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Solid Earnings Coupled with M&A Activity Illustrates Opportunity
Tuesday, August 16, 2011 - 6:19am | 312Global markets have fluctuated wildly in recent weeks, as investors jockey to protect themselves amid an onslaught of debt problems, political bickering, and renewed recession concerns. Less spoken about is some of the better economic news that continuously pops up across the world. Earnings at...
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Wunderlich Securities Retains Time Warner Cable Hold, Lowers PT
Monday, August 15, 2011 - 2:09pm | 96Wunderlich Securities retained its Time Warner Cable (NYSE: TWC) Hold rating and lowered its Time Warner Cable price target from $80 to $75 in a research report published today. In the report, Wunderlich Securities states, "We are retaining our Hold rating and lowering our target on Time Warner...
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Market Update
Monday, August 15, 2011 - 8:52am | 179Shares of F5 Networks Inc (NASDAQ: FFIV) gained about 3.1% as the company appointed Jonathan Chadwick, Senior Vice President and Chief Financial Officer of Skype Inc, to its board of directors. Shares of W.W. Grainger Inc (NYSE: GWW) rose about 2% after the company announced its plans to acquire...
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Scripps Networks Interactive Buys Virgin Media Stake In UKTV
Monday, August 15, 2011 - 6:51am | 80Scripps Networks Interactive Inc (NYSE: SNI) announced its plans to buy Virgin Media Inc's (NASDAQ: VMED) 50% stake in UKTV for about GBP239 million. Scripps reported that it will also pay around GBP100 million to buy the outstanding preferred stock and debt owed by UKTV to Virgin Media. SNI...
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Pre-Market Losers
Monday, August 15, 2011 - 6:47am | 99InterDigital (NASDAQ: IDCC) is trading down over 13% after Google announced the purchase of Motorola Mobility (NYSE: MMI). Acme Packet (NASDAQ: APKT) is trading down over 7%. Google (NASDAQ: GOOG) is trading down over 3% after announcing the purchase of Motorola Mobility (NYSE: MMI). DirecTV (...
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News Summary for August 15, 2011
Monday, August 15, 2011 - 6:46am | 634This is your Benzinga news summary and traders' outlook for Monday, August 15, 2011, covering headlines from overnight and Monday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher. At last check, Dow futures are up about 40 points and the U.S....
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Deutsche Bank Comments on Sale at Virgin Media
Monday, August 15, 2011 - 6:42am | 127Deutsche Bank has published a research report on Virgin Media (NASDAQ: VMED), covering the sale of the company's stake in UKTV. In the report, Deutsche Bank wrote, "Virgin Media announced this morning it has reached an agreement with USbased media company Scripps Networks Interactive (SNI) for the...
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Citi Comments on Sale at Virgin Media
Monday, August 15, 2011 - 5:46am | 106Citi has published a research report on Virgin Media (NASDAQ: VMED) covering the company's sale of one of its subsidiary. In the report, Citi wrote, "We do not expect this news to lead to an early change in the buyback programme, which we expect to run annually at around £440m or 10.1% of its...
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M&A Monday: Some Companies Shake Off Last Week's Volatility
Monday, August 15, 2011 - 5:13am | 233Large swings in global markets last week had some investors fleeing for cover, but it appears that other investors are undeterred by the volatility. Two notably large corporations are expected to kick off this week with $1 billion+ deals. A source familiar with the matter told Reuters Sunday that...
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Deutsche Bank Reports On VMED's 50% Sale Of UKTV To Scripps Networks
Monday, August 15, 2011 - 4:43am | 85Deutsche Bank has published a research report on Virgin Media (NASDAQ: VMED), stating the following: "Virgin Media announced this morning it has reached an agreement with US-based media company Scripps Networks Interactive (SNI) for the sale of VMED's 50% stake in broadcaster UKTV." Deutsche Bank...
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Time Warner Cable Close to $3B Deal for Insight Communications -Bloomberg
Sunday, August 14, 2011 - 7:14pm | 59Time Warner Cable (TWC) is in talks to purchase Carlyle Group's Insight Communications for about $3 billion, according to Bloomberg sources. A deal could be announced as early as Monday. New York based Insight is the ninth-largest U.S. cable operator, with 680,000 customers in Kentucky, Indiana,...
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Zynga "Appeals to the Same Psychology as Gambling," Says Analytics Expert Jeff Tseng
Friday, August 12, 2011 - 10:20am | 616It looks like casinos may have finally met their match. When users log into Facebook each day, they don't think that they are entering a gambling arena. When they jump into FarmVille, they don't see it as a virtual slot machine. But ask Jeff Tseng, the co-founder and CEO of user analytics firm...
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A Peek Into The Market Before The Trading Starts
Friday, August 12, 2011 - 6:43am | 348A Peek Into The Market Before The Trading Starts Pre-open movers US stock futures are flat this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average surged 10 points to 11,094.00 and S&P 500 index futures rose 0.90 points to 1,169.40. Nasdaq 100 futures...
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Knology Authorizes 2M Stock Repurchase Program
Friday, August 12, 2011 - 6:00am | 134Knology, Inc. (Nasdaq: KNOL) today announced that on August 11, 2011, the Board of Directors authorized a repurchase program of the Company's common stock. The authorization sets the total amount available for repurchase under the program at 2,000,000 shares. Knology shares will be repurchased...
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Top 4 NYSE Stocks In The Broadcasting-TV Industry With The Highest EPS Estimates
Friday, August 12, 2011 - 2:37am | 133Below are the top broadcasting-TV stocks on the NYSE in terms of earnings estimate for the next year. The earnings estimate for Scripps Networks Interactive Inc (NYSE: SNI) for the next year ending December, 2012 is $3.22 per share. SNI's PEG ratio is 1.00. CBS Corporation (NYSE: CBS) is expected...