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Stock Market & Financial Investment News

News Breaks
July 16, 2014
11:45 EDTVIA, SNI, CBS, AMCX, FOX, VIAB, DISCA, FOXA, TWXMedia stocks rally after Time Warner rejects Fox bid
Media stocks are rallying after Time Warner (TWX) confirmed that it rejected an offer made by 21st Century Fox (FOXA, FOX) to combine the media giants. WHAT'S NEW: Both Time Warner and 21st Century Fox confirmed an earlier CNBC report that Time Warner rejected an $80B takeover offer from 21st Century Fox. Time Warner said it turned down Fox's offer to acquire all of the outstanding shares of the company for a combination of 1.531 of Twenty-First Century Fox Class A non-voting common shares and $32.42 in cash per share. Time Warner added that its board is confident that continuing to execute its strategic plan will "create significantly more value for the company and its stockholders and is superior to any proposal that Twenty-First Century Fox is in a position to offer." 21st Century Fox also confirmed that it made a formal proposal to Time Warner, which was rejected, and added that the companies are not currently in any discussions. PRICE ACTION: In late morning trading, Time Warner advanced 16.5% to $82.70, while Twenty-First Century Fox class A shares are down 5% to $33.45. OTHERS TO WATCH: Other media stocks were trading higher after the news. Discovery Communications (DISCA) rose 6%, Scripps Networks Interactive (SNI) gained 3%, AMC Networks (AMCX) added 3.2%, Viacom class B shares (VIAB) increased 4% and CBS (CBS) advanced 1.5%.
News For TWX;FOXA;FOX;SNI;DISCA;AMCX;VIA;VIAB;CBS From The Last 14 Days
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February 23, 2015
08:55 EDTFOXAFox News' O'Reilly defending statements, NY Times reports
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08:33 EDTFOXA, VIAB, FOX'Fifty Shades' ticket sales retain top spot at box office, Reuters says
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07:38 EDTTWXComcast, AT&T deals could be delayed by document access case, WSJ says
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07:00 EDTFOXA, DISCA, FOX21st Century Fox says 'no truth' in rumors of Discovery talks, Reuters reports
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06:34 EDTFOXA, FOX, DISCA21st Century Fox, Discovery held preliminary merger talks, AFR reports
21st Century Fox (FOXA) executives met with their counterparts at Discovery Communications (DISCA) nearly two weeks ago to discuss a possible takeover offer, The Australian Financial Review reports, citing sources. According to the sources, discussions were "nascent" and talks are in the "very, very early days." A spokesperson for 21st Century Fox has denied talks took place. Reference Link
February 19, 2015
16:26 EDTSNIScripps Networks raises quarterly dividend by 15% to 23c per share
Scripps Networks board also has increased its quarterly dividend rate and declared a dividend of 23c per share up from 20c. This dividend will be payable on March 10, to shareholders of record at the close of business on March 2.
16:25 EDTSNIScripps Networks authorizes additional $1B share repurchase program
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11:02 EDTSNIScripps Networks promotes Steve Gigliotti to Chief Revenue Officer
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10:05 EDTCBSCBS says Hulu bought video on demand rights to CSI
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08:15 EDTTWXWarner Bros. exec says not in talks with Apple on streaming, Re/code reports
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07:25 EDTVIA, VIAB, DISCA, TWXCable nets speed up shows to add more ads, WSJ says
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07:08 EDTDISCADiscovery reports Q4 EPS 43c, consensus 41c
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February 18, 2015
15:35 EDTDISCANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Wal-Mart (WMT), consensus $1.54... Priceline (PCLN), consensus $10.10... DIRECTV (DTV), consensus $1.40... Noble Energy (NBL), consensus 35c... Host Hotels & Resorts (HST), consensus 39c... Hormel Foods (HRL), consensus 64c... Discovery Communications (DISCA), consensus 41c... SCANA (SCG), consensus 73c... Quanta Services (PWR), consensus 51c... Patterson (PDCO), consensus 59c... Denbury Resources (DNR), consensus 23c... T-Mobile (TMUS), consensus 5c... Linn Energy (LINE), consensus 6c... Linn Co (LNCO), consensus 39c... Bloomin' Brands (BLMN), consensus 27c... Huntington Ingalls (HII), consensus $1.98.
10:05 EDTCBSOn The Fly: Analyst Initiation Summary
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08:49 EDTCBSCBS initiated with a Neutral at Rosenblatt
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February 17, 2015
17:29 EDTFOXABerkshire Hathaway gives quarterly update on stakes, exits Exxon Mobil
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13:18 EDTTWXOmega Advisors gives quarterly update on stakes
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12:56 EDTVIA, FOXA, CBS, DISCADecline of TV viewing accelerated, NY Post reports
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07:45 EDTVIAB, VIAViacom sell-off largely overdone, says Jefferies
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07:15 EDTFOXA, VIA, FOX, VIAB'Fifty Shades' opens to $94.4M, WSJ says
Comcast (CMCSA, CMCSK) subsidiary Universal's "Fifty Shades of Grey" earned roughly $94.4M in its opening weekend, reports the Wall Street Journal. The film earned an additional $172M overseas. Fox' (FOX, FOX.A) "Kingsman: The Secret Service" debuted in second place with $42M, and Viacom (VIA, VIA.B) subsidiary Paramount's "SpongeBob SquarePants: Sponge Out of Water" took $40M in its second week. Reference Link
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