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Stock Market & Financial Investment News

News Breaks
April 3, 2014
08:36 EDTBKS, LMCALiberty Media, Barnes & Noble announce change in ownership of preferred shares
Liberty Media Corporation (LMCA)) & Barnes & Noble (BKS) announced that Liberty Media Corporation has entered into agreements to reduce its stake in Barnes & Noble. Liberty Media informed Barnes & Noble that while Liberty has sold the majority of its shares to qualified institutional buyers in reliance on Rule 144A under the Securities Act, it will retain approximately 10% of its initial investment. Liberty further informed Barnes & Noble that the sale is expected to settle on Tuesday, April 8. As a result of Liberty’s reduced ownership, they will no longer have the right to elect two preferred stock directors to Barnes & Noble’s Board. Additionally, Liberty’s consent rights and pre-emptive rights will cease to apply. Due to the loss of the right to elect two preferred stock directors, Greg Maffei will cease to serve on the board as of the closing on April 8. Mark Carleton has been re-elected to the Barnes & Noble Board effective upon the closing on April 8.
News For LMCA;BKS From The Last 14 Days
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November 25, 2014
11:10 EDTBKSWorldwide tablet growth expected to slow to 7.2% in 2014, IDC says
The worldwide tablet market is expected to see a massive deceleration in 2014 with year-over-year growth slowing to 7.2%, down from 52.5% in 2013, according to a new forecast from International Data Corporation (IDC). At the core of this slowdown is the expectation that 2014 will represent the first full year of decline in Apple iPad shipments. Both the iPad and the overall market slowdown do not come as a surprise as device lifecycles for tablets have continued to lengthen, increasingly resembling those of PCs more than smartphones. "The tablet market continues to be impacted by a few major trends happening in relevant markets," said Ryan Reith, Program Director with IDC's Worldwide Quarterly Mobile Device Trackers. "In the early stages of the tablet market, device lifecycles were expected to resemble those of smartphones, with replacement occurring every 2-3 years. What has played out instead is that many tablet owners are holding onto their devices for more than 3 years and in some instances more than 4 years. We believe the two major drivers for longer than expected tablet lifecycles are legacy software support for older products, especially within iOS, and the increased use of smartphones for a variety of computing tasks." Publicly traded companies in the space include Samsung (SSNLF), Apple (AAPL), Google (GOOG), Amazon.com (AMZN) and Barnes & Noble (BKS). Reference Link
November 24, 2014
14:35 EDTBKSBarnes & Noble volatility increases into Q2 and outlook
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06:29 EDTBKSBarnes & Noble moves into gifts to reverse declines in store traffic, WSJ says
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November 20, 2014
10:02 EDTLMCAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Zoetis (ZTS) downgraded to Market Perform from Outperform at William Blair... Target (TGT) downgraded to Hold from Buy at Evercore ISI... Alexandria Real Estate (ARE) downgraded to Neutral from Outperform at RW Baird... Allscripts (MDRX) downgraded to Sector Perform from Outperform at RBC Capital... athenahealth (ATHN) downgraded to Underperform from Sector Perform at RBC Capital... Boston Properties (BXP) downgraded to Neutral from Outperform at RW Baird... Cliffs Natural (CLF) downgraded to Hold from Buy at Deutsche Bank... Cubist (CBST) downgraded to Neutral from Outperform at Credit Suisse... Denbury Resources (DNR) downgraded to Equal Weight from Overweight at Barclays... E-House (EJ) downgraded to Perform from Outperform at Oppenheimer... Owens-Illinois (OI) downgraded to Market Perform from Outperform at BMO Capital... Quality Systems (QSII) downgraded to Sector Perform from Outperform at RBC Capital... Sapient (SAPE) downgraded to Hold from Buy at Stifel... Harsco (HSC) downgraded to Hold from Buy at Argus... Credit Acceptance (CACC) downgraded to Underperform from Market Perform at JMP Securities... Liberty Media (LMCA) downgraded to Hold from Buy at Telsey Advisory.
09:30 EDTLMCALiberty Media downgraded to Hold from Buy at Telsey Advisory
07:16 EDTLMCACharter could look to buy Time Warner Cable if Comcast deal fails, WSJ says
John Malone, the chairman of Liberty Media (LMCA), said Charter Communications (CHTR) would look to buy Time Warner Cable (TWC) if TWC's deal with Comcast (CMCSA) falls through, The Wall Street Journal reports. Malone told shareholders at Liberty's investor day that he would pursue "an outright purchase" of Time Warner Cable if regulators don't approve the Comcast deal. Reference Link
November 19, 2014
15:34 EDTLMCALiberty Media CEO says focused on expanding cash reserves
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09:04 EDTLMCALiberty Media to host investor meeting
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