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Stock Market & Financial Investment News

News Breaks
November 8, 2012
12:06 EDTDISEarnings Preview: Disney trades slightly higher ahead of earnings report
Disney (DIS) is expected to report Q4 earnings after the market close on Thursday, November 8 with a conference call scheduled for 5:00 pm ET. Analysts are looking for EPS of 68c on revenue of $10.92B. The consensus range is 61c-70c for EPS, and $10.72B-$11.1B for revenue, according to First Call. After reporting better-than-expected Q3 EPS, Disney said it expects CapEx to drop over the next several years. The company recently announced the $4.05B acquisition of Lucasfilm, and analysts and investors will listen for comments from the company on its plans for the company. Disney may also address speculation that it is eyeing Hasbro (HAS), which owns the toy rights to Star Wars and Marvel, both of which have been acquired by Disney. Wells Fargo thinks Lucas is "a great fit" for Disney. The firm believes the deal is similar to Disney's acquisition of Marvel, but with more potential benefit for Disney. At September's Goldman Sachs Communacopia Conference, Disney said the company will see "extraordinary returns" from new cruise ships and that ESPN continues to be a growth vehicle.
News For DIS From The Last 14 Days
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January 21, 2015
08:39 EDTDISDisney reports five employees affected by California measles outbreak, AP says
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06:17 EDTDISOverstock to introduce streaming-video service later this year, WSJ reports
Overstock.com (OSTK) is planning to launch a streaming-video service later this year, CEO Patrick Byrne announced at the National Association of Television Program Executives conference, The Wall Street Journal reports. Overstock would compete in the space with Amazon (AMZN), Hulu (DIS, CMCSA, CMCSK, FOXA), Netflix (NFLX), and Time Warner's (TWX) HBO is also planning a standalone online streaming service that will launch this year. The new Overstock service would be tied to the company's $20-per-year Club O membership program and will launch with about 30,000 titles. Reference Link
January 20, 2015
17:46 EDTDISNetflix says 'looking good' to reach 60M-90M U.S. subscriptions
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14:00 EDTDISFCC fines Viacom, ESPN $1.4M after brodcasting EAS tones to promote movie
The Federal Communications Commission fined Viacom (VIA) and ESPN (DIS) $1.4M for misusing the Emergency Alert System warning tones. The cable networks transmitted EAS warning tones for several days in 2013 to promote the movie “Olympus Has Fallen,” which portrayed a terrorist attack on Washington, D.C. Broadcast or transmission of these tones outside an emergency or test violates the FCC’s laws protecting the integrity of the system. The networks admitted that the commercial contained actual EAS codes and appeared multiple times on the networks. In March 2014, the FCC proposed a total fine of $1,930,000 against NBCUniversal (CMCSA), ESPN, and Viacom. NBCUniversal paid its $530,000 fine, but ESPN and Viacom objected and requested reductions. The FCC rejected their arguments and imposed fines of $1,120,000 against Viacom and $280,000 against ESPN. The fines, which differ based on several factors including the number of channels involved and the number of transmissions on each channel, must be paid in 30 days.
January 13, 2015
14:04 EDTDISCalifornia connects 26 measles cases to Disneyland, Reuters says
Health officials in California have confirmed additional cases of measles in people who attended Disneyland (DIS) last month, increasing the number of people infected to 26, Reuters reports. Reference Link
11:58 EDTDISESPN sets cable ratings record for college championship game, Variety says
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January 12, 2015
09:15 EDTDIS'Taken' seqeul knocks 'Hobbit' from top spot at box office, WSJ reports
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