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Bernstein Downgrades CMCSA To Market Perform
Monday, May 10, 2010 - 9:21am | 47Analysts at Bernstein downgrade Comcast (NASDAQ: CMCSA) from "outperform" to "market perform." The target price for CMCSA is set to $20. CMCSA’s shares closed at $18.36 on Friday. More Analyst Ratings here
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Internet Service Providers May See Increased Regulation (CMCSA, T, VZ)
Saturday, May 8, 2010 - 6:35am | 308In a move to strengthen the Federal Communications Commissions’ authority over the expanding broadband industry, the Chairman of FCC, Julius Genachowski, proposed on Thursday that Internet service providers should be put in the same category as telephone companies. According to the Washington Post...
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Cloning 101
Friday, May 7, 2010 - 12:21pm | 4642If I have seen further it is by standing on the shoulders of giants. — Sir Isaac Newton Picking stocks is hard. Most academic research has shown that individuals stink at it. Many investors have painfully (re)learned this lesson in 2008 as stock markets collapsed around the globe. That being said...
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Scripps Networks Interactive (SNI) Loses Early Gains
Thursday, May 6, 2010 - 3:34pm | 125Scripps Networks Interactive, Inc. (NYSE: SNI) released financial results on Thursday morning that beat Wall Street estimates. Scripps Networks Interactive, Inc. reported that its 1st quarter earnings rose 21% to $72.5 million, or 43 cents per share, up from $60.1 million, or 37 cents per share, a...
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Top 5 Cable Stocks To Watch For (CVC, CMCSA, VZ, T, TWC)
Thursday, May 6, 2010 - 3:14pm | 257News of FCC’s plans to strengthen its hold over the broadband world sent the stocks of all cable providers plummeting today. This was despite robust earnings reported by Cablevision (CVC). According to an article on CNBC, the ability of cable companies to use tier pricing and support some specific...
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DirecTV A Bright Spot Today (DTV)
Thursday, May 6, 2010 - 2:21pm | 127Today's trading day is starting to turn ugly, as the Dow Jones Industrial Average has fallen 219 points to 10,648. The S&P 500 has plunged through a number of key technical levels and is now 2.34% lower on the day at 1,138. One of the very few bright spots today is DirecTV (NYSE: DTV), which...
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DirecTV (DTV) Up Nearly 5% After Profits Soar
Thursday, May 6, 2010 - 12:24pm | 99Satellite television provider DirecTV (NASDAQ: DTV) announced on Thursday morning that it easily beat consensus Wall Street estimates. DirecTV reported that its 1st quarter profit nearly tripled to $558 million, or 59 cents per share, up from $201 million, or 20 cents per share, a year earlier....
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Company News for May 6, 2010 - Corporate Summary
Thursday, May 6, 2010 - 9:45am | 193• Intel (NASDAQ:INTC) announced a new version if its Atom chip. Nokia (NYSE:NOK) and Microsoft (NASDAQ:MSFT) launched their first software collaboration • Goldman Sach's (NYSE:GS) credit rating outlook was cut to "negative" from "stable" by Fitch ratings yesterday on legal actions and regulatory...
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CBS Corp. (CBS) Reports A First-Quarter Loss Of $26.2 Million
Wednesday, May 5, 2010 - 5:18pm | 105CBS Corp. (NYSE: CBS) has reported its first-quarter results. The company reported first-quarter loss of $26.2 million, or $0.04 per share, compared with a loss of $55.3 million, or $0.08 per share it reported for the same period last year. Excluding items, the company reported a profit of $0.05...
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CNN And CBS May Collaborate On News Gathering (CBS, TWX)
Wednesday, May 5, 2010 - 12:42pm | 144TV Networks are plagued by the high cost of collecting news. In order to curtail these costs, CNN (NYSE: TWX) and CBS (NYSE: CBS) have entered into a discussion to explore the possibility of collaboration on the news gathering front. According to The New York Times, CBS (CBS) stands to benefit...
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Stock Market News for May 5, 2010 - Market News
Wednesday, May 5, 2010 - 9:30am | 460Spreading concerns about European finances roiled global markets Tuesday, sending every major index from Australia to United States sharply lower even as speculation grew that financially strapped Spain would be the next to need a bailout. Concerns that Beijing was moving too fast to contain the...
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Stocks To Watch For May 5 (TWX, CBS, PRU, AEE, CNP)
Wednesday, May 5, 2010 - 7:31am | 182Some of the stocks that may be in focus today are: Analysts expect Time Warner (NYSE: TWX) to report earnings of $0.48 per share for the first quarter. TWX gained 2.39% to $33.45 in after hours trading. CBS (NYSE: CBS) may report its EPS for the first quarter at $0.05. CBS dipped 3.05% to close at...
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Bears Grab a Hold of Time Warner
Tuesday, May 4, 2010 - 2:36pm | 85Time Warner Cable (NYSE: TWC) is trading lower today along with the rest of the market; the stock is currently down 2.41% to $55.99. Bears are also targeting the puts today with 2,500 of the June $55 puts purchased on the offer a short while ago. Volume exceeded the open interest of 112, indicating...
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Sirius Somber on Howard Stern (SIRI)
Tuesday, May 4, 2010 - 12:00pm | 197NEW YORK (TheStreet) -- Sirius(NASDAQ: SIRI) chief Mel Karmazin said there was nothing new to report on the status of Howard Stern as the company's top talent has seven more months remaining on his five-year contract. Speaking to analysts during the company's first quarter earnings call Tuesday,...
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Sirius Falls Hard
Tuesday, May 4, 2010 - 9:56am | 63Sirius XM Radio (NASDAQ: SIRI) is trading lower by over 8.00% this morning after the company reported that they swung to a Q1 profit on decent subscriber growth with very little cost increases. Revenue missed the Street estimates however, as well as revenue per subscriber, which fell by 6.6% Shares...