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Stock Market & Financial Investment News

News Breaks
November 14, 2012
19:20 EDTSNESony down almost 9% after convertible bond issue
News For SNE From The Last 14 Days
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February 12, 2016
12:36 EDTSNEBox Office Battle: 'Deadpool' seen topping 'Zoolander 2,' 'How to Be Single'
Three new films are making their domestic debuts this Presidents' Day weekend -- 21st Century Fox's (FOX, FOXA) R-rated superhero film "Deadpool," starring Ryan Reynolds; Viacom (VIA, VIAB) subsidiary Paramount's comedy sequel "Zoolander 2," starring Ben Stiller, Owen Wilson, and Will Ferrell; and Time Warner's (TWX) Warner Bros. romantic comedy "How to Be Single," starring Dakota Johnson and Rebel Wilson. "Deadpool" is expected to easily win the four day weekend with an estimated gross of $65M-$72M, with "Zoolander 2," expecting $22M-$25M, and "How to Be Single," expecting $22M-$24M, fighting for second place. DreamWorks Animation's (DWA) "Kung Fu Panda 3," starring Jack Black, is expected to gross $19M-$20M in its third weekend of release, while Comcast (CMCSA, CMCSK) subsidiary Universal's "Hail, Caesar!," directed by the Coen brothers and starring George Clooney, is looking to earn $7M-$8M in its second weekend of release. Disney's (DIS) "Star Wars: The Force Awakens," which is still playing it 1,810 theaters, is expected to add another $5M-$6M to its record breaking totals. Other publicly traded companies involved in filmmaking include Lionsgate (LGF) and Sony (SNE).
06:21 EDTSNEGoogle developing all-in-one VR headset, WSJ reports
Alphabet's Google (GOOG) is developing an all-in-one virtual-reality headset that doesn't require the use of smartphones, computers, or game consoles to work, the Wall Street Journal reports, citing people familiar with the matter. The company also intends to launch a more advanced edition of its $20 cardboard VR viewer later this year, the report says, citing people familiar with the matter. The new plastic viewer will come fitted with computer chips and sensors, the report says. The new devices reflect Google's increasing interest in VR and will put the company in competition with Facebook (FB), whose Oculus unit intends to begin shipping a $599 headset next month, the report says. HTC and Sony (SNE) are also planning headsets for this year that rely on PCs and game consoles, while Samsung (SSNLF) started selling a $100 VR viewer in November that uses the company's phones, the report says. Reference Link
February 8, 2016
12:05 EDTSNEOn The Fly: Top stock stories at midday
Stocks on Wall Street began the session deep in negative territory and proceeded to move lower throughout the session, amid a renewed selloff in oil prices and fears that bankruptcies related to the prolonged slump will begin to pick up pace. The move lower is not restricted to the energy sector and has been broad-based, as each of the major equity indexes was lower by about 2% or more. ECONOMIC EVENTS: In the U.S., the labor market conditions index came in at 0.4 for January, below expectations for a reading of 2.0. In Asia, markets in mainland China, Hong Kong, Taiwan and Korea were all closed for the New Year holiday. Data was still released in China that showed the country's foreign currency reserves fell to their lowest level since May 2012, dropping about $99B in January, though that was better than analysts forecast and ahead of some recent whispers. COMPANY NEWS: Chesapeake Energy (CHK) tumbled over 50%, dropping as low as $1.50 per share, after media reports indicated that the natural gas producer has hired restructuring lawyers from Kirkland & Ellis. Subsequently, the stock was halted pending news and the company confirmed that Kirkland & Ellis continues to advise the company as it seeks to further strengthen its balance sheet. However, Chesapeake noted that it currently has "no plans to pursue bankruptcy," and its shares recovered some of their earlier losses upon being reopened for trading. The stock was down a bit over 25% near noon... Meanwhile, another player in the oil space with ties to Chesapeake, Energy Transfer Equity (ETE), declined 30% after the company disclosed, via a regulatory filing after Friday's close, that it was making a change to the Chief Financial Officer of its general partner. According to the company, the departure of CFO Jamie Welch from the post was not caused by any disagreements between him and the MLP over accounting issues or financial matters. Williams Company (WMB), with has agreed to merge with Energy Transfer, also slid 25%. MAJOR MOVERS: Among the notable gainers was Apollo Education (APOL), which rallied 25% after it agreed to be acquired by a group led by private equity company Apollo Global (APO) for $9.50 per share. Also higher was GoPro (GPRO), which gained 9% after Microsoft (MSFT) announced a new collaborative patent licensing agreement with the beaten down action camera maker. Among the noteworthy losers was Sarepta (SRPT), which fell 12% after the FDA delayed a decision on the company's Duchenne muscular dystrophy treatment eteplirsen. Also lower was BioCryst (BCRX), which plunged 67% after a clinical trial of its hereditary angioedema drug failed to meet its primary endpoint. In addition, DexCom (DXCM) was 17% lower after it was downgraded to Neutral from Outperform at Baird. INDEXES: Near midday, the Dow was down 317.14, or 1.96%, to 15,887.83, the Nasdaq was down 101.02, or 2.32%, to 4,262.12, and the S&P 500 was down 36.43, or 1.94%, to 1,843.62.
February 7, 2016
20:36 EDTSNEOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Ford (F) plans to build a new assembly plant in Mexico and expand its existing factory near Mexico City, sharply increasing production capacity in the country as it looks to focus its U.S. efforts on trucks and SUVs, the Wall Street Journal reported. 2. GoPro (GPRO) and Microsoft (MSFT) signed a patent licensing agreement late Friday, lifting shares of the action camera maker in after-hours trading. 3. Media reports indicate Twitter (TWTR) could be rethinking its news feed, potentially ordering posts based on popularity rather than chronological date. 4. Apollo Education (APOL) received a second investigative subpoena from California's attorney general related to the marketing, recruiting, accreditation, and other aspects of its for-profit schools. 5. Celgene (CELG), Gilead (GILD), Thermo Fisher (TMO) and Vantiv (VNTV) were mentioned positively by Barron's this weekend, while Church & Dwight (CHD) was called overvalued and GoPro was identified as a possible takeover target by Under Armour (UA) or Sony (SNE).
17:27 EDTSNE'Kung Fu Panda' defends top spot as undead Jane Austen misses
"Kung Fu Panda 3" missed analyst forecasts for its second week at the box office but still staved off newcomers "Hail, Caesar!" and "Pride And Prejudice And Zombies," with the latter coming in sharply below estimates. WEEKEND LEADER: "Kung Fu Panda 3," produced by DreamWorks (DWA) and distributed by Fox (FOX, FOXA), grossed $21M domestically for the weekend of February 7. The film dipped roughly 49% from its $41M debut, missing expectations for $23M-$24.7M. BOX OFFICE RUNNERS-UP: Universal's (CMCSA, CMCSK) "Hail, Caesar!" debuted at $11.4M versus expectations for $10M-$11M. Directed by the Coen brothers, the comedy film features an ensemble cast of Josh Brolin, George Clooney, Ralph Fiennes, Jonah Hill, Scarlett Johansson, Tilda Swinton and Channing Tatum. Meanwhile, Fox's "The Revenant" took in another $7.1M for a U.S. total of $149.7M, while Disney's (DIS) "Star Wars: The Force Awakens" added $6.9M to its domestic tally. Rounding out the top five was Lionsgate's (LGF) "The Choice" with $6.1M against a reported budget of $10M. "Pride And Prejudice And Zombies," Sony's (SNE) undead take on the Jane Austen classic, shambled to just $5.2M despite predictions of a possible $10M-$11M open.
13:21 EDTSNEUnder Armour, Sony could be interested in GoPro, Barron's says
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February 5, 2016
13:46 EDTSNEBox Office Battle: 'Kung Fu Panda 3' expected to remain on top
DreamWorks Animation's (DWA) "Kung Fu Panda 3," starring Jack Black, is expected to retain the top spot at the box office in its second weekend of release, with an estimated domestic gross of $23M-$24.7M. Second place is likely to be a toss-up between Comcast (CMCSA, CMCSK) subsidiary Universal's "Hail, Caesar!," directed by the Coen brothers and starring George Clooney, and Lionsgate's (LGF) Jane Austen parody "Pride and Prejudice and Zombies," which are both predicted to open in the $10M-$11M range. Expected to round out the top five are Fox's (FOX, FOXA) survival story and Oscar contender "The Revenant," which is expected to earn an additional $8M-$9M, and Disney's (DIS) "Star Wars: The Force Awakens," which is expected to gross another $7M in its eighth weekend at theaters -- pushing it past the $900M mark domestically and the $2B mark globally. Other publicly traded companies involved in filmmaking include Sony (SNE), Time Warner (TWX), and Viacom (VIA, VIAB).

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