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Stock Market & Financial Investment News

News For CVC;VZ;POM;HMC;XEL;TWC;ED;NSR;T;CTL;S;CMCSA;AWK;SE From The Last 14 Days
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March 17, 2015
08:01 EDTPOMExelon, Pepco Holdings reach settlement agreement with Maryland counties
Exelon Corporation (EXC) and Pepco Holdings (POM) announced that they have reached a settlement agreement with Montgomery and Prince George’s counties in the proceeding before the Maryland Public Service Commission to review the companies’ proposed merger, which was announced on April 30, 2014. The two counties represent all of Pepco’s Maryland customers and nearly three-fourths of Pepco Holdings total customers in Maryland. The settlement, which is subject to the approval of the Commissioners of the PSC, was filed by Exelon and Pepco Holdings and signed by Montgomery County, Prince George’s County, the National Consumer Law Center, National Housing Trust, Maryland Affordable Housing Coalition, the Housing Association of Nonprofit Developers and a consortium of nine recreational trail advocacy organizations led by the Mid-Atlantic Off-Road Enthusiasts. The settlement includes commitments aimed at providing benefits to customers and the state through a combination of bill credits, funding for energy-efficiency programs and renewables investments, low-income customer assistance and other provisions, including: A commitment to designate a portion of a proposed $94.4M customer investment fund to provide $36.8M in bill credits, or approximately $50 per Pepco and Delmarva Power customer in Maryland. The remainder -- $57.6M -- will go toward funding energy-efficiency programs designated by Montgomery County, Prince George’s County and the PSC. A commitment to help economically challenged customers lower their energy bills by dedicating at least 20% of the energy efficiency funds to programs targeting low- and moderate-income customers. In addition to today’s agreement, Exelon and Pepco Holdings announced March 10 that they have reached a settlement with The Alliance for Solar Choice in Maryland. The merger requires approvals by the Maryland Public Service Commission, the Public Service Commission of the District of Columbia and the Delaware Public Service Commission. On Feb. 13, Exelon reached a settlement agreement with staff of the Delaware Public Service Commission and other stakeholders, and the agreement is pending approval by the Commission. Following the expiration of the U.S. Department of Justice’s review period on Dec. 22, 2014, the Hart-Scott-Rodino Act no longer precludes completion of the merger.
07:45 EDTXELBarclays to hold a conference
Atlanta Power and Utilities CFO Corporate Day is being held in Atlanta on March 17-18.
06:10 EDTVZSpherix announces Markman hearing held as scheduled in Verizon case
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March 16, 2015
15:24 EDTCVCCablevision to provide HBO NOW via Optimum Online
Cablevision (CVC) and Time Warner's (TWX) Home Box Office announced that they have reached an agreement to offer standalone streaming service HBO NOW to Optimum Online customers via the internet. Optimum is the first cable provider to partner with HBO to offer the new service, which is expected to launch in April in time for the fifth season of Game of Thrones, the companies said. Cablevision plans to provide pricing and other particulars for HBO NOW in the coming weeks. Terms of the agreement were not disclosed. Apple (AAPL) and Time Warner announced on March 9 that HBO NOW will premier on Apple devices in April.
13:22 EDTTWCThe Children's Investment Fund reports 5.0% passive stake in Time Warner Cable
10:44 EDTCMCSANetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.
10:07 EDTCVCHigh option volume stocks
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March 13, 2015
17:11 EDTCMCSASony Pictures TV nears streaming video deal for Seinfeld, WSJ reports
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15:01 EDTCMCSA, T, TWCFCC stops 180-day clock in Comcast, AT&T deal proceedings
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10:09 EDTCTLHigh option volume stocks
High option volume stocks: ULTA HOG CTIC CTL LOCO IMPV BMRN IMOS ATHX GALE
10:02 EDTSSprint announces plan to reimburse all costs to switch
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09:50 EDTCTLActive equity options trading on open
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09:20 EDTCMCSA, T, TWC, CTL, VZ, CVCBofA/Merrill media/telecom analysts hold analyst/industry conference call
Media & Telecom Analyst Reif-Cohen and Barden, along with Matthew Brill, Pratner at Latham & Watkins LLP, discuss the FCC Open Internet Order on an Analyst/Industry conference call to be held on March 13 at 11 am.
March 12, 2015
12:35 EDTTWC, CMCSACharter in talks to buy Bright House Networks, Bloomberg reports
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12:22 EDTTAT&T management to meet with Jefferies
Group dinner to be held in New York on March 19 hosted by Jefferies.
12:01 EDTTAT&T issues statement on release of FCC's net neutrality order
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11:12 EDTTWC, TOptions with increasing implied volatility
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10:29 EDTTAT&T says FCC net neutrality ruling begins 'period of uncertainty'
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09:36 EDTCMCSANielsen survey shows 36% Netflix household penetration
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05:24 EDTTAT&T invests almost $2.8B in Florida
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