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Stock Market & Financial Investment News

News Breaks
August 7, 2014
12:28 EDTVIABViacom ad, affiliate growth outlook still positive, says Wells Fargo
After Viacom reported lower than expected Q3 revenue but in-line operating income, Wells Fargo says that the company likely gained share from other cable networks in upfront ads. The firm is confident that the company can meet its longer term guidance of consistent high single digit to low double digit affiliate revenue growth. It keeps an Outperform rating on the shares.
News For VIAB From The Last 14 Days
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May 20, 2015
13:34 EDTVIABViacom boosts quarterly dividend to 40c from 33c
Viacom announced that its board has approved a 21% increase in its quarterly dividend to 40c per share of Class A and B common stock from 33c per share. The increase will take effect beginning with Viacom’s next quarterly dividend, payable on July 1, to stockholders of record at the close of business on June 15. Viacom President and CEO Philippe Dauman said, “Viacom is deeply committed to returning capital directly to our shareholders while investing in high-quality programming, expanding in the U.S. and abroad, and developing new and innovative consumer and advertising initiatives. Our strong balance sheet and substantial cash flow have allowed us to increase our quarterly dividend each year since it was initiated in 2010. We also look forward to resuming our buyback program by October."
13:31 EDTVIABViacom announces 21% increase in quarterly dividend
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May 15, 2015
16:32 EDTVIABBerkshire Hathaway gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: IBM (IBM), Precision Castparts (PCP), Wells Fargo (WFC), Phillips 66 (PSX), and US Bancorp (USB). DECREASED STAKES: National Oilwell Varco (NOV), Viacom (VIAB), Bank of New York Mellon (BK), MasterCard (MA), and Visa (V). LIQUIDATED STAKES: None.
May 12, 2015
10:03 EDTVIABCastlight Health awarded national contract by Viacom
Castlight Health (CSLT) announced that Viacom (VIA;VIAB) has selected the Castlight Enterprise Healthcare Cloud to provide resources to employees that will help them make the most of their benefits and enable more informed healthcare decisions. The Castlight Enterprise Healthcare Cloud is designed to simplify the healthcare benefits experience for employees, providing a 'one-stop shop' that includes detailed information about care options. In addition, the platform helps companies understand the health needs of their employee population through predictive insights rather than relying on retrospective analysis of past care.

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