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Stock Market & Financial Investment News

News Breaks
February 11, 2014
09:23 EDTTWX, CHTRTime Warner: Charter nominating directors to prsesure board into accepting offer
Time Warner Cable (TWC) issued the following statement in response to receipt of notice that Charter Communications (CHTR) is seeking control of the Time Warner Cable Board by nominating 13 directors for election at the 2014 Annual Meeting of Stockholders. Charter previously made a proposal to acquire Time Warner Cable for $82.54 in cash and 0.372 CHTR share per TWC share, which was unanimously rejected as grossly inadequate by Time Warner Cable’s Board of Directors. Rob Marcus, Time Warner Cable’s Chairman and CEO, said: “It is clear that Charter is nominating a slate of directors for the sole purpose of pressuring our Board into accepting the same lowball offer that it previously considered and unanimously rejected. Our Board remains focused on maximizing shareholder value. We are confident in our strategic plan, which was detailed publicly on January 30, and we are not going to let Charter steal the company.”
News For TWX;CHTR From The Last 14 Days
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March 31, 2015
10:31 EDTCHTRCharter says additional M&A among possibilities after deals close
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10:18 EDTCHTRCharter sees Bright House transaction to be accretive to Charter shareholders
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10:13 EDTCHTRCharter says scale, balance sheet after deal give significant flexibility
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09:28 EDTCHTROn The Fly: Pre-market Movers
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08:45 EDTCHTRLiberty Broadband announces stockholder agreement with Charter
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08:43 EDTCHTRLiberty Broadband announces stockholder agreement with Charter
08:31 EDTCHTRCharter to acquire Bright House Networks for $10.4B
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08:10 EDTCHTRCharter to buy Bright House for $10.4B in stock, CNBC reports
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07:41 EDTCHTRCharter strikes deal to buy Bright House for $10B, Reuters reports
Charter Communications (CHTR) has agreed to buy Bright House Networks, which has about 2.5M cable subscribers, in a deal valued at close to $10B, according to Reuters, citing a source familiar with the matter. The deal is contingent on Comcast's (CMCSA) deal for Time Warner Cable (TWC) being approved by regulators, the report added. Charter shares are up 3.7% to $190.15 in pre-market trading following the report. Reference Link
March 30, 2015
07:57 EDTTWXRedbox signs agreement with Warner Bros through March 2017
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March 29, 2015
19:57 EDTTWXDreamWorks' 'Home' leads at weekend box office with $54M
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March 27, 2015
07:35 EDTTWXTime Warner may add TBS, TNT to HBO Now, Bloomberg says
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March 26, 2015
13:19 EDTTWXHBO forms content partnership with Vice, CNBC reports
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08:51 EDTCHTRCharter to participate in industry consolidation, says Canaccord
Canaccord continues to believe that Charter will be involved with and benefit from industry consolidation. The firm said the company continues to be in a position to take market share and is in an even better position as an industry consolidator should any of the current transactions not receive regulatory approval. Canaccord reiterates a Buy rating and $203 price target on Charter shares.
March 24, 2015
10:35 EDTTWXNetflix seen by Cantor as 'clear winner' as TV unbundles
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March 22, 2015
18:46 EDTTWXLionsgate's 'The Insurgent' takes top spot at box office with $54M
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March 20, 2015
12:45 EDTTWXAnalyst says Apple deserves higher multiple ahead of TV streaming foray
Given Apple's (AAPL) reported foray into streaming TV, the stock's multiple should be higher, Morgan Stanley analyst Katy Huberty wrote in a note to investors today. WHAT'S NEW: Media reports about Apple's new streaming TV service support Morgan Stanley's thesis that the stock should trade at a multiple of 18x-19x, Morgan Stanley analyst Kate Huberty wrote in a note to investors today. Companies with content platforms trade at that level, on average, the analyst noted. Apple's stock is currently trading slightly below 15 times consensus 2015 profit estimates for the company. Noting that Apple has already announced a new online streaming deal with Time Warner's (TWX) HBO, and the New York Post reported that the tech giant is willing to share some viewership data with content owners, Huberty thinks that an Apple TV service seems to be more likely now than in past years. The analyst reiterated her belief, expressed in a previous note, that Apple should be compared to other companies that provide content platforms. Like other platform companies, Apple charges premium prices, its products are used every day by consumers, it has recurring revenue ,and it has the opportunity to expand its total market, the analyst stated. According to Huberty, TV is an $800B market, and the TV streaming market may be ready for prime time, as 20% of pay TV customers plan to cut the cord in the next year, a Morgan Stanley survey showed. The analyst kept a $160 price target and Overweight rating on the shares. WHAT'S NOTABLE: Taking a less favorable view of Apple on March 18 was research firm Jefferies, which predicted that the growth of the company's iPhones would decelerate further next quarter. The firm predicted that strong iPhone sales in China would propel the tech giants profit for the current quarter more than 10% above expectations, but it kept a Hold rating on the shares. PRICE ACTION: In early afternoon trading, Apple was fractionally higher near $128 per share.
09:59 EDTCHTRCharter may have interest in Cablevision 'at some point,' says Detwiler
Detwiler Fenton believes there is truth to last week's reports of Charter (CHTR) being in talks to acquire Bright House Networks. In addition, the firm says its checks indicate Charter may have interest in buying Suddenlink Communications and Cablevision (CVC) "at some point" as a part of a lager acquisition strategy. Detwiler adds Charter's potential deal strategy assumes Comcast's (CMCSA) bid for Time Warner (TWC) wins regulatory approval. Should the deal not get approved, Detwiler believes Charter will turn its attention back to Time Warner.
06:36 EDTTWXWeb TV companies ask internet providers for special treatment, WSJ says
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March 19, 2015
06:55 EDTTWXCertain news agencies form advertising alliance to rival Google, others, BI says
The Guardian, CNN International, The Financial Times , Reuters (TRI) and The Economist are forming an advertising alliance, called Pangaea, in hopes of rivaling Google (GOOG), Facebook (FB), Twitter (TWTR), and LinkedIn (LNKD), reports Business Insider UK. The Financial Times is owned by Pearson (PSO), The Economist Group is 50% owned by Pearson via The Financial Times, and CNN is owned by Time Warner (TWX). Reference Link
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