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Stock Market & Financial Investment News

News Breaks
November 7, 2012
06:46 EDTVIVHY, BHP, DTV, APO, PSO, MHPOn The Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: McGraw-Hill (MHP) is said to be in exclusive talks with Apollo Global (APO) over the sale of its education unit, according to a Wall Street Journal report citing people familiar with matter...BHP Billiton (BHP) is planning for a successor to CEO Marius Kloppers, reports the Wall Street Journal...INDEPENDENT: Pearson (PSO) has denied a Bloomberg report that said the company is exploring a sale of the Financial Times, the Independent reports...NY POST: Hurricane Sandy took off nearly 20% of total retail sales in the Mid-Atlantic and Northeast regions, reports the New York Post...REUTERS: DirecTV (DTV) says it's in the early stages of examining a possible purchase of GVT, Vivendi's (VIVHY) Brazilian telecom unit, Reuters reports.
News For MHP;APO;BHP;PSO;DTV;VIVHY From The Last 14 Days
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June 30, 2015
14:34 EDTBHPIron ore producers slide after Australia cuts price target on the commodity
Shares of iron ore producers are falling after Reuters reported that Australia reduced its 2015 price forecast for iron ore to $54.40 a tonne from $60.40 a tonne. According to Reuters, Australia's current projection on iron ore prices is based on its view that China, the commodity's main market, will produce less steel in 2015 and 2016 as as the seaborne supply of iron ore increases. PRICE ACTION: Cliffs Natural Resources (CLF) is down over 10%, BHP Billiton (BHP) is lower by 2.3%, and Vale (VALE) is down 4% in afternoon trading. Steel stocks, including United States Steel (X), AK Steel Holding (AKS), and Nuco (NUE) are also sliding in afternoon trading.
12:45 EDTVIVHYVivendi finalizes acquisition of Dailymotion
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06:18 EDTAPOSumitomo Mitsui close to deal to buy GE's European PE finance unit, WSJ reports
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June 29, 2015
17:25 EDTDTVAT&T, DirecTV elect to further extend merger termination date
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15:32 EDTDTVDoubtful that FCC votes on AT&T, DirecTV deal this week, CTFN says
Sources said it is looking "increasingly doubtful" that the FCC will vote this week on the proposed merger between AT&T (T) and DirecTV (DTV), according to CTFinancialNews. Reference Link
June 26, 2015
09:18 EDTVIVHYSirius XM discloses settlement agreement with various record companies
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June 25, 2015
17:55 EDTVIVHYVivendi CEO says 'never say never' on raising Telecom Italia stake, Reuters says
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14:27 EDTAPOCapital One, Apollo, Ares, Ventas bid for GE healthcare lender, Bloomberg says
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08:47 EDTVIVHYMarriott and Universal Music Group launch global marketing partnership
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06:01 EDTBHPBHP Billiton to cut 140 jobs in South Australia, Herald Sun reports
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June 24, 2015
15:41 EDTVIVHYVivendi increases position in Telecom Italia to 14.9%
Vivendi (VIVHY) announced that it has received 1.11B ordinary shares, or 8.24%, of Telecom Italia (TI) in exchange for 4.5% of the share capital of Telefonica Brasil (VIV), in accordance with the option given to it as part of the sale of GVT to Telefonica (TEF). Separately, Vivendi increased its ordinary shares in Telecom Italia from the recently purchased 1.9% with an additional stake of 4.76% purchased on June 22 for a total of 6.66%, representing a global cash payment of approximately EUR1B. Vivendi now owns 14.9% of Telecom Italia’s ordinary shares and has thus replaced Telefonica as the company’s largest shareholder. "This investment represents an opportunity for Vivendi... to expand in a market with significant growth prospects and a very strong appetite for quality content. Vivendi intends to support Telecom Italia over the long term," said the company.
10:00 EDTBHPOn The Fly: Analyst Upgrade Summary
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05:31 EDTBHPBHP Billiton upgraded to Neutral from Underperform at Credit Suisse
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June 23, 2015
10:19 EDTAPOReno shoe chain hires bankers to explore sale, Reuters reports
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07:01 EDTBHPWestmoreland board approves purchase agreement for San Juan mine
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05:41 EDTDTVAT&T upgraded to Buy from Neutral at UBS
UBS analyst John Hodulik upgraded AT&T (T) to Buy citing an attractive valuation at current share levels. Hodulik expects the phone giant's core domestic wireless business to show "meaningful improvement" in Q2. He also thinks financial benefits from the DirecTV (DTV) acquisition are being underappreciated by the market. Hodulik raised his price target for AT&T shares to $42 from $34. The stock was also upgraded this morning by Barclays analyst Amir Rozwadowski. AT&T shares closed yesterday up 5c to $35.04.
05:35 EDTDTVAT&T upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Amir Rozwadowski upgraded AT&T (T) to Overweight saying earnings estimates should move higher following the close of the DirecTV (DTV) acquisition. After visiting AT&T's headquarters, Rozwadowski believes synergies from the deal are "too material to ignore." He raised his price target for AT&T shares to $39 from $34. The stock closed yesterday up 5c to $35.04.
June 22, 2015
09:52 EDTDTVKimberly-Clark names DirecTV CEO Michael White to board of directors
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06:42 EDTVIVHYVivendi expected to raise Telecom Italia stake to 14.9%, Reuters reports
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June 21, 2015
19:21 EDTVIVHYFox rejects offers from Vodafone, Vivendi for Sky stake, Telegraph says
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