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Stock Market & Financial Investment News

News Breaks
July 12, 2013
06:02 EDTVZ, T, CHTR, CVC, TWC, CMCSA, LMCACharter's Rutledge, Liberty's Malone back cable industry consolidation, WSJ says
Several months ago, as Liberty Media's (LMCA) John Malone invested in Tom Rutledge's Charter Communications (CHTR), the deal set in motion an effort by the two men to spark consolidation in the nearly $100B U.S. cable industry. Persuading rivals to join forces won't be easy, reports the Wall Street Journal.Reference Link
News For CHTR;LMCA;TWC;T;CMCSA;CVC;VZ From The Last 14 Days
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April 17, 2015
14:37 EDTCMCSAComcast announces 2 Gigabit residential service In California
Comcast announced it will launch Extreme 250, a new 250 Mbps Internet speed tier for California customers. The company also will increase its Performance tier from 50 Mbps to 75 Mbps and its Blast tier from 105 Mbps to 150 Mbps, both at no additional cost to customers. These changes will all go into effect starting in May and continue throughout the year. Gigabit Pro will be available to homes within close proximity of Comcast's fiber network and will require installation of professional-grade equipment. Comcast first announced Gigabit Pro in Atlanta earlier this month.
14:09 EDTCMCSA, TWCTime Warner Cable options active on report says DOJ leaning toward lawsuit
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14:06 EDTLMCA, CHTR, TWC, CMCSADOJ lawyers leaning toward suit to block Comcast-TWC deal, Bloomberg says
Lawyers at the Justice Departmentís antitrust division are leaning toward making a recommendation to file suit to block Comcastís (CMCSA) proposed purchase of Time Warner Cable (TWC), according to Bloomberg, citing people familiar with the matter. Staff attorneys could submit their review to Renata Hesse, a deputy assistant attorney general for antitrust, as soon as next week, the report added. John Malone, the chairman of Liberty Media (LMCA), has previously said that Charter Communications (CHTR) would look to buy Time Warner Cable if its deal with Comcast falls through. Shares of Comcast are down 2.6% to $58.11 in afternoon trading after Bloomberg's report, while Time Warner Cable shares are down 5.6% to $149.30. Reference Link
14:00 EDTCMCSA, TWCTime Warner Cable drops 5.5% after Bloomberg says DOJ leaning toward lawsuit
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13:57 EDTTWC, CMCSADOJ close to recommending suit to block Comcast-TWC deal, Bloomberg says
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12:21 EDTVZOn The Fly: Top stock stories at midday
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06:17 EDTVZ, CMCSAVerizon to offer monthly custom TV plans, Reuters reports
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April 15, 2015
18:36 EDTCMCSA, TWCNetflix CEO says company looking for FCC to block Comcast/Time Warner deal
Netflix (NFLX) CEO Reed Hastings reiterated that the FCC should block the Comcast (CMCSA) and Time Warner Cable (TWC) merger. Comment provided during Q1 earnings interview.
10:36 EDTTWCBofA/Merrill U.S. credit analysts hold an analyst/industry conference call
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09:47 EDTCMCSAComcast price target raised to $84 from $70 at BofA/Merrill
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06:46 EDTTAT&T files lawsuit to challenge net neutrality order, WSJ says
AT&T filed a lawsuit to overturn the FCC's net neutrality order to reclassify the internet as a telecommunications service, reports the Wall Street Journal. The move is surprising, as AT&T didn't join in prior suits, the Journal adds. Reference Link
April 14, 2015
12:40 EDTTPCTEL lowers FY15 revenue to $124M-$130M from $133M-$138M, two estimates $130M
Following its March 5 acquisition of Nexgen Wireless, PCTEL (PCTI) reported in a regulatory filing earlier that on April 7, Samsung Electronics America, a Samsung (SSNLF) subsidiary, provided Nexgen and PCTEL with a notice of Samsungís election to terminate, effective April 30, the contractor services agreement between Samsung and Nexgen. Nexgen furnishes services to Samsung under the CSA including Meridian software-based services and contract personnel. The termination applies to the CSA only and will have no effect on other agreements between Samsung and Nexgen or PCTEL. The company continues to forecast 15%-18% revenue growth over FY14 and views the Nexgen acquisition as accretive to earnings in FY15. The company has revised its overall revenue forecast for FY15 in light of reduced business with Samsung, the reduction in capital spending by AT&T (T), and a decline in new network infrastructure investment in the oil and gas market. The company has revised revenue guidance from $133M-$138M to $124M-$130M. Finally, the company and Nexgen have signed a term sheet calling for a material reduction of the total consideration paid or payable by PCTEL for the Nexgen assets, and a material reduction of the equity compensation for which John Thakkar, the founder and president of Nexgen, will be eligible. These reductions seek to align the asset acquisition costs with the revised revenue and EBITDA estimates.
07:13 EDTLMCALiberty Media management to meet with UBS
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07:06 EDTCHTRARRIS and Charter establish JV, to acquire ActiveVideo for $135M
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05:51 EDTCMCSANBCUniversal teams with Germany, France broadcasters to create shows, WSJ says
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April 13, 2015
20:16 EDTVZ, TUSTelecom files net neutrality lawsuit against FCC
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08:56 EDTTWC, CMCSACPUC Commissioner asking for Comcast deal to be rejected, CT Financial News says
California Public Utilities Commissioner Mike Florio filed an alternate proposed decision on the planned merger of Comcast (CMCSA) and Time Warner Cable (TWC) that, in effect, asks the other four commissioners to reject a preliminary approval of the merger issued by a CPUC administrative law that included 25 conditions that Comcast must agree to in order to secure the pact, said CT Financial News. Reference Link
07:22 EDTCHTR, CMCSA, LMCA, TWCWave of media M&A may be on the way, WSJ says
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07:16 EDTVZTechWeek to hold a conference
TechWeek Detroit 2015 is being held in Detroit on 4/13-19.
07:12 EDTLMCALiberty Media management to meet with UBS
Meeting to be held in Paris on April 13 hosted by UBS.
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