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Stock Market & Financial Investment News

News Breaks
October 15, 2012
06:16 EDTNWSAPension funds look to oust Murdoch as News Corp chairman, Telegraph reports
The California Public Employees Retirement System and the California State Teachers' Retirement System, the two largest public pension funds in the U.S., have voted to oust Rupert Murdoch as News Corp's chairman ahead of the company's annual shareholders meeting, the Telegraph reports. Calpers says it will not back the re-election of Rupert Murdoch and his sons, James and Lachlan, to the News Corp board, while Calstrs has voted against the re-election of every News Corp director. Calvert Investments, a third pension fund, is also said to have voted against their re-election. Reference Link
News For NWSA From The Last 14 Days
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June 19, 2013
10:01 EDTNWSAOn The Fly: Analyst Downgrade Summary
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08:17 EDTNWSANews Corp. shares likely to "take technical hit" after spinoff, says Argus
Argus expects News Corp. to benefit in the long run from the separation of its publishing assets from its entertainment media assets on June 28. However, the firm expects the stock to "take a technical hit" in the short-term following the spinoff, and it keeps a Hold rating on the stock.
07:52 EDTNWSANews Corp. downgraded to Neutral from Buy at BTIG
05:45 EDTNWSANew News Corp. shares begin trading in Sydney, WSJ reports
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June 14, 2013
09:24 EDTNWSAOn The Fly: Pre-market Movers
HIGHER: Groupon (GRPN), up 8% following upgrade at Deutsche Bank... SolarCity (SCTY), up 8% following upgraded to Outperform from Neutral at Credit Suisse... Smith & Wesson (SWHC), up 5.4% after earnings pre-announcement, share buyback plan... Elan (ELN), up 7.7% after starting formal sale process. UP AFTER EARNINGS: Restoration Hardware (RH), up 12.5%. LOWER: China Ming Yang Wind Power (MY), down 4% after CFO steps down... Myriad Genetics (MYGN), down another 4.9% after Supreme Court ruling yesterday on gene patents... News Corp. (NWSA), down 1.5% after CFO announces plan to retire following split.
June 13, 2013
16:07 EDTNWSANews Corp. CFO DeVoe to retire following split
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12:31 EDTNWSANews Corp. CEO Rupert Murdoch files for divorce, Deadline says
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12:29 EDTNWSANews Corp. volatility flat, Murdoch files for divorce into split of company
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05:46 EDTNWSATraders pay for an early look at key data, WSJ reports
Economic reports from public universities, trade groups and other nongovernmental organizations can move markets just as official data from the U.S. government. But unlike government reports, where great pains are taken to make certain no one gets them ahead of time, few rules control release of nongovernmental economic reports. Unknown to many investors, selling early access is routine. It's legal, and so is trading on the advance peeks, reports the Wall Street Journal. Reference Link
June 12, 2013
19:59 EDTNWSANews Corp.'s Fox to take in less ad revenue, WSJ reports
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June 11, 2013
12:36 EDTNWSANews Corp. confirms holders approve separation of businesses
News Corporation announced that the company received approval from stockholders for the proposed amendments that enable the separation of its businesses into two independent, publicly traded companies as described in the company’s proxy statement filed with the SEC on April 30. News Corporation is positioned to complete the separation on June 28.
10:30 EDTNWSANews Corp. shareholders approve split plan, Bloomberg says
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June 10, 2013
07:43 EDTNWSA'The Purge' takes in $36M, beats 'Internship' at box office, Bloomberg says
Comcast's (CMCSA) horror film "The Purge" sold $36.4M in tickets this past weekend and unexpectedly surpassed News Corp.'s (NWSA) "The Internship," which grossed $18.1M, reported Bloomberg, citing Hollywood.com data. Reference Link
07:32 EDTNWSANews Corp. price target raised to $40 from $36 at Credit Suisse
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June 6, 2013
06:39 EDTNWSAAT&T in discussions to join Chernin Group for Hulu bid, AllThingsD reports
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