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Stock Market & Financial Investment News

News Breaks
November 2, 2012
08:20 EDTRLD, DIS, IMAX, CNK, RGC, CKECDisney's 'Wreck-It Ralph' set to win weekend box office, LAT says
Disney's (DIS) "Wreck-It Ralph" should open to between $45M-$50M this weekend, according to pre-release surveys, though studio and theater executives are uncertain what impact Hurricane Sandy will have on attendance, reported The Los Angeles Times. Reference Link
News For DIS;CKEC;CNK;RLD;RGC;IMAX From The Last 14 Days
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January 26, 2015
10:00 EDTIMAXOn The Fly: Analyst Initiation Summary
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08:48 EDTIMAXIMAX initiated with a Buy at Rosenblatt
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January 21, 2015
08:39 EDTDISDisney reports five employees affected by California measles outbreak, AP says
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06:17 EDTDISOverstock 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 EDTDISNetflix says 'looking good' to reach 60M-90M U.S. subscriptions
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14:00 EDTDISFCC 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.
January 16, 2015
10:01 EDTRGCOn The Fly: Analyst Downgrade Summary
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08:42 EDTRGCRegal Entertainment downgraded at Stifel
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06:21 EDTRGCRegal Entertainment downgraded to Hold from Buy at Stifel
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January 15, 2015
16:33 EDTRGCRegal Entertainment determines sale of company not in best interest of holders
Regal Entertainment announced that its board, in the course of its examination of strategic alternatives and with the advice of Morgan Stanley after a thorough market review, has determined that a sale of the company would not be in the best interest of its shareholders at this time. The board, consistent with its fiduciary duties, remains committed to evaluating any alternatives that would enhance shareholder value but does not plan to make additional comments on those alternatives unless it becomes appropriate.
16:32 EDTRGCRegal Entertainment will not sell company
07:31 EDTIMAXIMAX a Top Idea for 2015 at MKM Partners
MKM Partners named IMAX a Top Idea for 2015 and expects it to be a breakout year for the company due to a strong film slate, expanding China presence, and cost containment that will drive revenue growth and margin expansion. Shares are Buy rate with an increased price target of $36 from $34.
January 13, 2015
14:04 EDTDISCalifornia connects 26 measles cases to Disneyland, Reuters says
Health officials in California have confirmed additional cases of measles in people who attended Disneyland (DIS) last month, increasing the number of people infected to 26, Reuters reports. Reference Link
11:58 EDTDISESPN sets cable ratings record for college championship game, Variety says
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