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Stock Market & Financial Investment News

News Breaks
October 31, 2012
08:42 EDTTWC, T, CHTRTime Warner Cable, AT&T sign deal for Lakers network, LAT says
Time Warner Cable (TWC) struck its third distribution deal in two days for its new L.A. regional sports networks by coming to terms with AT&T's (T) U-Verse, reported The Los Angeles Times. The latest agreement for the new TV home of the Lakers follows recent deals with Charter Communcations (CHTR) and Verizon (VZ) Fios, the report noted. Reference Link
News For TWC;T;CHTR From The Last 14 Days
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June 19, 2013
07:13 EDTTTelecom industry looks to grow through acquisition, Bloomberg reports
Global telecommunications companies are chasing after deals from Kansas to Munich in a quest for revenue growth that could lead to the biggest year for mergers in the industry since at least 2006, reports Bloomberg. Over $80B in telecommunications and cable transactions have already been announced or completed this year Reference Link
June 18, 2013
13:51 EDTTBlackBerry's Q10 to be available at AT&T June 21, Cnet says
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07:42 EDTTO'Reilly Media to hold a conference
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June 17, 2013
11:18 EDTTSamsung phone to transmit data at much faster speed, Reuters reports
Samsung intends to sell a version of its Galaxy S 4 smartphone that will transmit data at almost twice the speed of devices that use conventional LTE, the company's co-CEO said, according to Reuters. The company is in talks with a number of carriers about selling the new phone, the executive told Reuters. Reference Link
11:10 EDTTSierra Wireless is likely beneficiary General Motors vehicle connectivity, says Avondale
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10:10 EDTTWCOn The Fly: Analyst Downgrade Summary
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09:55 EDTTVerizon considering move into Canada, Globe and Mail says
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09:48 EDTCHTR, TWCTime Warner Cable CEO rebuffed Charter deal, says Deutsche Bank
Deutsche Bank believes Time Warner Cable (TWC) CEO Glenn Britt has rebuffed Liberty Media (LMCA) CEO Greg Maffei's attempts to create a merger of equals among Charter (CHTR) and Time Warner Cable. Deutsche believes a potential deal between Time Warner Cable and Charter is tabled for the moment since Liberty Media Chairman Dr. Malone indicated last week that he was not interested in hostile takeovers.
07:13 EDTTTelefonica denies it received $93B offer from AT&T, Reuters reports
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06:45 EDTTWCTime Warner Cable downgraded to Market Perform from Outperform at Raymond James
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06:14 EDTTOn the Fly: Periodicals Wrap-Up
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June 16, 2013
19:59 EDTTWCLiberty Media and Time Warner Cable CEOs met, WSJ says
In the latest sign that Liberty Media (LMCA) may be interested in sparking consolidation in the cable sector, Liberty Media CEO Greg Maffei is said to have recently met with Time Warner Cable (TWC) CEO Glenn Britt to discuss the benefits of mergers in the cable industry, says the Wall Street Journal, citing people familiar with the matter. Reference Link
June 14, 2013
16:34 EDTTWC, CHTROn The Fly: Closing Wrap
Stocks on Wall Street were lower after opening higher, but pulling back from its early levels following consumer confidence data that pulled back from recent six-year highs. The averages moved to their worst levels near mid-afternoon and closed off those levels, with the Dow logging the day's biggest losses. ECONOMIC EVENTS: In the U.S., the producer price index for May rose 0.5% from the prior month, versus expectations for a 0.1% month-over-month increase. Core PPI, which excludes the food and energy components, increased 0.1%, matching forecasts. The first quarter current account balance showed the deficit shrunk to $106.1B, versus consensus for the current account deficit to widen to $111.2B. May industrial production was flat, compared to expectations for it to grow 0.2%, while capacity utilization fell to 77.6% from the revised prior reading of 77.7%. The preliminary Reuters/University of Michigan consumer sentiment reading for June slipped to 82.7 from the prior 84.5 reading, where it had been forecast to hold steady. In Europe, employment in the euro zone currency bloc shrank 0.5% in the first three months of the year from the prior quarter, while the wider EU saw a 0.2% decline. EU consumer prices rose by 0.1% in May, putting the annual inflation rate at 1.4% compared to 1.2% in April, Eurostat said. COMPANY NEWS: Elan (ELN) shares gained $1.05, or 8.33%, to $13.66 after the company said it will explore a possible sale of the company "in light of the expressions of interest received to date." Royalty Pharma, which has been making a hostile takeover bid for the Irish drugmaker, was invited to participate in the process... Walter Energy (WLT) fell $2.56, or 17.43%, to $12.13 after a report by Forbes said the company withdrew a proposed $1.55B loan refinancing. The company later released a statement saying the proposed refinancing would not have raised additional capital and that the company has no material debt principal payments due until 2015. MAJOR MOVERS: Among the notable gainers was Restoration Hardware (RH), up $9.51, or 16.13%, to $68.47 after its quarterly results beat expectations and the company raised its fiscal year outlook. Also higher were shares of Charter Communications (CHTR), up $5.72, or 5.16%, to $116.61, and Time Warner Cable (TWC), up $7.78, or 8.09%, to $103.93 after CNBC's David Faber reported Liberty Media's (LMCA) CEO discussed a combination between Charter and Time Warner with Time Warner Cable's CEO. Among the noteworthy losers was Myriad Genetics (MYGN), down another $4.42, or 13.81%, or $27.59 the day after the Supreme Court ruled on gene patents. INDICES: The Dow was down 105.90, or 0.70%, to 15,070.18; the S&P was down 9.63, or 0.59%, to 1,626.73; the Nasdaq was down 21.81, or 0.63%, to 3,423.56.
14:38 EDTTWC, CHTRTime Warner Cable volatility increases on Charter looking for acquisitions, CNBC
Time Warner Cable (TWC) June and July call option implied volatility is at 24, October is at 23; above its 26-week average of 20 according to Track Data, suggesting larger price movement on Charter Communications (CHTR) looking for acquisitions, overture made to Time Warner, CNBC says.
14:26 EDTCHTR, TWCCharter looking for acquisitions, overture made to Time Warner, CNBC says
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07:27 EDTTWCTiVo volatility at historic lows after patent settlements
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07:21 EDTTClinton Global Initiative to host to host a meeting
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07:15 EDTTNSA data not collected directly from Verizon Wireless, T-Mobile, WSJ says
Because of their foreign ownership ties, Verizon Wireless (VZ, VOD) and T-Mobile USA (TMUS, DTEGY) do not have data on their calls collected directly by the National Security Agency, according to The Wall Street Journal, citing people familiar with the matter. The Journal's sources said the other two nationwide carriers, AT&T (T) and Sprint (S), have long cooperated with the government and officials believe they can still capture information on 99% of U.S. phone traffic because nearly all calls eventually travel over the networks owned by other cooperating companies. Reference Link
June 13, 2013
09:30 EDTTClinton Global Initiative to host to host a meeting
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06:40 EDTTWCCable companies looking to derail Intel broadcast bid, NY Times says
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