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Stock Market & Financial Investment News

News Breaks
January 15, 2014
14:28 EDTCMCSA, LRY, CMCSKComcast, Liberty Property to develop $1.2B mixed-use tower
Comcast Corporation (CMCSA, CMCSK) and Liberty Property Trust (LRY) announced they will jointly develop the “Comcast Innovation and Technology Center” in Center City Philadelphia. The project will be owned by a joint venture, 80% owned by Comcast and 20% by Liberty Property Trust, and managed by Liberty. The project includes an approximately $1.2B private investment of which approximately $900M will be funded by the joint venture and approximately $300M will be tenant funded interior improvements. The proposed 59-story, 1,121-foot tower will neighbor Comcast Center, Comcast’s global headquarters, and will be home to the operations of local broadcast television stations NBC 10/WCAU and Telemundo 62/WWSI. In addition to office space, the Comcast Innovation and Technology Center will house a Four Seasons hotel, featuring more than 200 rooms. Four Seasons will continue to manage its existing hotel at 1 Logan Square and assist the owner with the transition to a new brand prior to the expected opening of the new hotel in 2017.
News For CMCSA;LRY;CMCSK From The Last 14 Days
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August 27, 2014
11:56 EDTCMCSA, CMCSKNY Governor Cuomo orders investigation of Time Warner Cable outage
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August 26, 2014
10:51 EDTCMCSAZoom Telephonics files FCC petition opposing Charter's cable modem policies
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09:35 EDTCMCSANetflix files formal protest against Comcast merger, Engadget reports
Netflix (NFLX) has filed a petition to the FCC against the proposed merger between Comcast (CMCSA) and Time Warner Cable (TWC), as the streaming company has previously indicated it would, reported Engadget. Netflix claims the deal would result in "serious public interest harm" and that a merged cable giant would have huge leverage over it and rivals like Hulu, which is a joint venture owned by Comcast itself along with partners Disney (DIS) and 21st Century Fox (FOXA). Reference Link
August 25, 2014
19:00 EDTCMCSADISH Network petitions FCC to deny Comcast, Time Warner merger
Citing irreparable harm to competition and consumers, DISH Network (DISH) petitioned the Federal Communications Commission, or FCC, to deny the merger of Comcast (CMCSA) and Time Warner Cable (TWC). The petition to deny outlines, among other things, the critical role high-speed broadband plays in the video industry and the potential for the merger to significantly damage competitive development of over-the-top video and limit consumer access to online video programming.
06:20 EDTCMCSAFCC seeks more data from Comcast regarding TWC deal, Reuters says
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August 22, 2014
05:58 EDTCMCSA, CMCSKComcast launches streaming TV services for college campuses, WSJ reports
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