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April 22, 2014
04:55 EDTAOL, AOL, DISH, DISH, VIA, VIA, IBM, IBM, NLSN, NLSN, GE, GE, UL, UL, TWC, TWC, RCI, RCI, CBS, CBS, CVS, CVS, SPLS, SPLS, TWX, TWXNatural E Creative Group to hold a summit
2nd Annual Chief Digital Officer Summit is being held in New York on April 22-23.
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August 14, 2015
12:37 EDTGEOn The Fly: Top stock stories at midday
Stocks began the session with modest losses, despite a stabilization in the Chinese yuan overnight. Relatively in line data on producer prices and industrial production did not hurt the situation, but there was also the lack of a catalyst. As a result, the market has drifted throughout the morning session moving up as much as 0.4% before paring its gains. The market is now struggling to hold onto its meager gains. ECONOMIC EVENTS: In the U.S., both industrial production and PPI beat estimates, with industrial production increasing 0.6% and PPI increasing 0.2%. Consumer sentiment for August fell to 92.9 in the preliminary report from the University of Michigan survey, after slipping to 93.1 in July from 96.1 in June. Meanwhile, Euro-area GDP rose 0.3% last quarter. Germany's economy grew 0.4%, Italy's 0.2%, while France stagnated. The Baker Hughes North American rig count report is out at 1 p.m. ET. COMPANY NEWS: General Electric (GE) announced an agreement to sell GE Capital Bank's U.S. online deposit platform along with all deposits of GE Capital Bank, including online savings accounts, online CDs and brokered CDs, to Goldman Sachs Bank USA (GS). Under this agreement approximately $16B of deposits will be transferred to GS Bank. Separately, Goldman Sachs is selling its Colombia coal mining division to privately held Murray Energy. General Motors (GM) is boosting production of its larger SUVs and trucks, according to Reuters. The automaker could make as many as 60,000 additional vehicles for the 2016 model year to capitalize on rising demand. Meanwhile, GM is recalling 73,424 small cars because improper wiring could prevent the roof-mounted driver's side air bag from deploying after a crash, the Associated Press reported. SunTrust analyst Robert Peck said he believes Twitter (TWTR) could announce a permanent CEO as early as next week. Peck continues to think Twitter is likely to unveil a "Triumvirate of leadership" with Jack Dorsey as CEO, Adam Bain as COO and Evan Williams with more board influence, possibly Chairman. Tesla's (TSLA) secondary offering of 2.7 million common shares was priced at $242 each, according to an SEC filing. That represents an increase from the 2.1 million shares Tesla had previously announced for the offering. MAJOR MOVERS: Among the notable gainers following their earnings reports were department store retailers Nordstrom (JWN) and J.C. Penney (JCP), which gained 5.35% and 5.95%, respectively. Also higher was WuXi PharmaTech (WX), up 5.45%, which reported earnings and entered into an agreement to be acquired by a management buyout group for around $3.3B. Cyberark Software (CYBR) also gained 1.8% after being upgraded to Outperform from Market Perform at Wells Fargo. Among the noteworthy losers was El Pollo Loco (LOCO), which dropped 18% after its Q2 revenue fell short of analysts' estimates. Also lower were shares of King Digital (KING), which declined nearly 12% after reporting quarterly earnings and forecasting gross bookings for the third quarter $460M-$485M, citing "recent trends." The company said fourth quarter gross bookings would be "fairly consistent sequentially." JPMorgan downgraded King Digital this morning to Neutral from Overweight citing an elevated risk profile following the results. INDEXES: Near midday, the Dow was up 42.43, or 0.24%, to 17,450.68, the Nasdaq was fractionally lower by 2.96, or 0.06%, to 5,030.59, and the S&P 500 was up 3.46, or 0.17%, to 2,086.89.
12:33 EDTGEGeneral Electric likely to gain EU approval for Alstom unit buy, Reuters says
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11:24 EDTVIA, TWXFly Watch: 'Straight Outta Compton' expected to lead weekend box office
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10:00 EDTCBSCBS management to meet with Topeka
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09:47 EDTTWXTurner Broadcasting buys majority stake in iStreamPlanet
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08:16 EDTSPLSStaples risk/reward remains compelling, says UBS
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07:37 EDTTWC, TWXJANA reports new stakes in Allergan, TWC, sells Applied Materials
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August 13, 2015
17:12 EDTCBSApple delays live TV service until 2016 as licensing talks drag, Bloomberg says
Apple (AAPL) is now targeting a 2016 launch date for its live TV streaming service, reports Bloomberg, citing people familiar with the plans. Licensing discussions with network owners such as CBS (CBS), 21st Century Fox (FOX, FOXA), and Comcast's (CMCSA, CMCSK) NBC are progressing slowly, said the sources, adding that Apple is also lacking in computer network capacity. The tech giant is pursuing a $40 per month price point for the internet TV package, a goal which is encountering pushback from TV programmers, according to the sources. Reference Link
16:24 EDTGEGeneral Electric to sell online deposit platform to Goldman Sachs Bank USA
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16:23 EDTGEGeneral Electric to sell online deposit platform to Goldman Sachs Bank USA
11:40 EDTCBSCBS COO says 'not all content is created equal'
Says "not all content is created equal: There's going to be winners and losers." Says has lessened dependency on advertising, but says advertising still key part of strategy and is lucrative. Says doesn't need to do M&A, says company "strategically complete." Says looks at "every [potential] acquisition," but won't lose financial discipline. Says focus has been on buybacks. Comments made by COO Joseph Ianniello at the Nomura 2015 Media & Telecom Conference.
11:15 EDTTWXTime Warner's HBO strikes deal for 'Sesame Street,' NY Times reports
Time Warner's HBO unit has formed a deal with Sesame Workshop to bring the next five seasons of "Sesame Street" to the cable network and its streaming outlets beginning this fall, The New York Times reports. Sesame will produce 35 episodes of "Sesame Street" per year, an increase from the 18 it currently produces, and Sesame will also create a spinoff series based on the "Sesame Street" Muppets. Financial terms of the deal have not been disclosed. Reference Link
09:42 EDTTWXTime Warner says could look at international M&A
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09:32 EDTTWXTime Warner says hasn't changed view on M&A, sees 'high hurdle' for large deal
Says not looking at M&A as a priority in terms of growth, but will look at things "as they come along." Says sees "very high hurdle" for large deal.
09:31 EDTIBMIBM achieves FedRAMP mobile authorization
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09:26 EDTTWXTime Warner sees HBO Now generating losses for year
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09:17 EDTTWXTime Warner says pace of change in TV industry 'has accelerated'
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08:56 EDTGECapital One upgraded at Argus
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08:02 EDTSPLSStaples receies approval from Australia to acquire Office Depot
Staples (SPLS) announced that it has received clearance from the Australian Competition and Consumer Commission for the acquisition of Office Depot (ODP). Staples continues to seek clearance from regulatory agencies in the United States, the European Union and Canada. The Commerce Commission of New Zealand and the Ministry of Commerce of the People's Republic of China previously gave their clearance for the transaction in June. "We continue to make progress on this transaction, and we're pleased with this decision by the Australian Competition and Consumer Commission," said Ron Sargent, Chairman and CEO, Staples, Inc. "We continue to work closely with regulatory agencies around the world and expect the transaction to be completed by the end of the year."
06:45 EDTCBS, DISH, TWCFCC proposes review of 'totality of circumstances test' for retransmission talks
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