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News Breaks | | | | January 23, 2013 | | 08:12 EDT |  | DIS | Disney upgraded to Buy from Neutral at B. Riley Caris
B. Riley upgraded Disney based on valuation, a strong film slate, higher Theme Park margins, and a higher rate card at ESPN. Price target is $63. | |
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News For DIS From The Last 14 Days Check below for free stories on DIS the last two weeks. |
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| May 21, 2013 | | 12:58 EDT |  | DIS | Disney's ESPN cuts less than 6% of workforce, Bloomberg reports
Disney's (DIS) ESPN unit laid off less than 400 workers today as part of a companywide cost-cutting effort, Bloomberg reports, citing a person with knowledge of the situation. The cuts amount to less than 6% of ESPN’s 7,000 employees, the report adds. Reference Link | | | May 19, 2013 | | 16:41 EDT | | DIS | Viacom's 'Into Darkness' tops Disney's “Iron Man 3” at box office, WSJ says
 Subscribe for More Information | | | May 17, 2013 | | 15:51 EDT | | DIS | DirecTV weighing bid for Hulu, WSJ reports
DirecTV (DTV) is considering making a bid for Hulu, the video website jointly owned by News Corp. (NWSA), Comcast (CMCSA), and Disney (DIS), reports The Wall Street Journal citing a person familiar with the matter. Reference Link | | | 15:26 EDT |  | DIS | DirecTV considering acquisition of Hulu, Dow Jones reports
Subscribe for More Information | | | 06:23 EDT |  | DIS | Disney downgraded to Neutral from Overweight at Atlantic Equities
Subscribe for More Information | | | May 16, 2013 | | 13:46 EDT | | DIS | Disney's ESPN acquires rights to tennis' U.S. Open beginning 2015
Subscribe for More Information | | | May 15, 2013 | | 19:59 EDT | | DIS | Pay-TV operators eye Hulu, WSJ reports
At least two pay-TV operators, including Time Warner Cable (TWC), are looking at an investment in Hulu, jointly controlled by Comcast (CMCSA), Disney (DIS), and News Corp. (NWSA), reports the Wall Street Journal, citing people familiar with the matter. Reference Link | | | 10:49 EDT | | DIS | Senator questions TV broadcasters' free spectrum rights, The Hill says
Democratic Senator Mark Warner questioned whether broadcast stations that pull their programming off the air should be able to keep using spectrum for free, The Hill reported yesterday. A number of TV networks have threatened to broadcast only on cable and satellite in response to the launch of Aereo. The latter service uses stations' over the air signals to send programming to consumers' Internet devices. Reference Link | | | 05:59 EDT | | DIS | Corporate boards recruit newcomers with digital knowledge, WSJ reports
Subscribe for More Information | | | May 14, 2013 | | 17:48 EDT | | DIS | Lone Pine gives quarterly update on stakes
NEW STAKES: Valeant Pharmaceuticals (VRX), Virgin Media (VMED), Thermo Fisher Scientific (TMO), CME Group (CME), and Liberty Media (LMCA). INCREASED STAKES: Mead Johnson Nutrition (MJN), News Corp (NWSA), Intuitive Surgical (ISRG), Monsanto (MON), and Qualcomm (QCOM). DECREASED STAKES: Cognizant Technology Solutions (CTSH), Equinix (EQIX), Ralph Lauren (RL), Disney (DIS), and Oceaneering International (OII). LIQUIDATED STAKES: Facebook (FB), Crown Castle (CCI), Accretive Health (AH), Informatica (INFA), and NetEase (NTES). | | | | 07:05 EDT | | DIS | Netflix continues to lead web usage in North America, AllThingsD reports
Subscribe for More Information | | | 06:28 EDT |  | DIS | Disney initiated with an Outperform at BMO Capital
Target $76. | | | May 13, 2013 | | 18:11 EDT | | DIS | ESPN to expand partnership with Twitter, WSJ reports
ESPN and Twitter are set to announce an expanded partnership on Tuesday that will involve ESPN showing video-highlight clips of major sporting events on Twitter, according to a Wall Street Journal report. Reference Link | | | May 12, 2013 | | 18:49 EDT | | DIS | ABC app to let users live stream local programming, NYT says
ABC, a unit of the Walt Disney Company (DIS), will unveil the "live" function for its app for iPhones (AAPL) and iPads, allowing users around New York and Philadelphia to live stream all the programming from ABC’s local stations there, says the New York Times. Reference Link | | | 14:16 EDT | | DIS | Disney's ‘Iron Man 3’ tops weekend movie sales again, Bloomberg says
Subscribe for More Information | | | May 10, 2013 | | 14:52 EDT |  | DIS | Market poised to end week higher as tech helps lead advance
Subscribe for More Information | | | 07:08 EDT | | DIS | ESPN considers subsidizing wireless data plans, WSJ reports
Subscribe for More Information | | | 06:10 EDT | | DIS | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | May 9, 2013 | | 11:02 EDT | | DIS | Netflix and Disney announce multi-year licensing deal for XD shows
Subscribe for More Information | | | May 8, 2013 | | 17:01 EDT | | DIS | On The Fly: Closing Wrap
Stocks on Wall Street were higher again, pushing the Dow and S&P to new record levels. A late afternoon move down to the flatline made it seem like the recent winning streak was set to end, but the averages quickly reversed higher and closed firmly in positive ground. ECONOMIC EVENTS: In the U.S., the light economic calendar included MBA's report on mortgage applications, which were up 7%, and the EIA's petroleum status report, which showed crude oil inventories built up by less than was expected last week. In Europe, German industrial production increased 1.2% month-over-month in March, beating expectations for a 0.1% decline. In Asia, Chinese trade data showed exports climbed 14.7% in April, while imports were up 16.8%. However, some analysts expressed caution that the strong export gains should be viewed with some level of skepticism. COMPANY NEWS: Dow member Disney (DIS) beat expectations on the top and bottom line and price targets on the stock were raised at several firms, but shares slid 8c, or 0.12%, to $65.99... J.C. Penney (JCP) released preliminary Q1 results last night, including comparable store sales that were down 16.6% and revenue of $2.64B, which was below expectations. However, the results were enough to send shares of the heavily-shorted retailer up $1.21, or 7.38%, to $17.61. MAJOR MOVERS: Among the notable gainers was Whole Foods Market (WFM), up $9.39, or 10.12%, to $102.19 after earnings beat estimates, the company raised its full year outlook and announced a two-for-one stock split. Also higher were shares of Dex Media (DXM), up $2.84, or 20.71%, to $16.55 after Kyle Bass, presenting at the Sohn Investing Conference, said the company's stock could trade up to 5 times higher than current levels in 3 years. Among the noteworthy losers was Fusion-io (FIO), down $3.40, or 18.89%, to $14.60 after its CEO and chief marketing officer resigned and shares were downgraded by at least two analyst firms. Also lower following its earnings report was Zillow (Z), which fell $6.26, or 9.95%, to $56.68. INDICES: The Dow was up 48.92, or 0.32%, to 15,105.12; the Nasdaq was up 16.64, or 0.49%, to 3,413.27; and the S&P 500 was up 6.73, or 0.41%, to 1,632.69. | | |
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