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Stock Market & Financial Investment News

News Breaks
November 4, 2012
19:25 EDTLBTYALiberty Global reports Q3 EPS (8c)
Reports revenue $2.52B, consensus $2.51B.
News For LBTYA From The Last 14 Days
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November 20, 2015
16:23 EDTLBTYALiberty Global reports 3.4% stake in Lionsgate
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November 19, 2015
12:41 EDTLBTYALiberty Global management to meet with Buckingham
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November 16, 2015
13:51 EDTLBTYALiberty Global offers to buy Cable & Wireless for $5.3B
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13:41 EDTLBTYALiberty Global sees Cable & Wireless offer closing in 2Q16
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13:40 EDTLBTYALiberty Global announces recommended share acquisition of Cable & Wireless
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November 12, 2015
22:27 EDTLBTYALiberty Global, Discovery acquires shares of Lionsgate
Liberty Global (LBTYA, LBTYK) and Discovery Communications (DISCA) have each purchased 5M common shares of Lions Gate (LGF), resulting in each having an approximately 3.4% shareholding of Lionsgate's current outstanding Common Shares. The 10.0M Common Shares were acquired from funds affiliated with MHR Fund Management. Liberty Global and Discovery Communications each paid approximately $195M for their respective stake in Lionsgate representing a purchase price of approximately C$52.68 per Common Share based on current exchange rates. Liberty Global and Discovery Communications purchased the securities for investment purposes only.
17:05 EDTLBTYALionsgate announces offering of 5M shares related to Liberty Global deal
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16:52 EDTLBTYALionsgate files to sell 5M shares related to Liberty Global deal
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November 10, 2015
14:58 EDTLBTYALionsgate owner diversification limits MHR overhang risk, says Piper Jaffray
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12:25 EDTLBTYAOn The Fly: Top stock stories at midday
Stocks on Wall Street opened in negative territory and drifted throughout the morning, with the Dow and S&P recovering more quickly than the Nasdaq. The Nasdaq remains down by about 0.5% amid a slide in Apple (AAPL) following cautious analyst comments around weakness seen in its supply chain. ECONOMIC EVENTS: In the U.S., import prices fell 0.5% in October and export prices slipped 0.2%. Wholesale sales rose 0.5% in September, with inventories rising 0.5% in the month as well. In China, the consumer inflation rate fell to an annual 1.3% in October, which was down from 1.6% the month before and below the 1.5% consensus forecast. COMPANY NEWS: Shares of Apple declined nearly 3% after Credit Suisse analyst Kulbinder Garcha and the firm's Asia Technology Team said that iPhone supply chain orders have weakened recently. Garcha reduced his calendar year 2016 iPhone estimate to 222M from 242M units, but believes weakness in the stock creates an attractive entry point, given the scope of the iPhone installed base and its ability to drive future upgrades... Gap (GPS) tumbled about 4% after the apparel retailer reported that its same-store sales declined last month and gave lower than expected profit guidance for its just completed quarter... Shares of Valeant (VRX) were down about 5% near noon after the company held another call this morning with investors to update on the impact of recent negative press and the termination of its relationship with specialty pharmacy Phillidor on its business. Shares of Mallinckrodt (MNK), which was mentioned cautiously yesterday by the same short-seller that has previously targeted Valeant, are also down 5% near midday. MAJOR MOVERS: Among the noteworthy gainers was D.R. Horton (DHI), which rallied 7% after it reported quarterly earnings and provided an outlook for fiscal 2016. Also higher was Liongate (LGF), which gained 4.5% after reporting Q2 earnings and stating that Discovery (DISCA) and Liberty Global (LBTYA) each agreed to take 3.4% stakes in the company. Among the notable losers was Wayfair (W), which fell nearly 12% after it reported better than expected Q3 earnings but was also mentioned by investor Whitney Tilson as his largest short position. Also lower was Flotek (FTK), which dropped 33% after it said, in response to a cautious report yesterday, that an analysis of its FracMax database suggested that certain production data was misinterpreted by the company and understated the production of a small subset of wells. INDEXES: Near midday, the Dow was up 4.24, or 0.02%, to 17,734.72, the Nasdaq was down 22.14, or 0.43%, to 5,073.16, and the S&P 500 was up 0.34, or 0.02%, to 2,078.92.
09:52 EDTLBTYADiscovery, Liberty Global to each acquire 3.4% stake in Lionsgate
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09:44 EDTLBTYALionsgate announces new strategic relationship with Discovery, Liberty Global
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