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Stock Market & Financial Investment News

News Breaks
March 14, 2014
09:16 EDTSIRI, LMCANew structure 'good news' for Liberty shares, says Deutsche Bank
Deutsche Bank believes Liberty Media's (LMCA) shift to a dual tracking stock structure while ending its pursuit of buying Sirius XM (SIRI) is "good news" for Liberty Media shares. Deutsche notes that should Liberty revert to its prior 5% discount to asset value, the stock would be at $143. The firm has a Buy rating on the name with a $164 price target.
News For LMCA;SIRI From The Last 14 Days
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April 28, 2015
07:13 EDTSIRISirius XM raises FY15 revenue to $4.47B from $4.4B, consensus $4.49B
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07:12 EDTSIRISirius XM added 431K net new subscripers in Q1
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07:11 EDTSIRISirius XM reports Q1 EPS 2c, consensus 3c
Reports Q1 revenue $1.08B, consensus $1.09B
April 27, 2015
15:04 EDTSIRINotable companies reporting before tomorrow's open
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April 23, 2015
10:12 EDTLMCACharter seen as white knight for Time Warner Cable if Comcast deal blocked
The shares of Time Warner Cable (TWC) are declining after The Wall Street Journal reported that the FCC's staff recommended a course of action that could derail the company's merger with Comcast (CMCSA). However, research firm Jefferies remained upbeat on Time Warner Cable shares, saying that Charter (CHTR) would probably buy the company if the government nixes the Comcast deal. WHAT'S NEW: The FCC's staff yesterday recommended that the agency allow an administrative law judge to decide whether Comcast's proposed takeover of Time Warner Cable should be allowed to proceed, according to The Wall Street Journal. Such a move by the FCC would be seen as a strong sign that the agency does not believe that the takeover is in the public interest, the newspaper stated. ANALYST REACTION: In a note to investors earlier today, Jefferies analyst Mike McCormack upgraded time Warner Cable to Buy from Hold. Assuming the Comcast deal is going to close, Time Warner Cable's stock is worth $193, McCormack wrote. But, even in the unlikely event that the deal is not approved, Charter Communications is likely to step in and buy Time Warner Cable at a similar valuation as that which Comcast agreed to, McCormack predicted. An acquisition by Charter would face less regulatory risk than the Comcast deal, he added. Moreover, if the Comcast deal,is vetoed, Time Warner Cable could return up to $7B of cash to shareholders before holding talks with Charter, wrote the analyst, who set a $193 price target on Time Warner Cable. WHAT'S NOTABLE: John Malone, the chairman of Liberty Media (LMCA), has previously said that Charter would look to buy Time Warner Cable if its deal with Comcast falls through. PRICE ACTION: In early trading, Time Warner Cable slipped fractionally to $149.30, Comcast rose 2% to $60 and Charter gained 0.4% to $185.70.
April 22, 2015
17:23 EDTSIRINokia approaches Apple, Amazon, Facebook in sale of maps unit, Bloomberg says
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