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Stock Market & Financial Investment News

News Breaks
July 9, 2014
15:54 EDTTWC, DTV, CMCSA, T, DISHDISH expresses concerns over Comcast, AT&T deals to FCC
DISH Network (DISH) submited a letter summarizing its meetings on Monday, July 7, with FCC Chairman Tom Wheeler and others at the regulator. In the letter, DISH wrote that the pending merger of Comcast (CMCSA) and Time Warner Cable (TWC) "presents serious competitive concerns for the broadband and video marketplaces and therefore should be denied." DISH also said that it had expressed during its meetings that the recently announced deal between AT&T (T) and DIRECTV (DTV) "presents competitive concerns." During the meetings, DISH said that it plans to participate in the upcoming AWS-3 auction and "looks forward to meaningfully participating in the upcoming 600 MHz Broadcast Incentive Auction," the letter states. Reference Link
News For DISH;CMCSA;TWC;T;DTV From The Last 14 Days
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April 17, 2015
14:09 EDTTWC, CMCSATime Warner Cable options active on report says DOJ leaning toward lawsuit
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14:06 EDTCMCSA, TWCDOJ lawyers leaning toward suit to block Comcast-TWC deal, Bloomberg says
Lawyers at the Justice Department’s antitrust division are leaning toward making a recommendation to file suit to block Comcast’s (CMCSA) proposed purchase of Time Warner Cable (TWC), according to Bloomberg, citing people familiar with the matter. Staff attorneys could submit their review to Renata Hesse, a deputy assistant attorney general for antitrust, as soon as next week, the report added. John Malone, the chairman of Liberty Media (LMCA), has previously said that Charter Communications (CHTR) would look to buy Time Warner Cable if its deal with Comcast falls through. Shares of Comcast are down 2.6% to $58.11 in afternoon trading after Bloomberg's report, while Time Warner Cable shares are down 5.6% to $149.30. Reference Link
14:00 EDTTWC, CMCSATime Warner Cable drops 5.5% after Bloomberg says DOJ leaning toward lawsuit
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13:57 EDTCMCSA, TWCDOJ close to recommending suit to block Comcast-TWC deal, Bloomberg says
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08:41 EDTDTVOrbital ATK delivers DirecTV SKYM-1 satellite to launch site ahead of schedule
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06:17 EDTCMCSA, DISH, DTVVerizon to offer monthly custom TV plans, Reuters reports
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April 15, 2015
18:36 EDTTWC, CMCSANetflix CEO says company looking for FCC to block Comcast/Time Warner deal
Netflix (NFLX) CEO Reed Hastings reiterated that the FCC should block the Comcast (CMCSA) and Time Warner Cable (TWC) merger. Comment provided during Q1 earnings interview.
10:36 EDTTWCBofA/Merrill U.S. credit analysts hold an analyst/industry conference call
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10:19 EDTDTVOptions with decreasing implied volatility
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09:47 EDTCMCSAComcast price target raised to $84 from $70 at BofA/Merrill
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08:35 EDTDISHRovi to power DISH's voice-based TV interface
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06:46 EDTTAT&T files lawsuit to challenge net neutrality order, WSJ says
AT&T filed a lawsuit to overturn the FCC's net neutrality order to reclassify the internet as a telecommunications service, reports the Wall Street Journal. The move is surprising, as AT&T didn't join in prior suits, the Journal adds. Reference Link
April 14, 2015
12:40 EDTTPCTEL lowers FY15 revenue to $124M-$130M from $133M-$138M, two estimates $130M
Following its March 5 acquisition of Nexgen Wireless, PCTEL (PCTI) reported in a regulatory filing earlier that on April 7, Samsung Electronics America, a Samsung (SSNLF) subsidiary, provided Nexgen and PCTEL with a notice of Samsung’s election to terminate, effective April 30, the contractor services agreement between Samsung and Nexgen. Nexgen furnishes services to Samsung under the CSA including Meridian software-based services and contract personnel. The termination applies to the CSA only and will have no effect on other agreements between Samsung and Nexgen or PCTEL. The company continues to forecast 15%-18% revenue growth over FY14 and views the Nexgen acquisition as accretive to earnings in FY15. The company has revised its overall revenue forecast for FY15 in light of reduced business with Samsung, the reduction in capital spending by AT&T (T), and a decline in new network infrastructure investment in the oil and gas market. The company has revised revenue guidance from $133M-$138M to $124M-$130M. Finally, the company and Nexgen have signed a term sheet calling for a material reduction of the total consideration paid or payable by PCTEL for the Nexgen assets, and a material reduction of the equity compensation for which John Thakkar, the founder and president of Nexgen, will be eligible. These reductions seek to align the asset acquisition costs with the revised revenue and EBITDA estimates.
10:34 EDTDTVOptions with decreasing implied volatility
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09:11 EDTDISHDISH says Netflix now availble to Joey clients
DISH (DISH) announced that it began making Netflix (NFLX) available on Hopper’s accompanying Joey units for second, third and fourth-room viewing. With this update, DISH becomes the first major U.S. pay-TV provider to offer its customers a whole-home Netflix experience, the company said. The Joey launch follows the launch of the Netflix app on its second-generation Hopper DVR in December, DISH noted. DISH also said it became the first pay-TV provider to offer Vevo, which gives customers access to more than 140,000 music videos from their TV. The new Vevo app begins rolling out to DISH’s second-generation Hopper today.
05:51 EDTCMCSANBCUniversal teams with Germany, France broadcasters to create shows, WSJ says
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April 13, 2015
20:16 EDTTUSTelecom files net neutrality lawsuit against FCC
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08:56 EDTTWC, CMCSACPUC Commissioner asking for Comcast deal to be rejected, CT Financial News says
California Public Utilities Commissioner Mike Florio filed an alternate proposed decision on the planned merger of Comcast (CMCSA) and Time Warner Cable (TWC) that, in effect, asks the other four commissioners to reject a preliminary approval of the merger issued by a CPUC administrative law that included 25 conditions that Comcast must agree to in order to secure the pact, said CT Financial News. Reference Link
07:22 EDTCMCSA, TWCWave of media M&A may be on the way, WSJ says
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06:24 EDTDISHTime Warner tries to win over TV providers in cord-cutter pitch, WSJ says
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