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Amazon "Primed" To Destroy Netflix
Thursday, July 28, 2011 - 1:07pm | 629What some thought was just a "hobby," Amazon (NASDAQ: AMZN) continues to make this a full-time job. Just days after signing a deal with CBS (NYSE: CBS) for content, it has now signed a deal with NBCUniversal that will bring Amazon's streaming library to over 9,000 TV shows and movies. This shows...
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Deutsche Bank Comments on Virgin Media
Thursday, July 28, 2011 - 10:15am | 142Deutsche Bank has published a report on Virgin Media (NASDAQ: VMED). In the report, Deutsche Bank wrote, "VMED Q2 results were in line with cons. OCF expectations and ahead on FCF but with weaker Mobile and Business growth and poor cable customer net adds (-36k). The weaker subs can be explained...
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UPDATE: Citi Raises PT on Cablevision Systems to $33
Thursday, July 28, 2011 - 9:55am | 99Citi is out with its report today on Cablevision Systems (NYSE: CVC), raising its PT from $30.79 to $33. In a note to clients, Citi writes, "We value Cablevision using our 2012 free cash flow estimate. Applying 12.0x to our 2012 free cash flow estimate of $2.71 to get ‘core' equity value of $32.58...
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Benchmark Reiterates Buy and PT of $7 on LIN Television
Thursday, July 28, 2011 - 9:37am | 41Benchmark reiterated its Buy rating on LIN Television (NYSE: TVL). At the same time, the rating agency left its price target on the company's stock unchanged at $7. In today's trading, TVL stands around $4.10.
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Time Warner Boosts Revenue, Profit in Second Quarter
Thursday, July 28, 2011 - 9:09am | 404Time Warner Cable (TWC) announced its results for the most recent quarter on July 28, 2011. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next. Earnings and Revenue: Investors cheered Time Warner Cable's latest numbers as the...
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Wunderlich Reiterates Buy and PT of $37 on Virgin Media
Thursday, July 28, 2011 - 8:46am | 43Wunderlich Securities reiterated its Buy rating on Virgin Media (NASDAQ: VMED). At the same time, the rating agency left its price target on the company's stock unchanged at $37. On Wednesday, VMED closed the day at $27.10.
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Earnings Roundup
Thursday, July 28, 2011 - 8:42am | 1660Kellogg Co (NYSE: K) reported a 14% rise in its second-quarter profit. Kellogg reported its quarterly profit at $343 million, or $0.94 per share, up from $302 million, or $0.79 per share, in the year-ago period. Its sales climbed 11% to $3.39 billion. However, analysts were expecting a profit of $0...
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Citigroup Raises PT On Cablevision Systems To $33
Thursday, July 28, 2011 - 8:15am | 26Citigroup has raised the price target on Cablevision Systems (NYSE: CVC) from $30.79 to $33 and maintains its Buy rating.
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A Peek Into The Market Before The Trading Starts
Thursday, July 28, 2011 - 7:22am | 372Pre-open movers US stock futures are slightly higher this morning, amid concerns over sovereign debt. Futures for the Dow Jones Industrial Average gained 14 points to 12,258.00 and S&P 500 index futures rose 2.70 points to 1,301.60. Nasdaq 100 futures climbed 6 points to 2,363.75. A Peek Into...
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UPDATE: Time Warner Cable Reports 23% Surge In Q2 Net Income
Thursday, July 28, 2011 - 6:31am | 68Time Warner Cable Inc (NYSE: TWC) reported a 23% rise in its second-quarter net income. Time Warner's quarterly net income surged to $421 million, or $1.24 per share, from $342 million, or $0.95 per share, in the year-earlier period. Its revenue climbed 4.4% y/y to $4.94 billion from $4.73...
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Earnings Scheduled For July 28
Thursday, July 28, 2011 - 5:02am | 559Astrazeneca PLC (NYSE: AZN) is expected to report its Q2 EPS at $1.80 on revenue of $8.19 billion. Exxon Mobil Corporation (NYSE: XOM) is projected to report its Q2 EPS at $2.33 on revenue of $121.39 billion. Bristol-Myers Squibb Company (NYSE: BMY) is estimated to report its Q2 EPS at $0.55 on...
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Market Winners and Losers Over the Previous Hour of Trading
Wednesday, July 27, 2011 - 3:47pm | 173Winners: Harbin Electric (NASDAQ: HRBN) is trading up roughly 3.30%. Crown Media (NASDAQ: CRWN) is trading up roughly 2.90%. QEP Resources (NYSE: QEP) is trading up roughly 2.70%. Liz Claiborne (NYSE: LIZ) is trading up roughly 1.80%. Netspend Holdings (NASDAQ: NTSP) is trading up roughly 1%....
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Jefferies Reports In-Line Headline Financials On Virgin Media
Wednesday, July 27, 2011 - 9:32am | 87According to Jefferies, Virgin Media (NASDAQ: VMED) headline financials were closely in-line. Jefferies said that KPIs weaker than expected (subs -36k) although higher churn appears mainly confined to lower-spending segments. “New capital return commitment includes up to £625m share buyback by end...
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CBS and Netflix Announce International Licensing Agreement for Canadian and Latin American Subscribers
Wednesday, July 27, 2011 - 9:03am | 75CBS Corporation (NYSE: CBS) and Netflix (Nasdaq: NFLX) today announced a two-year, non-exclusive international licensing agreement that will enable certain television shows from across CBS Corporation to be streamed instantly to Netflix subscribers in Canada and Latin America. The agreement...
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JP Morgan Downgrades SBGI To Neutral
Wednesday, July 27, 2011 - 8:51am | 20JP Morgan has downgraded Sinclair Broadcast (NASDAQ: SBGI) from Overweight to Neutral.