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Stock Market & Financial Investment News

News Breaks
February 4, 2013
06:40 EDTNWSA, TWX, CMCSK, JPM, CMCSA, KKRNews Corp., Time Warner may be bidders for ProSiebenSat.1, FT reports
Permira and KKR (KKR) are said to be working with JPMorgan Chase (JPM) on options for their 53% stake in German broadcaster ProSiebenSat.1 Media, including a potential sale. Potential bidders for the company include Time Warner (TWX), Comcast (CMCSA) and News Corp (NWSA), the Financial Times reports. Reference Link
News For KKR;JPM;TWX;CMCSA;CMCSK;NWSA From The Last 14 Days
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November 19, 2014
13:06 EDTCMCSADeutsche Telekom CEO says T-Mobile could again attract suitors, Bloomberg says
Bloomberg quotes Deutsche Telekom (DTEGY) CEO Timotheus Hoettges speaking in interview as having said that T-Mobile (TMUS) could attract interest from suitors such as Comcast (CMCSA), DISH (DISH) or America Movil (AMOV, AMX).
12:38 EDTJPMSenate Homeland Security & Government Affairs Committee to hold a hearing
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10:12 EDTKKRPetSmart says will not take questions on strategic alternatives exploration
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07:51 EDTJPMClearing House Payments Company to hold a conference
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07:37 EDTJPMCitigroup to hold a conference
Global Financial Conference is being held in Singapore on November 19-20.
06:03 EDTKKRSources: KKR, CD&R team up to take PetSmart private, Reuters reports
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November 18, 2014
09:10 EDTNWSASoutheastern leads challenge to News Corp. voting structure, FT says
Southeastern Asset Management, which now controls 12.7% of News Corpís voting stock, is at odds with Rupert Murdochís family over the company's dual-class share structure that gives Murdoch an outsized amount of the voting power, reported Financial Times. Reference Link
09:01 EDTJPMJPMorgan announces municipal bond agreement with LPL Financial
JPMorgan Chase & Co. (JPM) announced that it has signed an agreement with LPL Financial (LPLA) to provide access to new issue municipal bonds to LPL financial advisors. Under the agreement, LPL will be a preferred retail dealer for J.P. Morgan, further expanding the investment bankís distribution channels for new issue municipal bonds.
November 17, 2014
15:43 EDTNWSAGabelli liquidates stake in Move, Inc.
Gabelli's most recent stake, as reported on November 3, was 8.84%. As a result of the completion of the acquisition of the company by News Corp. (NWSA), Gabelli no longer has beneficial ownership of any of its shares.
10:06 EDTJPMSears Canada, JPMorgan Chase announce changes to credit card program
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06:35 EDTCMCSA'Dumb and Dumber To' takes first at the box office from 'Big Hero 6', WSJ says
Comcast (CMCSA) company Universal Pictures' "Dumb and Dumber To" brings in $38.1M at the box office, taking first away from Disney's (DIS) "Big Hero 6," which brought in $36M this weekend, reports the Wall Street Journal. "Big Hero 6" has a two week total of $111.7M in North America, the Journal adds. Reference Link
06:33 EDTTWXWarner Bros. wins 'Hobbit' royalties fight against Weinsteins, WSJ reports
Time Warner's Warner Bros. has prevailed over the Weinstein brothers in a $75M-plus lawsuit over the royalties for the second and third "Hobbit" films, the Wall Street Journal reports, citing people with knowledge of the situation. Reference Link
06:18 EDTJPMJPMorgan reports October net credit losses 2.26% vs. 2.24% last month
Reports October delinquency rate 1.34% vs. 1.30% last month.
November 16, 2014
17:42 EDTJPMJPMorgan settles mineral rights suit in Texas, Bloomberg says
JPMorgan settled a lawsuit by Texas mineral-rights owners that accused the bank of negotiating "sweetheart deals" with oil company clients to cheat them out of $681M in compensation, says Bloomberg. Beneficiaries of the South Texas Syndicate Trust alleged that JPMorgan entered into favorable deals for its commercial banking clients on the trustís rights in the Eagle Ford, added Bloomberg. Reference Link
November 14, 2014
08:29 EDTNWSANews Corp completes acquisition of Move, Inc
News Corp announced that it has successfully completed its acquisition of Move, Inc. Move is a provider of online real estate services and operates a network of sites, including realtor.com, the official website for the National Association of Realtors. The previously announced tender offer by a subsidiary of News Corp for all of the outstanding shares of Move common stock at a price of $21.00 per share expired as scheduled at the end of the day, 12:00 midnight, New York City time, on November 13, 2014. Excluding shares tendered by notice of guaranteed delivery, a total of approximately 34,299,586 shares were validly tendered into and not withdrawn from the tender offer, representing, together with the shares owned by News Corp and its subsidiaries, approximately 83.1% of Moveís outstanding shares. As a result, News Corp, through its subsidiary, has accepted for payment and will promptly pay for all such validly tendered shares pursuant to the terms of the tender offer. Following its acceptance of the tendered shares, News Corp completed the acquisition by causing the merger of its subsidiary with and into Move without a vote of Moveís stockholders, pursuant to Section 251(h) of the Delaware General Corporation Law. Upon completion of the merger, Move became an indirect, wholly-owned subsidiary of News Corp. As a result of the merger and in accordance with the terms of the merger agreement, all eligible Move shares not tendered into the tender offer were cancelled and converted into the right to receive $21.00 per share in cash, without interest and less any applicable withholding taxes, the same price per share offered in the tender offer. As a result of the acquisition, Move shares ceased to be traded on the NASDAQ Stock Market. REA Group Limited, in which News Corp owns a 61.6% interest, has entered into a definitive agreement with News Corp to acquire a 20% stake in Move. The transaction is expected to be completed on November 17.
November 13, 2014
09:06 EDTCMCSAComcast and Boys & Girls Clubs of America launch My Future Technology initiative
Comcast NBCUniversal and Boys & Girls Clubs of America have entered into a five-year national partnership valued at tens of millions of dollars in cash and in-kind support. The partnership includes the launch of My.Future, a new technology initiative designed to teach Club members about our digital world and ignite their passion for technology.
07:38 EDTJPMBloomberg 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,
06:27 EDTNWSADow Jones to end German, Turkish services, Sunday inserts, WSJ reports
Dow Jones, a unit of News Corp, will eliminate certain local-language news products in Germany and Turkey, The Wall Street Journal Radio Network and The Sunday Journal, leading to the reduction of 50-60 jobs, the Wall Street Journal reports, citing a source familiar with the matter. In a staff memo, Dow Jones CEO William Lewis explained that "It will come as no surprise that in order to do even more, we must do fewer things that are not core to our business so that we can move faster in pursuit of our goals." Reference Link
06:17 EDTCMCSK, CMCSASony unveils PlayStation Vue, a cloud-based TV service
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06:02 EDTCMCSK, CMCSAComcast moving ahead with $45B acquisition of Time Warner Cable, AP reports
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