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Stock Market & Financial Investment News

News Breaks
February 16, 2014
13:29 EDTDISH, HRG, FIGLightSquared files new reorganization plan, WSJ says
Wireless venture, LightSquared has filed a new $2.65B reorganization plan that doesn't include participation from Dish Network (DISH) or require regulatory approval for its network, says the Wall Street Journal. The new plan, which will be supported by Fortress (FIG), Harbinger (HRG) and Melody Capital Advisors, will pay Dish's Ergen, who owns $850M of the debt, in full if he votes for the plan, added the Wall Street Journal. Reference Link
News For DISH;FIG;HRG From The Last 14 Days
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January 30, 2015
14:09 EDTDISHDISH negative reaction after auction seems a bit overdone, says Wells Fargo
Wells Fargo estimates, based on information on the FCC's website, that two DISH Network (DISH) related vehicles won $10B net and $13.3B gross of AWS-3 spectrum net. The firm views the negative reaction in DISH shares following the release of the auction details as "a bit overdone," noting that total amount DISH spent appears to be $2B more than the firm expected, which it does not see as a "thesis changer." Wells also said DISH managed to block Verizon (VZ) out of the key markets of New York, Chicago, and Boston with its wins of some large paired H-Block and I-Block licenses in those areas. The firm has an Outperform rating on DISH shares.
13:24 EDTDISHDISH issues statement on AWS-3 auction results
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13:13 EDTDISHDISH sinks after FCC announces AWS-3 auction results
Shares of DISH Network (DISH) are volatile and trading lower after the Federal Communications Commission posted the results of its AWS-3 spectrum auction, which raised a total of $41.33B. 31 winning bidders won a total of 1,611 licenses, the FCC noted. Among them, AT&T (T) submitted a total winning bid net amount of $18.19B, Verizon's (VZ) winning bids totaled $10.43B, DISH Network (DISH) won a bid of $10B and T-Mobile (TMUS) had a winning net bid amount of $1.77B. Following the posting of the results to the regulator's website, shares of DISH have been volatile. DISH shares are down 5.5% to $69.45 in afternoon trading.
13:03 EDTDISHFCC reports AT&T winning bid in AWS-3 auction of $18.2B
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13:00 EDTDISHDISH drops 3% after FCC posts spectrum auction results
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12:53 EDTDISHFCC reports AWS auction 97 raises $41.3B, with AT&T, Verizon top bidders
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January 29, 2015
08:29 EDTFIGTwo Fortress executives resign after macro fund loss, Reuters says
Chief Risk Officer Sherif Sweillam and portfolio manager Tye Schlegelmilch resigned from Fortress Investment Group this month after the Swiss Franc uncapping brought a 7.64% loss to the firm's $3.1B macro fund, reports Reuters, citing three sources familiar with the matter. Global head of trading Timothy Durnan will replace Sweillam. COMAC Capital and Everest Capital also saw heavy losses in macro funds. Reference Link
January 26, 2015
10:00 EDTFIGOn The Fly: Analyst Downgrade Summary
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05:36 EDTFIGFortress downgraded to Market Perform from Outperform at Keefe Bruyette
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January 22, 2015
10:03 EDTFIGOn the Fly: Analyst Downgrade Summary
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08:13 EDTFIGFortress downgraded at Oppenheimer
As noted earlier, Oppenheimer downgraded Fortress to Perform from Outperform. The firm downgraded the stock based on the weaker than expected performance of the company's private equity and liquid hedge fund businesses.
06:34 EDTFIGFortress downgraded to Perform from Outperform at Oppenheimer
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January 21, 2015
11:28 EDTDISHDISH found liable for 'tens of millions' of telemarketing violations by court
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07:59 EDTFIGFortress macro fund loses 7.6% in week of SNB shock, Reuters says
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January 20, 2015
19:27 EDTDISHDISH Slingbox, Hopper features upheld in copyright ruling
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