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Stock Market & Financial Investment News

News Breaks
June 5, 2014
06:01 EDTNFLX, VZVerizon strikes back at Netflix for 'PR stunt'
Verizon (VZ) commented on its public policy blog: "Reports from this morning have suggested that Netflix (NFLX) is engaging in a PR stunt in an attempt to shift blame to ISPs for the buffering that some of its customers may be experiencing. According to one journalistís tweet from last night, Netflix is displaying a message on the screen for users who experience buffering which says: 'The Verizon network is crowded right now.' This claim is not only inaccurate, it is deliberately misleading. The source of the problem is almost certainly NOT congestion in Verizonís network. Instead, the problem is most likely congestion on the connection that Netflix has chosen to use to reach Verizonís network. Of course, Netflix is solely responsible for choosing how their traffic is routed into any ISPís network. Some reporters seem to have bought into Netflixís claims without question, and some have conflated this dispute with net neutrality....It is sad that Netflix is willing to deliberately mislead its customers so they can be used as pawns in business negotiations and regulatory proceedings. It would be more accurate for Netflix's message screen to say: 'The path that we have chosen to reach Verizonís network is crowded right now.' However, that would highlight their responsibility for the problem." Reference Link
News For VZ;NFLX From The Last 14 Days
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December 9, 2014
10:32 EDTNFLXNetflix hits a fresh 6-month low, levels to watch
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10:28 EDTVZVerizon drops after warning about promotional impact on profits
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10:27 EDTVZVerizon CFO says would sell towers for 'right price, right terms'
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10:23 EDTVZOn The Fly: Analyst Downgrade Summary
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10:17 EDTVZVerizon CFO Shammo says sees promotional pricing 'settling down' in 2015
Says Q4 has been a "pretty exciting" period, says seeing increase in activations, but seeing some increase in churn as well. Says has seen high volume in Q4 sales. Says continues to see strong momentum for wireless customer growth in Q4. Sees promotional pricing "settling down" in 2015. Shammo says social media, press has built this up as a price war; says rival's half-priced promotion "not as dramatic" as it looks. Says tablets a "tremendous" growth area for industry. Says streaming TV to mobile to begin in mid-2015. Says that over time, company believes can increase margins. Comments made at the UBS Global Media & Communications Conference. Verizon shares are down 3.8% to $47.04 in morning trading.
09:38 EDTVZActive equity options trading
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07:40 EDTVZVerizon competition increased, company should be able to respond, says Canaccord
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07:32 EDTVZUBS to hold a conference
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06:48 EDTNFLXNetflix wants to be 'completely global' within five years, GigaOM reports
Netflix Chief Content Officer Ted Sarandos told investors at the UBS Global Media and Communications Conference that the company wants to be "completely global" and available everywhere in the world before 2020, GigaOM reports. CEO Reed Hastings has previously said that the company could eventually generate up to 80% of its revenue outside the U.S. Reference Link
06:15 EDTVZVerizon downgraded at RW Baird
As previously reported, Baird downgraded Verizon to Neutral from Outperform. The firm downgraded shares citing last night's negative pre-announcement due to increasing competitive concerns, margin pressures, higher churn, and full valuation. Price target lowered to $50 from $54.
06:01 EDTVZVerizon downgraded to Neutral from Outperform at RW Baird
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December 8, 2014
18:24 EDTVZOn The Fly: After Hours Movers
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17:05 EDTVZVerizon sees Q4 impacts of promotional offers will pressure wireless EBITDA, EPS
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11:29 EDTNFLXNetflix falls to session lows, levels to watch
The shares are down over 2% to $342.44. At that price next support is at $340.05. Resistance is at $345.45.
10:00 EDTNFLXOn The Fly: Analyst Initiation Summary
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December 5, 2014
16:56 EDTNFLXNetflix initiated with a Neutral at UBS
Target $370.
11:23 EDTNFLXOption volume leaders
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December 4, 2014
16:00 EDTNFLXOptions Update; December 4, 2014
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08:10 EDTVZDuPont Fabros and Verizon expand relationship with Virginia data center
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05:23 EDTVZVerizon, Cox reavh agreement to restore Fox 25 to FiOS TV
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