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Stock Market & Financial Investment News

News Breaks
August 6, 2014
17:05 EDTENPH, SFTBF, GRPN, WAG, FOXA, TMUS, TWX, TAP, SOn The Fly: Closing Wrap
Stocks on Wall Street were nearly unchanged following a session dominated by talk of big name deals that did not happen. The market moved lower in the early going but found a level in the second half hour of trading and began to drift off the bottom. The averages crossed into positive territory about an hour after the opening bell and then spent most of the afternoon drifting. ECONOMIC EVENTS: In the U.S., the trade deficit narrowed to $41.5B in June from a revised $44.7B in May. In Europe, Italian GDP unexpectedly contracted 0.2% in Q2, putting the country into a technical recession, while German manufacturing orders surprised with a 3.2% June drop. COMPANY NEWS: Time Warner (TWX) reported better than expected quarterly profits, but its stock fell $10.95, or 12.85%, to $74.24 after 21st Century Fox (FOXA, FOX) last night announced that it had withdrawn its takeover bid for the parent of HBO, Warner Bros. and other entertainment properties. Class A shares of 21st Century Fox advanced $1.03, or 3.29%, to $32.33 in the wake of the news and the company's announcement of a $6B share repurchase program... Wireless carriers Sprint (S) and T-Mobile (TMUS) both fell after multiple media outlets reported that the third largest mobile phone carrier in the U.S. has ended its pursuit of trying to combine with the fourth largest one. Sprint, which also replaced CEO Dan Hesse with Marcelo Claure, the founder and CEO of SoftBank (SFTBF) subsidiary Brightstar, declined $1.38, or 18.96%, to $5.90, while T-Mobile shares slid $2.85, or 8.4%, to $31.06. MAJOR MOVERS: Among the notable gainers was brewer Molson Coors (TAP), which rose $3.87, or 5.76%, to $71.08 after the company's second quarter profits topped expectations. Also higher following its earnings report was Enphase Energy (ENPH), which advanced $1.36, or 14.02%, to $11.06. Among the noteworthy losers was Walgreen (WAG), which dropped $9.91, or 14.34%, to $59.21 after the company exercised its option to acquire the remaining 55% of Alliance Boots that it does not already own but said its purchase of the rest of the U.K.'s Boots will not be a "tax inversion" deal, as many had been expecting. Also lower were shares of Groupon (GRPN), which fell 90c, or 12.72%, to $6.17 after the company reported first quarter revenue that missed expectations and it lowered its fiscal 2014 adjusted EBITDA outlook. INDEXES: The Dow added 13.87, or 0.08%, to 16,443.34, the Nasdaq rose 2.22, or 0.05%, to 4,355.05, and the S&P 500 barely budged, gaining 0.03 to 1,920.24.
News For TWX;FOXA;S;TMUS;WAG;TAP;ENPH;GRPN;SFTBF From The Last 14 Days
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March 29, 2015
19:57 EDTTWX, FOXADreamWorks' '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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09:31 EDTTMUSOn Track receives favorable patent infringement ruling against T-Mobile
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09:02 EDTS, TMUSSamsung Galaxy S6, S6 edge to be available in U.S. beginning April 10
Samsung Electronics America (SSNLF) announced the Galaxy S 6 and Galaxy S 6 edge will be available in the U.S. beginning April 10, with pre-orders starting March 27. In the U.S., the Galaxy S 6 and Galaxy S 6 edge will be available in Black Sapphire, White Pearl and Gold Platinum -- in 32GB, 64GB and 128GB2 memory options. AT&T (T), Sprint (S), T-Mobile (TMUS), U.S. Cellular (USM) and Verizon Wireless (VZ) will carry both the Galaxy S 6 and Galaxy S 6 edge, while Boost Mobile, Cricket Wireless and MetroPCS will carry the Galaxy S 6. Samsung Experience Shops at Best Buy (BBY), as well as Amazon.com (AMZN), Costco Wholesale (COST), Samís Club (WMT), Target (TGT) and Walmart will also carry the Galaxy S 6 and Galaxy S 6 edge. Carriers and retailers will confirm specific pricing and availability.
March 25, 2015
14:05 EDTTMUSOn Track Innovations jumps following ruling in suit with T-Mobile
A judge in the Southern District of New York granted On Track Innovations (OTIV) motion for summary judgment of infringement in a patent lawsuit between the company and T-Moblie. according to a court filing. Shares of On Track jumped 26% to $1.63 in afternoon trading.
10:00 EDTGRPNOn The Fly: Analyst Upgrade Summary
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09:24 EDTGRPNOn The Fly: Pre-market Movers
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07:15 EDTGRPNGroupon upgraded to Buy from Hold at Wunderlich
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06:54 EDTFOXAPotential YouTube competitor launches, Variety says
Digital subscription video start-up Vessel, which is looking to compete with Google's (GOOG) YouTube, launched yesterday, according to Variety. Vessel was founded by Jason Kilar, the founding CEO of Hulu, the magazine stated. Disney (DIS), 20th Century Fox (FOX, FOXA), and Comcast (CMCSA) own stakes in Hulu. Reference Link
March 24, 2015
10:35 EDTTWXNetflix seen by Cantor as 'clear winner' as TV unbundles
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08:52 EDTSSprint CEO may make 'unfortunate misstep,' says FBR Capital
FBR Capital says its vendor checks indicate new Sprint CEO Marcello Claure has undertaken a strategic review of the company's competitive positioning. The firm believes Truco, the strategic advisory group brought in by Claure, is advocating a "premature network rip and replace program." FBR says this approach of converting Sprint's 1.9GHZ spectrum to uplink would be an "unfortunate misstep and a missed opportunity to embrace the technology shift underway." The firm sees risk of Sprint under-investing and weakening its franchise value further. It has a Market Perform rating on the name.
March 23, 2015
07:13 EDTSRadioShack bankruptcy auction to begin Monday, WSJ says
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March 22, 2015
18:46 EDTTWX, FOXALionsgate'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.
06:36 EDTTWXWeb TV companies ask internet providers for special treatment, WSJ says
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06:32 EDTTMUST-Mobile employment policies struck down by judge, NY Times says
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March 19, 2015
07:33 EDTTMUST-Mobile well-positioned to take share in business market, says Pacific Crest
After T-Mobile said it was bringing its Unicarrier programs to the workplace, Pacific Crest believes that the company's low business market share, positive brand image and consumer momentum position it well to take share from incumbents. The firm keeps an Outperform rating on the shares.
07:04 EDTFOXAAmerican Express confirms plans to launch Plenti loyalty program
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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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