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Stock Market & Financial Investment News

News Breaks
May 19, 2014
09:15 EDTCGEN, ITMN, T, ABT, CPB, DTV, GOGO, DISHOn The Fly: Pre-market Movers
HIGHER: InterMune (ITMN), up 5.8% after reporting results from Phase 3 ASCEND study evaluating pirfenidone, shares upgraded to Outperform at Leerink... Gogo (GOGO), up 3.8% after upgraded at UBS... Abbott (ABT), up 1.4% after upgraded at Credit Suisse citing higher growth assumptions with the acquisition of CFR Pharmaceuticals... Compugen (CGEN), up 2.4% after quarterly losses not as steep as expected. LOWER: AT&T (T), down 2.7% after acquiring DirecTV (DTV) in a stock-and-cash transaction for $95 per share. DirecTV sahres are down 1.9% following the announcement, which shares of its nearest competitor DISH Network (DISH) are also down about 1.8%... Campbell Soup (CPB), down 5% after revenues miss expectations, saying its sees fiscal year profit at low end of prior view... Genworth (GNW), down 2.2% after downgraded at Morgan Stanley.
News For DTV;T;DISH;CPB;ITMN;GOGO;ABT;CGEN From The Last 14 Days
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August 27, 2015
07:45 EDTABTAbbott volatility up into report prepping takeover offer for St. Jude Medical
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07:39 EDTABTSt. Jude Medical volatility up, Abbott prepping $25B takeover offer FT reports
St. Jude Medical (STJ) September call option implied volatility is at 29, October is at 27; compared to its 52-week range of 17 to 36; suggesting slightly larger near term price movement into Abbott (ABT) is prepping a takeover offer that would value the company at $25B, sources tell The Financial Times.
06:57 EDTABTAbbott prepping $25B takeover offer for St. Jude Medical, FT reports
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06:56 EDTABTAbbott prepping $25B takeover offer for St. Jude Medical, FT reports
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August 26, 2015
18:47 EDTDISHDISH, Sinclair Broadcast reach agreement, form basis for long-term deal
DISH Network (DISH) announced that it and Sinclair Broadcast Group (SBGI) have reached an agreement in principle "that will form the basis of a long-term retransmission consent agreement" for carriage of Sinclair's local channels in 79 markets nationwide. Restoration of Sinclair signals to DISH's system is underway. "We are grateful for the FCC's work on behalf of consumers to actively broker a productive path forward," said DISH, adding that it is asking the Federal Communications Commission to stay action on DISH's verified amended and restated retransmission complaint and request for preliminary injunctive relief as the long-term agreement is being finalized. Terms of the agreement were not disclosed.
18:24 EDTDISHSinclair Broadcast, DISH reach retransmission consent pact in principal
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13:45 EDTTAT&T ends airport Wi-Fi ads experiment, Re/code reports
AT&T has ended serving ads to consumers using its free Wi-Fi at two Washington, D.C.-area airports, Re/code reports. The company told Re/code that it was conducting an experiment of "an ongoing effort to explore alternate ways to deliver a free Wi-Fi service that is safe, secure and fast." Reference Link
12:44 EDTDISHFCC Chairman Wheeler says to convene emergency meeting with DISH, Sinclair
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12:30 EDTTAT&T may need to choose between dividend and credit rating, CTFN reports
AT&T, despite acquiring DirecTV, may have to choose between maintaining its credit rating and its dividend in a few years as web video displaces satellite, CTFN reports, citing two credit analysts and a senior executive. AT&T has reduced the pressure from high dividend payments after the DirecTV purchase, but "it could be back in the same situation within three years if DirecTV's cash flow isn't sustainable," according to Mark Stodden, VP and senior credit officer at Moody's. AT&T spokesperson said that any suggestion that it needs to reduce its dividend "ignores the facts," the report says. Reference Link
05:30 EDTDISHDISH renews formal complaint with FCC against Sinclair Broadcast
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05:17 EDTDISHDISH says Sinclair Broadcast chooses to initiate channel blackout
Despite reaching an agreement on rates and all other terms for the carriage of the Sinclair local stations, DISH (DISH) said that this afternoon Sinclair Broadcast Group (SBGI) chose to begin the largest local channel blackout in the history of television, blocking DISH customers' access to 129 local channels in 79 markets across 36 states and the District of Columbia, and intentionally harming and exploiting millions of innocent consumers to gain negotiating leverage for carriage of an unrelated cable channel that it hopes to acquire but does not own today. Warren Schlichting, DISH senior vice president of programming, said, "Sinclair rejected our extension offer and has chosen to use innocent consumers as pawns to gain leverage for the economic benefit of Sinclair, while causing substantial harm and disruption to the lives of consumers." DISH and Sinclair had been making steady progress in their recent negotiations, and DISH was hopeful that they would come to a mutual agreement to renew carriage of the Sinclair local stations. In that spirit, DISH offered another short-term contract extension to Sinclair that would include a retroactive "true-up" when new rates were agreed upon, and would preserve the ability of DISH customers to access the Sinclair local stations while our negotiations continued. The "true-up" would ensure that Sinclair was made whole at the new rates for the period of any contract extension. Rather than accept DISH's good faith offer, Sinclair Broadcast Group chose to begin the largest local channel blackout in the history of television, blocking DISH customers' access to 129 local channels in 79 markets, and intentionally harming and exploiting millions of innocent consumers to gain negotiating leverage for carriage of an unrelated cable channel that it hopes to acquire but does not own today.
August 25, 2015
06:25 EDTTAT&T to rebrand services in Mexico, WSJ reports
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August 24, 2015
16:00 EDTTOptions Update; August 24, 2015
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10:49 EDTGOGOGogo announces receipt of final clearance from FAA to launch 2Ku service
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08:19 EDTCGENCompugen management to meet with Oppenheimer
Meeting to be held in New York on August 31 hosted by Oppenheimer.
August 23, 2015
19:13 EDTTBT executive says Verizon, AT&T abusing landline duopoly, FT reports
In a Financial Times interview published Sunday, BT Group's (BT) Americas president Bas Burger said Verizon (VZ) and AT&T (T) are abusing their control over telephone and broadband lines to charge inappropriate access fees to companies like BT. "For a western world country it is the worst I've seen... There is not sufficient regulation to create competition: almost all access is being provided by two companies and they have divided the country among themselves," remarked Burger, adding that the two companies are also not required to fix network problems within any specific timeframe. Reference Link
August 20, 2015
08:02 EDTTFCC to hold a conference and workshop
2015 Supplier Diversity Conference & Workshop is being held at FCC Washington, D.C. offices on August 20 at 9:30 am. Webcast Link
August 19, 2015
10:20 EDTT, DISHBig telecom firms put M&A on hold, CTFN reports
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09:04 EDTGOGOGogo partners with NASCAR Champion Brad Keselowski
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08:22 EDTTSprint traffic levels increasing, says Pacific Crest
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