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Stock Market & Financial Investment News

News Breaks
August 19, 2013
18:40 EDTFOXA, NWSA21st Century Fox adds $110M to legal fee budget, WSJ says
Twenty-First Century Fox has added $110M to the amount it is budgeting to cover legal costs related to the alleged use of illegal reporting tactics at News Corp.'s (NWSA) U.K. newspapers, reports The Wall Street Journal. Reference Link
News For FOXA;NWSA From The Last 14 Days
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March 25, 2015
06:54 EDTFOXAPotential YouTube competitor launches, Variety says
Digital subscription video start-up Vessel, which is looking to compete with Google's (GOOG) YouTube, launched yesterday, according to Variety. Vessel was founded by Jason Kilar, the founding CEO of Hulu, the magazine stated. Disney (DIS), 20th Century Fox (FOX, FOXA), and Comcast (CMCSA) own stakes in Hulu. Reference Link
March 22, 2015
18:46 EDTFOXALionsgate's 'The Insurgent' takes top spot at box office with $54M
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March 20, 2015
06:28 EDTNWSAReuters' news sites 'inaccessible' in China, Reuters reports
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March 19, 2015
07:04 EDTFOXAAmerican Express confirms plans to launch Plenti loyalty program
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05:24 EDTNWSANews Corp builds investment plan in APN News to 14.99% stake
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March 18, 2015
12:09 EDTFOXASony announces launch of PlayStation Vue in New York, Chicago, Philadelphia
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09:23 EDTFOXAVerizon may launch mobile TV service as soon as June, Bloomberg says
Verizon (VZ) has secured mobile television streaming rights with Viacom (VIA, VIAB) and DreamWorks Animation (DWA) and plans to start a mobile video streaming service as early as June, according to Bloomberg, citing a person familiar with the matter. Verizon plans to have programming from ABC (DIS), NBC (CMCSA), CBS (CBS) and Fox (FOXA) as part of the service, the report added. The Fly notes that Verizon has publicly confirmed previously that it plans to launch such a service, but has not provided many details to date.
06:16 EDTFOXAAmerican Express to launch Plenti loyalty program this spring, WSJ reports
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March 17, 2015
13:06 EDTFOXABattleground: Analysts take opposite sides on Netflix
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11:36 EDTFOXAApple may launch standalone TV in 2016, says Piper Jaffray
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March 16, 2015
15:13 EDTNWSANews Corp. management to meet with Jefferies
Meeting to be held in Boston on March 20 hosted by Jefferies.
10:44 EDTNWSANetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.
March 15, 2015
19:12 EDTFOXADisney's 'Cinderella' takes top spot at domestic weekend box office with $70.1M
Rentrak (RENT) announced the official domestic weekend box office estimates for the weekend of March 15, as compiled by the company's theatrical measurement services. Disney's (DIS) "Cinderella" took the top spot at the domestic weekend box office with $70.1M: Warner Bros' (TWX) "Run All Night" took the second spot at the box office with $11M; 20th Century Fox's (FOX, FOXA) "Kingsman: The Secret Service" took third with $6.2M; Warner Bros' "Focus" took the fourth spot at the box office with $5.8M and Sony's (SNE) "Chappie" took fifth place with $5.8M.

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