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Stock Market & Financial Investment News

News For CMCSA;CVC;TWC;VZ From The Last 14 Days
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April 27, 2015
11:50 EDTTWC, CMCSAFuture of Comcast chief in question as contract nears end, NY Post reports
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11:37 EDTVZESPN files breach of contract suit against Verizon, Re/code reports
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08:14 EDTVZ, CVC, TWC, CMCSABofA/Merrill media & telecom analysts hold analyst/industry conference call
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07:13 EDTVZUBM Tech to hold a conference
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05:56 EDTTWCStocks with implied volatility movement; VALE TWC
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April 26, 2015
17:05 EDTCMCSAUniversal's 'Furious 7' leads U.S. weekend box office with $18.3M
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April 24, 2015
16:31 EDTCMCSA, TWCStocks finish week higher following strong tech earnings
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16:19 EDTTWC, CMCSAOn The Fly: Top stock stories for Friday
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14:28 EDTCMCSA, TWCCharter seeks talks with TWC about 'friendly' merger, Bloomberg reports
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14:14 EDTTWC, CMCSATWC jumps after Bloomberg says Charter made approach
Shares of Time Warner Cable (TWC) are moving higher after Bloomberg reported that Charter Communications (CHTR) has already reached out to the cable giant to discuss a potential merger. Shares of TWC are up $7.07 to $155.83 while Charter shares are up $2.48 to $186.06. Comcast (CMCSA) today ended its bid to acquire TWC due to regulatory concerns.
14:10 EDTTWCCharter approaching banks for TWC deal financing, Bloomberg reports
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13:13 EDTTWCTime Warner Cable reinstated with a Buy at BofA/Merrill
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12:49 EDTTWC, CMCSAOn The Fly: Top stock stories at midday
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12:16 EDTTWC, CMCSATWC expected to want $170/share or more in deal, CNBC's Faber reports
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11:03 EDTCMCSA, TWCDISH says Comcast, TWC merger termination 'best possible outcome'
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10:00 EDTCVCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AT&T (T) upgraded to Outperform from Neutral at Macquarie... Alaska Air (ALK) upgraded to Buy from Neutral at Buckingham... Amazon.com (AMZN) upgraded at Raymond James... American Electric (AEP) upgraded to Buy from Hold at Deutsche Bank... Broadridge (BR) upgraded to Buy from Hold at Evercore ISI... Cablevision (CVC) upgraded to Hold from Sell at Brean Capital... Cisco (CSCO) upgraded to Conviction Buy from Buy at Goldman... Core Laboratories (CLB) upgraded to Outperform from Sector Perform at Iberia... Crown Castle (CCI) upgraded to Outperform from Market Perform at Raymond James... Encore Wire (WIRE) upgraded to Buy from Neutral at Sidoti... Gigamon (GIMO) upgraded to Buy from Neutral at DA Davidson... Juniper (JNPR) upgraded on improved outlook at RBC Capital... KPN (KKPNY) upgraded to Buy from Neutral at Goldman... Knight Transportation (KNX) upgraded to Outperform from Market Perform at Avondale... Mattel (MAT) upgraded to Buy from Neutral at Goldman... Microsoft (MSFT) upgraded to Buy from Neutral at Nomura... Premiere Global (PGI) upgraded to Outperform from Market Perform at Raymond James... Quintiles (Q) upgraded to Buy from Hold at Jefferies... Southwestern Energy (SWN) upgraded to Market Perform at Raymond James... TE Connectivity (TEL) upgraded on positive catalysts at SunTrust... Target (TGT) upgraded to Buy from Neutral at BofA/Merrill... TriState Capital (TSC) upgraded to Overweight from Equal Weight at Stephens... United Continental (UAL) upgraded to Buy from Hold at Evercore ISI... Vipshop (VIPS) upgraded to Buy from Hold at HSBC... Vocera (VCRA) upgraded to Buy from Hold at Craig-Hallum.
09:48 EDTCMCSA, TWCCharter unlikely to go hostile on Time Warner Cable, CNBC's Faber says
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08:57 EDTCMCSA, TWCAG Holder says Comcast abandoning deal 'best outcome for American consumers'
Comcast (CMCSA) abandoned its plans to acquire Time Warner Cable (TWC) for approximately $45.2B after the Department of Justice informed the companies that it had significant concerns that the merger would make Comcast an unavoidable gatekeeper for Internet-based services that rely on a broadband connection to reach consumers, the DOJ announced. "The companies' decision to abandon this deal is the best outcome for American consumers," said Attorney General Eric Holder. "The Antitrust Division of the United States Department of Justice has demonstrated, time and again, that it can and will defend the interests of the American consumer no matter the complexity of the issue or the size of the opponent. This is a victory not only for the Department of Justice, but also for providers of content and streaming services who work to bring innovative products to consumers across America and around the world."
08:51 EDTCMCSAComcast CEO says 'not speculating in any way' on other potential deals
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08:49 EDTTWC, CMCSAComcast CEO says may be room for more buyback after deal termination
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08:37 EDTTWC, CMCSAComcast up 0.5%, Time Warner Cable down 0.5% after confirming deals terminated
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08:36 EDTCMCSA, TWCTime Warner Cable CEO Marcus says company 'strong and getting stronger'
08:35 EDTCMCSA, TWCTime Warner Cable says company, Comcast 'mutually agreed' to terminate merger
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08:34 EDTCMCSA, TWCComcast CEO Roberts says 'excited for what's next'
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08:34 EDTTWC, CMCSAComcast: Merger with Time Warner Cable, deal with Charter terminated
08:33 EDTTWC, CMCSAComcast says 'structured deal so if government didn't agree, we could walk away'
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08:33 EDTTWC, CMCSAComcast says Time Warner Cable transaction has been terminated
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08:32 EDTCMCSA, TWCComcast says Time Warner Cable transaction has been terminated
07:55 EDTCVCCablevision upgraded to Hold from Sell at Brean Capital
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07:18 EDTCMCSA, TWCCharter could buy Time Warner Cable, says RBC Capital
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06:50 EDTCMCSA, VZDisney, Fox refuse to run FiOS commercials, NY Times says
Disney (DIS) and 21st Century Fox (FOXA) are refusing to run commercials for Verizon (VZ) FiOS' slimmed down, a la carte package on a number of their stations, according to The New York Times. Disney, Fox and Comcast (CMCSA) have objected to FiOS' new offering, the news service stated. Reference Link
06:08 EDTCMCSA, TWCComcast faced intense scrutiny from FCC, DOJ in Time Warner Cable deal, WSJ says
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06:04 EDTCMCSA, TWCCharter's deal to buy Bright House 'off the table,' NY Post reports
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April 23, 2015
19:41 EDTCVCCablevision announces 'cord cutter package,' includes option for HBO Now
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19:28 EDTCMCSA, TWCComcast to make statement about merger withdrawal Friday, Financial Times says
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16:49 EDTTWC, CMCSAOn The Fly: Top stock stories for Thursday
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15:41 EDTCMCSA, TWCFaber says Comcast to drop deal for Time Warner Cable, CNBC reports
CNBC's David Faber is confirming a similar report from Bloomberg earlier that said Comcast (CMCSA) plans to drop its plans to buy Time Warner Cable (TWC).
15:13 EDTCVCCablevision May volatility elevated into Q1 and outlook
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15:12 EDTTWC, CMCSAComcast plans to give up on Time Warner Cable deal, Bloomberg reports
Comcast (CMCSA) plans to scrap its proposed acquisition of Time Warner Cable (TWC) amid indications that the deal is unlikely to be approved by regulators, reported Bloomberg, citing people with knowledge of the matter. An announcement regarding the deal may come as soon as tomorrow, one of the people reportedly told Bloomberg. In afternoon trading, Comcast shares are up 2.4% to $60.15, Time Warner Cable shares are up 0.6% and shares of Charter (CHTR), which has expressed interest in buying TWC if the deal gets scrapped, are up 0.4% to $185.65. Reference Link
15:02 EDTTWC, CMCSAComcast said to plan final decision today on TWC deal, Blooomberg says
15:01 EDTCMCSA, TWCTime Warner Cable down 1% after Bloomberg says Comcast plans to drop deal
14:59 EDTCMCSA, TWCComcast said to plan to give up on Time Warner Cable deal, Bloomberg says
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13:01 EDTTWC, CMCSAOn The Fly: Top stock stories at midday
Stocks on Wall Street were higher at midday amid another deluge of earnings reports. Stocks began the session in negative territory and have remained there through the morning before crossing into positive ground right near noon. The averages gapped up after making it back to the green, putting the Nasdaq back above the all-time closing record it achieved in 2000. A question for the afternoon will be whether the average can hold on to set a new all-time closing high fifteen years later. ECONOMIC EVENTS: In the U.S., initial jobless claims inched up 1K to 295K in the week ended April 18, versus the expected 287K first-time claims. Markit's flash manufacturing PMI fell 1.5 points to 54.2 in April, versus expectations for it to hold steady at 55.7. New home sales dropped 11.4% to a 481K rate in March, versus expectations for a less severe 4.5% drop to a 515K rate. COMPANY NEWS: Shares of Time Warner Cable (TWC) slid about 1% after The Wall Street Journal reported that the FCC's staff recommended a course of action that could derail the company's merger with Comcast (CMCSA). However, research firm Jefferies remained upbeat on Time Warner Cable shares, upgrading the stock this morning and saying that Charter (CHTR) would probably buy the company if the government nixes the Comcast deal... Among members of the Dow that issued earnings reports this morning, Caterpillar (CAT) slid fractionally while 3M (MMM) and Procter & Gamble (PG) each fell about 2%. MAJOR MOVERS: Among the notable gainers was ARRIS (ARRS), which jumped 21% after the company agreed to acquire its competitor Pace for aggregate stock and cash consideration of $2.1B. Also higher following their earnings reports were Skechers (SKX), which rose nearly 13%, and Dunkin' Brands (DNKN), which gained 8.5%. Among the noteworthy losers was MobileIron (MOBL), which plunged 22% after the company warned of a Q1 revenue miss and announced the resignation of its CFO. Also lower following their earnings reports were Texas Instruments (TXN), which fell 7%, and General Motors (GM), which declined nearly 4%. INDEXES: Near midday, the Dow was up 81.31, or 0.45%, to 18,119.58, the Nasdaq was up 22.69, or 0.45%, to 5,057.86, and the S&P 500 was up 10.32, or 0.49%, to 2,118.28.
10:12 EDTTWC, CMCSACharter seen as white knight for Time Warner Cable if Comcast deal blocked
The shares of Time Warner Cable (TWC) are declining after The Wall Street Journal reported that the FCC's staff recommended a course of action that could derail the company's merger with Comcast (CMCSA). However, research firm Jefferies remained upbeat on Time Warner Cable shares, saying that Charter (CHTR) would probably buy the company if the government nixes the Comcast deal. WHAT'S NEW: The FCC's staff yesterday recommended that the agency allow an administrative law judge to decide whether Comcast's proposed takeover of Time Warner Cable should be allowed to proceed, according to The Wall Street Journal. Such a move by the FCC would be seen as a strong sign that the agency does not believe that the takeover is in the public interest, the newspaper stated. ANALYST REACTION: In a note to investors earlier today, Jefferies analyst Mike McCormack upgraded time Warner Cable to Buy from Hold. Assuming the Comcast deal is going to close, Time Warner Cable's stock is worth $193, McCormack wrote. But, even in the unlikely event that the deal is not approved, Charter Communications is likely to step in and buy Time Warner Cable at a similar valuation as that which Comcast agreed to, McCormack predicted. An acquisition by Charter would face less regulatory risk than the Comcast deal, he added. Moreover, if the Comcast deal,is vetoed, Time Warner Cable could return up to $7B of cash to shareholders before holding talks with Charter, wrote the analyst, who set a $193 price target on Time Warner Cable. WHAT'S NOTABLE: John Malone, the chairman of Liberty Media (LMCA), has previously said that Charter would look to buy Time Warner Cable if its deal with Comcast falls through. PRICE ACTION: In early trading, Time Warner Cable slipped fractionally to $149.30, Comcast rose 2% to $60 and Charter gained 0.4% to $185.70.
09:18 EDTTWC, CMCSAOn The Fly: Pre-market Movers
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08:50 EDTCMCSAComcast volatility flat with uncertainty of completion of Time Warner Cable deal
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07:29 EDTTWC, CMCSAJefferies ups Time Warner Cable to Buy, sees Charter as potential bidder
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05:58 EDTTWC, CMCSAFCC staff recommends hearing on Comcast-TWC merger, WSJ reports
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05:37 EDTTWCTime Warner Cable upgraded to Buy from Hold at Jefferies
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April 22, 2015
06:39 EDTCMCSA, TWCRegulators evaluating Comcast's track record, NY Times says
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06:25 EDTCMCSA, TWCFCC staff to meet with commissioners today on Comcast deal, Reuters reports
FCC staff is slated to brief the agency's commissioners later today on their review of Comcast's (CMCSA) proposed merger with Time Warner Cable (TWC), according to Reuters, which cited two unnamed sources. The staff is also slated to discuss its view of a $48B pending deal between AT&T (T) and DirecTV (DTV), the news agency quoted one of the sources as saying. Reference Link
06:23 EDTTWC, CMCSATime Warner Cable volatility up on uncertainty of completion of Comcast deal
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06:01 EDTVZGoogle could launch wireless service today, WSJ reports
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April 21, 2015
18:53 EDTCMCSA, VZFox, NBC say Verizon cable packages violate license terms, Washington Post says
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16:26 EDTVZOn The Fly: Top stock stories for Tuesday
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16:00 EDTVZOptions Update; April 21, 2015
iPath S&P 500 VIX Short-Term Futures down 1c to 21.53 Option volume leaders: AAPL TSLA TWTR GILD FB PBR AMZN C KMI KO VZ MCD according to Track Data.
15:04 EDTTWC, CMCSAHesse as reviewer may be Comcast 'worst-case scenario,' CT Financial says
Cleveland State University Law professor Christopher Sagers said that in some ways having Renata Hesse oversee the DOJ's review of the proposed merger of Comcast (CMCSA) and Time Warner Cable (TWC) could be a “worst-case scenario” for the companies, citing her experience and reputation. If Comcast is seen as merging to thwart Time Warner Cable from launching an over-the-top streaming service, then "that’s virtually a horizontal merger" which would be a "very serious theory of harm," according to the professor. Reference Link
13:36 EDTTWC, CMCSASenators urge rejection of potential Comcast, Time Warner merger, Reuters says
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12:33 EDTVZOn The Fly: Top stock stories at midday
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10:20 EDTVZWells thinks carrier equipment vendors factored in weak capex
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09:37 EDTVZActive equity options trading on open
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08:57 EDTVZVerizon says deleveraging plans on track
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08:41 EDTVZOptions expected to be active
Options expected to be active: UA TEVA PRGO MYL UTX QCOM VMW HOG CMG IBM VZ
07:43 EDTVZVerizon CEO says confident in ability to maintain momentum
“Verizon is off to a strong start in 2015 with another quarter of profitable growth. We expanded our base of customers seeking a premium experience, and we grew revenues, earnings and cash flow during a quarter in which we also took significant steps to sharpen our strategic focus. We are confident in our ability to maintain momentum and continue to add value for customers and shareholders,” said Verizon Chairman and CEO Lowell McAdam.
07:42 EDTVZVerizon added 133K net new FiOS Internet, 90K net new FiOS Video connections
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07:40 EDTVZVerizon reports 565,000 retail postpaid net additions in Q1
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07:37 EDTVZVerizon backs FY15 capex view $17.5B-$18B
Verizon continues to expect FY15 capital expenditures to range between $17.5 billion and $18.0 billion.
07:37 EDTVZVerizon reports Q1 consolidated operating income margin 24.9%
Verizon reports Q1 consolidated operating income margin was 24.9%, compared with 23.2% in first-quarter 2014. Cash flow from operating activities increased to $10.2B in Q1, compared with $7.1B in first-quarter 2014. The $10.2B included a non-recurring $2.4B related to the monetization of tower assets. Excluding the tower-transaction impact, free cash flow totaled about $4.2B in Q1, compared with $3.0B in first-quarter 2014.
07:36 EDTVZU.S. mobile cariers could be pressured from new data plans, WSJ says
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07:35 EDTVZVerizon reports Q1 EPS $1.02, consensus 95c
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April 20, 2015
16:01 EDTVZOptions Update; April 20, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 21.52. Option volume leaders: AAPL VZ PBR TWTR TSLA TWTR NFLX MCP FB AMZN AA C according to Track Data.
15:37 EDTVZNotable companies reporting before tomorrow's open
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14:22 EDTVZVerizon technical commentary before earnings
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13:41 EDTVZEarnings Watch: Verizon shares up marginally since Q4 results
Verizon Communications (VZ) is expected to report first quarter earnings before the market open on Tuesday, April 21, with a conference call scheduled for 8:30 am ET. Verizon is a holding company providing communications, information and entertainment. EXPECTATIONS: Analysts are looking for earnings per share of 95c on revenue of $32.27B, according to First Call. The consensus range for EPS is 89c-$1.00 on revenue of $31.74B-$32.97B. LAST QUARTER: Verizon reported fourth quarter adjusted EPS of 71c against estimates for 72c on revenue of $33.19B against estimates for $32.69B. For Q4 in Wireless, the company reported 2.1M net retail connections; 2.0M net retail postpaid connections, including net additions of 672,000 postpaid phones; retail postpaid churn of 1.14%; 108.2M total retail connections and 102.1M total retail postpaid connections. In Wireline, it reported 4.1% year-over-year quarterly increase in consumer revenues. Verizon reported Q4 retail postpaid ARPA, or average revenue per account, increased 1.0% over Q4 of 2013 to $158.82 per month, and 3.9% over the full year. Verizon reported Q4 FiOS consumer revenue growth of 11.1%; 6.6M FiOS Internet subscribers, with 145K net additions; 5.6M FiOS Video subscribers, with 116K net additions. For 2015, Verizon expects consolidated revenue growth of at least 4%. It sees sustained profitability with a consolidated adjusted EBITDA margin at a level consistent with full-year 2014 performance. It also expects strong free cash flow generation with consolidated capital spending of $17.5B-$18.0B. On February 5, Frontier Communications (FTR) announced a definitive agreement with Verizon under which Frontier will acquire Verizon’s wireline operations that provide services to residential, commercial and wholesale customers in California, Florida and Texas, for $10.54B in cash. On the same day, Verizon announced a $5B accelerated share-repurchase program and agreed to lease the rights to over 11,300 of its company-owned wireless towers to American Tower (AMT), which will also purchase approximately 165 Verizon towers, for a total upfront payment of approximately $5B. American Tower will have exclusive rights to lease and operate over 11,300 Verizon cell towers, a significant majority of the towers the company currently owns. In addition, Verizon will sell approximately 165 towers outright. On March 10 at the Deutsche Bank Media, Internet & Telecom Conference, CFO Fran Shammo said there was “not much change” in the competitive environment since Q4-end, Q1 volume should return to "more normal levels," and Q1 churn is likely to be elevated from year ago, but not "something that is going to be concerning." PRICE ACTION: Verizon’s shares are up marginally since the company's Q4 report. Over the past twelve months, they are up about 3.3%. In afternoon trading ahead of Tuesday's Q1 report, Verizon’s shares are up 0.5%.
11:10 EDTTWCStocks with call strike movement; TWC YAHOO
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10:29 EDTTWCOptions with increasing implied volatility: PNK PSEC TWC
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09:52 EDTCMCSA, TWCRovi deal with Charter a 'material' positive, says Piper Jaffray
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07:56 EDTCMCSA, TWCCharter would pursue Time Warner if Comcast deal blocked, says UBS
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07:16 EDTVZVerizon April weekly volatility elevated into Q1 and outlook
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06:39 EDTCMCSA, TWCDOJ lawyers leaning towards recommending block of Comcast deal, NY Times says
The Justice Department's staff lawyers are leaning towards recommending that Comcast's (CMCSA) takeover of Time Warner Cable (TWC) be blocked, according to The New York Times, which cited an unnamed source. Reference Link
06:03 EDTVZESPN raises objections to Verizon FiOS TV packages, WSJ reports
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05:55 EDTCMCSAStocks with implied volatility movement; RSX CMCSA
Stocks with implied volatility movement; Market Vectors Russia ETF (RSX) 40, Comcast (CMCSA) 25 according to iVolatility.
05:47 EDTTWCStocks with implied volatility movement; TWC CSX
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April 19, 2015
15:24 EDTCMCSAComcast's 'Furious 7' leads U.S. weekend box office with $29.1M
For the weekend of April 19, Universal's (CMCSA, CMCSK) "Furious 7" topped domestic box office charts at $29.1M. Sony's (SNE) "Paul Blart: Mall Cop 2" landed in second place with $24M for the weekend while Universal's "Unfriended" came in third with $16M. Fox's (FOX, FOXA) "Home" and "The Longest Ride" took fourth and fifth place at $10.3M and $6.8M, respectively. Data gathered by Rentrak.
12:23 EDTTWC, CMCSATime Warner Cable, Comcast set to meet with DoJ, WSJ says
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April 17, 2015
16:31 EDTTWC, CMCSAStocks end week lower amid earnings reports, fear about Greece, China
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16:24 EDTTWC, CMCSAOn The Fly: Top stock stories for Friday
Stocks on Wall Street began the session deep in negative territory and remained there throughout the day. The losses were broad based, with the S&P 500 losing 1% and the Dow and Nasdaq each sliding about 1.5%. There was little in the way of buying, as the number of declining stocks dwarfed the number of advancing stocks. Fears about Greece exiting the euro, steps taken by securities regulators in China and inflation data here at home were all pointed to as potential contributors to the down day in the market. The slide also coincided with the expiration of options, which can lead to volatility and heavy volume. ECONOMIC EVENTS: In the U.S., the headline Consumer Price Index rose 0.2% in March, versus expectations for it to be up 0.3%. The "core" rate, excluding food and energy prices, rose 0.2%, as expected. The leading economic index rose 0.2% to 121.4 in March, versus expectations for it to be up 0.3%. The University of Michigan consumer sentiment index jumped 2.9 points to 95.9 in the preliminary print for April, topping expectations for a 94.0 reading. In China, announcements by Chinese securities regulators, the Shanghai and Shenzhen stock exchanges, and related bodies raised fears of a selloff in China. The China Securities Regulatory Commission imposed sanctions to try to control margin buying of stocks with borrowed money and the Securities Association of China said it will allow fund managers to lend stocks for short selling to increase the supply of shares. In Europe, strategists reportedly said a lack of progress in negotiations between Greece and its creditors had substantially increased the risk of Greece defaulting on its debt and even exiting the euro. COMPANY NEWS: Shares of both Comcast (CMCSA) and Time Warner Cable (TWC) dropped after Bloomberg, citing sources, reported that lawyers at the Justice Department’s antitrust division are leaning toward making a recommendation to file suit to block the companies' proposed merger. Spokespeople for Comcast and TWC reportedly told Bloomberg they see "no basis" for a lawsuit to block the transaction. Comcast ended the day down $1.25, or 2.09%, to $58.42, while Time Warner Cable shares slid $8.59, or 5.43%, to $149.61... First the Wall Street Journal, then Bloomberg, reported that Teva Pharmaceutical (TEVA) is internally discussing a potential takeover bid for Mylan (MYL). Shares of both moved higher following the reports, which Mylan responded to by stating that it is fully committed to its stand-alone strategy, including its proposal to acquire Perrigo (PRGO). Mylan Chairman Robert Coury said that rumors of potential interest from Teva have been "circulating for some time," but that such a combination is "without sound industrial logic or cultural fit" and would be unlikely to receive antitrust regulatory clearances. Coury added that Mylan's board would "carefully consider" a bid if any party makes an "actual offer" to acquire the company. Shares of General Electric (GE) reported a loss of $1.35 per share due to large charges related to its planned exit from the majority of its GE Capital business. Adjusting for special items, GE's operating earnings per share of 31c topped the consensus forecast by 1c. Additionally, GE said it has received "strong inbound interest" in its GE Capital assets following the company's April 10 investor update. MAJOR MOVERS: Among the notable gainers following their earnings reports were Celanese (CE), which rose $9.04, or 15.55%, to $67.18, and Mattel (MAT), which advanced $1.48, or 5.84%, to $26.75. Among the noteworthy losers after their quarterly reports were SerivceNow (NOW), which fell $9.55, or 11.53%, to $73.29, and Advanced Micro Devices (AMD), which dropped 29c, or 10.28%, to $2.58. INDEXES: The Dow declined 279.47, or 1.54%, to 17,826.30, the Nasdaq fell 75.98, or 1.52%, to 4,931.81, and the S&P 500 dropped 23.81, or 1.13%, to 2,081.18.
15:28 EDTCVC, CMCSA, TWCCable stocks should be bought on weakness, says FBN Securities
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14:46 EDTCMCSA, TWCTime Warner Cable says no indication from DOJ that lawyer leaning against deal
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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 EDTCMCSA, TWCDOJ lawyers leaning toward suit to block Comcast-TWC deal, Bloomberg says
Lawyers at the Justice Department’s antitrust division are leaning toward making a recommendation to file suit to block Comcast’s (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 EDTTWC, CMCSATime 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 EDTCMCSA, VZVerizon 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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April 14, 2015
05:51 EDTCMCSANBCUniversal teams with Germany, France broadcasters to create shows, WSJ says
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