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Stock Market & Financial Investment News

News Breaks
January 6, 2014
10:24 EDTDUK, TWCDuke Energy completes sale of DukeNet to Time Warner Cable
Duke Energy (DUK) disclosed in a filing that on December 31, 2013, the corporation, together with Alinda Telecom, completed the sale of 100% of their respective ownership interests in DukeNet Communications, a regional fiber optic network company, to Time Warner Cable (TWC). Following the repayment of existing DukeNet indebtedness at closing, transaction expenses and other purchase price adjustments, the Corporationís cash proceeds from the sale of its 50% ownership interest in DukeNet totaled approximately $215M. The corporation will treat the resulting gain as a special item, and will exclude it from its adjusted diluted earnings per share, Duke said. The agreement to sell DukeNet was previously disclosed by the corporation on October 7, 2013.
News For DUK;TWC From The Last 14 Days
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February 25, 2015
08:28 EDTTWCComcast shares still attractive, says Pacific Crest
After Comcast (CMCSA) reported lower than expected Q4 EPS, Pacific Crest continues to expect the company's acquisition of Time Warner Cable (TWC) to close, and continues to believe that Comcast's stock can rise, driven by synergies, broadband demand, and higher than expected 2016 video subscriptions. Pacific Crest keeps a $65 price target and Outperform rating on the shares.
07:25 EDTTWCComcast price target raised to $70 from $62 at Canaccord
Canaccord raised its price target on Comcast (CMCSA) to $70 from $62 despite weaker than expected Q4 results. The firm cited expectations for continued momentum with Cable Communications, Broadcast, and Theme Parks as well as its merger with Time Warner Cable (TWC). Canaccord maintained its Buy rating on Comcast shares.
February 24, 2015
09:09 EDTTWCComcast confident Time Warner Cable transaction to close in early 2015
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07:02 EDTTWCComcast increases dividend, share repurchases
Comcast Corporation (CMCSA) announced that it increased its dividend by 11.1% to $1.00 per share on an annualized basis. In accordance with the increase, the Board of Directors declared a quarterly cash dividend of 25c a share on the companyís common stock, payable on April 22 to shareholders of record as of the close of business on April 1.In addition, Comcast announced that its Board of Directors has increased its stock repurchase program authorization to $10B. At this time, Comcast plans to repurchase $4.25B during 2015, subject to market conditions. Additional stock repurchases will be determined after the closing of the Time Warner Cable (TWC) merger and the subsequent divestiture transactions.
February 23, 2015
18:20 EDTTWCComcast, Time Warner Cable face $20B racial discrimination suit, Reuters reports
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07:37 EDTDUKCredit Suisse to hold a summit
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February 20, 2015
16:23 EDTDUKDuke Energy, U.S. reach proposed agreement on Dan River coal ash spill
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February 18, 2015
10:41 EDTDUKDuke Energy sees 2013-2019 CAGR growth of 6%
Sees 2015-2017 long term retail load growth of approximately 1%. The company believes 2018 and 2019 earnings growth drivers include base rate case activity in the Carolinas, retail load growth, regulated grid and generation investments, and commercial investments.
10:40 EDTDUKDuke Energy sees FY16 CapEx $9.8B, FY17 CapEx $8B
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10:39 EDTDUKDuke Energy sees FY15 retail load growth of 0.5%-1%
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07:08 EDTDUKDuke Energy in settlement discussions with U.S. related to Dan River spill
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07:08 EDTDUKDuke Energy to own, operate business to access $2.7B in foreign earnings
The company has completed a strategic review of its International Energy business. As a result, Duke Energy will continue to own, operate and create value with the business. Additionally, a plan has been developed giving the company access to $2.7 billion in foreign earnings through 2022. Reported results for the quarter include a $373 million, or 53c per share, tax charge resulting from this plan. This charge has been excluded from the company's adjusted diluted EPS results for 2014.
07:08 EDTDUKDuke Energy targets long-term adjusted EPS growth of 4%-6% through 2017
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07:08 EDTDUKDuke Energy sees FY15 adjusted EPS $4.55-$4.75, consensus $4.76
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07:08 EDTDUKDuke Energy reports Q4 adjusted EPS 86c, consensus 88c
Reports Q4 operating revenue $5.20B, compared to $5.14B a year ago.
05:07 EDTDUKDuke Energy making progress restoring power caused by winter storm
Damage assessment efforts have gone well and crews continue to restore power to Duke Energy customers affected by this week's winter storm. Currently, more than 1,800 line personnel, supported by thousands of additional resources, are working on the restoration effort. As of early this evening, power had been restored to nearly 150,000 customers. Additional icing and the rebound effect of thawing tree limbs on power lines today caused additional outages. Road conditions also affected crews' ability to safely assess and restore power in some areas. The company expects to have storm-related outages restored by late Wednesday evening. However, most customers will be restored sooner. There may be isolated, scattered outages remaining beyond this time, depending on individual cases. Based on the estimated time of restoration, families who have special medical needs or elderly members should consider making alternate arrangements as needed.
February 17, 2015
18:06 EDTTWCPaulson & Co gives quarterly update on stakes
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15:32 EDTDUKNotable companies reporting before tomorrow's open
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12:56 EDTTWCDecline of TV viewing accelerated, NY Post reports
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11:01 EDTDUKDuke Energy issues RFP for 50 MW of solar projects in North Carolina
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