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Why Vivendi SA (Public, EPA:VIV) Has To Be Edged Out
Monday, October 19, 2009 - 6:43am | 120If Vivendi SA (Public, EPA: VIV) decides to sell its stake in the NBC Universal, General Electric Co. (GE) will have to pay it $500 million. Vivendi controls a minority stake in the television and movie company NBC Universal. GE currently holds 80% of NBC Universal and Vivendi has a 20% stake in...
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Live Nation’s High Profile Merger Under Scrutiny From the U.S. Justice Department
Friday, October 16, 2009 - 3:57pm | 105Live Nation (NYSE: LYV) and Ticketmaster Entertainment (NASDAQ: TKTM) may need to rethink their proposed merger, with the deal coming under scrutiny from the U.S. Justice Department. The high-profile deal is the first antitrust deal up for review under Obama’s administration. Antitrust chief...
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CBS Corporation (CBS) Announces 26M Public Share Offering at $12 Per Share
Thursday, October 15, 2009 - 6:27am | 75CBS Corporation (NYSE: CBS) announced the public offering of 26,040,909 shares of the Company's Class B Common Stock at a public offering price of $12.00 per share. The offering is expected to close on or about October 20, 2009. CBS Corporation is a mass media company with constituent parts that...
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Today’s Top Gainers (OPTT, TLR, ACLS, SVA, SBGI)
Tuesday, October 13, 2009 - 6:24pm | 225Ocean Power Technologies, Inc. (NASDAQ: OPTT) was today’s top percentage mover and zoomed 45% to closed the day at $7.72 with a day volume of 2.77 million shares. Today Lockheed Martin Corporation and Ocean Power Technologies, Inc. (OPT)announced that they have signed a commercial engineering...
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Comcast Corporation (CMCSA) Plummets On Rumors
Thursday, October 1, 2009 - 12:17pm | 85Shares of Comcast Corporation (NASDAQ: CMCSA) fell sharply 7.05% to $15.69 as today Reuters reported that, according to sources close to the negotiations, Comcast Corp. and GE are in talks that could lead to the sale of part or all of NBC Universal to Comcast. On the other hand shares of General...
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New 52-Week High Stocks (APT,DEPO,DISCA,NETC,SLXP)
Thursday, October 1, 2009 - 11:44am | 242Alpha Pro Tech, Ltd. (AMEX: APT) touched a new 52-week high at $6.25 in today’s morning trade. Currently the stock is trading at $6.07, up 8.50% on 1.67 million shares. In the last three months the stock has surged over 180%. DepoMed, Inc. (NASDAQ: DEPO) soared 2.29% to $4.47 on total volume of...
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CBS Corporation (CBS) to Sell its Four Radio Stations in Portland to Alpha Broadcasting
Thursday, October 1, 2009 - 5:35am | 79CBS Corporation (NYSE: CBS) has completed sale procedure of its four radio stations in Portland, Ore., KINK-FM, KUPL-FM, KUFO-FM and KCMD-AM, to Alpha Broadcasting for $40M in cash. CBS Corporation is a mass media company, through its many and varied operations, combines broad reach...
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New 52-Week High Stocks (VMED,JBL,ITUB,MVIS,CBAK)
Wednesday, September 30, 2009 - 12:48pm | 395Virgin Media Inc. (NASDAQ: VMED) touched a new 52-week high at $13.88 in today’s morning trade. Currently the stock is trading at $13.83, up 3.90% on 3.88 million shares. In the last one month the stock has surged over 21%. Jabil Circuit, Inc. (NYSE: JBL) soared 7.82% to $13.24 on total volume of...
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DISH Network Corporation (DISH) Announces Senior Notes Offer for $400M
Friday, September 25, 2009 - 8:26am | 94DISH Network Corporation (Nasdaq: DISH) announced that, its subsidiary, DISH DBS Corporation, has priced an offering of $400M aggregate principal amount of debt securities at an issue price of 101.750% .The debt securities will be issued as additional 7.875% Senior Notes due 2019 under...
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New 52-Week High Stocks (CHIP,PER,TLAB,NTAP,GTN)
Monday, September 21, 2009 - 11:17am | 247VeriChip Corporation (NASDAQ: CHIP) crossed its earlier 52-week high of $1.28 and touched a new 52-week high at $3.43 in today’s morning trade. Currently the stock is trading at $3.17, up 176% on 6 million shares after VeriChip and its development partner RECEPTORS LLC, announced today that...
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New 52-Week High Stocks (HEAT,GTN,IOC,MDRX,SXCI)
Friday, September 18, 2009 - 11:01am | 243SmartHeat Inc (NASDAQ: HEAT) crossed its earlier 52-week high of $10.72 and touched a new 52-week high at $12.79 in today’s morning trade. Currently the stock is trading at $11.75, up 17% on 3.60 million shares after it announced the pricing of a public offering of 7,246,087 shares of its common...
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Stocks to Watch (ARNA,SIRI,PALM,NMM,IHS)
Friday, September 18, 2009 - 8:39am | 292Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) slide 17.315 to $4.06 in pre market trading despite it reported positive, highly significant top line results from the BLOSSOM (Behavioral modification and LOrcaserin Second Study for Obesity Management) trial. BLOSSOM confirms the results previously...
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DIRECTV Holdings LLC (DTV) to Issue of $2B Debt Notes
Tuesday, September 15, 2009 - 5:53am | 81The DIRECTV Group, Inc. (NASDAQ: DTV) provider of digital television entertainment services, announced the pricing of an issuance of $1B of 4 3/4% Senior Notes due 2014 and $1B of 5 7/8% Senior Notes due 2019. The closing of the offering is expected to occur on September 22, 2009. The Company...
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Citigroup Inc.(C) to sell telemarketing company
Monday, September 14, 2009 - 9:40am | 172News trigger of the Day – Citigroup Inc. (NY:C) Close – $4.61 Strategy – Long MACD – -0.21 RSI – 61.82 Citigroup Inc. (NY:C) is in news as CVC Capital and Blackstone (BX) are teaming up in the second round of bidding for Bellsystem24, Citigroup's (C) telemarketing company in Japan. Citigroup Inc (...
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Barron’s Thinks That Cablevision (CVC) Is On The Right Track
Sunday, September 13, 2009 - 9:09pm | 141Cablevision’s (NYSE: CVC) decision to spin off Madison Square Garden and related assets is the first step to unlocking stock's value, thinks Barron’s Jay Palmer. For Barron’s this deal is important because it frees Cablevision (CVC) from $1 billion cost of renovation of the arena and clarifies its...