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Stock Market & Financial Investment News

News Breaks
May 21, 2014
11:35 EDTHMSY, PHH, CAH, CBS, SNEHigh option volume stocks: CBS SNE HMSY PHH CAH
News For CBS;SNE;HMSY;PHH;CAH From The Last 14 Days
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October 16, 2014
10:49 EDTCBSCBS likely to launch Showtime OTT service in 2015, says Piper Jaffray
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09:57 EDTCBSCBS All Access not meant to be a disrupter to eco-system, says Wells Fargo
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09:18 EDTCBSMoonves: Showtime standalone service in 'not too distant future,' NY Times says
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09:09 EDTCBSCBS announces launch of stand-alone web subscription service
CBS announced the launch of CBS All Access, a new digital subscription video on demand and Nielsen-measured live streaming service for the CBS Television Network. CBS All Access will offer subscribers thousands of episodes from the current season, previous seasons and classic shows on demand, as well as the ability to stream local CBS Television stations live in 14 of the largest U.S. markets at launch. CBS All Access is available beginning today at CBS.com and on mobile devices through the CBS App for iOS and Android. CBS All Access will cost $5.99 per month.
07:48 EDTSNESony must decide quickly what to do with smartphone strategy, Nikkei says
Sony's (SNE) "One Sony" strategy is built around providing contents to consumers and smartphones are one of three pillars it sees for growth, but the strategy is "on the brink of collapse" as the company falls behind Apple (AAPL) and Chinese rivals, according to the Nikkei Asian Review. Sony officials are debating whether smartphone operations in Asia should be downsized and whether cutting 1,000 jobs, or 15% of its mobile communications workforce, would be warranted, according to the report. Reference Link
06:03 EDTCBSStocks with implied volatility above IV index mean; AFSI CBS
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October 15, 2014
12:58 EDTSNESony has 40% upside potential, Barron's reports
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06:15 EDTCBSCBS upgraded to Buy from Neutral at Citigroup
Citigroup upgraded its rating on CBS (CBS) to Buy citing a compelling risk/reward profile following the recent pullback in shares. Citi believes investor concerns over a softer advertising market and potential renegotiations of retransmission fees are warranted. The firm, however, sees upside from current share levels. It lowered its price target for CBS to $60 from $64. The stock closed yesterday up $1.02 to $49.93.
October 14, 2014
07:23 EDTCBSCBS more attractive than Disney, says Wells Fargo
Among media and cable stocks, Wells Fargo sees the least risk and most reward potential in CBS (CBS). The firm sees the least reward potential and most risk in Disney (DIS). The firm believes that the market is overestimating the ad declines for CBS, and it thinks that CBS' stock may have finally bottomed. Disney has a relatively expensive valuation and tough comps, added Wells Fargo, which keeps Outperform ratings on both stocks.
October 13, 2014
09:06 EDTCBSNetflix, CBS sign distribution deal in Europe, Hollywood Reporter says
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07:37 EDTCAHAmerican Society of Anesthesiologists to hold annual meeting
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07:22 EDTSNESony/ATV could ditch licensing firms due to streaming dollars, NY Post reports
Sony/ATV Music Publishing (SNE) is considering no longer dealing with performance rights groups BMI and ASCP, and instead negotiating directly with online music services like Pandora (P), YouTube (GOOG) and Spotify due to outdated rules and low royalties, the New York Post reports. Reference Link
07:07 EDTCBSCBS sell-off brings 'interesting' entry point, says Piper Jaffray
Piper Jaffray says the recent pullback in shares of CBS provides an "interesting" entry point with the new broadcast season showing promise. Piper sees upside to 2015 consensus estimates and keeps an Overweight rating on CBS with a $75 price target.
October 10, 2014
13:17 EDTCBSNielsen to restate some TV rating due to software glitch, Variety reports
Nielsen (NLSN) acknowledged it uncovered a software error on October 6 that had resulted in TV ratings being allocated incorrectly among broadcast and syndication programming since March 2 and that it would restate the ratings accordingly to fix the errors, reported Variety. The company said 98% to 99% of ratings would not be affected by more than .05 of a ratings point and a person familiar with the situation said some TV networks have an expectation that some of their new fall programming will see a very slight uplift due to the restatement, the report noted. The big four broadcast networks are operated by CBS (CBS), Comcast (CMCSA), Disney (DIS) and 21st Century Fox (FOXA). Reference Link
07:04 EDTSNEAmazon in talks to join digital locker for movies. WSJ reports
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October 9, 2014
09:01 EDTSNESony moves step further toward sale of PS4 in China, WSJ says
Sony (SNE), which seeks to join Microsoft (MSFT) in selling video game consoles in China, may see a partner company start packaging its consoles in the nation in December, said The Wall Street Journal, citing a filing posted by a Sony local partner on the official website of Shanghai’s free-trade zone. A Sony spokesperson said the facility's ability to package 200,000 consoles a year, which was communicated in the filing, does not represent an actual business plan and declined to comment further on Sony’s plans. Reference Link
08:53 EDTSNEAbout 1,000 workers went on strike for several hours at Foxconn plant, WSJ says
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06:31 EDTSNEFiling says Sony to begin console packaging in China, Bloomberg says
A filing on the website of the China Pilot Free Trade Zone said that Sony (SNE) is aiming to begin packaging over 200K new video game consoles starting in December in China, according to Bloomberg, citing the filing which was verified as authentic by a spokesman for Sony Computer Entertainment. The company is looking to accumulate sales in the country as the end of a 14-year ban on the devices approaches. Microsoft (MSFT) already began selling Xbox Ones in China. Reference Link
06:29 EDTSNEIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link
06:26 EDTSNEMIC: Taiwan smartphone shipments surpasses 5.4M in Q3, DigiTimes says
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