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Stock Market & Financial Investment News

News Breaks
November 15, 2012
07:19 EDTPArtists oppose "Internet Radio Fairness Act" in open letter
125 artists, including 40 GRAMMY winners, are "opposing new cuts to artists' pay" that would come from the "Internet Radio Fairness Act," according to a statement yesterday from musicFIRST, a musician group. Common, Dead Kennedys, Missy Elliot, Vince Gill, Don Henley, Billy Joel, Maroon 5, Martha Reeves, David Sanborn, Michael W. Smith, and Roger Waters are among the artists named in an open letter posted on the group's site that will also be published in this weekend's Billboard Magazine. Internet radio companies such as Pandora are pushing Congress to pass the "Internet Radio Fairness Act," H.R. 6480/S. 3609, which could slash by 85 percent royalties paid to musicians and artists when their songs are played over Internet radio, the group said. Reference Link
News For P From The Last 14 Days
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March 27, 2015
12:29 EDTPPandora mentioned as stock pick by Legg Mason's Miller on CNBC
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March 26, 2015
07:24 EDTPWells Fargo to hold a forum
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March 25, 2015
19:21 EDTPApple, Beats working on streaming music service to rival Spotify, NY Times says
Apple (AAPL) is working with Beats to introduce a subscription streaming service to compete directly with services such as Spotify, according to the New York Times, citing people briefed on the company’s plans. Additionally, Apple is expected to overhaul iTunes Radio, the free service that competes with Pandora (P), the Times added. Reference Link
March 24, 2015
08:43 EDTPBullish Pandora argument 'not compelling,' says FBR Capital
FBR Capital believes the bullish argument that Pandora's earnings could support the stock under a SoundExchange Copyright Royalty Board victory scenario is "not compelling." FBR sees a "high probability" that rates are set well above current levels, which it views as a potential "meaningful headwind" for Pandora shares. It keeps an Underperform rating on the name with an $11 price target. It believes SoundExchange has the "inside track" in the CRB proceeding.
March 23, 2015
16:00 EDTPAmazon adds Pandora-like stations to Prime Music app, The Verge reports
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March 18, 2015
10:00 EDTPOn The Fly: Analyst Upgrade Summary
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09:23 EDTPOn The Fly: Pre-market Movers
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06:28 EDTPPandora upgraded to Buy from Fair Value at CRT Capital
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