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Stock Market & Financial Investment News

News Breaks
July 7, 2014
07:26 EDTDTV, TWC, AMCX, T, TWX, DIS, CMCSA, LGF, DISCA, SNIConsolidation in focus as media conference kicks off, WSJ says
As Allen & Co.'s annual media and technology conference in Sun Valley kicks off Tuesday against the backdrop of mega-deals like Comcast's (CMCSA) pending merger with Time Warner Cable (TWC) and AT&T's (T) proposed acquisition of DirecTV (DTV), attendees and industry watchers are wondering which content companies might be in play in the coming months, according to The Wall Street Journal. Analysts and bankers say Discovery Communications (DISCA) could be a target or a buyer in a consolidation wave, the report adds, noting the the company considered buying Scripps (SNI) last year and that analysts have pointed out the benefits of pairing Discovery with Disney (DIS). Other potential M&A targets discussed in the article include AMC Networks (AMCX), Lions Gate Entertainment (LGF) and Time Warner (TWX). Reference Link
News For DISCA;SNI;DIS;AMCX;LGF;TWX;TWC;CMCSA;T;DTV From The Last 14 Days
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May 13, 2015
06:22 EDTCMCSAFacebook introduces Instant Articles, says working with nine launch partners
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05:38 EDTDISAlibaba announces partnership with Disney
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May 12, 2015
17:16 EDTCMCSACenturyLink tests 'Prism' TV in Seattle, Puget Sound Journal says
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12:59 EDTT, DTVRegulators unlikely to block AT&T-DirecTV deal, WSJ says
The FCC and U.S. Justice Department are nearly finished reviewing AT&T's (T) acquisition of DirecTV (DTV), and are unlikely to block the deal, reports The Wall Street Journal, citing people familiar with the matter. Sources said the Justice Department hasn't raised issues, and though the FCC may seek to impose conditions, they are expected to be acceptable to AT&T. Reference Link
12:32 EDTT, DTVDirecTV up 1% after report says regulators unlikely to block AT&T deal
Dow Jones, citing sources, said the U.S. review of the deal is nearing its end and that regulators are unlikely to step in to block the merger.
12:30 EDTT, DTVU.S. unlikely to block AT&T, DirecTV deal, Dow Jones reports
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11:59 EDTTWCCharter still in active talks about Bright House acquisition, Bloomberg reports
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11:38 EDTTLivePerson sinks to 52-week low after cutting fiscal 2015 outlook
Shares of LivePerson (LPSN), a provider of cloud-based digital engagement solutions, are sinking after the firm lowered its outlook for fiscal 2015. WHAT'S NEW: LivePerson yesterday reported first quarter adjusted earnings per share of 4c, in line with analysts' consensus estimates, on revenue of $59.8M, slightly below analysts' consensus estimates of $60.79M. LivePerson said it signed 147 deals in the quarter, including the addition of 30 new customers. Looking ahead to the second quarter, LivePerson forecast adjusted EPS of 0c-2c and revenue of $58.5M-$59.5M, well below the analysts' consensus estimates of 6c and $63.88M, respectively. WHAT'S NOTABLE: The company lowered its fiscal year 2015 adjusted EPS view to 10c-15c from 27c-32c, significantly trailing analysts' consensus estimates of 28c. LivePerson also cut its FY15 revenue outlook to $243M-$247M from $263M-$269M, also well below analysts' estimates of $264.36M. The company reduced reduced FY15 revenue guidance by $21M when comparing the midpoint of its updated guidance range to the midpoint of its previous guidance range. The adjustment reflects the impact of one large customer contract that ended, an increase in foreign exchange headwinds and a slightly slower start to the year than expected as the company intensified its focus on bringing LiveEngage to the market, the company said. LivePerson said it expects to record a $2.5M charge in Q2 related to cost-cutting move, which it described as "reprioritizing on areas showing the highest potential growth." The company believes its cost-savings initiatives will generate approximately $13M of expense savings in 2015. ANALYST REACTION: Credit Suisse this morning downgraded LivePerson to Neutral from Outperform and lowered its price target to $8 from $19. The firm said LivePerson was "forced" to lower revenue guidance for FY15 primarily due to the loss of AT&T (T) as a pay-for-performance chat customer, as well as from a slow sales start and FX. The firm said the ability of LivePerson to transition its large customer base to LiveEngage 2.0 will take longer than previously estimated. PRICE ACTION: In late morning trading, LivePerson fell $1.16, or 12.26%, to $8.30 on more than five times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $8.10. Including today's pull back, the shares have lost approximately 15% over the past 12 months. OTHERS TO WATCH: Other companies offering cloud-based digital engagement solutions include eGain (EGAN), down 1.2%, Zendesk (ZEN), down 4.05%, and Salesforce.com (CRM), up 0.2%.
11:14 EDTDTV, TAOL premium low but likely best bet for AOL shareholders, Bloomberg says
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10:32 EDTTAcacia Research enters settlement, license agreement with AT&T Mobility
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08:31 EDTCMCSA, DIS, DTV, DISCAApple likely to launch TV video service this year, says Pacific Crest
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08:04 EDTDISDisney price target raised to $120 from $105 at Deutsche Bank
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06:41 EDTDIS, DISCA, CMCSATV networks touting digital, targeting technologies to marketers, NY Times says
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May 11, 2015
12:06 EDTTAT&T appoints Jeffrey Lewis Chief Accessibility Officer
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11:03 EDTLGFLionsgate, Google Play partner on 'The Mad Men Experience'
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09:02 EDTCMCSAComcast names Michael Cavanagh as CFO
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06:33 EDTCMCSA, DISCA, DISTV networks worried amid tough competition from digital outlets, NY Times says
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May 10, 2015
18:05 EDTTWX, DTV, SNI, T, DISFCC contract ruling may speed review of AT&T-DirecTV merger, WSJ says
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17:35 EDTDIS, LGF, TWX, CMCSADisney's 'Avengers: Age Of Ultron' leads U.S. weekend box office with $77.2M
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16:06 EDTTWCCharter seeking up to $30B to finance potential Time Warner deal, WSJ says
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