New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 29, 2012
12:34 EDTCMCSA, TWX, CMCSKJeff Zucker confirmed as CNN Worldwide president
In January 2013, Zucker will assume executive oversight of a portfolio of 23 branded news and information businesses that includes CNN/U.S., CNN International, and HLN and reaches more than 2 billion people in some 200 countries around the world.
News For TWX;CMCSA;CMCSK From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 1, 2015
14:51 EDTTWXAugmented reality to overtake smartphones in 10 years, Citi says
Virtual reality devices and similar "augmented reality" gadgets could become the new smartphone in just one decade, Citi researcher Kota Ezawa argued Tuesday, building on a growing volume of analyst opinions on the promising new technologies. CONSUMER ELECTRONICS SHIFT: Virtual reality and augmented reality devices will eventually generate "major new markets that replace the smartphone" in a process of "destructive creation," Citi analyst Kota Ezawa and his team contended in a research note. Current virtual reality gadgets involve large headset "goggles" aiming to completely immerse a user in a virtual space, while augmented reality technology seeks to overlay or superimpose images and data over objects in the real world. AR, seemingly the more portable and compact of the two approaches, allows users to move, work, and perform everyday tasks while still making use of the tech. Though VR goggles offer greater immersion, AR devices seem to be the more obvious bridge between smartphones and truly wearable computers, leading Ezawa to forecast the AR market ultimately becoming larger than VR. That said, the mobility of AR also creates greater technical hurdles, as the need to embed processors and batteries within the wireless headset while still displaying high-quality, convincing imagery means the technology has a longer development horizon than VR, which can offload much of its processing requirements to a stationary computer or game console. Early versions of AR are expected to appear in 2016-2017, according to Ezawa, though full-featured systems are unlikely to be available before 2019-2022. Both technologies have numerous applications, said the analyst, with early content being primarily games and movies before expanded offerings involving theme parks, live events, remote medicine, job tasks, and, notably, significant e-commerce and mobile commerce applications. With the VR/AR market "set to ramp up" from 2016, Ezawa sees the space reaching $674B in 2025 as the average price of headsets declines to $227 by the mid-2020s. The analyst's main recommendation in the space is Sony (SNE), whose Playstation VR headset is scheduled for a 1H16 launch. Other key names in headset development include Facebook's (FB) Oculus virtual reality subsidiary and Samsung (SSNLF). Note also Microsoft's (MSFT) Hololens and Google's (GOOG) Project Glass. Meanwhile, LG Display (LPL) and Analog Devices (ADI) are among hardware names with exposure to VR/AR, while Live Nation (LYV), Disney (DIS), Time Warner (TWX), Fox (FOXA), SAP (SAP) and Salesforce (CRM) are among software and service providers that may benefit. PRICE ACTION: Sony shares trading in New York have advanced roughly 1.4% to $26.29 in afternoon trading.
November 30, 2015
13:45 EDTCMCSASunTrust lays out potential CEO replacements if Yahoo moves on from Mayer
Shares of Yahoo (YHOO) have risen this afternoon after SunTrust analyst Robert Peck identified a number of CEO candidates that could potentially step in if current Chief Executive Marissa Mayer were to depart. IF NOT MARISSA, THEN WHO: As questions build regarding the stability of management at Yahoo, a focused and efficient CEO changeover process could be well received by investors, while a drawn out process that lasts months "wouldn't be ideal," SunTrust analyst Robert Peck said in a research note Monday. Though there have certainly been no confirmed reports of Yahoo chief Marissa Mayer departing, the company has seen a marked "brain drain" in recent months. Meanwhile, a November 19 letter from activist fund and Yahoo shareholder Starboard criticized the company's plan to spin off its Alibaba (BABA) holdings, saying it should instead explore a sale of its core Search and Display businesses in order to better recruit talent to those divisions, whose stock performance would no longer be tied to that of a public company outside its control. Today, Robert Peck noted that, after discussions with industry figures regarding the potential for a new Chief Executive at Yahoo, his top 10 CEO candidates include, in no particular order, former Yahoo CEO Ross Levinsohn, Chegg's (CHGG) Dan Rosensweig, Facebook's (FB) Sheryl Sandberg, CBS Interactive's Jim Lanzone, David Rosenblatt, Google's (GOOG) Margo Georgiadis, YouTube's Susan Wojiki, General Electric's (GE) Beth Comstock, NBCUniversal's (CMCSA) Linda Yaccarino, and former Hulu CEO Jason Killar. Peck stressed, however, that he is "unclear" what the company might do, and his candidate list was compiled simply to address ongoing investor questions. Peck also commented that he believes the proposed Alibaba spinoff retains only a "small risk" of incurring a significant tax bill for Yahoo, but he could still envision the company pausing its current plan and pursuing a safer process. The analyst maintained a Buy rating and $40 price target on Yahoo, citing his sum of the parts analysis. PRICE ACTION: Shares of Yahoo are up roughly 0.7% to $33.16 in afternoon trading.
06:24 EDTCMCSK, CMCSA, TWXNetworks aiming to protect TV rights amid streaming battle, WSJ says
Subscribe for More Information
November 29, 2015
17:53 EDTTWX'Hunger Games' stays ahead of competition as Pixar sees slight miss
"The Hunger Games: Mockingjay - Part 2" held on to its box office lead despite competition from Pixar's latest animated film and a strong performance from Rocky Balboa's latest outing, "Creed." WEEKEND LEADER: Lionsgate's (LGF) "The Hunger Games: Mockingjay - Part 2" took in $51.6M domestically for the weekend of November 29 while battling several new releases over the Thanksgiving holiday. The film's roughly 49% slip from its box office open last weekend was not as severe as that seen by previous entries in the series, whose dystopic science-fiction saga has now wound to a close for Lionsgate. BOX OFFICE RUNNERS-UP: Disney (DIS) Pixar's "The Good Dinosaur" opened at $39.2M in the U.S. against expectations for $54M, a rare miss for the studio. In an interview with Bloomberg following the release of this weekend's numbers, Walt Disney Studios' executive Dave Hollis commented, "With every release it is a little bit less about how we start and really more about how we finish. [The film's open has] set us up in a great way." Meanwhile, Warner Bros.' (TWX) "Creed" debuted at $30.1M versus estimates for $26M. "Creed," which marks the seventh Rocky Balboa boxing film, stars Sylvester Stallone as mentor and trainer to the son of Apollo Creed, a previous antagonist in the series. Rounding out the weekend's top five were Sony's (SNE) "Spectre" and Fox's (FOX, FOXA) "The Peanuts Movie," which earned a respective $12.8M and $9.7M. Fox's "Victor Frankenstein" failed to place in the top 10, grossing $2.4M against an approximate budget of $40M.
November 27, 2015
13:22 EDTTWXOn The Fly: Top stock stories for Friday
Stocks on Wall Street were mixed following the short Black Friday session. In addition to periodic checks on traffic at malls and big box retailers, the day's media coverage was dominated by discussion of Disney's disclosure that subscribers for ESPN have dropped about 3% from last year's levels. ECONOMIC EVENTS: In the U.S., no major data was released, as several reports that usually come out on Thursdays or Fridays were accelerated into Wednesday due to the holiday. In China, shares of brokerages sold off sharply, with Citic Securities, Founder Securities and China Merchants all falling about 10% on news that the China Securities Regulatory Commission had launched investigations into the firms in an effort to limit short selling and speculation. Amid the rout in the brokerages, the Shanghai Composite index tumbled 5.5%. COMPANY NEWS: Shares of Disney (DIS) fell $3.56, or 3.0%, to $115.11 after the media giant disclosed in a regulatory filing late Wednesday that domestic subscribers for ESPN were estimated to have declined by 3M. As of October 3, ESPN had 92M subscribers in the U.S., as estimated by Nielsen Media Research. In the company's 10-K filing last year, Disney stated that Nielsen estimated that ESPN had 95M subscribers as of September 27, 2014. Disney's weakness weighed on its big media peers as well, with Twenty-First Century Fox (FOX, FOXA) falling 1.2%, Time Warner (TWX) dropping 0.74% and Viacom (VIA, VIAB) sliding 1.8%... Amazon (AMZN) shares were flattish, falling 0.3% despite Adobe Systems estimating that online shoppers in the U.S. would spend $1.7B in online shopping by the end of the day on Thanksgiving, a 22% jump from last year. Additionally, ChannelAdvisor estimated that Amazon had a "strong showing" on Thanksgiving day, calculating that its same-store sales grew 28.9% compared to last year. MAJOR MOVERS: Among the notable gainers was Exact Sciences (EXAS), which rose 3.8% to $9.23 after the Centers for Medicare and Medicaid Services, or CMS, posted the 2016 Clinical Diagnostic Laboratory Fee Schedule. Exact Sciences announced this morning that it has requested that CMS clarify the 2016 reimbursement rate for the company's Cologuard test. Also higher were shares of KaloBios Pharmaceuticals (KBIO), which jumped 30.8% to $34.83 after its new CEO, Martin Shkreli, announced last night via his Twitter account that after speaking with his counsel and advisers that he has decided to stop lending his KaloBios shares out until he "better [understands] the advantages of doing so." Among the noteworthy losers were a number of oil and gas explorers, as Pioneer Energy Services (PES), Stone Energy (SGY) and Southwestern Energy (SWN) fell 8%, 10.2% and 7.2%, respectively, during another down day for oil prices. INDEXES: The Dow fell 14.90, or 0.08%, to 17,798.49, the Nasdaq gained 11.38, or 0.2%, to 5,127.52, and the S&P 500 added 1.24, or 0.06%, to 2,090.11.
07:45 EDTTWX, CMCSAAmazon plans to let Prime users add other online networks, Bloomberg reports
Subscribe for More Information
November 25, 2015
18:50 EDTCMCSK, CMCSAAmazon to add other networks, channels to Prime Video, Bloomberg says
Amazon (AMZN) will soon partner with "major, well-known" movie and TV channels for its Amazon Prime Instant Video streaming service, allowing customers to add other online subscriptions to their accounts, reports Bloomberg, citing sources. Prime Instant Video will also feature videos and branding from the new partners, most of which expect some form of revenue sharing with Amazon, and the company is working to allow users to directly log in to other streaming services using their Amazon credentials. The company will also sell prepackaged bundles, said the sources, adding that the features could launch as early as next month. The publication notes that the move may help Amazon better compete with Netflix (NFLX) and Hulu, a joint venture of Disney (DIS), Comcast (CMCSA, CMCSK), and Fox (FOX, FOXA). Reference Link
November 24, 2015
15:40 EDTCMCSADoJ probing Comcast's activities in cable ad sales market, WSJ says
Subscribe for More Information
13:16 EDTCMCSA, CMCSKComcast says will cooperate fully with DOJ inquiry, Bloomberg reports
Subscribe for More Information
12:48 EDTCMCSAComcast role in 'spot' cable ad sales market probed by DoJ, Dow Jones says
The U.S. Justice Department is investigating whether Comcast hinders competition in cable ad sales, Dow Jones added.
November 20, 2015
11:45 EDTCMCSA, TWX, CMCSKBox Office Battle: 'Hunger Games' finale expected to top box office
Lions Gate's (LGF) "The Hunger Games: Mockingjay - Part 2," the final movie based on the dystopian young adult novels, is opening this weekend at 4,175 theaters and is expecting a domestic gross in the range of $120M-$127M. Piper Jaffray analyst James Marsh said in a note to investors on November 18 that he expects the film to open domestically in the $130M range, above where it is tracking, due to limited competition and the addition of IMAX (IMAX) screens. Piper maintained its Overweight rating and $45 price target on Lions Gate shares at that time. "The Hunger Games" main competition is "Spectre" and "The Peanuts Movie," both of which are in their third weekend of release. Sony's (SNE) "Spectre," starring Daniel Craig as James Bond, is expected to earn another $15.2M-$16.8M. Fox's (FOX, FOXA) G-rated family film, starring a 3D-animated Charlie Brown, is predicted to earn an additional $12.5M-$13.2M. In other box office news, the Wall Street Journal reported that Disney's (DIS) "Star Wars: The Force Awakens," which hits theaters on December 18, has had record-breaking pre-sales. Fandango said the film has already sold more tickets than any other movie before its release, which is still four weeks away, and IMAX said the movie has "doubled" its prior pre-sales record of about $9M. Other publicly traded companies involved in filmmaking include Comcast (CMCSA, CMCSK), Time Warner (TWX), and Viacom (VIA, VIAB).
10:17 EDTCMCSKHigh option volume stocks
Subscribe for More Information
November 18, 2015
17:44 EDTTWXTCS Capital reports 10.9% stake in Central European Media, urges sale of company
In a regulatory filing reporting its position in the company, TCS Capital stated it delivered a letter on November 18 to Central European Media's (CETV) chairman and board of directors urging the hiring of a financial adviser to explore a sale of the company. In the letter, TCS expressed concern about the "poor performance" of the company's stock price, which it believes is "directly tied to Time Warner's (TWX) dominant position as both the largest debt and equity holder" of Central European.
06:16 EDTCMCSK, CMCSAComcast dumps YES Network, WSJ reports
Subscribe for More Information
November 17, 2015
09:14 EDTTWXDolby, VUDU to release Warner Bros. titles for Dolby Vision
Subscribe for More Information
09:04 EDTCMCSA, CMCSKComcast: Over 1M multifamily residents using Xfinity services delivered by ACN
Subscribe for More Information
08:56 EDTTWXTime Warner announces proposed debt offering
Subscribe for More Information
06:41 EDTCMCSK, CMCSANBC comedy streaming service beta starts December 3, Engadget reports
Comcast's NBC will make its comedy streaming service available as a free public beta beginning December 3, Engadget reports. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use