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Stock Market & Financial Investment News

News For DIS;TWC;CVC;CMCSA;VZ From The Last 14 Days
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May 15, 2015
16:21 EDTVZStocks end week little changed as data, deals offset bond yield jumps
Stocks ended the week little changed as a number of M&A deals and a few relatively strong economic data points offset worries about rising bond yields. MACRO NEWS: U.S. weekly jobless claims came in better than expected and reached the lowest four-week average level in 15 years... In Europe, the combined GDP of the 19 eurozone countries grew 0.4% in the first quarter, which was a bit weaker than the 0.5% consensus growth forecast but a pickup from the 0.3% growth pace of the final quarter of last year. Of note, all four of the euro zone's largest economies recorded growth in the same quarter for the first time since the first half of 2010... The People's Bank of China reduced its one year interest rate by 0.25%, marking the third time in the last six months that the central bank has cut benchmark rates... Bond yields surged in many of the world's largest economies, raising worries about inflation and putting pressure on stocks in the beginning of the week. COMPANY NEWS: There was a significant amount of M&A activity again this week, with the headliner being Verizon's (VZ) deal to acquire AOL (AOL) for $50 per share in a transaction valued at $4.4B. Danaher (DHR) agreed to buy purification technologies supplier Pall Corporation (PLL) for $127.20 per share in cash. Danaher also announced that it plans to split itself into two publicly traded companies. Energy infrastructure company Williams (WMB) announced a simplification deal to buy its affiliate Williams Partners (WPZ) for $13.9B in an all-stock transaction. Energy exploration company Noble Energy (NBL) agreed to acquire Rosetta Resources (ROSE) in an all-stock deal. Noble is buying Rosetta for $2.1B in stock plus the assumption of Rosetta's net debt of $1.8B... Alibaba (BABA) acquired a 9.3% stake in Zulily (ZU), an e-commerce retailer geared toward women. A person familiar with the matter reportedly told the Wall Street Journal that the Chinese e-commerce giant is not pursuing an outright acquisition of the U.S. company, however... Shares of Netflix (NFLX) jumped Friday and hit a new all-time high after Bloomberg reported that the company is in talks with Wasu Media, a Chinese media company backed by Alibaba Executive Chairman Jack Ma, about forming a partnership to bring its content to China... Nelson Peltz's Trian Fund Management lost its proxy fight with DuPont (DD) as Trian did not succeed in getting its nominees elected to the DuPont board. INDEXES: For the week, the Dow rose 0.45% to 18,272.56, the Nasdaq gained 0.89% to 5,048.29, and the S&P 500 climbed 0.31% to 2,122.73.
08:46 EDTVZMobile operators ad blocking plan sets up fight with Google, FT reports
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06:49 EDTCMCSAComcast giving NBCUniversal access to viewer data, NY Post says
Comcast is going to share viewer data collected by set-top boxes to NBCUniversal, which will be added to NBCUniversal's Audience Targeting Platform, reports the NY Post, citing NBCUniversal's head of advertising sales and client partnerships, Linda Yaccarino. Reference Link
May 14, 2015
14:46 EDTDISDisney CEO Robert Iger reports sale of ~291K shares of stock
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06:07 EDTVZAOL CEO could net almost $180M in company sale to Verizon, WSJ reports
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06:06 EDTVZDISH plans to enter wireless business, Yahoo reports
DISH (DISH) plans to enter the wireless business in an attempt to become the only provider to offer wireless voice, video and data services, Adam Samson of Yahoo Finance reports, citing an internal document. The document, marked confidential, obtained by Yahoo indicates Dish is looking to hire a chief marketing officer to help guide its move into the wireless space, Samson adds. The move comes after DISH acquired nearly half of the spectrum licenses offered in a U.S. government auction. The top U.S. wireless providers are Verizon (VZ), AT&T (T), T-Mobile (TMUS) and Sprint (S). Reference Link
05:34 EDTVZAOL downgraded to Neutral from Buy at UBS
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May 13, 2015
12:01 EDTCMCSAAT&T to offer Hulu subscription streaming service to customers
AT&T (T) and Hulu (DIS, CMCSA, FOXA) have signed a deal that will bring the Hulu subscription streaming service to AT&T customers through AT&T's websites and mobile applications. AT&T customers will be able to browse Hulu programs and select the shows they want to watch through an AT&T app for mobile device viewing or an AT&T website for Internet viewing. Combined with a leading TV Everywhere catalog, AT&T customers subscribing to Hulu will have one of the best selections available of current and past season full episodes. AT&T and Hulu also are exploring the possibility of bringing a Hulu app to TV. This offering will become available to AT&T customers later this year. The expanded relationship with Hulu complements AT&T's other over-the-top initiatives, including Otter Media.
11:41 EDTDISDisney CFO says gas prices have 'zero bearing' on park attendance
Disney CFO Jay Rasulo is speaking at the MoffettNathanson Media & Communications Summit.
11:18 EDTCMCSAComcast sees giving away 6M voice remotes, Hollywood Reporter says
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10:04 EDTVZVerizon's strategic policy adviser Randy Milch to retire
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09:33 EDTCMCSAComcast CEO says 'probably did more licensing than anybody' since buying NBC
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09:24 EDTTWC, CMCSAComcast CEO says does not 'feel need to rush' to pursue other merger deals
Comcast (CMCSA) CEO Brian Roberts is speaking at the MoffettNathanson Research conference regarding the company's scrapped deal to buy Time Warner Cable (TWC).
07:18 EDTVZAOL downgraded to Hold from Buy at Deutsche Bank
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07:16 EDTVZ, TWC, CMCSAMoffett Nathanson to hold a summit
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06:55 EDTVZ, CMCSAInsiders speculate bidding war to erupt over AOL, Business Insider reports
The consensus speculation from investment bankers, hedge fund traders and people close to AOL (AOL) is that another company will emerge and offer a price for AOL that is higher than $50 per share, reports Business Insider. The potential suitors include Time Warner (TWX), Comcast (CMCSA), Yahoo (YHOO), Alibaba (BABA), Softbank (SFTBF), AT&T (T), Netflix (NFLX) and Apple (AAPL). Reference Link
06:22 EDTCMCSAFacebook introduces Instant Articles, says working with nine launch partners
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05:53 EDTVZAOL CEO: AOL staying in content business, not selling TechCrunch, TC reports
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05:38 EDTDISAlibaba announces partnership with Disney
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05:28 EDTVZAOL upgraded to Neutral from Sell at Goldman
Goldman Sachs upgraded AOL (AOL) to Neutral after Verizon (VZ) agreed to acquire the company for $50 per share. Goldman raised its price target for shares to $44 from $38.
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