatory scrutiny, Rutledge said, "This is a much smaller deal -- and we're not a vertically integrated company." When asked whether the merged company has been in partnership talks with programmers, the CEO remarked, "We have had discussions, and we are in active discussions with lots of programmers... One of the things we're doing, though, is building a user interface that's state-of-the-art and backward-compatible to every device we have on every TV, and backward-compatible with mobile devices as well. That'll let us integrate over-the-top and traditional services." Reference Link
18:32 EDTGOOGFacebook India offers content creators exclusivity deals, Economic Times says
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18:11 EDTGOOGGoogle, Yahoo inquired about buying Flipboard, WSJ says
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16:20 EDTTWC, CMCSAOn The Fly: Top stock stories for Tuesday
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16:01 EDTTWCOptions Update; May 26, 2015
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13:55 EDTTWCTime Warner Cable downgraded to Hold from Buy at Jefferies
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12:35 EDTCMCSA, TWCOn The Fly: Top stock stories at midday
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12:11 EDTGOOGGlobal smartphone growth expected to slow to 11.3% in 2015, IDC says
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11:54 EDTCVCOptions with increasing implied volatility
Options with increasing implied volatility: VIPS DGX CVC JIVE LBTYA BBBY YHOO NKE CAN DTV
10:35 EDTCMCSA, TWCComcast CEO says Charter-TWC deal 'makes all the sense in the world'
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10:05 EDTTWCCharter, TWC deal synergies look understated, says Wells Fargo
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09:51 EDTTWCCharter CEO says vast majority of employees to keep jobs after deal
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09:47 EDTTWCActives on open:
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09:44 EDTCMCSA, TWCCharter CEO says TWC pact 'significantly different' than Comcast transaction
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09:23 EDTTWCOn The Fly: Pre-market Movers
UP AFTER EARNINGS: AutoZone (AZO), up marginally after reporting third quarter results. ALSO HIGHER: Geeknet (GKNT), up 119.7% after being acquired by Hot Topic for $17.50 per share... IntelliPharmaCeutics (IPCI), up 16.8% after being granted fast track designation for Rexista Oxycodone by FDA... McDermott (MDR), up 9.2% after favorable mention in Barron's and after being awarded a project for 12 jackets offshore Saudi Arabia... Time Warner Cable (TWC), up 5.2% following announcement of merger with Charter (CHTR)... Charter is up fractionally. DOWN AFTER EARNINGS: Sky-mobi (MOBI), down 7.9%. ALSO LOWER: Etsy (ETSY), down 5.7% following a Wall Street Journal report that Amazon.com (AMZN) is targeting Etsy with an artisan goods marketplace... First Solar (FSLR), down 4.1% after being downgraded to Underperform from Sector Perform at RBC Capital... AstraZeneca (AZN), down 1.9% after Amgen (AMGN) ends participation in co-development and commercialization of brodalumab... Amgen is down 1.5%.
09:22 EDTNFLX, CMCSA, TWCRovi gets 'de facto renewal' with TWC buyout, says JPMorgan
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09:16 EDTTWCAltice not coming back with competing bid for Charter, CNBC reports
Altice (ATCEY) talked about an offer for Charter Communications (CHTR) which included $150-$160 per share in cash and up to $50 per share in stock, CNBC's David Faber reports, adding that banks had offered a "bridge equity" to finance the deal. Altice does not plan on coming back with a competing offer after Charter agreed to be acquired by Time Warner Cable (TWC).
08:59 EDTCVC, TWCCablevision up more than 5% following Charter-TWC merger announcement
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08:43 EDTTWCCharter, Time Warner Cable says $800M cost synergy target 'very conservative'
08:37 EDTTWCCharter believes added investments needed after Time Warner Cable deal closes
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08:33 EDTTWCCharter CEO says 'confident' deal with Time Warner Cable will be approved
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08:25 EDTTWCCharter, Time Warner Cable deal has reciprocal break-up fee of $2B
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08:13 EDTTWCCharter volatility flat into Time Warner Cable purchasing for $55B
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07:59 EDTTWCCombined TWC-Charter-Bright House to have 24M customer relationships
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07:58 EDTTWCFCC Chair Wheeler says every merger reviewed 'on its merits'
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07:51 EDTTWCTime Warner Cable volatility flat into Charter purchasing for $55B
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07:44 EDTTWCTime Warner Cable unlikely to receive additional bid, says RBC Capital
After press reports stated that Charter (CHTR) was about to announce that it had agreed to buy Time Warner Cable (TWC) for $5B, RBC Capital says that the high multiple of the offer was due to the interest of another company, Altice, in buying Time Warner Cable. However, the firm does not expect Altice to make a counterbid, given the high multiple of the reported Charter deal and the reported $2B break=up fee. RBC keeps a Sector Perform rating on Time Warner Cable.
07:39 EDTGOOGGoogle I/O conference a showcase for opportunities, said UBS
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07:07 EDTDISDisney price target raised to $115-$129 from $113-$118 at Wells Fargo
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06:28 EDTTWCCharter and Time Warner Cable host joint conference call
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06:18 EDTTWCLiberty Interactive to invest $2.4B in support of Charter-Time Warner Cable deal
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06:14 EDTTWCLiberty Broadband to invest $5B with Charter in connection with Time Warner deal
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06:12 EDTTWCTime Warner Cable shares valued at $195.71 in Charter takeover
06:10 EDTNFLXStocks with implied volatility below IV index mean; NFLX LNKD
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06:08 EDTTWCLiberty Broadband to own 19%-20% of New Charter
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06:05 EDTTWCCharter to merge with Time Warner Cable, acquire Bright House Networks
Charter Communications (CHTR) and Time Warner Cable (TWC) announced that they have entered into a definitive agreement for Charter to merge with Time Warner Cable. The deal values Time Warner Cable at $78.7B. Charter will provide $100.00 in cash and shares of a new public parent company equivalent to 0.5409 shares of CHTR for each Time Warner Cable share outstanding. The deal values each Time Warner Cable share at approximately $195.71 based on Charter's market closing price on May 20, or approximately $200 based on Charter's 60-trading day volume weighted average price. In addition, Charter will provide an election option for each Time Warner Cable stockholder, other than Liberty Broadband (LBRDA) or Liberty Interactive (QVCA), who will receive all stock, to receive $115.00 of cash and New Charter shares equivalent to 0.4562 shares of CHTR for each Time Warner Cable share they own. In addition, Charter and Advance/Newhouse Partnership announced that the two companies have amended the agreement which the two parties signed and announced on March 31, whereby Charter will acquire Bright House Networks for $10.4B. That agreement, as amended, provides for Charter and Advance/Newhouse to form a new partnership of which New Charter will own between approximately 86% and 87% and of which Advance/Newhouse will own between approximately 13%-14%, depending on the Time Warner Cable shareholders' cash election option described above. The consideration to be paid to Advance/Newhouse by Charter will include common and convertible preferred units in the Partnership, in addition to $2B in cash. The common and convertible preferred partnership units will each be exchangeable into shares of New Charter. The Charter-Advance/Newhouse transaction is expected to close contemporaneously with the Charter-Time Warner Cable transaction. Charter also announced today that Liberty Broadband has agreed to purchase, upon closing of the Time Warner Cable transaction, $4.3B of newly issued shares of New Charter at a price equivalent to $176.95 per Charter share, which represents Charter's closing price as of May 20. As previously-announced, Liberty Broadband will also purchase, upon closing of the Charter-Advance/Newhouse transaction, $700M of newly issued Charter shares at a price equivalent to $173.00 per Charter share.
06:01 EDTTWCCharter to merge with Time Warner Cable, acquire Bright House Networks
05:47 EDTTWCStocks with implied volatility movement; TWC YOKU
Stocks with implied volatility movement; Time Warner Cable (TWC) 31, Youku Tudou (YOKU) 70 according to iVolatility.
May 25, 2015
17:23 EDTTWCCharter in advanced talks for Time Warner Cable, Bright House, WSJ says
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12:50 EDTCMCSA, DISDisney's 'Tomorrowland' leads U.S. weekend box office with $32.2M
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May 22, 2015
16:41 EDTTWCStocks end week little changed despite weaker than expected domestic data
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10:26 EDTTWCAltice seeking financing for bid for Time Warner Cable, Reuters says
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07:36 EDTNFLXNetflix price target raised to $700 at RBC Capital following customer surveys
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06:55 EDTGOOGGoogle seeks Taiwan partners to promote Chromebook, DigiTimes reports
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06:40 EDTGOOGGoogle to add fingerprint authentication to Android M, Buzzfeed reports
Google's Android M is expected to include fingerprint authentication, reports Buzzfeed. The functionality will allow users to log in to all supported applications on their Android devices without entering a password. Google is expected to announce the feature next week at Google I/O. Reference Link
05:50 EDTTWCCharter in talks to buy TWC for above $170/share, WSJ reports
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May 21, 2015
19:44 EDTGOOGGoogle advertising head remarks that larger phones may help mobile ads, WSJ says
In a Wall Street Journal interview at the San Francisco ad:tech conference, Google (GOOG) advertising chief Sridhar Ramaswamy commented on the conversation rate from mobile ad viewership to actual mobile sales, stating, "As phones get bigger the [screen] space issue becomes less challenging... [My six-inch phone] is essentially a tablet. People’s ability to navigate sites and fill out forms and such goes up tremendously." Ramaswamy also offered commentary on Facebook's (FB) advertising metrics, asking, "How many of Facebook’s video views are engaged views?" The Journal notes that Google's YouTube waits 30 seconds to register a video view, while Facebook counts a view "more quickly." Reference Link
18:01 EDTTWC, CMCSAFCC's Wheeler reaches out to cable executives, WSJ says
According to people familiar with the matter, FCC Chairman Tom Wheeler has in recent days called on cable executives to convey the message that the agency is not against any and all future cable deals despite the scrutiny put upon the once proposed Comcast (CMCSA)-Time Warner Cable (TWC) merger, reports the Wall Street Journal. Wheeler, according to the WSJ, called on Time Warner Cable CEO Rob Marcus and Charter Communications (CHTR) CEO Tom Rutledge, as well as other cable executives. Reference Link
17:34 EDTGOOGGoogle data shows link between mobile ads, store visits, WSJ says
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14:54 EDTNFLXCiti ups Netflix target on international potential as company eyes China
Citigroup raised its price target for Netflix (NFLX) to $722 and maintained a Buy rating on the stock, citing the company's underappreciated international expansion and declining churn trends. WHAT'S NEW: In a research note, Citigroup analyst Mark May raised his price target on Netflix to $722 from $584, saying that despite the stock's 31% jump since reporting first quarter earnings on April 15, Netflix shares still have room to advance as the company extends its service globally. May believes the U.S. only accounts for 18% of Netflix's total addressable market based on broadband household metrics. Additionally, he thinks subscribership should trend positively as original content grows and churn declines, resulting in a potential 20% U.S. streaming revenue growth in 2016. The firm stated that Netflix's financial model should generate similar operating profits from "most" of the markets it chooses to enter, and that non-English speaking Netflix markets are being significantly undervalued when taking into account their size. Based on Citi's analysis, Japan, Australia, and New Zealand have a $25 implied enterprise value per broadband household, which, at roughly 10% of the U.S. metric, implies "very conservative" assumptions. Citi highlighted that Netflix's current stock price does not account for any additional value from further international launches, which could include Spain, Italy, Portugal, China, Russia, and India. The firm also remains optimistic on subscriber numbers for coming quarters, saying both churn and content offerings are improving at the company. WHAT'S NOTABLE: On May 14, Bloomberg reported that Netflix has held talks with several Chinese media companies, including Wasu Media, backed by Alibaba (BABA) chairman Jack Ma. In response to the report, a Netflix spokesperson remarked that the company plans to be "nearly global" by the end of 2016. PRICE ACTION: Netflix is trading near flat on the day to $622.47.
12:52 EDTDISESPN and StubHub agree to content distribution deal, Variety reports
Disney's (DIS) ESPN has agreed to a content distribution deal with eBay's (EBAY) StubHub, reports Variet. Terms of the deal were not disclosed. ESPN plans to feed scores, team stats and articles to StubHub's app, a feature that will be available in the U.S., the U.K. and Canada. Reference Link
12:44 EDTGOOGGoogle developing tech to run on low-powered devices, The Information says
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10:15 EDTGOOGDISH Sling TV releases app for Android TV
DISH (DISH) confirmed that Sling TV launched its Android TV application for Google’s (GOOG) Nexus Player, available for immediate download in the Google Play Store. New customers can purchase a Nexus Player at a 50% discount when they pre-pay for three months of Sling TV or customers can choose to sample Sling TV on their Nexus Player for seven days at no cost, DISH added.
10:04 EDTCVCHigh option volume stocks
High option volume stocks: MTZ LQD LBTYA AGEN OCR CVC NTAP BBY BRKR VOC
10:04 EDTGOOGDISH bringing Sling TV to Android TV platform, TechCrunch reports
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09:36 EDTNFLXActive equity options trading on open
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09:02 EDTCMCSAComcast, Level 3 announce long-term interconnection agreement
Comcast (CMCSA) and Level 3 Communications (LVLT) announced they have reached a new multi-year, bilateral interconnection agreement as part of a multifaceted arrangement that will help both companies meet their customers’ needs into the next decade and beyond. "The new arrangement builds on the strong working relationship between Comcast and Level 3, and expands on the agreements already in place," said the two companies.
08:15 EDTGOOGSalesforce acquisition still possible, says JMP Securities
After Salesforce reported stronger than expected results, JMP Securities indicated that the results, along with statements by the company's CEO, make an acquisition seem less likely. However, the firm continues to believe that Google (GOOG), Oracle (ORCL), or Microsoft (MSFT) could buy the company. All three potential acquirers have significant cash and strong potential synergies with Salesforce, and the world is moving to the cloud, the firm explained. It raised its price target on Salesforce to $80 from $75 and keeps an Outperform rating on the shares.
07:00 EDTTWCAltice interest in TWC at early stage, NY Times says
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06:23 EDTNFLXNetflix price target raised to $722 from $584 at Citigroup
Citigroup analyst Mark May raised his price target for shares of Netflix to $722 with the stock up 31% since reporting earnings on April 14. After revisiting his valuation analysis, May continues to believe Netflix's international opportunity is underappreciated. The analyst also expects the streaming service's subscriber trends to continue benefiting from lower churn and better content. May maintains a Buy rating on Netflix. The stock closed yesterday up $5.05 to $621.53.
May 20, 2015
16:26 EDTCVC, TWCOn The Fly: Top stock stories for Wednesday
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13:34 EDTVIABViacom boosts quarterly dividend to 40c from 33c
Viacom announced that its board has approved a 21% increase in its quarterly dividend to 40c per share of Class A and B common stock from 33c per share. The increase will take effect beginning with Viacom’s next quarterly dividend, payable on July 1, to stockholders of record at the close of business on June 15. Viacom President and CEO Philippe Dauman said, “Viacom is deeply committed to returning capital directly to our shareholders while investing in high-quality programming, expanding in the U.S. and abroad, and developing new and innovative consumer and advertising initiatives. Our strong balance sheet and substantial cash flow have allowed us to increase our quarterly dividend each year since it was initiated in 2010. We also look forward to resuming our buyback program by October."
13:31 EDTVIABViacom announces 21% increase in quarterly dividend
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12:11 EDTNFLXNetflix to introduce new web interface in June, TechCrunch reports
Netflix is testing a new user interface that does away with its carousels, reports TechCrunch. The company is expected to rollout the new interface on the web to all users worldwide beginning next month. Reference Link
12:01 EDTCVCCablevision calls active as shares at four-year high
Cablevision June 21 and 23 calls are active on total call volume of 8K contracts (1K puts). June call option implied volatility is at 38, July is at 34 compared to its 90-day average of 34. Active call volume suggests traders taking positions for large upside price movement.
10:48 EDTCVCOptions with increasing implied volatility
Options with increasing implied volatility: WETF CVC YHOO NLY
10:23 EDTCVCCablevision rallies sharply, levels to watch
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10:00 EDTTWCOn The Fly: Analyst Initiation Summary
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09:54 EDTCVCCablevision upgraded to Buy from Hold at Pivotal Research
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07:48 EDTTWCAltice could have latitude for TWC deal near $200 per share, says Wunderlich
After The Wall Street Journal and Bloomberg said that Time Warner Cable has received a preliminary approach from Europe's Altice, Wunderlich estimated that TWC is worth $180 on an organic-only basis but that Altice could have latitude for a nominal deal price near $200 per share given the high value of Altice's equity. Applying the same multiple as what Altice just paid for Suddenlink to a deal for TWC yields a $230 takeout price, though this would be a "big reach," the firm added. Wunderlich has a Buy rating and $180 price target on Time Warner Cable shares.
06:28 EDTCMCSA, TWCAltice, Time Warner Cable have held talks about potential deal, Reuters reports
According to a source, Reuters reports that Altice is looking into buying Time Warner Cable (TWC), whose merger with Comcast (CMCSA) fell apart last month. The source says Altice has held talks with Time Warner Cable about a potential deal. Charter (CHTR) is also seeking to potentially buy Time Warner Cable. Reference Link
06:25 EDTGOOGGoogle seeks new partners for next-generation Nexus phones, DigiTimes reports
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05:40 EDTTWC, CMCSATime Warner Cable reinstated with an Equal Weight at Barclays
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05:37 EDTCMCSAComcast reinstated with an Overweight at Barclays
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May 19, 2015
16:53 EDTGOOGGoogle near to launching new web photo service, Bloomberg says
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16:01 EDTNFLXOptions Update; May 19, 2015
iPath S&P 500 VIX Short-Term Futures down 27c to 19.17. Option volume leaders: AAPL BAC WMT MSFT FB TWTR MNKD NFLX T PBR
14:05 EDTGOOGGoogle bringing tweets to Google Search on mobile devices
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11:52 EDTGOOGDepartures raises concerns of Google's commitment to ecommerce, Re/code says
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11:04 EDTNFLXNetflix hits pattern price target
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10:47 EDTGOOGGoogle says 'no sacred cows' in rethink of Glass product, Financial Times says
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09:51 EDTGOOGYelp early strength attributed to talk of buyout
The early move higher in shares of Yelp is being attributed to speculation that Google (GOOG) may have interest in acquiring the online review site. The Wall Street Journal on May 7 reported that Yelp has hired banks to explore a sale. Shares of the company are up $1.05 to $47.61 in early trading.
09:37 EDTNFLXActive equity options trading on open
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08:20 EDTGOOGVerizon CFO sees net phone additions in Q2
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08:11 EDTDISVerizon CFO says customers 'tired of paying for 300 channels'
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07:36 EDTTWC, CMCSAAutomakers to start V2V car rollouts with spectrum at a premium, WSJ says
General Motors' (GM) upcoming Cadillac CTS is the only car firmly scheduled to launch in the U.S. with vehicle-to-vehicle communications, or V2V, but the industry has promised that V2V will revolutionize safety and Cisco (CSCO) joined automakers earlier this month to brief the FCC on plans to test airwave sharing soon, said The Wall Street Journal. However, cable and telecom companies are pressuring carmakers to give up a part of the airwaves marked for V2V to be available for broader use, the report added. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Toyota (TM) and Volkswagen (VLKAY), while cable and telecom companies include Verizon (VZ), AT&T (T), Sprint (S), T-Mobile (TMUS), Comcast (CMCSA), Time Warner Cable (TWC) and Charter (CHTR). Reference Link
06:59 EDTGOOGYouTube Kids app receives complaints of 'inappropriate content', WSJ says
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06:29 EDTCMCSA, DIS21st Century Fox expects to continue investing in TV, Deadline reports
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May 18, 2015
11:47 EDTGOOGAmazon unlikely hurt by Google Buy button in next 3 years, says Piper Jaffray
Piper Jaffray analyst Gene Munster said he does not expect Google's (GOOG) addition of a "Buy" button for mobile e-commerce hurting Amazon.com (AMZN) over the next 1 to 3 years, but he does believe Google's plan presents a longer-term threat to "chip away" at Amazon's growth rate. However, Munster thinks it will be "next to impossible" for Google to replicate Amazon's core infrastructure and customer experience and he keeps an Overweight rating and $475 price target on Amazon shares.
10:24 EDTCMCSAComcast EVP and GM, Video Services Strauss says in 'golden age' of TV
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08:22 EDTGOOGVerizon deal has multiple positive catalysts, says Wells Fargo
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08:06 EDTCMCSAComcast shares attractive at current levels, says Wells Fargo
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07:59 EDTGOOGGoogle Buy button a natural fit for mobile shopping listings, says Baird
Baird noted Google added a Buy button to accompany mobile product listings and believes it will improve the company's e-commerce search competitiveness. Baird reiterated its Outperform rating and $690 price target on Google shares.
07:27 EDTCMCSAJPMorgan to hold a conference
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May 17, 2015
18:56 EDTGOOGGoogle to feature 'buy' button in sponsored search results, WSJ says
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18:31 EDTTWCBanks prepare $25B funding in case of Charter-Time Warner deal, Reuters says
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16:50 EDTGOOGWhite House wavers on backing Google, Oracle in copyright suit, Reuters says
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15:37 EDTCMCSA, DISUniversal's 'Pitch Perfect 2' leads U.S. weekend box office with $70.3M
For the weekend of May 17, Comcast (CMCSA, CMCSK) subsidiary Universal's "Pitch Perfect 2" topped domestic box office charts at $70.3M. Time Warner (TWX) subsidiary Warner Bros.' "Mad Max: Fury Road" landed in second place with $44.4M, while Disney's (DIS) "Avengers: Age Of Ultron" came in third with $38.8M. Warner Bros.' "Hot Pursuit" and Universal's "Furious 7" took fourth and fifth place at $5.8M and $3.6M, respectively. Data gathered by Rentrak.
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