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Stock Market & Financial Investment News

News Breaks
May 12, 2014
07:33 EDTSNE, CMCSAUniversal's 'Neighbors' knocks 'Spider-Man' from box office top spot, WSJ says
The comedy "Neighbors" from Comcast's (CMCSA) Universal Pictures took in an estimated $51.1M in the U.S. and Canada, knocking Sony's (SNE) "The Amazing Spider-Man 2," which grossed $37.2M domestically, down to second place in its second week of release, reported The Wall Street Journal. Reference Link
News For CMCSA;SNE From The Last 14 Days
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March 20, 2015
09:59 EDTCMCSACharter may have interest in Cablevision 'at some point,' says Detwiler
Detwiler Fenton believes there is truth to last week's reports of Charter (CHTR) being in talks to acquire Bright House Networks. In addition, the firm says its checks indicate Charter may have interest in buying Suddenlink Communications and Cablevision (CVC) "at some point" as a part of a lager acquisition strategy. Detwiler adds Charter's potential deal strategy assumes Comcast's (CMCSA) bid for Time Warner (TWC) wins regulatory approval. Should the deal not get approved, Detwiler believes Charter will turn its attention back to Time Warner.
08:13 EDTCMCSACanada to 'unbundle' cable TV offerings by December 2016
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06:36 EDTCMCSA, SNEWeb TV companies ask internet providers for special treatment, WSJ says
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06:06 EDTSNESony Mobile expected to reach revised smartphone shipment target, DigiTimes says
Sony Mobile said its Q4 smartphone shipments increased 20.2% sequentially to 11.9M units, reports DigiTimes. According to Taiwan-based hanset component suppliers, Sony Mobile is expected ship over 8M smartphones in the first calendar quarter of 2015, allowing the vendor to reach its revised target of 39.2M units for FY14. Reference Link
March 19, 2015
07:04 EDTCMCSAAmerican Express confirms plans to launch Plenti loyalty program
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March 18, 2015
12:09 EDTCMCSA, SNESony announces launch of PlayStation Vue in New York, Chicago, Philadelphia
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09:23 EDTCMCSAVerizon may launch mobile TV service as soon as June, Bloomberg says
Verizon (VZ) has secured mobile television streaming rights with Viacom (VIA, VIAB) and DreamWorks Animation (DWA) and plans to start a mobile video streaming service as early as June, according to Bloomberg, citing a person familiar with the matter. Verizon plans to have programming from ABC (DIS), NBC (CMCSA), CBS (CBS) and Fox (FOXA) as part of the service, the report added. The Fly notes that Verizon has publicly confirmed previously that it plans to launch such a service, but has not provided many details to date.
07:54 EDTCMCSAComcast may be forced to put content on Apple TV, NY Post says
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07:30 EDTCMCSAAT&T-DirecTV getting less attention than Comcast-Time Warner Cable, Reuters says
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06:16 EDTCMCSAAmerican Express to launch Plenti loyalty program this spring, WSJ reports
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March 17, 2015
16:40 EDTCMCSACharter shareholders approve share issuance in transactions with Comcast
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13:06 EDTCMCSABattleground: Analysts take opposite sides on Netflix
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12:46 EDTCMCSANBC planning for cable-dependent Apple TV app for 2H15, 9to5Mac reports
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11:36 EDTCMCSAApple may launch standalone TV in 2016, says Piper Jaffray
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11:23 EDTSNEApple willing to share TV data to attract programming partners, NY Post reports
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10:21 EDTCMCSAAtlanta Braves and Comcast announce technology and real estate partnership
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09:03 EDTSNEElectronic Arts, Visceral Games announce availability of Battlefield Hardline
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05:55 EDTSNEVAIO expected to become strong competitor to Sony smartphones, DigiTimes says
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March 16, 2015
10:44 EDTCMCSANetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.
March 15, 2015
19:12 EDTSNEDisney's 'Cinderella' takes top spot at domestic weekend box office with $70.1M
Rentrak (RENT) announced the official domestic weekend box office estimates for the weekend of March 15, as compiled by the company's theatrical measurement services. Disney's (DIS) "Cinderella" took the top spot at the domestic weekend box office with $70.1M: Warner Bros' (TWX) "Run All Night" took the second spot at the box office with $11M; 20th Century Fox's (FOX, FOXA) "Kingsman: The Secret Service" took third with $6.2M; Warner Bros' "Focus" took the fourth spot at the box office with $5.8M and Sony's (SNE) "Chappie" took fifth place with $5.8M.
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