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Stock Market & Financial Investment News

News Breaks
July 7, 2013
14:03 EDTDIS, CMCSA‘Despicable Me 2’ beats ‘Lone Ranger’ for holiday weekend, Bloomberg says
Universal Pictures’ (CMCSA) animated feature “Despicable Me 2” topped Walt Disney's (DIS) " The Lone Ranger" at the box office for the 4th of July weekend, says Bloomberg. “Despicable Me 2” took in $82.5M from Friday to Sunday, while “The Lone Ranger” took in $29.4M for the same time period, added Bloomberg. Reference Link
News For CMCSA;DIS From The Last 14 Days
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June 24, 2015
08:25 EDTCMCSA, DISNetflix on pace to have larger audience than all networks, FBR says
FBR Capital analyst Barton Crockett says that while Netflix (NFLX) is not rated by Nielsen (NLSN), the 10B hours streamed in Q1 reported by the company are equivalent to having a 24-hour rating of 2.6, on par with Disney's (DIS) ABC and Comcast's (CMCSA) NBC. And while ratings at broadcasters are falling on average, Netflix is growing its ratings at a 40%-plus compound annual rate, Crockett tells investors this morning in a research note. At this pace, Netflix in a year will have a larger 24-hour audience than all broadcast networks, he contends. Regarding last night's 7-for-1 stock split announcement, Crockett says the move reflects management's confidence in the "durability of the recent stock surge." For perspective, three years ago Netflix shares were around $60. This morning they are trading up $18.69 to $699.88 in the pre-market. Crockett has an Outperform rating on the streaming service with a $900 price target.
07:43 EDTDISDisney not investing $250M to DraftKings, Re/code reports
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June 23, 2015
13:09 EDTCMCSA, DISHulu to sell Showtime premium package for subscribers
Hulu (DIS;NWSA;CMSA) will sell Showtime Networks' (CBS) Internet streaming service to subscribers in early July, reports Variety. Hulu will offer Showtime to its subscribers for $8.99 in addition to the $7.99 fee Hulu subscribers pay per month.Reference Link
June 22, 2015
15:04 EDTCMCSAT-Mobile could abandon DISH for Comcast, Forbes contributor says
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13:19 EDTDISMarvel Entertainment wins patent dispute over Spider-Man toy, Variety says
The Supreme Court sided with Disney 's Marvel Entertainment in a case involving a patent on a toy owned by Stephen Kimble that shoots web from pressurized foam string, says Variety. The Court would not overrule precedent and ruled in favor of Marvel Entertainment that a patentee cannot continue to receive royalties for a patent after it expires, added Variety. Reference Link
06:59 EDTCMCSAComcast, NBCUniversal using cross-promotional strategy, NY Times says
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June 21, 2015
17:57 EDTCMCSA, DISRealD says 3D screens accounted for 47% of weekend 'Jurassic World' gross
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16:21 EDTCMCSA, DISUniversal's 'Jurassic World' leads U.S. weekend box office with $102M
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June 19, 2015
11:52 EDTCMCSATime Warner Cable CEO says Ralph Roberts a 'pioneer, visionary, role model'
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10:37 EDTCMCSAComcast announces death of founder and Chairman Emeritus Ralph Roberts
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June 18, 2015
17:04 EDTCMCSAComcast files to sell 2.66M shares of Class A common stock for holders
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13:31 EDTCMCSANBC names Holt anchor of Nightly News, Williams apologizes
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08:23 EDTDISDisney cancels plans to outsource tech jobs, L.A. Times reports
Disney (DIS) is canceling plans to replace employees in 30 technology positions with workers hired from Cognizant Technology Solutions (CTSH), an agency that outsources jobs to immigrants mostly from India on temporary work visas, the L.A. Times reports. Disney employees in New York, New York and Burbank, California were first made aware of the layoffs in late May, and recently some of the employees were asked to help train their own successors, sometimes in person but mostly via teleconference, the report says. Disney has not offered many details on the reasons for its decision to reverse layoff plans, the L.A. Times says. Reference Link
06:16 EDTCMCSALester Holt expected to be named permanent 'Nightly News' anchor, WSJ reports
Brian Williams will stay with NBC in an undisclosed role and Comcast is expected to make Lester Holt permanent anchor of "Nightly News," a source tells The Wall Street Journal. Williams was taken off the air earlier this year following allegations he exaggerated a story from his days covering the war in Iraq in 2003. Reference Link
June 17, 2015
17:40 EDTCMCSAComcast 'isn't interested' in T-Mobile, Washington Post says
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13:28 EDTDISHBO to make serious run at Bill Simmons, Hollywood Reporter says
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10:22 EDTCMCSAComcast not interested in pursuing T-Mobile, DJ says
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10:13 EDTCMCSADeutsche Telekom shopping T-Mobile to Comcast, FT reports
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07:26 EDTCMCSADeutsche Telekom, Comcast in talks over possible T-Mobile sale, Reuters says
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06:20 EDTDIS, CMCSAHulu luring content producers from Netflix, WSJ reports
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