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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 Corporation’s 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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August 26, 2014
10:51 EDTTWCZoom Telephonics files FCC petition opposing Charter's cable modem policies
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09:35 EDTTWCNetflix 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 25, 2014
19:00 EDTTWCDISH Network petitions FCC to deny Comcast, Time Warner merger
Citing irreparable harm to competition and consumers, DISH Network (DISH) petitioned the Federal Communications Commission, or FCC, to deny the merger of Comcast (CMCSA) and Time Warner Cable (TWC). The petition to deny outlines, among other things, the critical role high-speed broadband plays in the video industry and the potential for the merger to significantly damage competitive development of over-the-top video and limit consumer access to online video programming.
10:00 EDTDUKOn The Fly: Analyst Initiation Summary
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07:54 EDTDUKDuke Energy coverage resumed with an Equal Weight at Morgan Stanley
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07:31 EDTDUKDynegy deal synergies seem quite conservative, says UBS
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07:02 EDTDUKDuke Energy asset sales positive, says RBC Capital
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06:20 EDTTWCFCC seeks more data from Comcast regarding TWC deal, Reuters says
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August 22, 2014
07:05 EDTDUKDynegy says synergy targets include cost reductions in excess of $40M per year
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07:03 EDTDUKDuke Energy to sell Midwest generation business to Dynegy
Duke Energy (DUK) announced Dynegy (DYNIQ) will buy its non-regulated Midwest Commercial Generation Business for $2.8B in cash, which includes ownership interests in 11 power plants and Duke Energy Retail Sales. The completion of the transaction is conditioned on approval from the Federal Energy Regulatory Commission, the expiration of the waiting period under the Hart-Scott Rodino Act, and the release of certain credit support obligations. Closing is expected to occur in three to six months. As a result of this announcement, in the third quarter Duke Energy will recognize an approximate $500M pre-tax reversal of the $1.4B impairment previously recognized in 2014. Use of the proceeds is being evaluated. The transaction is expected to be accretive to shareholders by 2016. The Duke Energy Ohio and Kentucky and Duke Energy Indiana regulated utilities are not a part of the transaction. The company began the process to exit its Midwest Commercial Generation Business in February 2014.
07:01 EDTDUKDynegy to acquire assets from Duke Energy and Energy Capital Partners
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August 20, 2014
16:10 EDTDUKDuke Energy continues to make progress cleaning up Ohio River oil spill
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06:13 EDTTWCNetflix signs paid peering deal with Time Warner Cable, Gigaom reports
Netflix (NFLX) has signed a direct interconnection deal with Time Warner Cable (TWC) that would provide Netflix with direct access and faster streams, reports Gigaom. Time Warner Cable confirmed that the deal happened in June and the implementation has been rolling out this month. Reference Link
August 19, 2014
19:08 EDTDUKDuke Energy takes responsibility of oil spill, makes progress cleaning up river
Duke Energy made progress cleaning up an overnight spill of approximately 3,000 to 5,000 gallons of fuel oil into the Ohio River at W.C. Beckjord Station, 20 miles southeast of Cincinnati, according to the company. The company will continue cleanup operations tonight and around-the-clock. The company is working closely, on-site, with the U.S. Environmental Protection Agency, U.S. Coast Guard, Ohio Environmental Protection Agency, Kentucky Department for Environmental Protection and local agencies in response to the spill. The incident occurred shortly after 11 p.m. Monday during a fuel oil transfer at the plant on the banks of the Ohio River in New Richmond, Ohio. The company Monday night and early today quickly mobilized internal and external resources to respond to the spill, including three vessels on the river that have deployed approximately 2,000 feet of oil-containment booms to contain and help collect the oil. "We're working around the clock to rapidly and fully restore the affected section of the Ohio River and coordinating closely with local officials to make sure that drinking water continues to remain safe," said Lynn Good, president and CEO of Duke Energy. "We take responsibility for the cleanup and the well being of the communities we serve."
08:57 EDTDUKDuke Energy reports fuel oil spill into Ohio River
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August 18, 2014
08:05 EDTTWCTime Warner Cable price target raised to $173 from $148 at UBS
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August 17, 2014
20:16 EDTTWCFCC must decide on TWC arrangement as it reviews Comcast deal, WSJ says
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August 15, 2014
07:38 EDTTWCComcast met with FCC this week to argue for deal, NY Post says
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August 14, 2014
17:08 EDTTWCSoros Fund Management gives quarterly update on stakes
NEW STAKES: CONSOL Energy (CNX), Google (GOOG), Level 3 (LVLT), Time Warner (TWC), and New Oriental (EDU). INCREASED STAKES: YPF SA (YPF), Apple (AAPL), Facebook (FB), AIG (AIG), and American Airlines (AAL). DECREASED STAKES: Teva (TEVA), Liberty Global (LBTYK), Barrick Gold (ABX), EQT (EQT), and Comcast (CMCSA). LIQUIDATED STAKES: FedEx (FDX), Monster Beverage (MNST), Google (GOOGL), Devon Energy (DVN), Marathon Petroleum (MPC).
August 13, 2014
11:12 EDTTWCTime Warner Cable adds NBCUniversal portfolio to TV Everywhere
Time Warner Cable announced the addition of NBCUniversal’s portfolio of broadcast and cable networks to its TV Everywhere offering across multiple platforms and devices. Time Warner Cable and Bright House subscribers will have authenticated access to live and on demand content from NBCUniversal’s cable networks including USA Network, Syfy, Telemundo, Bravo, Oxygen, CNBC, MSNBC, mun2, NBC Sports Network, and Golf Channel, as well as local NBC and Telemundo owned broadcast stations.
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