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Stock Market & Financial Investment News

News Breaks
December 13, 2012
08:24 EDTRSG, MTX, TISA, VIA, LAYN, MDCA, INAP, NU, CFGabelli to hold a conference
Best Ideas Conference is being held in New York on December 13.
News For INAP;VIA;RSG;MDCA;TISA;CF;LAYN;MTX;NU From The Last 14 Days
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November 14, 2014
07:14 EDTVIAViacom multiple compression overdone, says RBC Capital
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06:43 EDTVIAViacom CEO: Nielsen's ratings haven't kept up with trends, NY Times says
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November 13, 2014
09:25 EDTVIAViacom CEO says company will repurchase $750M shares in Q4
09:18 EDTVIAViacom management says TV renewals cover over 25% of subscriptions
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07:38 EDTVIABloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
06:54 EDTVIAViacom reports Q4 Media Networks revenue up 8% to $2.66B
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06:53 EDTVIAViacom reports Q4 adjusted EPS $1.71, consensus $1.68
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06:17 EDTVIASony unveils PlayStation Vue, a cloud-based TV service
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November 12, 2014
14:06 EDTMTXMinerals Technologies unit signs joint venture agreement with Rawabi Holding
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11:06 EDTCFStocks with call strike movement; COH CF
Coach (COH) May 40 call option implied volatility increased 2% to 30, CF Industries (CF) February 295 call option implied volatility increased 5% to 28 according to IVolatility.
10:43 EDTVIABernstein downgrades Discovery, Viacom, citing 'structural decline' in TV
Research firm Bernstein sees strong evidence that audiences of ad-supported TV have entered a period of "structural decline." The firm cut its rating on Discovery (DISCA), the owner of the Discovery Channel and Animal Planet cable stations, and Viacom (VIA,VIAB), which owns MTV and and Nickelodeon. The firm also cut its price target on CBS (CBS). WHAT'S NEW: Noting that audiences for ad-supported TV have fallen by unprecedented amounts for four months, Bernstein analyst Todd Juenger added that consumption of subscription video on demand, or SVOD, services continue to grow. Meanwhile, TV networks are seeing increased competition from Internet websites for ad dollars, limiting the ability of the networks to raise ad prices, Juenger stated. The profit margins and return on investment of content owners are likely to decline over time, the analyst believes. He downgraded Discovery to Market Perform from Outperform and set a $37 price target on the stock, and cut Viacom to Underperform from Market Perform, placing a $71 price target on that stock. Juenger reduced his price target on CBS to $55 from $60 and kept a Market Perform rating on the shares. He kept Outperform ratings on 21st Century Fox (FOXA), Disney (DIS), and Time Warner (TWX), saying that those are least affected by the trend, as they are less dependent than their peers on the American TV ad market and have a large amount of sports programming. PRICE ACTION: In mid-morning trading, Discovery lost 0.6% to $31.81, Viacom class A shares gained 0.6% to $70.09, CBS fell 0.7% to $51.48, Twenty-First Century Fox class A shares lost 0.5% to $34.75, Time Warner fell 0.5% to $77.69 and Disney was flat near $90 per share.
10:00 EDTVIAOn The Fly: Analyst Downgrade Summary
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09:30 EDTVIAViacom and Frontier Communications renew carriage agreement
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November 11, 2014
14:29 EDTCFCF Industries higher after CEO buys shares
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November 10, 2014
15:51 EDTCFMorgan Stanley to hold a conference
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15:16 EDTNUEdison Electric Institute to hold a conference
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12:07 EDTCFUSDA lowers corn production forecast by 68M bushels
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08:41 EDTTISATop Image Systems sees Q4 revenue $10.5M-$11.5M, consensus $11.56M
Michael Schrader, CEO, Top Image Systems, commented, "As we discussed on last quarter's conference call, in Q3, TIS incurred significant one-time expenses related mostly to transaction expenses, PMI costs, and accrual policy changes as well as to the legal fees related to the settlement of litigation with Mitek. The company expects to return to a more normalized expense level and profitability in the fourth quarter and projects that revenues will range between $10.5M-$11.5M and expenses will range between $9.3M-$9.7M."
08:40 EDTTISATop Image Systems reports Q3 EPS (10c), consensus (1c)
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November 9, 2014
16:36 EDTVIADisney's 'Big Hero 6' comes out on top at box office, Bloomberg says
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