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Stock Market & Financial Investment News

News Breaks
June 24, 2013
09:23 EDTTWC, DTV, YHOO, KKR, DIS, NWSA, CVC, CMCSAHulu's future uncertain, NY Times reports
Depending on who buys Hulu, the website could be used to either advance cord cutting trends, or combat them by allowing only users with cable subscriptions to access the site, according to The New York Times. Possible buyers include Time Warner Cable (TWC), DirecTV (DTV), Yahoo (YHOO), and Kohlberg Kravis Roberts (KKR), the newspaper stated. Hulu, which the newspaper said is expected to sell for about $1B, is jointly owned by Disney (DIS), Comcast (CMCSA), and News Corp. (NWSA). Reference Link
News For TWC;DTV;YHOO;KKR;DIS;NWSA;CVC;CMCSA From The Last 14 Days
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August 13, 2014
11:27 EDTDTVJDSU falls after outlook disappoints, analyst downgrades
Shares of JDSU (JDSU), a provider of equipment to telecommunications service providers, are sharply lower after the company's fourth quarter results and first quarter guidance were reported last night. Following the report, the stock was downgraded this morning at two Street research firms. WHAT'S NEW: Last night, JDSU reported fourth quarter adjusted earnings of 14c per share, beating the consensus forecast by 1c, on revenue of $448.6M, which topped the consensus $436.8M view. However, JDSU expects revenue to be $405M-$425M in its first quarter and sees Q1 EPS of 8c-12c, which fell short of consensus of about $441M and 14c, respectively. JDSU's President and CEO Tom Waechter said, "Looking ahead to fiscal 2015, we believe there are strong market drivers across our three business segments, and that we are well positioned with differentiated products and solutions to support our customers as they transition to Software Defined Networks, Network Function Virtualization and more dependency on cloud infrastructure. We continue to lead in our core network and anti-counterfeiting markets and I am pleased with the momentum we are building in our commercial lasers business on the strength of our highly differentiated fiber laser product line." ANALYST OPINION: Following the company's report, B. Riley analyst Dave Kang cut his rating on JDSU shares to Neutral from a Buy rating, citing near-term uncertainties in the North American telecom market. Kang pointed to two events contributing to that uncertainty, namely an architectural shift to SDN, or Software Defined Networking, and AT&T's (T) planned merger with DirecTV (DTV). The analyst acknowledged previously underestimating the potential impact of the SDN shift on the telecom equipment industry and noted that appears to be impacting JDSU's NSE business more than its optical component unit. Kang prefers Finisar (FNSR) over JDSU given the current environment, noting that about 70% of Finisar's sales come from the datacom sector. Kang lowered his price target on JDS Uniphase shares to $11.75 from $15.50. Piper Jaffray analyst Troy Jensen also downgraded JDSU following its report, lowering his rating on the stock to Neutral from Overweight. Jensen also said the company's worse than expected guidance indicates softer Telco spending and he believes JDSU will have trouble showing significant revenue acceleration even if the optical upgrade cycle starts to ramp up. Piper lowered its price target on the stock to $12 from $14. OTHERS TO WATCH: Other providers of telecom equipment include Ciena (CIEN) and Infinera (INFN). PRICE ACTION: In morning trading, shares of JDSU fell $1.12, or 9.4%, to $10.78. Meanwhile, shares of Finisar were down nearly 2% to $19.58, Ciena slipped 1.5% to $18.92 and Infinera was fractionally higher at $9.09.
11:12 EDTTWCTime Warner Cable adds NBCUniversal portfolio to TV Everywhere
Time Warner Cable announced the addition of NBCUniversal’s portfolio of broadcast and cable networks to its TV Everywhere offering across multiple platforms and devices. Time Warner Cable and Bright House subscribers will have authenticated access to live and on demand content from NBCUniversal’s cable networks including USA Network, Syfy, Telemundo, Bravo, Oxygen, CNBC, MSNBC, mun2, NBC Sports Network, and Golf Channel, as well as local NBC and Telemundo owned broadcast stations.
09:15 EDTYHOOOn The Fly: Pre-market Movers
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August 12, 2014
17:09 EDTYHOOYahoo says Alibaba to sell assets relating to its SME loan business for $518M
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16:50 EDTYHOOAlibaba restructures arrangement with Small and Micro Financial Services Company
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13:05 EDTYHOOYahoo acquires Zofari, terms not disclosed
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10:38 EDTCMCSAAxial collects $11M from backers, Fortune says
Private company financing online platform Axial has collected nearly $11M in Series B funding from backers such as Redpoint Ventures, First Round Capital and Comcast Ventures, according to Fortune, citing comments from Axial CEO Peter Lehrman. Comcast Ventures was the primary backer. Reference Link
08:01 EDTDISDisney price target raised to $101 from $96 at Argus
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05:58 EDTDISAmazon's Disney dispute about more than pricing, WSJ reports
Amazon's (AMZN) dispute with Disney (DIS) is about more than pricing, according to the Wall Street Journal, and concerns promotion and product placement on Amazon's website. Additionally, the dispute encompasses questions over "who makes up the difference when Amazon loses money to match the prices of competitors," a source says. Reference Link
05:53 EDTDISDisney cuts employees at DisneyToon Studios, Variety reports
Disney is cutting at least 16 employees at its DisneyToon Studios unit, which produced "Planes: Fire & Rescue," Variety reports, citing sources. Reference Link
05:24 EDTDISDisney, PANDORA Jewelry announce strategic alliance
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August 11, 2014
06:13 EDTKKRTreasury Wine Estates confirms receipt of competing proposal
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August 10, 2014
21:15 EDTKKRKKR rival TPG makes bid for Treasury Wine Estates, WSJ says
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17:04 EDTDISParamount's 'Teenage Mutant Ninja Turtles' tops weekend box office, WSJ says
Paramount Pictures' (VIA,VIAB) "Teenage Mutant Ninja Turtles" edged out Disney's (DIS) "Guardians of the Galaxy," opening to an estimated $65M in the U.S. and Canada, says the Wall Street Journal. Reference Link
15:21 EDTDISAmazon stops preorders of some Disney movie titles, WSJ says
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August 8, 2014
12:34 EDTNWSAOn The Fly: Midday Wrap
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10:36 EDTDTVOptions with increasing implied volatility
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09:35 EDTNWSA, NWSANews Corp. downgraded to Underperform from Outperform at CLSA
06:04 EDTDISLisa and Ben Donovan leave Maker Studios, Re/code reports
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06:01 EDTYHOOYahoo to strengthen email encryption for users, Mashable reports
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