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Stock Market & Financial Investment News

News Breaks
August 3, 2012
14:42 EDTKCG, CMCSA, GMMarket set to end week higher after economic data cheers investors
Stocks fell early in the week after central bankers in the U.S. and Europe disappointed investors, but today's better than expected economic data has left stocks poised to finish the week higher... MARKET NEWS: After holding a two-day meeting, the Fed on Wednesday didn't indicate that it was launching another round of stimulus. On the other side of the Atlantic, European Central Bank President Mario Draghi indicated that his central bank may buy sovereign bonds in the future, but did not outline concrete plans for doing so. However, stocks look set to end the week on a positive note after the U.S. reported that its economy had added 163,000 net new nonfarm jobs in July, versus the consensus estimate of 100,000. Meanwhile, an index of non-manufacturing activity for July came in at 52.6, versus the consensus estimate of 52.0... COMPANY NEWS: Knight Capital (KCG) on Wednesday announced that it had lost $440M due to erroneous trades triggered by a software glitch. The brokerage firm is looking to obtain funds in order to stay afloat... GM (GM) yesterday morning reported higher than expected EPS but lower than expected revenue. The automaker's European operations generated a Q2 EBIT-adjusted loss of $0.4B... Comcast (CMCSA) reported higher than expected Q2 EPS and in-line revenue.
News For KCG;GM;CMCSA From The Last 14 Days
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December 17, 2014
11:09 EDTCMCSAFormer Hulu CEO gears up to launch Vessel, Re/code reports
Former Hulu CEO Jason Kilar is getting ready to launch a web video service called Vessel, which utilizes YouTube stars, Re/code reports. Reference Link
December 16, 2014
09:59 EDTGMOn The Fly: Analyst Downgrade Summary
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08:29 EDTCMCSAComcast to launch online live stream of NBC, WSJ reports
Comcast's (CMCSA) NBC is launching a live stream of its broadcast network online today and plans for it to be available on mobile platforms early next year, but NBC does not plan to sell a separate online version without requiring a pay-TV subscription, unlike peers CBS (CBS) and Time Warner’s (TWX) HBO, said The Wall Street Journal. Reference Link
07:30 EDTGMGeneral Motors retreats in pre-market after analyst downgrades shares
GM shares are falling in pre-market trading after RBC Capital downgraded the stock to Sector Perform from Outperform, citing weak auto trends in North America and overly optimistic targets by the company. WHAT'S NEW: In North America, GM will face slowing demand, negative pricing trends, and higher regulatory and content costs, RBC Capital analyst Joseph Spak wrote in a note to investors today. The company's target for 10% profit margins in North America appears to be optimistic, given competition from the major Japanese automakers, which are benefiting from yen weakness, the analyst stated. Similarly, GM's Cadillac sales targets also seem ambitious, as it faces competition from German competitors that are in a strong position in North America and have a foothold in China, according to Spak. The analyst reduced his price target on the stock to $35 from $41. PRICE ACTION: In early pre-market trading, GM fell nearly 1% to $30.75.
06:46 EDTCMCSAComcast to allow Roku users to stream premium channels, Re/code says
Comcast reached a deal with set-top box company Roku that should allow its users to stream HBO and Showtime by authenticating subscriptions to their respective apps, reports Re/code.Reference Link
06:33 EDTGMGeneral Motors downgraded to Sector Perform from Outperform at RBC Capital
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December 15, 2014
13:16 EDTGMUAW head looking for wage hikes in new contract, Automotive News says
Veteran auto workers should get a wage increase in a new contract, while the compensation of newly hired employees should move closer to that of longer serving workers, UAW President Dennis Williams said today, according to Automotive News. Williams said he is not considering launching a strike when the auto workers' contact ends in September, the website added. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).Reference Link
11:30 EDTGMGeneral Motors management to meet with Sterne Agee
Meeting to be held in New York on December 19 hosted by Sterne Agee.
08:34 EDTCMCSANexstar announces long-term affiliation agreement with NBC Television Network
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06:55 EDTGMTakata tightening restrictions on suppliers, Reuters reports
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December 12, 2014
07:35 EDTKCGKCG Holdings reports Nov. average daily market making volume of $29.3B
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December 11, 2014
07:49 EDTGMThe New York Times to hold a conference
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06:24 EDTCMCSADISH plans to leave broadcast channels out of basic online TV package, WSJ says
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December 10, 2014
10:10 EDTKCGHigh option volume stocks
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December 9, 2014
15:03 EDTCMCSADiscovery Communications rises after CEO sees outperforming U.S. peers
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11:11 EDTCMCSADiscovery, Hulu announce new distribution agreement
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06:48 EDTCMCSAAnalysts say Netflix undermining TV ad revenue, NY Times reports
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06:25 EDTCMCSAComcast, USA Network trialing 'Playing House' on-demand , WSJ reports
Comcast (CMCSA) is planning to make new episodes of the sitcom "Playing House" available first on its on-demand service and air them on the USA Network the following week, The Wall Street Journal reports. Reference Link
December 8, 2014
14:36 EDTCMCSATime Warner Cable CEO reports strong trends in October, November, says UBS
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11:10 EDTGMVolkswagen sees challenging developments continuing for rest of year
Volkswagen (VLKAY) said, “The challenging developments on markets worldwide – above all in Eastern Europe and South America – will continue for the remainder of this year. The Volkswagen Passenger Cars brand handled these challenges successfully during the course of the year, but was not entirely immune to their impact.” Other publicly traded companies in the passenger automotive space include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), and Toyota (TM).
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