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Stock Market & Financial Investment News

News Breaks
May 21, 2012
07:49 EDTCMCSA, VIA, DISBattleship disappoints with $25.3M domestic opening, Deadline Hollywood says
Comcast's (CMCSA) Universal Studios' Battleship grossed only $25.3M domestically in its opening weekend as one of several new films to disappoint against the third week of strength from Disney’s (DIS) The Avengers, which led the U.S. box office with a $55.0M take, reported Deadline Hollywood. Reference Link
News For CMCSA;DIS;VIA From The Last 14 Days
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November 20, 2014
05:12 EDTVIAViacom signs 180K-square foot lease at Columbia Square development in Hollywood
Kilroy Realty (KRC) said it has signed a long-term lease with Viacom (VIAB, VIA) for approximately 180,000 square feet of space at KRC’s 685,000-square-foot, mixed-use Columbia Square development located in the heart of Hollywood. The New York-based company plans to relocate and unite the West Coast operations of Viacom media networks including BET, Comedy Central, MTV, Spike TV, VH1 and TV Land currently based in Santa Monica and in other Los Angeles offices into Columbia Square’s 250,000-square-foot Gower Building. The six-story, dual-core glass and steel Gower Building is the larger of two new office buildings totaling 350,000 square feet currently under construction as part of KRC’s $420M mixed-use project located on Sunset Boulevard. Designed by Rios, Clementi, Hale Studios, Columbia Square will also feature 93,000 square feet of renovated, historical creative office and studio space, 30,000 square feet of retail space, 200 luxury residential units and a five-level subterranean parking structure. Viacom is expected to take occupancy in phases starting in late 2016.
November 19, 2014
13:29 EDTCMCSACharter CEO sees Comcast, Time Warner Cable deal getting done
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13:06 EDTCMCSADeutsche Telekom CEO says T-Mobile could again attract suitors, Bloomberg says
Bloomberg quotes Deutsche Telekom (DTEGY) CEO Timotheus Hoettges speaking in interview as having said that T-Mobile (TMUS) could attract interest from suitors such as Comcast (CMCSA), DISH (DISH) or America Movil (AMOV, AMX).
November 18, 2014
05:26 EDTDISDisney Movies Anywhere now available through Walmart VUDU service
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November 17, 2014
10:10 EDTDISDreamWorks sinks, Hasbro rebounds after takeover talks reportedly end
Shares of movie maker DreamWorks (DWA) are tumbling after multiple media outlets reported that talks about a takeover of the company by Hasbro (HAS) had ended. WHAT'S NEW: Talks about an acquisition of DreamWorks by Hasbro have ended, multiple news outlets including The Wall Street Journal and Deadline reported over the weekend. However, Deadline, citing unnamed sources, reported that there's "still a slight chance" that the talks will resume. Hasbro's CEO and board visited DreamWorks' campus recently and a potential name for the combined entity - DreamWorks-Hasbro - was discussed, Deadline stated. Hasbro halted the talks because it became concerned about the negative reaction of its stock to reports about the discussions, Deadline added. Barron's weighed in on the issue over the weekend, writing that the deal "doesn't make sense economically." Partnering with DreamWorks would be logical for Habro, but buying DreamWorks would not be a good move for the toy maker, Barron's stated. DreamWorks' recent inability to create big hits or generate free cash makes it a poor takeover target for Hasbro, Barron's indicated. WHAT'S NOTABLE: In a note to investors on Thursday, Sterne Agee analyst Vasily Karasyov wrote that there is "no industrial logic" whatsoever to a combination of DreamWorks and Hasbro. Karasyov said there was no good reason for Hasbro to buy DreamWorks for $35 per share, the price that the movie maker was seeking, according to some reports. Karasyov predicted that the deal would not occur and kept a $17 price target and Underperform rating on the shares. Additionally, Piper Jaffray said the possible acquisition of DreamWorks Animation by Hasbro could have impacted the latter company's partnership with Disney (DIS). Piper thought buying a competing animation company could alter Disney's view of Hasbro as a partner. PRICE ACTION: In early trading, DreamWorks fell 15% to $22.08, while Hasbro gained 4.3% to $56.33.
06:35 EDTCMCSA, DIS'Dumb and Dumber To' takes first at the box office from 'Big Hero 6', WSJ says
Comcast (CMCSA) company Universal Pictures' "Dumb and Dumber To" brings in $38.1M at the box office, taking first away from Disney's (DIS) "Big Hero 6," which brought in $36M this weekend, reports the Wall Street Journal. "Big Hero 6" has a two week total of $111.7M in North America, the Journal adds. Reference Link
November 14, 2014
17:13 EDTDISAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
14:46 EDTDISDisney movies service partnering with Wal-Mart's Vudu, Reuters reports
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07:14 EDTVIAViacom multiple compression overdone, says RBC Capital
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06:43 EDTVIAViacom CEO: Nielsen's ratings haven't kept up with trends, NY Times says
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06:37 EDTDISDreamWorks competes with key Hasbro partner Disney, NY Times says
After multiple news outlets reported that Hasbro (HAS) was in talks about buying DreamWorks (DWA), The New York Times says that the toy maker holds very lucrative contracts with Disney (DIS), which views DreamWorks as a key competitor. Hasbro gets up to 30% of its revenue from products linked to Disney, the newspaper quoted some analysts as saying. Reference Link
November 13, 2014
09:25 EDTVIAViacom CEO says company will repurchase $750M shares in Q4
09:18 EDTVIAViacom management says TV renewals cover over 25% of subscriptions
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09:06 EDTCMCSAComcast and Boys & Girls Clubs of America launch My Future Technology initiative
Comcast NBCUniversal and Boys & Girls Clubs of America have entered into a five-year national partnership valued at tens of millions of dollars in cash and in-kind support. The partnership includes the launch of My.Future, a new technology initiative designed to teach Club members about our digital world and ignite their passion for technology.
07:38 EDTVIABloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
07:01 EDTDISHasbro deal with Disney could be impacted with merger, says Piper Jaffray
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06:54 EDTVIAViacom reports Q4 Media Networks revenue up 8% to $2.66B
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06:53 EDTVIAViacom reports Q4 adjusted EPS $1.71, consensus $1.68
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06:17 EDTVIA, CMCSASony unveils PlayStation Vue, a cloud-based TV service
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06:02 EDTCMCSAComcast moving ahead with $45B acquisition of Time Warner Cable, AP reports
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