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Stock Market & Financial Investment News

News Breaks
February 13, 2012
07:01 EDTSNE, CMCSA, TWX, NWSA, IMAX, CKEC, CNK, RLD, RGC'The Vow' leads box office, weekend up 27.2% from last year, WSJ reports
The pre-Valentine's Day weekend at the box office was up 27.2% from the same period last year, with Sony's (SNE) "The Vow," Universal's (CMCSA) "Safe House," Time Warner's (TWX) "Journey 2: The Mysterious Island," and a rerelease of Fox's (NWSA) "Star Wars: Episode 1—The Phantom Menace" all eclipsing the $20M mark, reported The Wall Street Journal. Reference Link
News For SNE;CMCSA;TWX;NWSA;IMAX;CKEC;CNK;RLD;RGC From The Last 14 Days
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June 18, 2013
17:12 EDTSNENvidia to begin licensing GPU cores, visual computing portfolio
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16:22 EDTSNEOn The Fly: Closing Wrap
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12:21 EDTSNEOn The Fly: Midday Wrap
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09:49 EDTSNESony rises after Third Point raises stake to 7%, levels to watch
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09:06 EDTTWXAmazon Kindle FreeTime Unlimited adds new kids content
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09:05 EDTSNET-Mobile to be exclusive carrier of Sony Xperia Z smartphone
T-Mobile U.S. (TMUS) announced it will be the exclusive U.S. wireless company to carry the Xperia Z from Sony (SNE).
08:52 EDTSNEOn The Fly: Pre-market Movers
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07:42 EDTSNEMay U.S. retail video game sales fall 25%, Bloomberg reports
U.S. retail sales of video game hardware, software and accessories tumbled 25% to $386.3M this past May, with overall hardware sales down 31% from last year to $96M, reported Bloomberg citing data from NPD Group. Reference Link
07:39 EDTSNELoeb ups his Sony stake, pushes for entertainment IPO, WSJ reports
Hedge-fund investor Daniel Loeb's Third Point LLC increased its stake in Sony Corp. as it moved to persuade the company to launch an IPO of its entertainment division, reports the Wall Street Journal. Third Point added about 5M shares to its Sony stake, for a total of 70M shares, or 6.9% of the company. This morning in Tokyo, Loeb's fimr sent a letter from him to Sony CEO Kazuo Hirai reiterating their argument that Sony should sell a 15% to 20% stake in its entertainment arm, which comprises the company's movie and music businesses. Reference Link
06:05 EDTSNESony implied volatility at upper end of index mean range
June 17, 2013
20:08 EDTSNEDan Loeb sends second letter to Sony, Variety reports
Dan Loeb has sent a second letter to Sony CEO Kazuo Hirai reiterating his proposal to spin-off Sony's entertainment assets, reports Variety. Reference Link
07:11 EDTTWX'Man of Steel' earns $113M in debut weekend, Bloomberg says
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06:53 EDTCMCSAComcast upgraded to Strong Buy from Outperform at Raymond James
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June 16, 2013
19:51 EDTTWX'Man of Steel' opens way for DC Comics to challenge in superhero genre, WSJ says
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June 14, 2013
15:06 EDTSNESony CEO says electronics, entertainment units should be together, Nikkei says
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15:03 EDTSNESony CEO says electronics, entertainment units should be together, Nikkei says
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10:32 EDTSNEGameStop climbs after Oppenheimer ups rating on shares
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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.
08:54 EDTCNKCinemark recent weakness a buying opportunity, says Credit Suisse
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07:18 EDTSNESony volatility elevated on wide price movement
Sony June call option implied volatility is at 43, July is at 51, October is at 47; above its 26-week average of 37 according to Track Data, suggesting large price movement.
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