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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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April 17, 2015
14:46 EDTCMCSATime Warner Cable says no indication from DOJ that lawyer leaning against deal
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14:37 EDTCMCSAComcast announces 2 Gigabit residential service In California
Comcast announced it will launch Extreme 250, a new 250 Mbps Internet speed tier for California customers. The company also will increase its Performance tier from 50 Mbps to 75 Mbps and its Blast tier from 105 Mbps to 150 Mbps, both at no additional cost to customers. These changes will all go into effect starting in May and continue throughout the year. Gigabit Pro will be available to homes within close proximity of Comcast's fiber network and will require installation of professional-grade equipment. Comcast first announced Gigabit Pro in Atlanta earlier this month.
14:09 EDTCMCSATime Warner Cable options active on report says DOJ leaning toward lawsuit
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14:06 EDTCMCSADOJ lawyers leaning toward suit to block Comcast-TWC deal, Bloomberg says
Lawyers at the Justice Departmentís antitrust division are leaning toward making a recommendation to file suit to block Comcastís (CMCSA) proposed purchase of Time Warner Cable (TWC), according to Bloomberg, citing people familiar with the matter. Staff attorneys could submit their review to Renata Hesse, a deputy assistant attorney general for antitrust, as soon as next week, the report added. John Malone, the chairman of Liberty Media (LMCA), has previously said that Charter Communications (CHTR) would look to buy Time Warner Cable if its deal with Comcast falls through. Shares of Comcast are down 2.6% to $58.11 in afternoon trading after Bloomberg's report, while Time Warner Cable shares are down 5.6% to $149.30. Reference Link
14:00 EDTCMCSATime Warner Cable drops 5.5% after Bloomberg says DOJ leaning toward lawsuit
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13:57 EDTCMCSADOJ close to recommending suit to block Comcast-TWC deal, Bloomberg says
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13:39 EDTSNEElectronic Arts says Star Wars Battlefront begins shipping November 17
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07:15 EDTSNEMarch NPD video game software sales declined 3%, says Piper Jaffray
Piper Jaffray notes March NPD video game software sales declined 3% year-over-year, with major titles for the month including Electronic Arts' (EA) Battlefield Hardline, Bloodborne from Sony (SNE) and Take-Two's (TTWO) Grand Theft Auto V. Piper notes the monthly decline is the first in 2015, leaving the segment up 2% through the first three months combined. It keeps Overweight ratings on Activision Blizzard (ATVI), Electronic Arts, GameStop (GME) and Take-Two.
06:17 EDTCMCSAVerizon to offer monthly custom TV plans, Reuters reports
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05:53 EDTSNEWikiLeaks publishes previously hacked Sony emails, Financial Times reports
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April 15, 2015
18:36 EDTCMCSANetflix CEO says company looking for FCC to block Comcast/Time Warner deal
Netflix (NFLX) CEO Reed Hastings reiterated that the FCC should block the Comcast (CMCSA) and Time Warner Cable (TWC) merger. Comment provided during Q1 earnings interview.
09:47 EDTCMCSAComcast price target raised to $84 from $70 at BofA/Merrill
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April 14, 2015
13:20 EDTSNERecord labels lobby for better royalties from YouTube, Dailymotion, FT says
The International Federation of the Phonographic Industry alleged Tuesday that certain digital video platforms including Google's (GOOG) YouTube and Orange's (ORAN) Dailymotion are relying too much on "safe harbour" laws to avoid paying royalties to record labels, reports the Financial Times, citing statements by IFPI CEO Frances Moore. The move comes as the European Commission weighs reforming EU copyright law. The IFPI is a recording industry group that counts Sony (SNE) Music Entertainment and Vivendi's (VIVHY) Universal Music Group among its members. Reference Link
05:54 EDTSNESony creates unit built for local language production, Financial Times says
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05:51 EDTCMCSANBCUniversal teams with Germany, France broadcasters to create shows, WSJ says
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April 13, 2015
08:56 EDTCMCSACPUC Commissioner asking for Comcast deal to be rejected, CT Financial News says
California Public Utilities Commissioner Mike Florio filed an alternate proposed decision on the planned merger of Comcast (CMCSA) and Time Warner Cable (TWC) that, in effect, asks the other four commissioners to reject a preliminary approval of the merger issued by a CPUC administrative law that included 25 conditions that Comcast must agree to in order to secure the pact, said CT Financial News. Reference Link
08:42 EDTSNEPandora rises after Spotify reportedly valued above $8B in fundraising
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07:22 EDTCMCSAWave of media M&A may be on the way, WSJ says
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April 12, 2015
18:11 EDTSNEEx-hacker says many capable of launching Sony-style cyber attack, CNET says
Ninety percent of companies are vulnerable to a Sony (SNE)-like cyber attack security experts tell "60 Minutes," CNET says. Companies in the cyber security space include Barracuda (CUDA), FireEye (FEYE), Check Point (CHKP), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Qualys (QLYS), Symantec (SYMC) and Proofpoint (PFPT). Reference Link
15:58 EDTCMCSAComcast's 'Furious 7' maintains lead at weekend box office with $60.6M
Rentrak announced the official domestic weekend box office estimates for the weekend of April 12, as compiled by the company's theatrical measurement services. Universal's (CMCSA) "Furious 7" topped the domestic weekend box office with $60M; 21st Century Fox's (FOX, FOXA) "Home" came in second place at the box office with $19M; 21st Century Fox's (FOX, FOXA) "The Longest Ride" came in third place with with $13.5M; Warner Bros.' (TWX) "Get Hard" came in fourth place with with $8.6M and Disney's (DIS) "Cinderella" came in fifth place with $7.2M.
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