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Stock Market & Financial Investment News

News Breaks
January 5, 2013
16:30 EDTTWX, DISTurne Cable has hopes for new additions, WSJ says
Time Warner Inc.'s (TWX) Turner cable-networks division, TBS, is adding "Cougar Town", an ABC (DIS) castoff and a reality show about "nerd" culture to helpTBS's ratings and to help it become more of a comedy venue, says the Wall Street Journal. Reference Link
News For TWX;DIS From The Last 14 Days
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October 2, 2014
10:05 EDTTWXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AK Steel (AKS) upgraded to Buy from Hold at Deutsche Bank... Autodesk (ADSK) upgraded to Neutral from Sell at Citigroup... Bank of America (BAC) upgraded to Buy from Neutral at UBS... Barrick Gold (ABX) upgraded to Hold from Sell at Canaccord... Bemis (BMS) upgraded to Neutral from Underperform at BofA/Merrill... EOG Resources (EOG) upgraded to Buy from Accumulate at KLR Group... Electronics for Imaging (EFII) upgraded to Buy from Neutral at Citigroup... Encana (ECA) upgraded to Buy from Hold at Deutsche Bank... Equity One (EQY) upgraded to Neutral from Sell at Citigroup... Fossil (FOSL) upgraded to Buy from Hold at ISI Group... Gentex (GNTX) upgraded to Outperform from Market Perform at Wells Fargo... Gentherm (THRM) upgraded to Outperform from Market Perform at Barrington... Hi-Crush Partners (HCLP) upgraded to Buy from Neutral at Ladenburg... Home Properties (HME) upgraded to Hold from Sell at Cantor... IntercontinentalExchange (ICE) upgraded to Buy from Hold at Deutsche Bank... JetBlue (JBLU) upgraded to Market Perform from Underperform at Raymond James... Kinder Morgan (KMI) upgraded to Outperform from Market Perform at Wells Fargo... Mattel (MAT) upgraded to Market Perform from Underperform at BMO Capital... NASDAQ (NDAQ) upgraded to Buy from Hold at Deutsche Bank... National Oilwell (NOV) upgraded to Strong Buy from Outperform at Raymond James... Pandora (P) upgraded to Buy from Hold at Topeka... Preferred Bank (PFBC) upgraded to Outperform from Market Perform at Raymond James... PulteGroup (PHM) upgraded to Neutral from Sell at Goldman... Time Warner (TWX) upgraded to Hold from Sell at Topeka... Twitter (TWTR) upgraded to Overweight from Neutral at JPMorgan... UDR, Inc. (UDR) upgraded to Buy from Hold at Cantor... ViewPoint Financial (VPFG) upgraded to Overweight from Equal Weight at Stephens.
05:20 EDTTWXTime Warner upgraded to Hold from Sell at Topeka
Topeka upgraded Time Warner to Hold due to valuation.
October 1, 2014
06:29 EDTDISAmazon, Disney appear to settle two-month dispute, WSJ reports
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September 30, 2014
11:54 EDTDISFCC eliminates sports blackout rules
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06:28 EDTTWXAs DreamWorks talks slow, Softbank mulls Legendary, Hollywood Reporter says
Even though Softbank (SFTBF) has slowed its deal discussions with DreamWorks Animation (DWA), it is looking to make an investment in Thomas Tull's Legendary Pictures studio, according to the Hollywood Reporter, citing sources. The sources said that the Japanese company has been talking with Legendary for several weeks. Legendary has co-financed films with Time Warner's (TWX) Warner Bros Entertainment. Reference Link
06:25 EDTTWX, DISFCC asks media companies for Comcast contract details, WSJ reports
The FCC is pushing for media companies to submit details of their programming agreements with Comcast (CMCSA) ahead of the company's merger with Time Warner Cable (TWC), reports the Wall Street Journal. Citing a person familiar with the matter, the FCC believes the documents contain information that would be relevant in its review. Officials from media companies including CBS (CBS), 21st Century Fox (FOXA), Disney (DIS), Discovery (DISCA), Time Warner (TWX) and Viacom (VIA;VIAB) met with FCC staff earlier this month to voice concerns about releasing highly confidential materials. Reference Link
September 29, 2014
13:33 EDTDISSinclair Broadcast enters into long-term affiliation agreements with ABC
Sinclair Broadcast (SBGI) announced that it has entered into long-term agreements with Disney's (DIS) American Broadcasting Company for the renewal of the ABC affiliations in 13 Sinclair markets that come up for renewal during 2014 and 2015. Three of the new agreements will expire on August 31, 2019 and the other 11 will expire on August 31, 2020. The markets being renewed are listed below and include six of Sinclair's ten biggest ABC markets, including five of the top six ABC markets. The company's remaining ABC affiliation agreements do not expire for several years. The company said, "We are pleased to have reached this agreement with ABC to renew these affiliation agreements for 5-year terms including a number of agreements that were not set to expire until 2015."
September 26, 2014
16:55 EDTDISMarket ends week lower after inversion crackdown, mixed data
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September 25, 2014
17:50 EDTTWXCompanies receive U.S. information requests on Comcast-TWC deal, Bloomberg says
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September 24, 2014
16:22 EDTDISOn The Fly: Closing Wrap
Stocks on Wall Street were higher after a report showed that sales of new homes rose to their highest level in over six years in August. The volume and news flow were relatively light, which may be the case again tomorrow as many market participants celebrate the Jewish holiday of Rosh Hashanah. ECONOMIC EVENTS: In the U.S., new home sales rose 18.0% in August to a 504K unit rate, which was much higher than the expected 4.4% increase. COMPANY NEWS: Bed Bath & Beyond (BBBY) advanced $4.64, or 7.4%, to $67.33 after the home goods retailer last night reported second quarter earnings and revenue that surpassed analysts' consensus estimates. The better than expected report and rise in the stock comes a day after William Blair downgraded the stock yesterday morning... Citizen Financial (CFG), the U.S. retail bank unit of Royal Bank of Scotland (RBS), became the year's second largest IPO behind Alibaba (BABA) after 140M shares began trading on the NYSE this morning. The stock ended it first day up $1.58, or 7.35%, at $23.08, which was far cry from the advance seen by another of the day's new stock debuts. CyberArk (CYBR) priced 5.36M shares at $16.00, opened for trade at $25.00 and ended the day at $29.94, making for a rise of over 87% from its IPO pricing. MAJOR MOVERS: Among the notable gainers was Acorda Therapeutics (ACOR), which advanced $8.27, or 28.18%, to $37.62 after the company agreed to acquire Civitas Therapeutics for $525M in cash. Civitas, which was private, had been scheduled to come public via an IPO that was expected to happen later this week prior to the deal announcement. Also higher was Hasbro (HAS), which rose $2.01, or 3.8%, to $54.95 after striking a deal that gives the company global rights, excluding Japan, to develop dolls based on Disney's (DIS) princess characters, as well as Frozen, beginning in 2016. Mattel (MAT), which currently holds those rights, slid 40c, or 1.25%, to $31.67 in the wake of the news. Also lower were shares of Skechers (SKX), which fell $5.69, or 9.8%, to $52.40 after research firm SportscanInfo reported that the footwear maker's sales had fallen 3% last week. However, Sterne Agee recommended buying the stock on the weakness. INDEXES: The Dow rose 154.19, or 0.9%, to 17,210.06, the Nasdaq gained 46.53, or 1.03%, to 4,555.22, and the S&P 500 added 15.53, or 0.78%, to 1,998.30.
12:29 EDTDISHasbro Princess deal positive, says Wells Fargo
After Hasbro announced that beginning in 2016 it would have the global (ex Japan) Disney (DIS)Princess doll license, Wells Fargo thinks that Hasbro has added a premier, established global license that increases the visibility of its results and significantly strengthens its girls business. The firm thinks the deal will cause Hasbro's multiple to expand further, and it keeps an Outperform rating on the shares.
10:02 EDTDISHasbro announces strategic merchandising relationship with Disney
Hasbro (HAS) announced a new strategic merchandising relationship with Disney (DIS( Consumer Products for the globally popular Disney Princess and Frozen properties. The agreement gives Hasbro global rights, excluding Japan, to develop dolls based on Disney Princess stories and characters including Cinderella, Beauty and The Beast, and The Little Mermaid as well as Frozen beginning in 2016.
06:59 EDTTWXCNN look to debut more original series in primetime this fall, Variety reports
Time Warner's CNN plans to place a greater emphasis on original series in primetime, anticipating 12 original series in 2015, reports Variety. In a Tuesday lunch meeting with journalists, CNN Worldwide President said the original series is “the source of a lot of conversation at CNN. We have had a lot of success in this area... There are a number of people internally who think we should push more into this arena.” Reference Link
September 23, 2014
08:40 EDTTWXTime Warner defends HBO strategy amid Wall Street speculation, LA Times reports
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September 22, 2014
10:31 EDTDISDisney's "The Lion King" becomes highest grossing Broadway show, Deadline says
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06:44 EDTTWX'The Maze Runner' leads weekend box office sales with $32.5M, WSJ reports
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06:41 EDTTWXTime Warner's Warner Bros. struggling, NY Times says
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September 21, 2014
13:37 EDTDISDisney attempts to expand to Indian film market with Khoobsurat release, FT says
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September 19, 2014
06:15 EDTTWXTime Warner price target raised to $89 from $76.69 at Citigroup
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September 18, 2014
06:36 EDTTWXWarner Bros. could cut up to 1,000 jobs, Variety reports
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