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Stock Market & Financial Investment News

News Breaks
April 22, 2014
10:37 EDTTWX, SNE, IPGTime Warner says Joseph Ripp will become chairman of Time Inc
Time Warner (TWX) announced the initial 10 members who will be appointed to the Board of Directors of Time Inc. in connection with the planned spin-off of its publishing division. Following the separation, expected to be completed during Q2, Time Inc. will be an independent, publicly traded company. Current Time Inc. CEO Joseph A. Ripp will become Chairman of Board, and the other nine members will be independent Directors. Other board members include: Former Sony (SNE) CEO Howard Stringer and former Interpublic Group (IPG) co-Chairman and CEO David Bell.
News For TWX;SNE;IPG From The Last 14 Days
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October 15, 2014
09:52 EDTTWXTime Warner CEO sees investing more in content over time
Time Warner notes it invested $13.8B in content in 2013. Time Warner CEO Jeff Bewkes is speaking at the company's investor day meeting.
09:51 EDTTWXTime Warner sees adjusted EPS $6 by 2016, $8 by 2018
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October 13, 2014
07:22 EDTSNESony/ATV could ditch licensing firms due to streaming dollars, NY Post reports
Sony/ATV Music Publishing (SNE) is considering no longer dealing with performance rights groups BMI and ASCP, and instead negotiating directly with online music services like Pandora (P), YouTube (GOOG) and Spotify due to outdated rules and low royalties, the New York Post reports. Reference Link
October 10, 2014
08:51 EDTIPGInterpublic Group weakness creates buying opportunity, says RBC Capital
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07:04 EDTTWX, SNEAmazon in talks to join digital locker for movies. WSJ reports
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06:42 EDTTWXTime Warner CEO to be questioned on growth plans, NY Post reports
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05:18 EDTTWXTime Warner to host investor meeting
Investor meeting to be held on October 15 at 9:30 am. Webcast Link
October 9, 2014
09:01 EDTSNESony moves step further toward sale of PS4 in China, WSJ says
Sony (SNE), which seeks to join Microsoft (MSFT) in selling video game consoles in China, may see a partner company start packaging its consoles in the nation in December, said The Wall Street Journal, citing a filing posted by a Sony local partner on the official website of Shanghai’s free-trade zone. A Sony spokesperson said the facility's ability to package 200,000 consoles a year, which was communicated in the filing, does not represent an actual business plan and declined to comment further on Sony’s plans. Reference Link
08:53 EDTSNEAbout 1,000 workers went on strike for several hours at Foxconn plant, WSJ says
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06:31 EDTSNEFiling says Sony to begin console packaging in China, Bloomberg says
A filing on the website of the China Pilot Free Trade Zone said that Sony (SNE) is aiming to begin packaging over 200K new video game consoles starting in December in China, according to Bloomberg, citing the filing which was verified as authentic by a spokesman for Sony Computer Entertainment. The company is looking to accumulate sales in the country as the end of a 14-year ban on the devices approaches. Microsoft (MSFT) already began selling Xbox Ones in China. Reference Link
06:29 EDTSNEIDC: Worldwide PC shipments down 1.7% in Q3, DigiTimes reports
Worldwide PC shipments are down 1.7% with 78.5M units shipped in Q3, reports DigiTimes, citing the IDC. Shipments in the US grew 4.3% to 17.3M, with growth centered from strong momentum in te portables category. Reference Link
06:26 EDTSNEMIC: Taiwan smartphone shipments surpasses 5.4M in Q3, DigiTimes says
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October 8, 2014
06:13 EDTSNENon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
October 7, 2014
10:02 EDTTWXOn The Fly: Analyst Initiation Summary
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08:04 EDTSNEAVG Technologies, Sony Mobile announce mobile security partnership
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07:49 EDTTWXTime Warner initiated with a Buy at MKM Partners
Target $90.
06:41 EDTSNESony's internet TV service could cost up to $80 per month, NY Post reports
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October 6, 2014
18:15 EDTTWXTime Warner unit announces 10% reduction of global workforce
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10:16 EDTTWXNBA confirms new nine-year deal with Turner Broadcasting, Disney
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06:41 EDTTWX, SNE'Gone Girl' leads weekend box office with $38M in sales, WSJ reports
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