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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 FBN’s 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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March 20, 2015
18:12 EDTAIGU.S. Court approves AIG investors' $970.5M settlement, Reuters reports
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07:46 EDTAIGAllstate, AIG, others questioned by regulator over pricing method, WSJ says
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06:28 EDTNWSAReuters' news sites 'inaccessible' in China, Reuters reports
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March 19, 2015
05:24 EDTNWSANews Corp builds investment plan in APN News to 14.99% stake
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March 16, 2015
15:13 EDTNWSANews Corp. management to meet with Jefferies
Meeting to be held in Boston on March 20 hosted by Jefferies.
10:44 EDTNWSANetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.
08:26 EDTAIGAIG to acquire controlling stake in NSM Insurance
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08:25 EDTAIGAIG acquires controlling interest in NSM Insurance Group
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March 12, 2015
14:59 EDTNWSAListhub announces settlement with Trulia, Bloomberg reports
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13:49 EDTNWSATrulia denied preliminary injunction in fight with ListHub
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13:17 EDTNWSAJudge tentatively denies injunction sought by Trulia, Bloomberg says
A judge in San Francisco tentatively denied Trulia's attempt to be granted a preliminary injection that would keep ListHub's listings on its website, according to Bloomberg. ListHub is owned by a News Corp. (NWSA) subsidiary. Trulia is part of Zillow Group (Z).

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