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Stock Market & Financial Investment News

News Breaks
January 14, 2014
06:07 EDTDISHDish's Ergen says he bought LightSquared debt for himself, Reuters reports
Dish Network Chairman Charles Ergen says that he purchased LightSquared's secured debt because it was a "great investment," and bought it on his own behalf and not for Dish. Why h purchased the debt is key to a trial in the U.S. Bankruptcy Court in Manhattan in which Ergen is accused of doing so to help Dish in a plan to acquire LightSquared, reports Reuters.Reference Link
News For DISH From The Last 14 Days
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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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January 20, 2015
19:27 EDTDISHDISH Slingbox, Hopper features upheld in copyright ruling
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January 15, 2015
18:03 EDTDISHDISH, Fox News reach content carriage agreement
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January 14, 2015
17:19 EDTDISHDISH being questioned by FCC over Sling online TV service, Re/code reports
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16:33 EDTDISHOn The Fly: Closing Wrap
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10:28 EDTDISHViacom carriage deal with DISH goes until 2016, Faber says
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06:28 EDTDISHViacom downgraded to Sell from Buy at Citigroup
Citigroup downgraded Viacom (VIAB) two notches to Sell from Buy and lowered its price target for shares to $62 from $88. Citi says its new price target assumes a 50% probability that DISH (DISH) drops Viacom's channels. The firm sees 30% share downside risk should such an event occur. Citi lists two potential M&A deals that could offset the downside risk: Viacom acquiring CBS (CBS), which it feels would be neutral for the stock, or another media firm acquiring Viacom, which it feels could drive 20% upside for Viacom shares. Citi assumes a 10% probability of Viacom getting bought out.

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