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Stock Market & Financial Investment News

News Breaks
December 12, 2012
08:31 EDTMGM, VIA, LGF, VZ, VIAB, CSTRRedbox Instant by Verizon releases details of disc and digital movie service
Redbox Instant by Verizon, a joint venture between two market leaders, Redbox, a subsidiary of Coinstar (CSTR), and Verizon Communications (VZ), unveiled further details of its soon-to-launch service and announced agreements with Hollywood studios and device manufacturers that will bring thousands of popular movies to consumers at home and on the go. Later this month, the Redbox Instant by Verizon beta product will launch to consumers. Priced at $8.00 per month, Redbox Instant by Verizon offers a subscription package that combines unlimited streaming of thousands of popular movies, including titles from premium network EPIX, with four one-night credits per month for the latest movie releases on DVD at Redbox kiosks. For $1.00 more, or $9.00 per month, customers can opt to redeem their four credits for rentals on Blu-ray Disc at the kiosk. Through the agreement with EPIX, Redbox Instant by Verizon's subscription customers will be able to instantly stream new releases such as Mission Impossible: Ghost Protocol and The Hunger Games from EPIX's studio partners, Viacom's Paramount Pictures (VIA, VIA.B), Lionsgate (LGF), and MGM (MGM) 90 days after they premiere in the traditional premium window.
News For CSTR;VZ;VIA;VIAB;LGF;MGM From The Last 14 Days
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April 22, 2014
08:01 EDTVZJacobs Engineering to acquire Verizon's FNS subsidiary
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07:25 EDTVIANatural E Creative Group to hold a summit
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07:16 EDTVZiPhone sales could be hurt by fading phone subsidies, WSJ reports
Sales of Apple's (AAPL) iPhones may be further pressured as carriers make faster progress in transitioning customers away from subsidies, the Wall Street Journal reports. U.S. wireless carriers like T-Mobile US (TMUS) and AT&T (T) have been having more success than expected in moving customers to non-subsidy plans, a transition that could harm sales of expensive handsets such as the iPhone. Reference Link
April 20, 2014
17:11 EDTVZVerizon, AT&T may be limited in upcoming spectrum auction, WSJ says
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April 17, 2014
16:31 EDTLGFLionsgate to integrate movie marketing operations, Nancy Kirkpatrick to resign
Lionsgate is integrating the marketing operations of its Lionsgate and Summit film labels, the company announced. As a result of this integration, Nancy Kirkpatrick, who has served as Summit Entertainment's president of Worldwide Marketing for the past six years, will resign at the end of this month. Kirkpatrick shepherded the marketing of all five films of the Twilight Saga franchise and the recent launch of the company's new Divergent franchise. The company's feature film marketing is being integrated under Chief Marketing Officer Tim Palen, who will have marketing oversight of the company's Lionsgate and Summit film labels as well as its Pantelion Films joint venture with Televisa and its urban Codeblack Films label along with expanded responsibilities for merchandising, theme park attractions and new business opportunities generated by the company's franchises.
07:54 EDTVZVerizon 2014 consensus estimates have upside, says Jefferies
Jefferies sees upside to the 2014 consensus estimates for Verizon given the better than expected equipment installment plans market. The firm sees 17% upside to its year-end price target of $55 and it keeps a Buy rating on Verizon.
April 16, 2014
07:12 EDTVIA, VIABBSkyB, Discovery make joint offer for Channel 5, Bloomberg says
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April 15, 2014
13:49 EDTVZEarnings Preview: Analysts optimistic on Intel ahead of Q1 report
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08:01 EDTMGMMGM Resorts and Hakkasan Group form joint venture hotel management company
MGM Resorts International and Hakkasan Group announced the formation of a joint venture hotel management company, to be named MGM Hakkasan Hospitality. The strategic alliance will focus on the design, development and management of luxury non-gaming hotels, resorts and residential offerings under the Bellagio, Hakkasan, MGM Grand and SKYLOFTS brands in key international gateway cities and prime resort destinations across the globe. All of the hotel and resort projects currently under development by each group will be contributed to the joint venture, including MGM projects in the Americas, the Middle East, and Asia; and Hakkasan projects in Abu Dhabi and Dubai.
April 14, 2014
14:06 EDTMGMNew Jersey reports March Atlantic City gaming win down 2.2% to $233.4M
New Jersey reported total gaming win from the casino hotels and Internet gaming operations was $233.4M in March, a 2.2% decline compared to the casino win for the same month of last year, including Atlantic Club. Casino win from the eleven casino hotels open in both March 2013 and 2014 decreased by 1.9%. Internet gaming win increased 15.2% for the month, from $10.3M in February to $11.9M for March. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
09:10 EDTVZT-Mobile CEO starts petition for consumers to call on peers to end overages
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09:06 EDTLGFLionsgate and RocketJump Studios announce content partnership
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09:05 EDTVZT-Mobile abolishes consumer overages, challenges other providers to follow suit
T-Mobile (TMUS) announced a campaign to eliminate overage penalties, one of the most reviled wireless industry practices. While abolishing overages for all customers on T-Mobile consumer plans, its CEO has also laid down a challenge to the nation's largest carriers, AT&T (T), Verizon (VZ) and Sprint (S), to do the same.
07:06 EDTVZU.S. Geospatial Intelligence Foundation to hold a symposium
GEOINT 2013 Symposium, originally scheduled for October 2013, is being held in Tampa, Florida on April 14-17.
April 11, 2014
10:51 EDTLGFLionsgate says repurchased $60M of stock in last few weeks
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10:07 EDTMGMMGM Resorts volatility increases into Q1 and Macau outlook
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09:19 EDTVZANADIGICS ships AWC6383 dual-band ProVantage PA to Samsung
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07:26 EDTVZTime Warner struggling to force Dodgers network on pay-TV players, LAT say
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April 10, 2014
10:24 EDTMGMMGM holds up amid broader downtrend after analyst recommends stock
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08:14 EDTMGMMGM Resorts weakness creates long-term buying opportunity, says Stifel
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