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Stock Market & Financial Investment News

News Breaks
March 10, 2014
08:45 EDTMARA, NFLX, AMZN, VZ, FOXA, DIS, CMCSAMarathon Patent Group files patent infringement lawsuits against Netflix, others
Marathon Patent Group (MARA) announced that its wholly-owned subsidiary CRFD Research Inc., has filed five patent infringement lawsuits in the United States District Court for the District of Delaware. CRFD is asserting infringement related to U.S. Patent numbers 7,191,233, entitled "System for automated, mid-session, user-directed, device-to-device session transfer system," and U.S. Patent numbers 7,574,486, entitled "Web Page Content Translator." Mishcon de Reya New York LLP has been retained as litigation counsel. The patent infringement lawsuits were filed against, Netflix (NFLX), Spotify, Amzaon.com (AMZN), Verizon (VZ), and Hulu (FOXA, DIS, CMCSA).
News For MARA;NFLX;AMZN;VZ;FOXA;DIS;CMCSA From The Last 14 Days
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October 14, 2014
08:13 EDTVZCorvex says Crown Castle, Verizon deal would 'diversify' revenues
Corvex said, "A Verizon (VZ) tower deal would diversify Crown Castle's (CCI) revenues and deepen the company's relationship with arguably the U.S.'s strongest wireless company and operator of the country's most robust network. As the largest and most-focused U.S. tower operator and the largest operator of legacy carrier portfolios, Crown Castle could be the best strategic acquirer of Verizon's tower assets. That does not mean the company will be best positioned financially to provide the highest and best bid though. Based on recent press articles, the potential sale price for the Verizon towers could be approximately $6B. However, we strongly believe that the company should not issue any equity at recent prices, and certainly not to acquire more tower assets at premium prices when Crown Castle continues to trade at a material discount to both transaction multiples and publicly traded peers."
07:23 EDTDISCBS more attractive than Disney, says Wells Fargo
Among media and cable stocks, Wells Fargo sees the least risk and most reward potential in CBS (CBS). The firm sees the least reward potential and most risk in Disney (DIS). The firm believes that the market is overestimating the ad declines for CBS, and it thinks that CBS' stock may have finally bottomed. Disney has a relatively expensive valuation and tough comps, added Wells Fargo, which keeps Outperform ratings on both stocks.
07:11 EDTNFLXNetflix October volatility elevated at 97 into Q3 and outlook
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06:23 EDTAMZNAmazon.in, Future Group enter into a strategic partnership
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06:19 EDTAMZNGoogle expands Express delivery service, to charge membership fee
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05:45 EDTNFLXNetflix upgraded to Buy with $600 target at BTIG
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October 13, 2014
16:14 EDTNFLXNetflix upgraded to Buy from Neutral at BTIG
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16:02 EDTAMZNOptions Update; October 13, 2014
iPath S&P 500 VIX Short-Term Futures up 3.71 to 39.56. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX SUNE GILD BAC PBR according to Track Data.
15:58 EDTMARAMarathon Patent Group acquires patent assets from MedTech
Marathon Patent Group announced this morning that it entered into an interest sale agreement with MedTech Development and agreed to acquire from MedTech certain subsidiaries of MedTech consisting of 100% of the limited liability membership interests of OrthoPhoenix and TLIF as well as 100% of the shares of MedTech Development Deutschland GmbH. As a result, Marathon became the sole interest holder of OrthoPhoenix and TLIF as well as the sole shareholder and owner of MedTech GmbH. Each of the subsidiaries owns certain medical technology patents, including pending litigation and settlement and licensing rights that are being acquired by the company in the transaction.The purchase price is $10M in cash, with $1M paid on closing and the remaining consideration paid over a nine-month period. Also, the company announced that on October 9 Marathon accepted subscriptions to issue 11% convertible notes in the aggregate principal amount of $5.5M due 2018 with 35% warrant coverage. The note and warrants, which on full conversion or exercise, at the initial conversion price of $15.00 per share and $16.50 per share for the warrants, could result in additional new shares being issued. The notes carry a mandatory conversion clause should the stock trade at a closing price of at least $27.00 per share for any four trading days within an eight trading day period.
13:10 EDTAMZNGoogle's Schmidt says Amazon is company's biggest search rival, FT reports
Eric Schmidt, the executive chairman of Google (GOOG), says Amazon (AMZN) is his company's biggest rival in search, not Bing (MSFT) or Yahoo (YHOO), the Financial Times reports. Schmidt also argued in Berlin that Google should not be regulated "as if it were the gatekeeper of the internet," given the influence of Amazon and Facebook (FB). Reference Link
11:24 EDTAMZNAmazon to create 1,000 new permanent jobs at UK fulfillment centers
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09:06 EDTNFLXNetflix, CBS sign distribution deal in Europe, Hollywood Reporter says
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09:03 EDTAMZNAmazon says Prime members to get early access to select Lightning Deals
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08:50 EDTNFLXNetflix charging extra for 4K Ultra HD content, Variety reports
Netflix will require subscribers to pay its most expensive service tier for 4K Ultra HD content, reports Variety. Subscribers must sign up for the "family" plan at $11.99 monthly, which allows for simultaneous streaming of up to four programs. The reason for the change was that producing and acquiring 4K content costs more that conventional HD, so it has repositioned Ultra HD as a premium offering. Reference Link
08:31 EDTAMZNAmazon, Future Group in online sales pact, Economic Times reports
India's largest listed retailer, Future Group, has signed a deal to jointly sell items over the Internet with Amazon, reported Economic Times, which noted that Future will begin by selling apparel and then expand to in-house brands in the home, electronics and food categories. Reference Link
07:43 EDTNFLXNetflix Q3 results expected to be inline, says Canaccord
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06:32 EDTCMCSAUniversal receives approval to open $3.27B theme park in Beijing, WSJ reports
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October 12, 2014
17:20 EDTAMZNGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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15:54 EDTFOXA, CMCSA21st Century Fox's 'Gone Girl' wins at box office with $26.8M, Bloomberg says
21st Century Fox's (FOX, FOXA) “Gone Girl” took first place at the box office this weekend taking in $26.8M, says Bloomberg. "Dracula Untold,” from Comcast's (CMCSA) Universal Pictures came in second this weekend taking in $23.5M, added Bloomberg. Reference Link
15:10 EDTDISDisney's Maker Studios to create programming for parent company, Bloomberg says
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