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Stock Market & Financial Investment News

News Breaks
January 6, 2013
17:14 EDTGE, CMCSA, DKSNHL, NHLPA agree to framework of new CBA, NHL.com says
The National Hockey League and the National Hockey League Players' Association reached agreement on the framework of a new Collective Bargaining Agreement early Sunday morning. The League did not announce the start date of the season or the number of games each team will play. Those details will be announced soon. The deal, agreed to at approximately 4:40 a.m., was announced jointly by NHL Commissioner Gary Bettman and NHLPA Executive Director Donald Fehr in the same hotel conference room where the negotiations were conducted with the assistance of Scot Beckenbaugh, Deputy Director for Mediation Services for the Federal Mediation and Conciliation Service, says NHL.com. Reference Link
News For CMCSA;GE;DKS From The Last 14 Days
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April 10, 2015
06:34 EDTGEGeneral Electric to sell most of GE Capital assets for approximately $26.5B
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06:34 EDTGEBlackstone Mortgage to acquire $4.6B loan portfolio from GE Capital
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06:34 EDTGEBlackstone Mortgage to acquire $4.6B loan portfolio from GE Capital
06:31 EDTGEGeneral Electric to sell most of GE Capital assets for approximately $26.5B
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April 9, 2015
16:17 EDTGEOn The Fly: Closing Wrap
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13:56 EDTGEGeneral Electric moves higher on deal to sell real estate portfolio
The shares were last at $25.26, trading up over 1%. At this price next resistance is at $26.27. Support is at $25.09, the 50-day moving average.
13:38 EDTGEGE close to selling real estate holdings, WSJ reports
General Electric (GE) is close to selling its real estate holdings to Blackstone (BX) and Wells Fargo (WFC), Wall Street Journal reports, citing people familiar with the matter. The portfolio has $30B in holdings, the Journal adds. Shares of GE moved up 25c to $25.26 following the report. Reference Link
13:35 EDTGEGE in discussions to sell all or part of real estate assets, Dow Jones says
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07:44 EDTCMCSAComcast risks overblown, shares offer attractive upside, says Jefferies
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April 8, 2015
17:25 EDTGECourt reverses $664M judgment against United Technologies
In a regulatory filing, United Technologies (UTX) reports that on April 6, the Sixth Circuit Court of Appeals rendered a decision in the litigation concering the F100 engine. The litigation arose from allegations by the U.S. Department of Justice that Pratt & Whitney -- a United subsidiary -- violated the civil False Claims Act relating to the competition between Pratt & Whitney's F100 engine and General Electric's (GE) F110 engine, resulting in alleged overpayments by the government for F100 engines under contracts awarded by the U.S. Air Force in fiscal years 1985-1990. On June 17, 2013, a trial court in Ohio rendered a decision awarding the government $473M in damages and penalties, plus prejudgment interest for a total judgment of approximately $664M. In its latest decision, the Sixth Circuit reversed the trial courtís judgment, noting that the government did not prove any damages, and remanded the case to the trial court to decide whether the government should have another opportunity to prove that it suffered any actual damages.
09:13 EDTGEElectrolux sees GE Appliances deal closing in 2015
Electrolux (ELUXY) announced that results for the business area Major Appliances North America will be significantly lower than anticipated in Q1. Electrolux operations continue to be negatively impacted by the transition of the product ranges within refrigeration and freezers. This transition is a consequence of the new energy requirements imposed during the second half of 2014. Earnings are also affected by the ramp up of the cooking plant in Memphis, which has been slower than anticipated. Results for the business area in the first quarter 2015 will therefore be negative. A program to restore profitability and increase efficiency is under way. It will require most of 2015 before these actions will show full effect. The preparation work for the integration of GE Appliances (GE) is progressing well and Electrolux remains confident that the transaction will be closed in 2015. During the integration planning, additional synergies of $50M have been identified, in excess of the previously communicated $300M. Total cost synergies are now estimated to $350M.
April 7, 2015
14:41 EDTCMCSASTX Entertainment, Universal Pictures Home Entertainment in partnership
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09:03 EDTCMCSAEA, Illumination Entertainment, Universal Partnerships announce collaboration
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08:07 EDTCMCSAComcast expands fiber network throughout Denver metro area
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April 6, 2015
14:04 EDTCMCSAIMAX says Universal's Furious 7 grosses $20.8M in IMAX theatres
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10:01 EDTCMCSAWeather Channel's core buiness facing 'major' threat, WSJ reports
The Weather Channel, which is owned by a consortium made up of NBCUniversal (CMCSA) and private equity firms Bain Capital and The Blackstone Group (BX), was dropped last month from Verizon's (VZ) FiOS TV service, and now the channel's backers are preparing for the possibility of being dropped by Dish Network (DISH), sources tell The Wall Street Journal. Though The Weather Channel is facing a "major" threat to its core business, the fees it collects from the pay-TV providers, the sources say that no formal sale by the company's owners is under way. Reference Link
09:31 EDTCMCSAComcast Business to expand Ethernet in East Bay with $2M fiber extension
Comcast Business announced an expansion of its multi-gigabit Ethernet service to three business parks in the Northern California towns of Pleasanton, Hayward and Fremont. The high-speed fiber-based network build outs together total close to $2M in investment by Comcast in the East Bay, making available reliable Internet speeds to the more than 1,500 businesses in the community by offering reliable Internet speeds up to 20 times faster than traditional 1.5 Mbps DSL or T-1 service.
April 5, 2015
18:47 EDTGEPart of GE Louisville facility catches fire, Reuters says
A section of General Electric's Louisville, Kentucky facility used for warehousing and offices caught fire on Friday, says Reuters. A company spokesperson said "The fire at GE Appliance Park has been contained," and there were no injuries from the incident, added Reuters. Reference Link
18:34 EDTCMCSAComcast's 'Furious 7' leads at weekend box office with $143.6M
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08:43 EDTGEAT&T, Philip Morris, eight others have reliable yields up to 5.7%, Barron's says
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