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Stock Market & Financial Investment News

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January 29, 2014
06:45 EDTCVC, CMCSA, T, CHTR, NFLX, VZ, TWCFCC chairman promises response to net neutrality decision, Re/code says
FCC Chairman Tom Wheeler yesterday morning indicated that his agency would respond to a recent court decision that struck down its net neutrality rules, Re/code reported yesterday. Wheeler did not indicate how the FCC would respond, the website stated. Reference Link
News For NFLX;CMCSA;TWC;CHTR;CVC;VZ;T From The Last 14 Days
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November 10, 2014
14:09 EDTT, NFLX, VZ, CMCSA, TWC, CVCBoehner strongly opposes net neutrality
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13:52 EDTCHTRCharter issues statement regarding White House Title II announcement
Charter Communications released the following statement in response to the White House Title II Announcement: "Charter Communications unambiguously supports an open Internet, which is vital for consumers and central to our continued success. The extraordinary growth of broadband service in the United States, which now reaches more than 70 million households, has largely been the result of the current regulatory environment. For these reasons, we strongly oppose the reclassification of broadband as a Title II service under the Telecommunications Act. Efforts to reclassify broadband ignore the fact that the current rules have encouraged billions of dollars of investment in our broadband infrastructure and Americans' access to open, fast, and reliable service has never been greater. Applying 1930's-era, rotary telephone legislation to a 21st century computer technology comes with significant risks to consumers. It is a solution in search of a problem and threatens to undermine continued investment to improve and expand our nation's broadband infrastructure."
13:26 EDTVZ, CMCSA, TWC, NFLX, CVCCable providers fall after Obama weighs in on net neutrality
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13:14 EDTTAT&T not entering Inflight Connectivity space, RGN reports
AT&T (T) decided not to enter the inflight connectivity after deeming the space too risky, RGN reports, citing sources. AT&T confirmed in a statement to the website, "After a thorough review of our investment portfolio, the company decided to no longer pursue entry into the Inflight Connectivity industry." AT&T's entrance into the space was seen as possibly competitive threat to Gogo (GOGO). Reference Link
12:45 EDTTFullscreen to acquire Rooster Teeth, terms not disclosed, Reuters reports
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12:43 EDTTAT&T issues statement on White House Title II announcement
AT&T issued the following statement in response to the White House's announcement regarding Title II. AT&T executive VP Jim Cicconi said, "Today’s announcement by the White House, if acted upon by the FCC, would be a mistake that will do tremendous harm to the Internet and to U.S. national interests. It is a complete reversal of a bipartisan policy that has been in place since the Clinton Administration—namely, to treat Internet access as an information service subject to light-touch regulation. This classification of Internet service has been upheld by the Supreme Court and has enjoyed strong Congressional support for nearly a generation. Now, with one statement, the White House is telling the FCC to ignore this precedent and to instead impose on the entire Internet—from end to end—onerous government regulation designed in the 1930s for a Bell phone monopoly that no longer exists, not for a 21st century technology. This will have a negative impact not only on investment and innovation, but also on our economy overall. For a generation, the Internet has been an American success story. Light-touch regulation has encouraged levels of investment unprecedented by any industry and spawned incredible innovation. Today’s action puts all of that at risk—and puts it at risk not to remedy any specific harm that has occurred. Instead, this action is designed to deal with a hypothetical problem posed by certain political groups whose objective all along has been to bring about government control of the Internet. The White House is proposing to put the Internet and our economy at risk as a result of such political pressures. We feel the actions called for by the White House are inconsistent with decades of legal precedent as well as Congressional intent. Moreover, if the government were going to make such a momentous decision as regulating the entire Internet like a public utility, that decision is more properly made by the Congress and not by unelected regulators without any public record to support the change in regulation. If the FCC puts such rules in place, we would expect to participate in a legal challenge to such action.”
12:25 EDTTWCTime Warner Cable issues statement on White House Title II announcement
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12:24 EDTCVC, NFLX, TWC, CMCSA, VZ, CHTROn The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday. The averages opened mixed, but very close to the flat line, and have continued to drift slowly higher from that point. There is little to stand in the way of the market’s drift, as the economic calendar is quiet, the earnings season is winding down, and the most closely watched geopolitical situations are currently status quo. ECONOMIC EVENTS: In the U.S., little of note was on the economic calendar. The Federal Reserve's newly introduced Labor Market Conditions Index was flat at 4 in October. The Fed started updating estimates of the LMCI every month beginning with last month. COMPANY NEWS: Shares of Netflix (NFLX) advanced about 1% after xxx President Barack Obama publicly urged the Federal Communications Commission to implement the "strongest possible rules" to protect net neutrality. In response, Verizon (VZ) said it supports the open Internet and continues to believe that the "light-touch regulatory approach in place for the past two decades has been central to the Internet’s success," adding that it believes the reclassification Obama called for would "apply 1930s-era utility regulation to the Internet" and be a "radical reversal of course" that would threaten great harm to an open Internet, competition and innovation." A number of Internet Service Providers, including Comcast (CMCSA), Time Warner Cable (TWC), Charter (CHTR) and Cablevision (CVC), moved lower after Obama weighed in on the hot-button issue. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 22% after the company presented data from the ongoing Phase 2 study of its Hepatitis C virus treatment at the Annual Meeting of the American Association for the Study of Liver Diseases, or AASLD. Also higher was Dean Foods (DF), which rose more than 13% after the dairy products distributor’s third quarter results, as well as its fourth quarter and full year profit outlook, surpassed analysts’ consensus estimates. Among the noteworthy losers was Rayonier (RYN), which dropped 13% after management determined that there was a material weakness in the company's internal controls, restated certain previously made financial statements, and cut its dividend reflecting expectations of reduced cash available for distribution due to lower expected annual harvest levels. INDEXES: Near midday, the Dow was up 18.55, or 0.11%, to 17,592.48, the Nasdaq was up 10.77, or 0.23%, to 4,643.30, and the S&P 500 was up 4.01, or 0.2%, to 2,035.93.
10:42 EDTCMCSAComcast falls after Obama urges internet reclassification under Title II
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10:09 EDTCMCSA, TWCOptions with increasing implied volatility: CZR IGT CMCSA TWC
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10:06 EDTCVC, CMCSA, CHTR, VZ, TWCVerizon says utility Internet regulation would 'threaten great harm'
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10:01 EDTCMCSA, CHTR, TWCTWC, Charter, Comcast drop after Obama calls for Internet regulation
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09:45 EDTVZ, CMCSA, CVC, NFLX, TWC, CHTR, TObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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09:43 EDTCMCSA, TWC, T, VZ, NFLX, CVC, CHTRObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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08:22 EDTTNetwork equipment makers slip after AT&T projects lower 2015 capital spending
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08:12 EDTTAT&T 2015 capex reduction negative for select stocks, says JPMorgan
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07:23 EDTNFLXRBC Capital to hold a conference
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07:12 EDTCMCSACA Technologies to hold a conference
CA World 2014 is being held in Las Vegas on November 9-12.
07:11 EDTVZOpen Mobile Media to hold a summit
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05:58 EDTNFLXStocks with implied volatility below IV index mean; CHK NFLX
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