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Stock Market & Financial Investment News

News Breaks
August 7, 2014
17:06 EDTSAAS, THOR, FOXA, SSYS, COUP, TWXOn The Fly: Closing Wrap
Stocks on Wall Street began the session in positive territory and appeared ready to build on yesterday’s gains. There was little to point to as a catalyst, but the early move was likely helped by better than expected initial jobless claims data and an agreement to an extended ceasefire by between Gaza and Israel. The market saw its highs shortly after the open and then began to drift lower. By noon each of the major equity indexes had crossed into negative ground and by mid-afternoon the sellers were in control and renewed the selling trend that has been prevalent in recent sessions. ECONOMIC EVENTS: In the U.S., initial jobless claims dropped 14K to 289K in the week ended August 2, versus expectations for 300K new claims. Consumer credit grew by $17.3B in June, versus expectations for it to have increased $18.3B for the month. In Europe, both the European Central Bank and the Bank of England decided to keep their main interest rates unchanged. COMPANY NEWS: 21st Century Fox (FOXA) advanced $1.63, or 5.04%, to $33.96 after the company reported higher than expected fourth quarter earnings and the stock was upgraded to Market Perform from Underperform at Cowen. Chairman and CEO Rupert Murdoch spoke on the company's earnings conference call, which is a bit outside of the recent norm, and said the company's decision to no longer pursue an acquisition of Time Warner (TWX) is "resolute." Chief Operating Officer Chase Carey echoed that the company is "done" as far as Time Warner and added that 21st Century Fox says will not pursue any other content company. MAJOR MOVERS: Among the notable gainers was inContact (SAAS), which gained $1.34, or 17.45%, to $9.02 and was upgraded at Oppenheimer and Benchmark Co. after reporting better than expected Q2 results. Also higher was Stratasys (SSYS), which rose $14.78, or 14.94%, to $113.69 after the company reported stronger than expected second quarter results and raised its guidance. Among the noteworthy losers was Thoratec (THOR), which fell $9.83, or 30.18%, to $22.74 and was downgraded by at least four Street firms following the company's Q2 miss and lowered guidance. Also lower after its earnings report were shares of Coupons.com (COUP), which fell $4.58, or 23.5%, to $14.91. INDEXES: The Dow fell 75.07, or 0.46%, to 16,368.27, the Nasdaq dropped 20.08, or 0.46%, to 4,334.97, and the S&P 500 slipped 10.67, or 0.56%, to 1,909.57.
News For FOXA;TWX;SSYS;THOR;COUP;SAAS From The Last 14 Days
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April 14, 2015
06:30 EDTTWXTwitter threatens Periscope users who illegally streamed 'GoT,' Mashable says
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April 13, 2015
11:56 EDTTWXMedia companies look to back away from Nielsen guarantees for ads, Variety says
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07:22 EDTFOXAWave of media M&A may be on the way, WSJ says
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06:24 EDTTWXTime Warner tries to win over TV providers in cord-cutter pitch, WSJ says
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April 12, 2015
15:58 EDTFOXA, TWXComcast's 'Furious 7' maintains lead at weekend box office with $60.6M
Rentrak announced the official domestic weekend box office estimates for the weekend of April 12, as compiled by the company's theatrical measurement services. Universal's (CMCSA) "Furious 7" topped the domestic weekend box office with $60M; 21st Century Fox's (FOX, FOXA) "Home" came in second place at the box office with $19M; 21st Century Fox's (FOX, FOXA) "The Longest Ride" came in third place with with $13.5M; Warner Bros.' (TWX) "Get Hard" came in fourth place with with $8.6M and Disney's (DIS) "Cinderella" came in fifth place with $7.2M.
14:34 EDTTWXSeason 5 ‘Game of Thrones’ episodes leaked ahead of premiere, Variety says
Nearly a full day before HBO’s (TWX) scheduled April 12 premiere of “Game of Thrones,” the first four episodes of HBO's popular fantasy series appeared up on piracy networks late Saturday, said Variety. “Sadly, it seems the leaked four episodes of the upcoming season of ‘Game of Thrones’ originated from within a group approved by HBO to receive them,” HBO said. “We’re actively assessing how this breach occurred.” Reference Link
April 11, 2015
14:10 EDTTHORLeerink medical devices analyst holds an analyst/industry conference call
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April 10, 2015
14:27 EDTFOXANews Corp., 21st Century Fox mull move to WTC site, NY Times reports
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12:15 EDTTWXTime Warner volatility at low end of historic range
Time Warner April call option implied volatility is at 17, May weekly is at 21, July is at 20; compared to its 26-week average of 22 according to Track Data, suggesting decreasing price movement into the expected release of Q1 results on April 29.
08:37 EDTTHORThoratec price target raised to $50 from $45 at Leerink
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06:48 EDTTWXTime Warner, Legos to market figures that can be brought to life, NY Times says
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April 9, 2015
09:47 EDTTWXDISH's Sling TV adds HBO programming to lineup
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April 8, 2015
14:50 EDTTWXGoogle plans ad-free YouTube subscription service, Bloomberg says
Google (GOOG) is planning to launch a YouTube subscription service as early as this year, reports Bloomberg, citing a person with knowledge of the matter and a YouTube letter sent to certain content creators on the site. The new paid version of the site will be free of ads and may include a type of offline access to YouTube. Bloomberg notes that the move will put the streaming site into closer competition with Netflix (NFLX), Time Warner's (TWX) HBO Now, and similar paid streaming services. Reference Link
10:41 EDTFOXAVivendi seeks 'transformational' deals, has 'no interest' in buying Sky, FT says
Vivendi (VIVHY) CEO Arnaud de Puyfontaine says the company is currently considering "transformational transactions," The Financial Times reports. The executive says Vivendi "will not do deals just because we can do them," and will seek acquisition targets "with intrinsic value." The CEO also notes that Vivendi has "no interest" in buying Sky (SKYAY) and says that ITV is "too expensive." Reference Link
April 7, 2015
18:26 EDTFOXAVivendi says not in talks to acquire Sky, Bloomberg reports
Vivendi (VIVHY) denied an earlier report by Reuters that it may look to acquire Sky (SKYAY), Bloomberg says. Reference Link
15:31 EDTFOXAVivendi considering potential acquisition of Sky, Reuters reports
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12:50 EDTTWXHBO NOW available to Apple and Optimum Online customers
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10:48 EDTTHORLeerink medical supplies & devices analyst has analyst/industry conference call
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05:10 EDTFOXADisney, Lucasfilm, 20th Century Fox announce Star Wars digital movie collection
As anticipation builds for the December release of Star Wars: The Force Awakens, Walt Disney Studios (DIS), Lucasfilm Ltd., and 20th Century Fox (FOX, FOXA) announced the upcoming release of The Star Wars Digital Movie Collection. For the first time ever, all six epic films in the Saga, from The Phantom Menace to Return of the Jedi, will be available on Digital HD globally beginning Friday, April 10.
April 5, 2015
18:34 EDTTWX, FOXAComcast's 'Furious 7' leads at weekend box office with $143.6M
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