Posts for Ticker ‘SNI’

Today’s Best Market Rumors (10/29/2009) (SNI)(NWS)(YHOO)

newspaperUpdated throughout the day.

Updated 10.45 AM EST   There is not as much cash on the sidelines as most investors expect.  (Reuters)

Yahoo! (NASDAQ:YHOO) has frozen hiring on the team evaluating integration with the Microsoft (NASDAQ:MSFT) Bing search platform  (BusinessInsider)

GMAC’s request for more bailout money may hurt the chances of its CEO, Al de Molina, getting the top job at Bank of America (NYSE:BAC)

Galleon may have paid millions of dollars to Wall St. firms for market information.  (FT)

Former NBC CEO Bob Wright thinks an IPO of the unit as a means to get it out of GE (NYSE:GE) are very small. (PaidContent)

The dollar will rally in coming months.  (Forbes)

News Corp (NYSE:NWS) and Scripps Networks Interactive (NYSE:SNI) have made $800 million offers for 65% of the Travel Channel.  (The Deal)

Holiday shopping may drop more than expected this year.  (CNBC)

Douglas A. McIntyre

Posted on: October 29, 2009 – 9:15 am in Rumors, , , , , ,

Today’s Best Market Rumors (10/13/2009) (STIC)(LVLT)(LVS)(ENER)(GE)(SNI)

newspaperUpdated throughout the day.

Updated 3.14 PM EST:  STIC (NASDAQ:STIC) dropping on rumors that Sun (NASDAQ:JAVA) database applications may hurt STIC sales  (Barron’s)

Updated 3.11 PM EST:  Level 3 (NASDAQ:LVLT) is surging on heavy volume on buy-out rumors.  (various)

Updated 12:30 PM EST: ITT options trading is active on trader talk of takeover rumors. Shares are up 3% at $53.02.

Updated  10.40 AM EST  “Capmark Financial Group Inc., the commercial real estate company created through a 2006 leveraged buyout of certain GMAC assets, is preparing to file for bankruptcy possibly by the end of next week.”  (Reuters)

Update  8.15 AM EST  Scripps Interactive (NYSE:SNI) may be a buy-out target (PaidContent)

The four biggest US banks by assets may have to take on $55 billion of mortgage-collection contracts after marking them up by $11 billion in the second quarter, casting a shadow over earnings.  (NYPost) Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM), Wells Fargo  (NYSE:WFC), and Citigroup (NYSE:C).

CIT (NYSE:CIT) may be closer to a bankruptcy  (Reuters)

Energy Conversion Devices (NASDAQ:ENER) may be a buy-out target with Applied Materials (NASDAQ:AMAT) as the possible bidder.

Users of Apples (NASDAQ:AAPL) Snow Leopard software have been losing personal data.  (CNET)

GE (NYSE:GE) may eventually get rid of its entire stake in NBC Universal and Comcast (NASDAQ:CMCSA) may have to spend billions of dollars to effect that.  (AP)

Macau may curb growth of the gambling industry which would hurt prospects for Las Vegas Sands (NYSE:LVS) and Wynn (NASDAQ:WYNN)  (Reuters)

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Douglas A. McIntyre

Posted on: October 13, 2009 – 8:06 am in Rumors, , , , , , , , , , , , , ,

Comcast Should Buy Viacom, Time Warner, Or Scripps

TVOne of the leading media investing firms in the US, Gabelli & Co. wants cable outfit Comcast (NASDAQ:CMCSA) to stop its pursuit of GE’s (NYSE:GE) NBCU and turn its focus on better run media companies with stronger assets. That would include, in Gabelli’s opinion Viacom (NYSE:VIA), Time Warner (NYSE:TWX),  Scripps Interactive (NYSE:SNI)

Gabelli & Co. analyst Chris Marangi said. “Viacom has everything Comcast wants and none of what it doesn’t want.” Read More »

Posted on: October 9, 2009 – 5:47 am in Cable Companies, Old Media, , , , , ,

Stocks Which Doubled Market Performance (ATI, CMCSA, COH, FMCN, HPC, IPG, MICC, NEM, SNI, TIE, VMED)

Money_stack_picAs you will see today’s gains of 10% and more on both the DJIA and the S&P 500 Index, we wanted to explore which stocks greatly outperformed the markets today.  We’d note that it is rather odd to see that technology stocks measured by the NASDAQ were actually lagging the overall market today.

DJIA              9,065.12 (+889.35; +10.88%)
S&P500        940.51 (+91.59; +10.79%)
NASDAQ       1,649.47 (+143.57; +9.53%)

Below is a list of the stocks which outperformed by roughly double over the major index gains of the DJIA, S&P 500, and NASDAQ 100.  These stocks posted gains of 20% or more on the day, and we’d note that this list would actually be much larger if we included the financial stocks and REIT Stocks which we backed out for obvious reasons:

Read More »

Posted on: October 28, 2008 – 4:22 pm in HI/LOW, Index, , , , , , , , , , ,