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Stock Market & Financial Investment News

News Breaks
January 22, 2014
09:05 EDTSNE, IACIElectus International signs multiple deals with SPT Networks Russia
Electus, an operating business of IAC (IACI), announced that its global distribution arm, Electus International, has signed multiple distribution deals with Sony (SNE) Pictures Television Networks Russia for its channels in the Commonwealth of Independent States and the Baltic States.
News For IACI;SNE From The Last 14 Days
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December 16, 2014
17:53 EDTSNESony hackers threaten 'The Interview' attendees, WSJ says
People claiming to be the Sony hackers said that there would be attacks like those of Sept. 11, 2001 at theaters showing the studio’s movie “The Interview,” according to The Wall Street Journal. Reference Link
13:17 EDTSNETencent, Sony make music rights deal, Re/code says
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12:51 EDTSNESony sued by former employees over data protection, Reuters says
Two former Sony employees are suing the company for failing to adequately protect their data, according to Reuters. Sony's Sony Pictures unit suffered a massive hacking attack last month. Reference Link
09:17 EDTIACIInternet sector upgraded to Attractive from Neutral at Goldman
Goldman upgraded the Americas Internet sector to Attractive to Neutral based on more reasonable valuations, reduced expectations, and strong sector growth. As part of the sector change, the firm upgraded GrubHub (GRUB) to Buy from Neutral, downgraded Shutterfly (SFLY) to Neutral from Buy, and lowered Priceline (PCLN) to Buy from Conviction Buy.
06:14 EDTSNESony says film studio's business remains strong, WSJ reports
Sony Pictures executives apologized in a staff meeting Monday for leaked emails and sensitive documents, The Wall Street Journal reports. Despite damage from the November hacking attack, executives said the film studio’s business remains strong. Reference Link
05:44 EDTSNESony Pictures confirms extent of cyber attack
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December 15, 2014
06:45 EDTSNESony tells media outlets to stop reporting leaked information, Reuters says
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06:03 EDTSNEAlleged Sony hackers offer to selectively withhold stolen data, Re/code reports
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06:00 EDTSNESony Pictures not shutting down film production because of hack, Deadline says
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December 12, 2014
06:16 EDTSNEGlobal demand for e-paper on the decline, DigiTimes reports
Global demand for e-paper from e-book vendors is decreasing due to competition from tablets, reports DigiTimes, according to sources with Taiwan's supply chain. Due to the decline, Toshiba (TOSBF), Sony (SNE), and Panasonic (PCRFY) have withdrawn from the e-book reader market. According to the sources, Amazon is still look at growth in the China market, but the e-book reader market is not showing any signs of a rebound. Reference Link
06:12 EDTSNESony considered selling stake in Crackle, Bloomberg reports
Sony Pictures Television had weighed the sale of a majority stake in Crackle, reports Bloomberg. Citing e-mails made public by hackers, executives at Sony discussed a deal with Evolution Media Capital. An outside investment in Crackle would free up cash the website could spend on original series and marketing, Berger wrote in an e-mail to Steve Mosko, president of Sony Pictures Television. Reference Link
December 11, 2014
19:34 EDTSNEMicrosoft Xbox One outsells Sony PS4, Engadget reports
Microsoft's (MSFT) Xbox One was the best selling console for November, beating Sony's (SNE) PlayStation 4, according to Microsoft, citing data from NPD Group. Prior to November, the PlayStation 4 had been the best selling console for almost a year. According to the NPD data, console sales are up in general, with hardware unit-sales increasing by 3% over last November. Reference Link
December 8, 2014
18:19 EDTSNESony hacker releases additional private data, issues threat, Re/code says
Guardians of Peace, the hacker group claiming responsibility for the attack against Sony Pictures Entertainment, released an additional trove of private data and issued threats against the studio, according to Re/code. Reference Link
09:21 EDTSNESony Pictures called the cyberattack 'unprecedented in nature', Re/code reports
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06:40 EDTIACIIAC looks to sell majority stake in CollegeHumor, Fortune reports
IAC is looking to sell entertainment website CollegeHumor for around $100M, Fortune reports, citing sources. IAC bought a majority stake in the entertainment website eight years ago for around $20M. Reference Link
06:24 EDTSNENorth Korea denies role in recent Sony hacking, WSJ reports
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06:17 EDTSNESony PlayStation store may have suffered possible cyberattack, AP reports
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December 5, 2014
06:44 EDTSNESony likely to reduce employee pay in 2015, Reuters reports
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06:19 EDTSNESony security breach exposed personal data of Hollywood employees, WSJ reports
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05:58 EDTSNESymantec: Malware in Sony attack linked to South Korean incidents
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