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Stock Market & Financial Investment News

News Breaks
November 9, 2012
12:26 EDTDIS, JCP, GRPN, KYAK, PCLN, ZIP, LGF, SCLN, STRAOn The Fly: Midday Wrap
Stocks on Wall Street were higher at midday as positive economic data in the U.S. and China temporarily distracted investors from worrying over political deadlock getting in the way of progress. The averages opened lower but two economic reports issued near 10 am ET provided a catalyst for a bounce. The averages moved into positive territory ahead of House Speaker John Boehnerís speech on tackling the fiscal cliff crisis and the averages stood near session highs around noon... ECONOMIC EVENTS: In the U.S., import prices rose 0.5% in October from the prior month, versus expectations for them to be flat. Export prices in October were unchanged. The preliminary University of Michigan consumer sentiment reading for November came in at 84.9, versus the expected 82.9. Wholesale inventories were reported to have increased 1.1% in September, versus expectations for an increase of 0.4%. Also, the Congressional Budget Office estimated that going over the fiscal cliff would cut U.S. economic output by about 3%, driving the nation back into recession next year. In Europe, French industrial production fell 2.7% in September from August and the Bank of France warned its economy, Europeís second-largest, may be poised to tip into recession. In China, factory output rose 9.6% in October from a year earlier, beating expectations, and inflation unexpectedly cooled to the slowest pace in 33 months... COMPANY NEWS: Three well known brand names were down after their companies' quarterly reports: Disney (DIS), J.C. Penney (JCP) and Groupon (GRPN). Disney was the Dow Industrial average's worst performer, falling nearly 6%, after its earnings were in-line with consensus but revenues were lighter and Janney Capital downgraded the stock to a Neutral rating. J.C. Penney shares slid about 6% as well after it reported a worse than expected loss and said same store sales dropped 26.1%, making for its third straight quarter of losses and double digit sales declines. Groupon's stock was hardest hit, plunging 27% in midday trading, after it was downgraded by at least four firms and price targets were lowered at several others following the company's disappointing Q3 results and Q4 guidance... MAJOR MOVERS: Among the notable gainers was Kayak Software (KYAK), which jumped 27% after agreeing to be acquired by Priceline.com (PCLN) in a stock and cash transaction equivalent to $40 per share of Kayak stock. Shares of Priceline advanced fractionally after the deal announcement. Advancers after their earnings reports included Zipcar (ZIP), which jumped over 21%, and Lions Gate Entertainment (LGF), which rose almost 13%. Among the noteworthy losers were SciClone (SCLN), down 24% after cutting its 2012 adjusted earnings view, and Strayer Education (STRA), down 16% after its full-year earnings outlook was well below consensus estimates and the company suspended its dividend... INDICES: Near noon, the Dow was up 65.43, or 0.51%, to 12,876.75; the Nasdaq was up 30.87, or 1.07%, to 2,926.45; and the S&P 500 was up 12.46, or 0.90%, to 1,389.97.
News For DIS;JCP;GRPN;KYAK;PCLN;ZIP;LGF;SCLN;STRA From The Last 14 Days
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July 17, 2014
09:31 EDTDISMattel says 'Frozen' brand continuing to grow
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06:37 EDTDISFox purchase of Time Warner would challenge ESPN, Reuters says
If 21st Century Fox (FOXA) buys Time Warner (TWX), Fox would mount a significant challenge to Disney's (DIS) ESPN, according to Reuters. An acquisition of Time Warner would add March Madness, prime-time NBA games, and more Major League Baseball games to Fox's already significant arsenal of popular sports events, the news service explained. Reference Link
July 16, 2014
18:03 EDTPCLNMedAssets to replace OpenTable in S&P 600 as of 7/23 close
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12:26 EDTDISOn The Fly: Midday Wrap
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09:17 EDTLGFLionsgate extends long-term agreement with Australia's Roadshow Films
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07:30 EDTDISTime Warner turned down $80B offer from 21st Century Fox, NYT says
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07:24 EDTDISSiemer & Associates to hold a summit
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05:58 EDTDISCBS CEO says 'willing to talk' to Aereo, VentureBeat reports
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July 15, 2014
10:38 EDTLGFLionsgate rises after announcing collaboration with Alibaba
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09:59 EDTSTRAApollo Education discloses new Department of Education review
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09:21 EDTLGFOn The Fly: Pre-market Movers
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09:02 EDTLGFLionsgate deal with Alibaba positive for shares, says Piper Jaffray
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06:43 EDTDISTime Warner looks for NBA programming deal renewal, Bloomberg says
Time Warner (TWC) and Disney's (DIS) ESPN are looking to renew the last big U.S. sports agreement with the National Basketball Association thatís up for grabs until 2021, according Reuters, citing people familiar with the talks. Time Warner and Disney, which divvy-up airing the games, pay the league an average total of $930M annually. Reference Link
06:36 EDTDISNBA seeks to double TV-rights fees from Disney, Time Warner, WSJ reports
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05:28 EDTLGFLionsgate, Alibaba form strategic collaboration
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July 14, 2014
09:31 EDTLGFAT&T, EPIX reach carriage agreement
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06:56 EDTDISDisney, CBS, Discovery questioned over Comcast merger, Bloomberg says
Disney (DIS), Discovery (DISCA) and CBS (CBS) are being questioned by U.S. antitrust officials who are investigating Comcast's (CMCSA) planned purchase of Time Warner Cable (TWC), according to Bloomberg, citing three people familiar with the matter. Reference Link
July 13, 2014
15:18 EDTJCPJ.C. Penney CEO successor search faces setback, WSJ says
It appears that J.C. Penney (JCP) is not having an easy time of identifying a successor for current CEO Myron Ullman, says the Wall Street Journal. According to the WSJ report, Mindy Grossman, CEO of HSN (HSNI), who is considered the lead candidate for Ullman's position, had been in talks with J.C. Penney but could not agree on terms and negotiations broke down moths ago. Reference Link
11:23 EDTDISHulu and South Park announce exclusive multi-year content licensing deal
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July 11, 2014
06:10 EDTPCLNJPMorgan expects solid Q2 results in Internet space
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