New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 28, 2014
08:44 EDTGE, CMCSAComcast CEO says Sochi ad sales set record for Winter Games
Roberts says coverage of Sochi Olympics will be most comprehensive the company has ever had. Roberts says ad sales for the games have set a record for a Winter Games. Roberts calls buying out GE (GE) stake in NBCUniversal the company's "best decision" of the year. Comcast (CMCSA) CEO Brian Roberts speaking on company's Q4 earnings conference call.
News For CMCSA;GE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 >>
September 29, 2015
16:09 EDTGEGE plans new energy company to merge physical, digital and financial
GE unveiled plans to create an "entirely new type" of energy company that combines financing with GE's physical and digital capabilities across energy efficiency, generation and storage. The new organization will meet the unique needs of a wide range of Commercial & Industrial, utility, and municipal customers - hospitals, universities, retail stores, cities - and provide them with the hardware and software they need to be more reliable, more efficient and more profitable, the company said. This business will begin with more than $1B of revenue and will leverage GE financing, putting it on track to quickly establish a leadership position in the fast-growth energy efficiency market, according to GE, which said additional details will follow in the coming weeks.
16:07 EDTGEGeneral Electric announces new software products and partnerships
Subscribe for More Information
14:08 EDTGEDOJ says no settlement offer received on GE, Electrolux deal, Reuters reports
Subscribe for More Information
11:09 EDTCMCSAGoPro announces launch of channel on Comcast Watchable
GoPro (GPRO) announced it's bringing the GoPro Channel to Watchable, Comcast's (CMCSA, CMCSK) new, cross-platform video service. GoPro's first Multichannel Video Programming Distributor agreement will deliver GoPro content to users on iOS,, and X1. Launching in beta, all Watchable content is free, the company stated.
11:05 EDTCMCSAComcast launches video platform Watchable, Business Insider reports
Subscribe for More Information
10:50 EDTGEGeneral Electric to hold a webcast
Subscribe for More Information
10:49 EDTGEGE Aviation, Qantas Group sign strategic flight efficiency services agreement
The Qantas Group and GE Aviation have signed a comprehensive agreement for GE's Flight Efficiency Services, which will help Qantas and Jetstar increase operational flexibility and fuel efficiency and reduce carbon emissions by drawing on GE's industry-leading navigation services, data and analytics expertise. The agreement includes flight efficiency and Flight Operations Quality Assurance analytics, as well as renewal of a long-standing relationship for the supply of Required Navigation Performance procedures across many airports in the Qantas network. Qantas and GE will collaborate on specific initiatives to support the transformation strategy such as flight crew awareness, procedure compliance, operational insights and airspace utilization improvements. GE's support will include access to its full suite of analytical tools as well as process improvement, six sigma, change management and other domain expertise.
September 28, 2015
18:02 EDTGEGE-Aviation awarded $137.88M government contract modification
Subscribe for More Information
13:33 EDTGEGE announces 18th and 19th HA Gas Turbine orders
Subscribe for More Information
10:21 EDTGEGE urges Congress to reauthorize ExIm Bank for all American companies
10:20 EDTGEGE says to stop manufacturing gas engines in Waukesha, Wisconsin
Subscribe for More Information
10:20 EDTGEGE confirms plans to build gas engine facility in Canada
Subscribe for More Information
10:07 EDTGEGE to move 350 jobs to Canada from Wisconsin, Reuters reports
General Electric will move 350 jobs to Canada from Wisconsin as it shifts production of large, gas-powered engines, Reuters reports. GE has been unable to access financing from the U.S. Export-Import Bank, the report notes. GE is expected to invest $265M in a new manufacturing plant at a yet-to-be-determined Canadian location. Reference Link
10:03 EDTGEGeneral Electric to move 350 jobs to Canada from Wisconsin, DJ reports
Subscribe for More Information
08:43 EDTGEPZU's Klesyk: GE may sell BPH this year, Reuters reports
Subscribe for More Information
07:38 EDTGEBox to hold a user conference
Subscribe for More Information
06:08 EDTCMCSAComcast NBCUniversal to acquire 51% stake in Universal Studios Japan
Comcast NBCUniversal (CMCSA) announced that it has agreed to purchase 51% ownership of Universal Studios Japan in a recapitalization transaction, partnering with the current owners including Goldman Sachs (GS), USJ's CEO Glenn Gumpel, Asian private-equity firm MBK Partners, and U.S. hedge fund Owl Creek Asset Management. Comcast NBCUniversal's purchase price for the majority ownership of the theme park destination is Y183B, or $1.5B. "We are excited to expand our global footprint with this wonderful theme park in Osaka and are excited by the opportunities that lie ahead in Japan and all of Asia," said Brian L. Roberts, Chairman and CEO of Comcast. "This investment represents a huge opportunity and commitment to creating value for our shareholders and continuing to grow internationally." Acquiring majority ownership of Universal Studios Japan continues Comcast NBCUniversal's ongoing investment strategy for it's U.S. parks in Orlando and Hollywood.
September 27, 2015
19:39 EDTCMCSA'Hotel Transylvania 2' bites down in record-setting debut
Animated children's film "Hotel Transylvania 2" set a domestic record for September while "Maze Runner" and "Black Mass" dropped in their second weekends at the box office. WEEKEND LEADER: Sony's (SNE) computer animated comedy "Hotel Transylvania 2" grossed $47.5M during its domestic open for the weekend of September 27, beating expectations for $35M-$40M and setting a new record for September box office debuts. Adam Sandler, Selena Gomez, and others returned to provide voice acting for the monster-themed movie, which saw the biggest open yet for Sony Pictures Animation. BOX OFFICE RUNNERS-UP: With Robert DeNiro and Anne Hathaway in leading roles, Time Warner (TWX) subsidiary Warner Bros.' "The Intern" opened at $18.2M against estimates sales of $15M-$20M. Fox's (FOX, FOXA) "Maze Runner: The Scorch Trials" came in third with $14M after grossing $30.3M domestically during last weekend's debut. Meanwhile, Comcast (CMCSA, CMCSK) subsidiary Universal's "Everest" jumped to $13.1M after significantly expanding its screen count, while Warner Bros.' "Black Mass" rounded out this weekend's Top 5 at $11.5M.
September 25, 2015
13:17 EDTCMCSAFly Watch: 'Hotel Transylvania 2' expected to top weekend box office
Sony's (SNE) animated sequel "'Hotel Transylvania 2," which is opening in 3,600 theaters, is expected to win this weekend's box office with a domestic gross of $35M-$40M. The next bunch of films are all expecting similar grosses in the mid-to-high teens. Time Warner (TWX) subsidiary Warner Bros.' comedy "The Intern," starring Robert DeNiro and Anne Hathaway, is estimated to open in the $15M-$20M range in 3,305 theaters. Comcast (CMCSA, CMCSK) subsidiary Universal's "Everest," which opened last weekend on IMAX (IMAX), is expanding to over 3,000 theaters this weekend and is estimated to gross in the range of $15M-$17M. Fox's (FOX, FOXA) "Maze Runner: The Scorch Trials," which grossed $30.3M domestically for the weekend of September 20, is expected to earn an estimated $16M in its second weekend of release. Warner Bros.' Whitey Bulger biopic "Black Mass," which took in $23.4M in its domestic opening last weekend, is expected to gross $12.5M-$13M this weekend. Additionally, Lions Gate's (LGF) drug cartel drama "Sicario" is playing in about 50 theaters ahead of the film's wide release on October 2.
10:48 EDTCMCSAMorgan Stanley cautious on media, but sees several stocks punished too hard
Morgan Stanley cut its price targets on a number of media companies, citing the impact of cord cutting and skinny bundles. The firm also reduced its outlook for the pay-TV sector due to its belief that the adoption of skinny bundles will accelerate, while the outlook for cable TV ads has deteriorated slightly, given macro pressures. The firm kept a Cautious view on the media sector, but also identified several stocks in the space that it thinks have been punished too harshly by investors recently. WHAT'S NEW: TV networks in general, and cable networks in particular, have the highest margins in media and are encountering increased top and bottom line competitive pressures, Morgan Stanley analyst Benjamin Swinburne believes. On the top line, they are being hit by ratings and ad pressures as well as cord cutting and distribution consolidation, the analyst stated. Meanwhile, their profit is being hurt by the increased need to obtain new content and intensified competition for content from new sources like Netflix (NFLX) and Google's (GOOG) YouTube, Swinburne said. However, the analyst thinks that media stocks are "starting to get" cheap, given the leverage that many of the companies carry. Swinburne cuts his price target on 21st Century Fox (FOXA) to $31 from $37, on AMC Networks (AMCX) to $86 from $88, on CBS (CBS) to $46 from $56, on Time Warner (TWX) to $72 from $87 and on Viacom (VIAB) to $48 from $60. He kept Overweight ratings on Fox, AMC and CBS, an Equal Weight rating on Time Warner and an Underweight rating on Viacom. OVERDONE DECLINES: Swinburne believes that the declines in three media stocks - CBS, 21st Century Fox, and AMC Networks - have been overdone, while the decline in Comcast's (CMCSA) stock has also been excessive. CBS and 21st Century Fox are "best positioned for the skinny bundle" and have the cheapest valuations relative to their growth rates, Swinburne believes. Meanwhile, AMC Networks has "content momentum" and its EPS can exceed expectations, the analyst believes. Comcast is gaining share in the broadband Internet market, could take share in video soon, and has sufficient scale and offerings to benefit from the increased popularity of skinny bundles, according to the analyst, who kept an Overweight rating on the stock. The media sector could benefit from consolidation going forward, added Swinburne, who recommended that investors interested in buying potential takeover targets in the space focus on AMC Networks, MSG Networks (MSG) and Dreamworks Animation (DWA). He kept Overweight ratings on all three of those stocks. OTHERS TO WATCH: Besides Comcast, other pay TV companies include DISH Network (DISH) and Charter Communications (CHTR). PRICE ACTION: In early trading, Fox A shares lost 0.5% to $25.83, AMC fell 0.3% to $73.29, CBS added 0.2% to $41, Time Warner was little changed at $67.66 and Comcast A shares added 0.6% to $57.17.
1 | 2 | 3 | 4 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use