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Stock Market & Financial Investment News

News Breaks
November 29, 2012
13:21 EDTNWSA, AIGFOX Business achieves additional victory in Treasury lawsuit over FOIA requests
FOX Business Network (NWSA) has achieved another victory in its lawsuit against the United States Treasury Department over documents that the Treasury improperly withheld in response to FBNís Freedom of Information Act requests, announced Kevin Magee, FBN EVP. The decision was delivered earlier this week by United States Magistrate Judge Frank Maas, who ordered the Treasury to release the documents it had withheld regarding the bailout of American International Group (AIG). The records include internal communications among Treasury officials discussing AIG bonuses, media requests, dealings with Congress, and investor relations.
News For NWSA;AIG From The Last 14 Days
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October 31, 2014
07:36 EDTNWSANews Corp., Move announces experiation of Hart-Scott-Rodino waiting period
News Corp. (NWSA) and Move, Inc. (MOVE) announced that the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to News Corpís previously announced cash tender offer for Move expired on October 30 without any action having been taken by the U.S. Federal Trade Commission or the Antitrust Division of the US Department of Justice. The expiration satisfies the tender offer condition with respect to the expiration of the applicable waiting period under the HSR Act. The tender offer continues to be subject to the satisfaction of other customary conditions, including a minimum tender of at least a majority of the outstanding Move shares. As previously announced, unless the tender offer is extended, the offer and withdrawal rights will expire on November 13.
October 30, 2014
11:26 EDTAIGAIG November weekly volatility elevated into Q3 and outlook
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08:23 EDTNWSAMurdoch sees HBO online service doing 'fine' to start, WSJ reports
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October 21, 2014
14:09 EDTAIGThird Point discloses new positions in eBay, Alibaba, exit from Sony
In its Q3 investor letter, Third Point says it established a "significant" position in eBay (EBAY). Dan Loeb's hedge fund also revealed it has established a significant direct investment in Alibaba (BABA) shares now that the company is public. Third Point also said it is now one of Amgen's (AMGN) largest shareholders. During the quarter, Third Point exited its position in Sony (SNE) and reduced or exited other positions, including AIG (AIG), Hertz (HTZ) and Softbank (SFTBF), the firm stated in its letter. PRICE ACTION: Following the disclosures in the Third Point letter, Amgen is up 4%, eBay is up 2.3% and Alibaba is up 3.8%, while Sony shares trading in New York are down nearly 1%.
October 20, 2014
06:46 EDTNWSANews Corp. upgraded at Macquarie
As previously reported, Macquarie upgraded News Corp to Neutral from Underperform. The firm upgraded shares based on valuation and expectations for operational trends to improve in 2015. Price target is $16.70.
06:40 EDTNWSANews Corp. upgraded to Neutral from Underperform at Macquarie
06:38 EDTAIGAIG upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded AIG to Buy citing valuation following the recent pullback in shares. Deutsche believes concerns that Starr International could succeed in its trial against the U.S. Government are overblown. It raised its price target for AIG shares to $60 from $59.

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