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Stock Market & Financial Investment News

News Breaks
July 6, 2013
14:29 EDTTWC, FOXA, T, DIS, KKR, DTV, CMCSAHulu deal depends on rights to TV shows, WSJ says
With the auction for Hulu entering its last stage, the owners of of the service: 21st Century Fox (FOXA), Walt Disney (DIS) and NBC parent Comcast (CMCSA) proposed content-licensing arrangements with potential buyers that would allow the broadcasters to limit the availability of certain hit shows on Hulu's service, says the Wall Street Journal. Contenders for Hulu include: DirecTV (DTV ); Chernin Group, backed by AT&T (T); and Guggenheim Digital Media. Others who have shown interest in Hulu include cable operator Time Warner Cable (TWC) and private-equity firm Kohlberg Kravis Roberts (KKR), added the WSJ. Reference Link
News For CMCSA;DIS;FOXA;DTV;T;TWC;KKR From The Last 14 Days
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May 12, 2015
12:32 EDTDTV, TDirecTV up 1% after report says regulators unlikely to block AT&T deal
Dow Jones, citing sources, said the U.S. review of the deal is nearing its end and that regulators are unlikely to step in to block the merger.
12:30 EDTT, DTVU.S. unlikely to block AT&T, DirecTV deal, Dow Jones reports
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11:59 EDTTWCCharter still in active talks about Bright House acquisition, Bloomberg reports
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11:38 EDTTLivePerson sinks to 52-week low after cutting fiscal 2015 outlook
Shares of LivePerson (LPSN), a provider of cloud-based digital engagement solutions, are sinking after the firm lowered its outlook for fiscal 2015. WHAT'S NEW: LivePerson yesterday reported first quarter adjusted earnings per share of 4c, in line with analysts' consensus estimates, on revenue of $59.8M, slightly below analysts' consensus estimates of $60.79M. LivePerson said it signed 147 deals in the quarter, including the addition of 30 new customers. Looking ahead to the second quarter, LivePerson forecast adjusted EPS of 0c-2c and revenue of $58.5M-$59.5M, well below the analysts' consensus estimates of 6c and $63.88M, respectively. WHAT'S NOTABLE: The company lowered its fiscal year 2015 adjusted EPS view to 10c-15c from 27c-32c, significantly trailing analysts' consensus estimates of 28c. LivePerson also cut its FY15 revenue outlook to $243M-$247M from $263M-$269M, also well below analysts' estimates of $264.36M. The company reduced reduced FY15 revenue guidance by $21M when comparing the midpoint of its updated guidance range to the midpoint of its previous guidance range. The adjustment reflects the impact of one large customer contract that ended, an increase in foreign exchange headwinds and a slightly slower start to the year than expected as the company intensified its focus on bringing LiveEngage to the market, the company said. LivePerson said it expects to record a $2.5M charge in Q2 related to cost-cutting move, which it described as "reprioritizing on areas showing the highest potential growth." The company believes its cost-savings initiatives will generate approximately $13M of expense savings in 2015. ANALYST REACTION: Credit Suisse this morning downgraded LivePerson to Neutral from Outperform and lowered its price target to $8 from $19. The firm said LivePerson was "forced" to lower revenue guidance for FY15 primarily due to the loss of AT&T (T) as a pay-for-performance chat customer, as well as from a slow sales start and FX. The firm said the ability of LivePerson to transition its large customer base to LiveEngage 2.0 will take longer than previously estimated. PRICE ACTION: In late morning trading, LivePerson fell $1.16, or 12.26%, to $8.30 on more than five times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $8.10. Including today's pull back, the shares have lost approximately 15% over the past 12 months. OTHERS TO WATCH: Other companies offering cloud-based digital engagement solutions include eGain (EGAN), down 1.2%, Zendesk (ZEN), down 4.05%, and Salesforce.com (CRM), up 0.2%.
11:14 EDTT, DTVAOL premium low but likely best bet for AOL shareholders, Bloomberg says
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10:32 EDTTAcacia Research enters settlement, license agreement with AT&T Mobility
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08:31 EDTDIS, CMCSA, FOXA, DTVApple likely to launch TV video service this year, says Pacific Crest
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08:04 EDTDISDisney price target raised to $120 from $105 at Deutsche Bank
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06:41 EDTDIS, CMCSA, FOXATV networks touting digital, targeting technologies to marketers, NY Times says
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May 11, 2015
12:06 EDTTAT&T appoints Jeffrey Lewis Chief Accessibility Officer
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09:02 EDTCMCSAComcast names Michael Cavanagh as CFO
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08:26 EDTFOXAFox says 'American Idol' to end after season 15, NY Times reports
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06:33 EDTCMCSA, DIS, FOXATV networks worried amid tough competition from digital outlets, NY Times says
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May 10, 2015
18:05 EDTDIS, DTV, FOXA, TFCC contract ruling may speed review of AT&T-DirecTV merger, WSJ says
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17:35 EDTCMCSA, DISDisney's 'Avengers: Age Of Ultron' leads U.S. weekend box office with $77.2M
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16:06 EDTTWCCharter seeking up to $30B to finance potential Time Warner deal, WSJ says
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May 8, 2015
14:50 EDTTWCLiberty Broadband CEO says any Charter-TWC deal would be 'friendly,' WSJ says
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10:27 EDTDISBill Simmons to leave ESPN, NYT's Sandomir reports
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09:36 EDTDISActive equity options trading on open:
Active equity options trading on open: AAPL BABA FB DIS MSFT TSLA NFLX AMZN BAC
06:56 EDTDISDisney names Leslie Ferraro as president, Disney Consumer Products
Leslie Ferraro has been named President, Disney Consumer Products, effective immediately. Ferraro most recently served as Walt Disney Parks and Resortsí Executive Vice President, Global Marketing, Sales and Travel Operations, where she was responsible for leading the marketing and sales teams in developing numerous highly successful consumer campaigns worldwide. As President of Disney Consumer Products, Ferraro will oversee a global operation that delivers innovative and engaging products, from toys and apparel to books and fine art, through its Licensing, Publishing and Disney Store businesses. Ms. Ferraro assumes the role formerly held by Bob Chapek, who became Chairman, Walt Disney Parks and Resorts in February.
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