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Stock Market & Financial Investment News

News Breaks
January 27, 2014
07:55 EDTCMCSAComcast price target raised to $59-$61 from $51-$53 at Wells Fargo
Wells Fargo increased its price target on Comcast as the firm raised its estimates for the company, and believes that its longer term growth outlook has improved. The firm expects the company's Q4 results to beat expectations and keeps an Outperform rating on the shares.
News For CMCSA From The Last 14 Days
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January 30, 2015
10:18 EDTCMCSAOptions with increasing implied volatility
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January 29, 2015
12:53 EDTCMCSAFirst Eagle Investment reports 5.69% passive stake in Comcast
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12:46 EDTCMCSAFCC's broadband standard may be obstacle to Comcast-TWC merger, Bloomberg says
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09:28 EDTCMCSATime Warner Cable, Comcast extend merger deadline to Aug. 15
In a regulatory filing, Time Warner Cable (TWC) and Comcast (CMCSA) announced Section 10.01(b)(i) of the Merger Agreement contemplates that the “End Date” of the Merger Agreement may be extended by a period of six months to August 12. Comcast and Time Warner Cable agree that the End Date is hereby extended to August 12, as contemplated by the Merger Agreement.
08:39 EDTCMCSATime Warner Cable will not provide guidance ahead of merger with Comcast
Comments provided during Q4 earnings conference call.
January 26, 2015
13:17 EDTCMCSALetters supporting Comcast-TWC merger ghostwritten by Comcast, The Verge says
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January 23, 2015
08:12 EDTCMCSAComcast lobbyists challenged by dual fights in Washington, WSJ says
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January 21, 2015
08:31 EDTCMCSAAT&T CEO says net neutrality may end up in Supreme Court, CNBC says
AT&T (T) Chairman and CEO Randall Stephenson believes the net neutrality debate may have to be settled by the Supreme Court, reports CNBC, citing a CNBC interview on Wednesday from the World Economic Forum in Davos. Stephenson stated, "We need a neutral Internet... I think everyone agrees with that. Where everyone is getting stuck now is going beyond that." Stephenson also stated the neutrality debate will not affect his company's decision to bid $49B for DirecTV (DTV), though he believes a quick decision from the FCC could quicken Comcast's (CMCSA, CMCSK) $45B negotiations for Time Warner Cable (TWC). Reference Link
06:17 EDTCMCSAOverstock to introduce streaming-video service later this year, WSJ reports
Overstock.com (OSTK) is planning to launch a streaming-video service later this year, CEO Patrick Byrne announced at the National Association of Television Program Executives conference, The Wall Street Journal reports. Overstock would compete in the space with Amazon (AMZN), Hulu (DIS, CMCSA, CMCSK, FOXA), Netflix (NFLX), and Time Warner's (TWX) HBO is also planning a standalone online streaming service that will launch this year. The new Overstock service would be tied to the company's $20-per-year Club O membership program and will launch with about 30,000 titles. Reference Link
January 20, 2015
17:46 EDTCMCSANetflix says 'looking good' to reach 60M-90M U.S. subscriptions
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14:00 EDTCMCSAFCC fines Viacom, ESPN $1.4M after brodcasting EAS tones to promote movie
The Federal Communications Commission fined Viacom (VIA) and ESPN (DIS) $1.4M for misusing the Emergency Alert System warning tones. The cable networks transmitted EAS warning tones for several days in 2013 to promote the movie “Olympus Has Fallen,” which portrayed a terrorist attack on Washington, D.C. Broadcast or transmission of these tones outside an emergency or test violates the FCC’s laws protecting the integrity of the system. The networks admitted that the commercial contained actual EAS codes and appeared multiple times on the networks. In March 2014, the FCC proposed a total fine of $1,930,000 against NBCUniversal (CMCSA), ESPN, and Viacom. NBCUniversal paid its $530,000 fine, but ESPN and Viacom objected and requested reductions. The FCC rejected their arguments and imposed fines of $1,120,000 against Viacom and $280,000 against ESPN. The fines, which differ based on several factors including the number of channels involved and the number of transmissions on each channel, must be paid in 30 days.

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