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Stock Market & Financial Investment News

News Breaks
February 6, 2013
16:50 EDTNWSANews Corp. reports Q2 Cable Network revenue $2.56B vs. $2.16B a year ago
Reports Q2 Filmed Entertainment revenue $2.07B vs. $2.06B a year ago; Q2 Publishing revenue $2.15B vs. $2.13B a year ago; Q2 Television revenue $1.53B vs. $1.52B a year ago; Q2 Direct Broadcast Satellite television revenue $890M vs. $947M a year ago.
News For NWSA From The Last 14 Days
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February 5, 2016
09:31 EDTNWSA, NWSANews Corp. upgraded to Buy from Outperform at CLSA
February 4, 2016
16:12 EDTNWSANews Corp. reports Q2 Digital Real Estate Services revenue up 35% to $208M
Reports "robust traffic" at realtor.com. Reports News and Information Services revenue down 8% to $1.4B. Reports Book Publishing revenue down 5% to $446M. Reports Cable Network Programming revenue down 5% to $106M.
16:10 EDTNWSANews Corp. says print advertising challenged, developing new ad products
"In our News and Information Services segment, print advertising remained challenged, but we are seeing growth in digital advertising and circulation revenues. We are particularly focused on cost reductions and sharing services around News Corp. to streamline operations at the newspapers in Australia and the U.K. Unruly, the viral digital advertising company acquired late last year, has been swiftly integrated into many of our companies, bringing cutting-edge metrics and a savvy social sensibility. We are developing advertising products for clients keen to benefit from the rise of video and mobile... Macro-economic conditions in most of our markets have not been auspicious," remarked News Corp.
16:08 EDTNWSANews Corp. reports Q2 adjusted EPS 20c, consensus 21c
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14:35 EDTNWSANotable companies reporting after market close
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06:28 EDTNWSANews Corp not interested in Yahoo acquisition, Business Insider says
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February 1, 2016
08:20 EDTNWSATwitter jumps after The Information breaks potential deal
Shares of Twitter (TWTR) are rising in pre-market trading after tech reporter Jessica Lessin said private equity firm Silver Lake and investor Marc Andreessen and have "considered some sort of deal" for the microblog service operator. WHAT'S NOTABLE: Lessin said in her report published on her site, The Information, that she did not know if deal considerations are "active" now with Andreessen and private equity firm Silver Lake. Silver Lake calls itself "the global leader in technology investing," stating that it has over $26B in combined assets under management. FREQUENT SPECULATION TARGET: Twitter has often been the subject of takeover rumors in the past year. Last April, Re/code's Kurt Wagner reported that Google (GOOG) and Facebook (FB) had looked at a potential acquisition of Twitter in the past, but noted at that time that neither tech giant was in discussions to acquire the social network owner. On January 20, News Corp. (NWSA) declined comment to CNBC regarding speculation about its potential interest in acquiring Twitter. Speculation also circulated the same day regarding an activist investor taking an interest in Twitter, trading sources told The Fly. PRICE ACTION: In pre-market trading near 8:15 am ET, Twitter rose 7% to $18 per share.
January 29, 2016
06:14 EDTNWSASky names James Murdoch chairman, WSJ reports
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January 28, 2016
06:30 EDTNWSAYahoo starts restructuring with 'invest/maintain/kill' list, Re/code reports
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January 25, 2016
11:41 EDTNWSAStifel downgrades Twitter as firm can't see positive spin for executive exits
Twitter (TWTR) is falling after CEO Jack Dorsey confirmed on Sunday night the departure of four company executives, leading research firm Stifel to downgrade the shares. EXECUTIVE EXODUS: The four executives leaving the company are Twitter's head of product, Kevin Weil, head of media, Katie Stanton, head of engineering, Alex Roetter, and head of human resources, Brian "Skip" Schipper. CEO Jack Dorsey confirmed the departures in a tweet, saying, "Want to set the record straight now: Given the inaccurate press rumors today regarding their departures, I'm addressing this now: I'm sad to announce that Alex Roetter, Skip Schipper, Katie Stanton and Kevin Weil have chosen to leave the company... COO Adam Bain will be taking on additional responsibilities, including responsibility for the revenue-related product teams, the media team and the HR team on an interim basis. CTO Adam Messinger will be taking over all of engineering and consumer product, design and research, user services and Fabric into one group." Note that due to Twitter's 140 character limit, Dorsey was forced to post his lengthy message in the form of an image of the text. OTHER EXECUTIVE NEWS: Twitter could name Leslie Berland, currently an executive VP at American Express (AXP), as its new Chief Marketing Officer reporting directly to Dorsey, this week, according to Re/code's Kara Swisher. Additionally, the Wall Street Journal noted that Twitter intends, as part of its shake-up. to bring in two new members to its board as soon as this week. At least one of the people is a high-ranking executive in the media industry, the Journal added. STIFEL DOWNGRADE: Twitter was downgraded to Hold from Buy by Stifel analyst Scott Devitt on Sunday. Devitt cited the executive departures, saying, "While we may not be the sharpest tools in the shed, we don't see how the departure of the heads of three major business divisions can be viewed as a positive in the middle of an attempted business turnaround." PRICE ACTION: In late morning trading, Twitter shares were down almost 4% to $17.15. Note this decline follows a rise of more than 4% late last week on rumors that News Corp. (NWS, NWSA) and other companies were interested in acquiring Twitter. News Corp. later denied it was building a Twitter stake.

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