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Stock Market & Financial Investment News

News Breaks
March 21, 2014
09:22 EDTANN, YELP, TIF, NKE, LIN, TCEHY, LNVGY, BBRY, SYMC, GTN, EJ, UPIP, NXST, ITMN, MEGOn The Fly: Pre-market Movers
HIGHER: LIN Media (LIN), up 31% after agreeing to combine with Media General (MEG) in deal valued at $1.6B in cash and stock. Media General shares are up 12%, while other television station owners are also higher, including Gray Television (GTN), up 16%, and Nexstar (NXST), up 4%... E-House (EJ), up 13% after Tencent (TCEHY) makes strategic investment in Leju... Yelp (YELP), up 3% after announcing a strategic deal with Yellow Pages... Unwired Planet (UPIP), up 62% after Lenovo (LNVGY) buys patent portfolio from the company for $100M... Ann (ANN), up 10% after Golden Gate Capital reported 9.5% stake... BlackBerry (BBRY), up 2.8% after agreeing to sell majority of real estate holdings in Canada, shares upgraded at CLSA... InterMune (ITMN), up 11% after Boehringer Ingelheim trials of competing IPF drug hit primary endpoints. DOWN AFTER EARNINGS: Nike (NKE), down 2.6%... Tiffany (TIF), down 1%. ALSO LOWER: Symantec (SYMC), down 9.6% after it unexpectedly terminated its CEO and at least five research firms downgraded shares following the news.
News For LIN;MEG;GTN;NKE;ITMN;SYMC;TIF;NXST;BBRY;YELP;UPIP;LNVGY;ANN;EJ;TCEHY From The Last 14 Days
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January 28, 2016
10:35 EDTMEG, NXSTCox Communications: Nextar, Media General merger 'not in the public interest'
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07:25 EDTMEGMeredith likely to be range bound for a few quarters, says Wells Fargo
After Meredith (MDP) and Media General (MEG) terminated their merger, Wells Fargo expects Meredith's stock to be range bound for a few quarters, since it believes that no M&A deals in the broadcast sector will take place until the spectrum auction is over 6-9 months from now. Wells says that Meredith's magazines business continues to weaken its results, and it keeps a Market Perform rating on the shares.
January 27, 2016
16:50 EDTGTNGray Television promotes five senior Vice Presidents to new positions
Gray Television promoted its five Senior Vice Presidents to new positions effective on February 1. Jim Ryan is now Executive VP and CFO. Previously, he served as Senior VP and CFO. Kevin Latek is now Executive VP Chief Legal and Development Officer, while 'previously, he served as Senior VP of Business Affairs. Bob Smith is now Executive VP and Co-COO, when he previously served as Senior VP of Midwest and West regions. Nick Waller is now Executive VP and Co-COO. Previously he served as Senior VP of Mid-Atlantic and South. Jason Effinger is now Executive VP and Chief Digital and Technology Officer. Previously he served as Senior VP for Media and Technology.
09:43 EDTMEG, NXSTNexstar & Media General to host joint conference call
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08:48 EDTNXST, MEGMeredith and Media General agree to terminate merger agreement
Meredith Corporation (MDP) and Media General (MEG) said they have agreed to terminate immediately the binding merger agreement they entered into on September 8, 2015. In exchange for terminating the merger agreement, Meredith will receive: $60M in cash payable immediately, and an opportunity to negotiate for the purchase of certain broadcast and digital assets currently owned by Media General. There is no assurance that Media General and Meredith will reach agreement with respect to a purchase of any broadcast and digital assets, any such transaction being subject to approval of Nexstar Broadcasting (NXST) under Media General's merger agreement with Nexstar. Meredith Chairman and CEO Stephen Lacy commented, "While we still believe in the strategic and financial benefits a merger with Media General would have created, we are pleased with the financial benefits of the termination agreement and the shareholder value created." Media General CEO Vincent Saduskey said, "We are pleased to have this matter behind us and look forward to working towards completion of our transaction with Nexstar, which we believe is in the best interest of Media General and delivers superior value to our shareholders."
08:48 EDTNXST, MEGNexstar enters into definitive agreement to acquire Media General for $4.6B
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08:46 EDTMEGMeredith and Media General agree to terminate merger agreement
08:46 EDTMEG, NXSTNexstar to acquire Media General for $4.6B
08:00 EDTTIFTiffany, Coty announce new fragrance agreement
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January 26, 2016
13:13 EDTYELPYelp spike attributed to takeover speculation
An early afternoon spike in shares of Yelp (YELP) is being attributed to takeover speculation. A rumor has Priceline (PCLN) interested in a potential acquisition of Yelp, trading sources tell The Fly. Shares of Yelp are up 68c to $22.34 in early afternoon trading after earlier spiking as high as $22.87. The Fly, in fulfilling its mission of explaining stock movement, often comes across the many unconfirmed rumors being passed through trading desks and social media platforms. On the occasion that rumors or speculation appear on The Fly's news feed, it should be viewed not as giving credence to the conjecture, rather as simply highlighting its impact on the stock prices of the companies involved.
13:13 EDTYELPYelp January weekly calls active
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11:50 EDTMEG, NXSTMeredith near deal to end Media General pact, allow Nexstar deal, Bloomberg says
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11:22 EDTNXST, MEGMeredith close to allowing Media General, Nexstar deal, Bloomberg reports
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09:03 EDTLNVGYSAP and Lenovo sign agreement to develop cloud solutions in China
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08:33 EDTTCEHYImmersion, Tencent announce agreement on adoption of haptics in mobile game
Immersion (IMMR) and Tencent (TCEHY) announced an agreement to adopt haptics in Tencent's upcoming 3D action role playing game, "Kowloon War." Immersion will work with Timi Studios, Tencent's in-house creative studio, to design and develop tactile effects for the game.
07:06 EDTLNVGYCitigroup to hold a conference
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January 25, 2016
19:35 EDTMEG, NXSTNexstar nearing $2.3B deal for Media General, NY Post says
Nexstar (NXST) is preparing to sign within days a $2.3B agreement to acquire Media General (MEG), reports the New York Post, citing sources. Following its announcement, the deal is expected to be placed on hold because Media General has already agreed to a merger with Meredith (MDP), but Media hopes the deal will pressure Meredith to settle the termination fee related to the agreement, sources told the publication. Reference Link
10:22 EDTTIFOptions with decreasing implied volatility
Options with decreasing implied volatility: SRPT SPWR NFLX CREE FFIV ISRG TIF MXIM QIHU IBM
09:38 EDTTIFTiffany management to meet with Oppenheimer
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07:03 EDTNXSTNexstar says Cox subscribers in nine markets may lose programming January 29
Nexstar Broadcasting Group announced that Cox Communications subscribers in nine markets are at risk of losing network and local community programming at 11:59 p.m. local time on January 29, 2016 as Cox has yet to reach a new distribution agreement allowing the cable television provider the right to continue to air Nexstar's highly rated programming. For over five months, Nexstar has been negotiating in good faith to establish a mutually agreeable contract with Cox. Nexstar has established a long-term record of completing hundreds of agreements with cable and satellite providers for the carriage of its programming and is proud it has had no material service interruptions related to distribution agreements since 2005. Nexstar will continue negotiating with Cox to try and reach a fair agreement to allow viewers to continue receiving its programming on an uninterrupted basis. Nexstar is committed to consistently elevating the level of service provided to local communities in the markets it serves across the United States by making meaningful capital investments to expand local news, lifestyle, sports, weather and other programming and enhancing station infrastructure, production resources and technologies. Nexstar regrets that Cox Communications is willing to hold its paying subscribers hostage because it won't agree to fair and reasonable terms for viewers' favorite network, local news and community-focused programming, as well as other critical information and emergency service updates we provide that is relevant to local community viewers. Nexstar remains hopeful that a resolution can be reached before the January 29 deadline, but should Cox fail to come to terms with Nexstar, Nexstar intends to actively educate consumers in affected markets on how they can continue to receive their favorite network programming, in-depth local news, other content and programming relevant to their communities, and critical updates in times of emergencies.
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