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Stock Market & Financial Investment News

News Breaks
November 11, 2012
19:47 EDTDISDisney shares could hit $60 in next 18-24 months, Barron's says
Walt Disney (DIS) is entering a transition year. Spending on its theme parks is slowing, freeing up cash for other uses and allows the company to push the unit's profit margins back to peak levels, Barron's reports. Disney can also monetize its Pixar and Marvel franchises. Brown Advisory portfolio manager Michael Foss describes Disney as "by far the best-positioned big-cap media company in the world." The Lucasfilm deal looks to be a money maker, And just imagine what Disney can do with the Star Wars franchise. Foss predicts that as long as Disney maintains earnings-growth rates in the range of 10%-15%, the stock, which yields about 1.4%, can hit $60 in the next 18 to 24 months. Reference Link
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August 26, 2014
14:45 EDTDISESPN says Verizon signs deal to carry SEC Network
Verizon (VZ) FiOS has signed an agreement to carry the SEC Network and expects to begin airing it prior to Aug. 28, Disney's (DIS) ESPN announced. The deal also includes live viewing rights and additional live and on-demand content scheduled for SEC Network + across other platforms like smartphones, tablets and laptops. In addition, the deal also includes rights for the FiOS Mobile app, which will be available to FiOS customers in the near future. Terms of the deal were not disclosed.
09:35 EDTDISNetflix files formal protest against Comcast merger, Engadget reports
Netflix (NFLX) has filed a petition to the FCC against the proposed merger between Comcast (CMCSA) and Time Warner Cable (TWC), as the streaming company has previously indicated it would, reported Engadget. Netflix claims the deal would result in "serious public interest harm" and that a merged cable giant would have huge leverage over it and rivals like Hulu, which is a joint venture owned by Comcast itself along with partners Disney (DIS) and 21st Century Fox (FOXA). Reference Link
August 17, 2014
15:42 EDTDISParamount's 'Ninja Turtlesí holds on to box office lead, Bloomberg says
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August 14, 2014
19:59 EDTDISWal-Mart sees rise in DVD orders following Disney, Amazon feud, Bloomberg says
Wal-Mart's (WMT) online division has capitalized on a feud between Disney (DIS) and Amazon (AMZN) by offering discounted pre-orders on Walt Disney DVDs, according to Bloomberg. Wal-Mart pre-orders of "Captain America" have increased by 90%, while orders of other Disney DVDs have increased by 40%, Bloomberg added, citing an e-mail from Wal-Mart spokesman Dan Toporek. Reference Link

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