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Stock Market & Financial Investment News

News Breaks
January 15, 2014
06:22 EDTCHTR, TWCCharter attacks Time Warner Cable, says management a failure, Reuters reports
Charter Communications (CHTR) attacked Time Warner Cable (TWC), saying the company's executives "failed" as Charter attempted to rally investors to accept its bid, reports Reuters. In Charter' view, its management is better prepared to lead a turnaround of its rival.Reference Link
News For CHTR;TWC From The Last 14 Days
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October 30, 2014
08:40 EDTTWCTime Warner Cable says has full complimentary products to serve mid-market
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08:36 EDTTWCTime Warner Cable remains confident merger with Comcast to close in early 2015
The company says regulatory approval process is on going as expected, albeit slow. Comments taken form Q3 earnings conference call.
08:30 EDTTWCTime Warner Cable reports Q3 Single Play subscribers up 23K additions
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06:47 EDTTWCTime Warner Cable reports Q3 Business Services revenue $724M
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06:47 EDTTWCTime Warner Cable reports Q3 Residential Services revenue $4.62B
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06:46 EDTTWCTime Warner Cable reports Q3 ARPU up 1.4% to $106.58
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06:12 EDTTWCTime Warner Cable reports Q3 adjusted EPS $1.86, consensus $1.91
Reports Q3 revenue $5.71B, consensus $5.75B
October 29, 2014
15:41 EDTTWCNotable companies reporting before tomorrow's open
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07:50 EDTCHTRCharter sees FY14 CapEx $2.2B
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07:50 EDTCHTRCharter reports residential customer relationships up 4.9% in last 12 months
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07:50 EDTCHTRCharter reports Q3 EPS (49c), consensus 7c
Reports Q3 revenue $2.29B, consensus $2.29B
October 27, 2014
06:30 EDTTWCCritics say Comcast acquisition could be blocked, Re/code reports
Critics of Comcast's (CMCSA) proposed acquisition of Time Warner Cable (TWC) "sound cautiously optimistic" that Comcast will have to comply with strict conditions following the deal, or the transaction will be blocked completely, according to Re/code. Among the reasons for this belief are the large number of complaints made by consumers about the deal, and evidence that the FCC is worried about the lack of competition in the national residential broadband market, the website stated. Reference Link
October 22, 2014
13:06 EDTTWCEarnings Preview: Comcast reporting Q3 results as Time Warner deal progressing
Comcast (CMCSA, CMCSK) is set to report third quarter earnings before the market open on Thursday, October 23, with a conference call scheduled for 8:30 am ET. Comcast is a diversified media company that operates the NBC family of networks and Universal Pictures, among other cable, internet, and voice services. On February 13, Comcast announced plans to merge with Time Warner Cable (TWC) in a deal valued at $45.2B. EXPECTATIONS: Analysts are looking for earnings per share of 71c on revenue of $16.82B, according to First Call. The consensus range for EPS is 64c-76c on revenue of $16.5B-$17.17B. LAST QUARTER: Comcast reported second quarter EPS of 75c against estimates for 72c, on revenue of $16.84B against estimates for $16.95B. TIME WARNER CABLE DEAL: On August 17, The Wall Street Journal reported that the Federal Communications Commission said that one issue it must decide as it reviewed the proposed acquisition of Time Warner Cable is whether to allow Comcast to continue Time Warner Cable's arrangement to handle programming and technology acquisitions for cable operator Bright House Networks. On August 26, Engadget reported that Netflix (NFLX) filed a formal protest against the Time Warner Cable deal, saying that the merger would result in "serious public interest harm" and that a combined cable giant would have a huge amount of leverage over it and rivals such as Hulu. Hulu is a joint venture owned by Comcast along with Disney (DIS) and 21st Century Fox (FOX,FOXA). The New York Post reported on September 8 that Discovery (DISCA) believed Comcast's takeover of Time Warner Cable would give the merged entity an unfair advantage over programmers. That same day, Reuters said a proxy statement detailed that Time Warner Cable employees would split $416M if the merger deal with Comcast did not transpire. At the Goldman Sachs Communacopia Conference on September 10, Comcast said that it has made "a lot of progress" on the shareholder approval process for the Time Warner Cable deal, but expected the agreement to be finalized in early fiscal year 2015 versus the previous guidance of late 2014. The company expects the Time Warner Cable merger to generate $1.5B in operating expense synergies. On September 16, Comcast said at the Media, Communications and Entertainment Conference that it would reveal its capital plan at the close of the Time Warner Cable deal and noted at that time that "everything was on track" regarding the merger. The Wall Street Journal reported on September 30 that the FCC pushed for media companies to submit details of their programming agreements with Comcast prior to the Time Warner Cable deal. The FCC announced three days later that it extended time for the companies to file their replies on Comcast regarding the merger. On October 8, Comcast Shareholders approved stock issuance for the Time Warner Cable deal and the next day, Time Warner Cable stockholders approved the Comcast merger deal. STREET RESEARCH: Analysts remained fairly quiet on Comcast throughout the quarter. On September 9, UBS raised its price target on Comcast to $72 from $60 given its strong underlying fundamentals and the expected free cash flow accretion from the Time Warner Cable deal. The firm also said it expected Comcast to accelerate its stock buyback and increase its dividend. UBS kept its Buy rating on the stock. On October 17, Goldman Sachs said that Comcast was its top large cap pick into the earnings report given steady fundamentals, moderated expectations, and valuation. The firm maintained the stock with a Buy rating and a $64 price target. PRICE ACTION: Since the first day of trade following its Q2 report on July 22, shares of Comcast are down about 3.5%. Since it announced its deal with Time Warner Cable on February 13, shares of the media company have fallen just under 6%. In late-morning trade ahead of tomorrow’s Q3 report, shares of Comcast are down fractionally.
11:12 EDTTWCFCC stops 'informal clock' for review of AT&T, Comcast proposed deals
Federal Communications Commission disclosed in a notice on its website that a number of commenters filed a motion for an extension of time to file replies in Docket 14-57, which is the review of the application of Comcast (CMCSA) for approval of its proposed acquisition of Time Warner Cable (TWC). Among other points, the commenters argue that certain third-party programmers “do not want any of the interested parties’ outside counsel or experts to view [their programming contracts],” the FCC noted. "We agree with these commenters that their current inability to review Highly Confidential Information that has been submitted in these dockets significantly hampers their ability to meaningfully comment and participate in these proceedings, in both Docket 14-57 and Docket 14-90. Accordingly, we are suspending the pleading cycles and stopping our 180-day informal time clock in both dockets," the FCC stated. Docket 14-90 refers to AT&T's (T) proposed purchase of DIRECTV (DTV). Reference Link
October 21, 2014
11:57 EDTCHTRCharter recommended as long idea by Chopra, Bloomberg reports
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11:15 EDTTWCHigh option volume stocks
High option volume stocks: DBA TUP CRI FCG TWC PLL ACM XRS RAI AMTD
10:01 EDTTWCTime Warner Cable rolls out Enhanced DVR set-top box
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10:00 EDTCHTROn The Fly: Analyst Upgrade Summary
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07:00 EDTCHTRCharter upgraded to Outperform from Neutral at Macquarie
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October 17, 2014
08:00 EDTTWC, CHTRHBO may have fight with cable operators over OTT service price, Reuters says
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