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Stock Market & Financial Investment News

News Breaks
April 1, 2013
07:54 EDTVIA, DWA, VIABViacom's G.I. Joe wins weekend with $41.2M opening, Reuters reports
The delayed "G.I. Joe" sequel from Viacom's (VIA, VIAB) Paramount Pictures beat forecasts for a domestic tally of around $38M by bringing in $41.2M in domestic ticket sales in its debut weekend, according to Reuters, citing studio estimates. The film knocked DreamWorks (DWA) "The Croods" to second place with $26.5M in North American box office in its second week, the report added. Reference Link
News For VIA;VIAB;DWA From The Last 14 Days
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April 19, 2015
17:43 EDTDWADreamWorks CEO downplays Chinese takeover speculation, Variety says
In an interview with Variety at the Beijing International Film Festival, DreamWorks (DWA) CEO Jeffrey Katzenberg said he does not believe the company is headed towards a takeover by a Chinese firm. "We are a minority owner in a joint venture here, and I think that is the most successful structure to do business here in China today... We’re very comfortable with that arrangement," said Katzenberg. Variety notes that there was speculation late last year of takeover talks with Alibaba (BABA) or Wanda. Reference Link
April 13, 2015
11:56 EDTVIA, VIABMedia companies look to back away from Nielsen guarantees for ads, Variety says
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April 8, 2015
08:56 EDTVIAViacom multiple compression overdone, says RBC Capital
RBC Capital believes that Viacom is facing a number of headwinds, but the firm thinks that the stock's multiple compression is overdone given what it sees as the company's largely visible affiliate revenue outlook and cost savings from restructuring. The firm believes that Viacom "offers a compelling combination of growth and value." RBC cut its price target on the name to $80 from $88 but keeps an Outperform rating on the shares.
April 6, 2015
16:12 EDTVIA, VIABViacom to temporarily pause share repurchases
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16:10 EDTVIA, VIABViacom sees $350M annual cost savings from strategic realignment
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16:08 EDTVIA, VIABViacom to recognize $785M pre-tax charge as part of strategic realignment
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