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Stock Market & Financial Investment News

News Breaks
May 15, 2014
12:48 EDTAPO, FOXA21st Century Fox confirms intent to form JV with funds managed by Apollo Global
21st Century Fox (FOXA) confirms its intent to form a joint venture with funds managed by affiliates of Apollo Global Management (APO) comprised of Endemol, Shine Group and CORE Media Group. The parties have entered into a preliminary agreement, subject to a number of conditions, which calls for 21st Century Fox and funds managed by affiliates of Apollo to jointly own and manage the new joint venture. There can be no assurance that the proposed transaction will be completed.
News For FOXA;APO From The Last 14 Days
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April 26, 2015
17:05 EDTFOXAUniversal's 'Furious 7' leads U.S. weekend box office with $18.3M
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April 24, 2015
06:50 EDTFOXADisney, Fox refuse to run FiOS commercials, NY Times says
Disney (DIS) and 21st Century Fox (FOXA) are refusing to run commercials for Verizon (VZ) FiOS' slimmed down, a la carte package on a number of their stations, according to The New York Times. Disney, Fox and Comcast (CMCSA) have objected to FiOS' new offering, the news service stated. Reference Link
April 21, 2015
18:53 EDTFOXAFox, NBC say Verizon cable packages violate license terms, Washington Post says
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09:02 EDTAPOBlackstone, Wells Fargo in talks on more GE financial assets, Bloomberg says
General Electric (GE), which has announced plans to divest the majority of its GE Capital businesses, is in talks about the potential sale of its $74B U.S. commercial-lending unit, reported Bloomberg, echoing a similar report from The Wall Street Journal. Potential buyers include Blackstone (BX), Mitsubishi UFJ (MTU) Wells Fargo (WFC) and Apollo Global (APO), according to people with knowledge of the matter. Reference Link
06:47 EDTFOXATalal a big backer of Fox's James Murdoch, Reuters says
Saudi Arabia's Prince Alwaleed bin Talal, who owns a 6.6% stake in Twenty-First Century Fox, says he "really loves" James Murdoch, the son of the company's octogenarian CEO, Rupert Murdoch. James understands the digital world and is ready to take on a much bigger role at the company, the news service quoted the prince as saying. The prince's support may be setting the stage for James Murdoch to take day-to-day control of the company "sooner rather than later," Reuters stated. Reference Link
April 19, 2015
15:24 EDTFOXAComcast's 'Furious 7' leads U.S. weekend box office with $29.1M
For the weekend of April 19, Universal's (CMCSA, CMCSK) "Furious 7" topped domestic box office charts at $29.1M. Sony's (SNE) "Paul Blart: Mall Cop 2" landed in second place with $24M for the weekend while Universal's "Unfriended" came in third with $16M. Fox's (FOX, FOXA) "Home" and "The Longest Ride" took fourth and fifth place at $10.3M and $6.8M, respectively. Data gathered by Rentrak.
April 14, 2015
13:02 EDTAPOFly Watch: Analyst expects strong Q1 results from private equity firms
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