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Stock Market & Financial Investment News

News Breaks
February 20, 2014
08:46 EDTTWC, AAPL, WMT, AMX, NYT, MGM, WYNN, LVS, INTC, BAESY, JNPR, NWSA, DIS, CMCSA, BBRY, BAYRY, NVS, MRK, NOK, CBSOn the Fly: Periodicals Wrap
WSJ: Broadcasters (CBS, NWSA, DIS, CMCSA) get first victory over Aereo in Utah federal court...BlackBerry's (BBRY) BBM app gets renewed attention...REUTERS: Bayer (BAYRY), Novartis (NVS) explore bids for Merck's (MRK) consumer unit...Nokia (NOK) reportedly considering buying Juniper (JNPR), combining it with NSN... BAE Systems (BAESY): U.S. unit close to 'bottoming out' this year...BLOOMBERG: Wal-Mart (WMT) weighs support for minimum wage increase...Slim (AMX) to exercise NY Times Co. (NYT) warrants this year...OTHER NEWS: Macau casino license renewals (MGM, WYNN, LVS) seen going smoothly, South China Morning Post reports... Intel (INTC) CEO says relationship with Apple (AAPL) getting 'closer,' Apple Insider reports...Comcast (CMCSA) confident of Time Warner Cable (TWC) acquisition approval, FT reports.
News For CBS;NWSA;DIS;CMCSA;BBRY;BAYRY;NVS;MRK;NOK;JNPR;BAESY;WMT;AMX;NYT;MGM;WYNN;LVS;INTC;AAPL;TWC From The Last 14 Days
Check below for free stories on CBS;NWSA;DIS;CMCSA;BBRY;BAYRY;NVS;MRK;NOK;JNPR;BAESY;WMT;AMX;NYT;MGM;WYNN;LVS;INTC;AAPL;TWC the last two weeks.
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August 7, 2014
07:38 EDTLVSLas Vegas Sands upgraded to Buy from Hold at Craig-Hallum
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06:43 EDTAAPLApple poaches YSL's Catherine Monier, 9to5Mac reports
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06:19 EDTAAPLMicrosoft in talks to open Fifth Avenue store, Daily News reports
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06:04 EDTINTCStocks with implied volatility below IV index mean; INTC SNDK
Stocks with implied volatility below IV index mean; Intel (INTC) 19, SanDisk (SNDK) 27 according to iVolatility.
06:02 EDTLVSStocks with implied volatility movement; LVS YOKU
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06:02 EDTBBRYFacebook hires former BBM head Bocking to run Internet.org app, Re/code says
Facebook (FB) has hired Andrew Bocking to run its new Internet.org mobile app, reports Re/code. Bocking was previously head of BlackBerry Messenger (BBRY). Reference Link
August 6, 2014
16:01 EDTAAPL, DISOptions Update; August 7, 2014
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13:41 EDTNWSAEarnings Preview: Fox withdraws Time Warner offer prior to Q4 earnings
21st Century Fox (FOXA, FOX) is scheduled to report fourth quarter earnings after the market close on Wednesday, August 6, with a conference call scheduled for 4:30 pm ET. 21st Century Fox is a media company that operates the cable, broadcast, and film assets formerly bundled under the News Corp. (NWSA) umbrella. EXPECTATIONS: Analysts are looking for EPS of 38c on revenue of $7.99B, according to First Call. The consensus range for EPS is 36c-41c on revenue of $7.59B-$8.54B. LAST QUARTER: Fox reported third quarter adjusted EPS of 47c on revenue of $8.22B, which compared to estimates for earnings of 35c on revenue of $7.99B, respectively. Fox reported Q3 cable network revenue of $3.15B and filmed entertainment revenue of $2.28B. Fox reported that its Q3 television revenue was $1.59B. COMPANY NEWS: On June 10, Fox said in a filing that president and COO Chase Carey agreed to a two-year contract extension. On June 16, Both Time Warner (TWX) and Fox confirmed an earlier CNBC report that Time Warner rejected an $80B takeover offer from Fox. Time Warner said it turned down Fox's offer to acquire all of the outstanding shares of the company for a combination of 1.531 of Fox Class A non-voting common shares and $32.42 in cash per share. Time Warner added that its board is confident that continuing to execute its strategic plan will "create significantly more value for the company and its stockholders and is superior to any proposal that Fox is in a position to offer." 21st Century Fox also confirmed that it made a formal proposal to Time Warner, which was rejected, and added that the companies are not currently in any discussions. On August 5, however, Fox announced that it has withdrawn its proposal to acquire Time Warner. Chairman and CEO Rupert Murdoch commented: "We viewed a combination with Time Warner as a unique opportunity to bring together two great companies, each with celebrated content and brands. Our proposal had significant strategic merit and compelling financial rationale and our approach had always been friendly. However, Time Warner management and its Board refused to engage with us to explore an offer which was highly compelling. Additionally, the reaction in our share price since our proposal was made undervalues our stock and makes the transaction unattractive to Fox shareholders. These factors, coupled with our commitment to be both disciplined in our approach to the combination and focused on delivering value for the Fox shareholders, has led us to withdraw our offer." On July 25, Fox announced that it transferred Sky Italia and its 57.4% interest in Sky Deutschland to BSkyB to create a pan-European digital television leader through the combination of these assets. In exchange for the transfer, Fox will receive approximately $9.3B in value from BSkyB comprised of approximately $8.6B in cash and BSkyBís 21% interest in National Geographic Channels International, raising Foxís ownership stake to 73%. In addition, Fox participated in BSkyBís announced equity offering by purchasing approximately $900M of additional shares in BSkyB to maintain the companyís 39.1% ownership interest. The net, after-tax cash proceeds to be received by Fox upon completion of all the elements of this transaction approximated $7.2B. STREET RESEARCH: Wall Street research had been quiet on Fox during the quarter. On July 1, Goldman Sachs downgraded Fox to Buy from Conviction Buy after cutting its rating on the U.S. Entertainment sector to Neutral from Attractive. Right after the company confirmed its Time Warner takeover offer, ISI Group downgraded Fox to Buy from Strong Buy and removed shares from the Top Picks list following news of its buyout bid for the firm. Cowen downgraded Fox to Market Perform from Outperform on July 23. PRICE ACTION: Since the first day of trade following its Q3 report, shares of Fox are roughly unchanged. In afternoon trading ahead of its Q4 report, Fox is up more than 4.6%.
13:12 EDTCMCSAAT&T mulls buying CSN Houston, Bloomberg says
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13:01 EDTDISCharter, ESPN sign distribution agreement for SEC Network
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09:36 EDTAAPLActive equity options trading on open
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09:18 EDTDISDisney price target raised to $105 from $94 at BofA/Merrill
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09:13 EDTDISDisney price target raised to $96 from $90 at BMO Capital
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08:44 EDTAAPLApple products excluded from Chinese government procurement list, Bloomberg says
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08:21 EDTBBRYBlackBerry receives new government approval for Secure Work Space
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07:55 EDTWMTWal-Mart International chief prioritizing China, Brazil, e-commerce, WSJ reports
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07:47 EDTWMTRetailers pare store openings as shopper visits slide, WSJ says
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06:43 EDTDISDisney price target raised to $100 from $90 at JPMorgan
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06:09 EDTAAPLApple, Samsung to drop all litigation outside U.S., Re/code reports
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06:00 EDTINTCStocks with implied volatility below IV index mean; INTC SNDK
Stocks with implied volatility below IV index mean; Intel (INTC) 19, SanDisk (SNDK) 27 according to iVolatility.
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