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Stock Market & Financial Investment News

News Breaks
August 3, 2013
16:43 EDTCBS, TWCTime Warner Cable CEO says wants to put CBS back on at sensible price
Time Warner Cable (TWC) CEO Glenn Britt said. "CBS (CBS) Television CEO Les Moonves was quoted as saying 'we are now at war with Time Warner Cable.' But the only people CBS is hurting are our viewers who love their shows. Please know that Time Warner Cable is at war with no one. We exist as a company to connect people to the things they love and CBS's shows and sports are a few of those things. We want to put CBS back on the air at a price that makes sense for us and our customers. That's not war, that's what our customers say they want Ė good programming at a fair price and on reasonable terms. We hope CBS will join us at the negotiating table and agree to a contract that is in the best interest of not only CBS, but everyone who enjoys watching television."
News For TWC;CBS From The Last 14 Days
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November 12, 2014
10:43 EDTCBSBernstein downgrades Discovery, Viacom, citing 'structural decline' in TV
Research firm Bernstein sees strong evidence that audiences of ad-supported TV have entered a period of "structural decline." The firm cut its rating on Discovery (DISCA), the owner of the Discovery Channel and Animal Planet cable stations, and Viacom (VIA,VIAB), which owns MTV and and Nickelodeon. The firm also cut its price target on CBS (CBS). WHAT'S NEW: Noting that audiences for ad-supported TV have fallen by unprecedented amounts for four months, Bernstein analyst Todd Juenger added that consumption of subscription video on demand, or SVOD, services continue to grow. Meanwhile, TV networks are seeing increased competition from Internet websites for ad dollars, limiting the ability of the networks to raise ad prices, Juenger stated. The profit margins and return on investment of content owners are likely to decline over time, the analyst believes. He downgraded Discovery to Market Perform from Outperform and set a $37 price target on the stock, and cut Viacom to Underperform from Market Perform, placing a $71 price target on that stock. Juenger reduced his price target on CBS to $55 from $60 and kept a Market Perform rating on the shares. He kept Outperform ratings on 21st Century Fox (FOXA), Disney (DIS), and Time Warner (TWX), saying that those are least affected by the trend, as they are less dependent than their peers on the American TV ad market and have a large amount of sports programming. PRICE ACTION: In mid-morning trading, Discovery lost 0.6% to $31.81, Viacom class A shares gained 0.6% to $70.09, CBS fell 0.7% to $51.48, Twenty-First Century Fox class A shares lost 0.5% to $34.75, Time Warner fell 0.5% to $77.69 and Disney was flat near $90 per share.
07:48 EDTCBSWells Fargo to hold a conference
5th Annual Technology, Media & Telecom Conference is being held in New York on November 12-13.
07:45 EDTTWCARRIS should be bought on weakness, says RBC Capital
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November 11, 2014
18:19 EDTCBS, TWCCBS, Disney look to block FCC Comcast merger disclosures, Bloomberg says
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13:36 EDTTWCTime Warner Cable and Comcast mentioned positively at Evercore ISI
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10:50 EDTTWCOptions with increasing implied volatility: GNW TWC
10:20 EDTTWCHigh option volume stocks
High option volume stocks: RLGY TWC LITB SPM ACRX JWN OCR CALL CST ERIC
07:44 EDTTWCComcast deal would only be derailed by Title II concessions, says Wells Fargo
After President Obama called for Internet providers to be regulated under Title II, Wells Fargo thinks that Comcast (CMCSA) will only walk away from the Time Warner Cable (TWC) deal if there are significant Title II concessions specifically attached to the deal. The firm suggests, however, that the deal could be restructured if the companies' stock prices continue to fall in reaction to Obama's statement.
07:06 EDTTWCObama's call for regulation worries investors in Comcast-TWC deal, WSJ says
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November 10, 2014
16:44 EDTTWCOn The Fly: Closing Wrap
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14:09 EDTTWCBoehner strongly opposes net neutrality
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13:26 EDTTWCCable providers fall after Obama weighs in on net neutrality
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12:25 EDTTWCTime Warner Cable issues statement on White House Title II announcement
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12:24 EDTTWCOn The Fly: Midday Wrap
Stocks on Wall Street were modestly higher at midday. The averages opened mixed, but very close to the flat line, and have continued to drift slowly higher from that point. There is little to stand in the way of the marketís drift, as the economic calendar is quiet, the earnings season is winding down, and the most closely watched geopolitical situations are currently status quo. ECONOMIC EVENTS: In the U.S., little of note was on the economic calendar. The Federal Reserve's newly introduced Labor Market Conditions Index was flat at 4 in October. The Fed started updating estimates of the LMCI every month beginning with last month. COMPANY NEWS: Shares of Netflix (NFLX) advanced about 1% after xxx President Barack Obama publicly urged the Federal Communications Commission to implement the "strongest possible rules" to protect net neutrality. In response, Verizon (VZ) said it supports the open Internet and continues to believe that the "light-touch regulatory approach in place for the past two decades has been central to the Internetís success," adding that it believes the reclassification Obama called for would "apply 1930s-era utility regulation to the Internet" and be a "radical reversal of course" that would threaten great harm to an open Internet, competition and innovation." A number of Internet Service Providers, including Comcast (CMCSA), Time Warner Cable (TWC), Charter (CHTR) and Cablevision (CVC), moved lower after Obama weighed in on the hot-button issue. MAJOR MOVERS: Among the notable gainers was Achillion Pharmaceuticals (ACHN), which rose 22% after the company presented data from the ongoing Phase 2 study of its Hepatitis C virus treatment at the Annual Meeting of the American Association for the Study of Liver Diseases, or AASLD. Also higher was Dean Foods (DF), which rose more than 13% after the dairy products distributorís third quarter results, as well as its fourth quarter and full year profit outlook, surpassed analystsí consensus estimates. Among the noteworthy losers was Rayonier (RYN), which dropped 13% after management determined that there was a material weakness in the company's internal controls, restated certain previously made financial statements, and cut its dividend reflecting expectations of reduced cash available for distribution due to lower expected annual harvest levels. INDEXES: Near midday, the Dow was up 18.55, or 0.11%, to 17,592.48, the Nasdaq was up 10.77, or 0.23%, to 4,643.30, and the S&P 500 was up 4.01, or 0.2%, to 2,035.93.
10:09 EDTTWCOptions with increasing implied volatility: CZR IGT CMCSA TWC
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10:06 EDTTWCVerizon says utility Internet regulation would 'threaten great harm'
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10:01 EDTTWCTWC, Charter, Comcast drop after Obama calls for Internet regulation
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09:45 EDTTWCObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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09:43 EDTTWCObama urges FCC to enact 'strongest possible rules' to protect net neutrality
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07:11 EDTCBSOpen Mobile Media to hold a summit
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