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Cramer was bearish on Newmont Mining (NEM - Get Report) , U.S. Silica Holdings (SLCA - Get Report) , CenturyLink (CTL - Get Report) and Vodafone Group (VOD . |
At the time of publication, Cramer's Action Alerts PLUS had a position in AMZN, AAPL, JPM, UNH, MSFT, GOOGL. |
A bidding war's afoot, and Disney's best move right now is to back away and let someone else overpay for entertainment assets that it will cash in on anyway. |
The bidding war for juicy Twenty-First Century Fox (NASDAQ:FOXA) (NASDAQ:FOX) assets is heating up. Comcast (NASDAQ:CMCSA) stepped up on Wednesday afternoon, offering a buyout superior to Disney's (NYSE:DIS) original $52 billion stock deal. |
Coming to the table with a $65 billion all-cash offer is going to make it hard for Twenty-First Century Fox to stick to its wedding plans with Mickey Mouse. Disney will likely have to sweeten its proposal, and the only one that would win in that kind of bidding war is Twenty-First Century Fox. Let's go over some of the... |
There is no point in denying that the bulk of Twenty-First Century Fox's businesses would look good on Disney. There are key Marvel, Lucasfilm, and even Avatar film rights involved that would help Disney's theatrical and theme park strategies, and countless more savory puzzle pieces that Disney could cash in on in the ... |
A $1.525 billion break-up fee would be due to Disney if Twenty-First Century Fox gets cold feet. Comcast has agreed to pay the fee on Fox's behalf. Disney and Comcast are media behemoths, but even at that level, $1.525 billion isn't chump change. It wouldn't be a bad return for six months of work. |
The public gets why Disney would want all of these key media assets, and the market's initial reaction was to bid up the stock of the family entertainment giant in mid-December, when the blockbuster deal was announced. It's a different story now. |
Disney stock is actually trading just below where it was when the deal was initially announced. The S&P 500 is up a modest 5% in that time -- so it's not as if Disney's been an investing disaster -- but it has seriously lagged the market since it found itself on bended knee exactly six months ago. |
Disney and Comcast are fierce competitors, and there may very well be some bad blood between the two titans since Comcast tried and was rebuffed in its unsolicited offer to buy Disney in 2004. There is still an opportunity for win-win peace, here. |
Comcast is offering to pay a lot of money for Fox's assets, and it can make some of that back by selling some of the pieces that are more valuable in Disney's hands than its own. Side deals can also appease regulators in the process for approval, something that would cost Comcast $2.5 billion if antitrust agencies nix ... |
Disney backing down could also be interpreted as a show of good faith on its part. It can raise its bidding card again, ultimately driving Comcast's price higher -- if not its own -- but stepping off to the side lets Comcast win at its price. If Comcast thinks it shouldn't reward that behavior by striking a deal to sel... |
BT is slashing the cost of its business broadband products by more than 50 percent -- one of several developments announced by the telco on Thursday. |
From 1 May the cost of IPStream Office 500, BT Wholesale's entry-level broadband package that gives business users a 500Kbps connection, will fall from £40 per month to £18 per month. IPStream Office 1000 will drop from £60 per month to £28 per month, and the top-end IPStream Office 2000 service will cost £38 per month... |
Ben Verwaayen, BT's chief executive, told journalists that the price cuts reflect the fact that high-speed Internet services are now a vital tool for small and medium-sized businesses. |
"These are dramatic price cuts for business users," Verwaayen said. |
As predicted by ZDNet UK, BT is also reducing the cost to ISPs of its consumer broadband service by £1.75 per month to £13. Some ISPs are concerned that this cut is of little real significance as the saving is being cancelled out by the return to a £50 activation fee and a small increase in another connection charge, b... |
"This is a real price cut on a wholesale level," insisted Verwaayen, adding that it gave ISPs the choice of passing the saving onto consumers, differentiating their product line from their rivals, or improving their margins. |
BT also announced on Thursday that various technological breakthroughs would allow it to set trigger levels for local exchanges previously seen as unviable for ADSL. A total of 600 additional trigger levels will be announced by early summer. |
If all 600 exchanges hit these trigger levels and are upgraded, ADSL will be available to 90 percent of the population. |
Verwaayen also announced that 80 percent coverage will be achieved by 2004 -- a year earlier than previously thought. |
Electoral Commission (EC) Chairperson, Charlotte Osei and her two deputies, Amadu Sulley (in charge of Operations) and Georgina Amankwa (in charge of Corporate Services) are expected to be probed by a Committee over corruption allegations leveled against them. |
The EC Chairperson on Monday, December 11, appeared before the Chief Justice at the Supreme Court after President Nana Akufo-Addo forwarded a petition for her impeachment in relation to alleged corruption and abuse of power. |
She is reportedly to answer for six allegations out of the 27 accusations while her deputies will answer for their alleged roles in the disappearance of some GHS480,000 from the EC’s Endowment Fund among other allegations. |
Addressing the issue, seasoned journalist Kwesi Pratt called for a fair hearing by the Chief Justice and the Committee to all parties involved in the case. |
According to him, it appears since the issue broke out; the news has always been about Mrs. Charlotte Osei without any regard for her deputies who are also jointly accused of corruption. |
To Mr. Pratt, there shouldn't be any attempts to play down on the deputies and so on Peace FM's Kokrokoo vehemently called for each party to be treated equally without favour or fear. |
“Amadu Sulley also has rights. He also deserves fairness. Madam Georgina also has rights. She also deserves fairness. Those who penned the petition also have right and they also deserve fairness. So, we should be calling for fairness for everybody in the process. In fact, the Chief Justice herself has rights and we hav... |
Meanwhile, the EC Chairperson has written to President Akufo-Addo to serve her with a copy of the petition requesting her impeachment. |
Her reason for the request is that though she has complied with directives by the Committee, she is however yet to receive a copy of the specific allegations made against her by the petitioners. |
But the Presidency has referred her to the Chief Justice saying the President's responsibility was to receive the petition and forward it to the Chief Justice. |
Speaking in an interview with host Kwami Sefa Kayi on Kokrokoo, the Director of Communications at the Presidency Eugene Arhin confirmed that the EC Boss on Monday evening sought for a copy of the petition from the Presidency. |
“If a petition like that is brought to the attention of President for the removal of maybe a person like the Chairperson of the Electoral Commission, all the President has to do is to forward the petition to the Chief Justice. It is not incumbent on the President to serve the respondents or whoever the petition concern... |
“So, if she wants copy of the petition, all she has to do to go speak to the Committee or go speak to the Chief Justice and take a copy and not demand a copy of the petition from the President…That’s what I said. That’s what has been communicated to her by letter”, he said. |
Eugene Arhin further dismissed claims that the Presidency doesn't have copy of the petition stating emphatically “if someone says we don’t have copy, I mean what kind of system are running then at the Flagstaff House…Every single thing that comes here, we have a copy”. |
The men who allegedly held the teen against her will have been identified as a 17-year-old boy and 24-year-old Alvin Morales, authorities said, and they were booked into the L.A. County Sheriff's Department's Palmdale Station about 6:15 a.m. on Friday. |
The chase began around 11:30 p.m. in Santa Clarita before moving about 70 miles south and ending in Orange County shortly before 1 a.m. No injuries were reported. |
The 16-year-old victim's boyfriend was trying to pick her up from Mellville Courson Park in Palmdale when two men inside a car with her refused to let her go, authorities said. |
The suspects had "made statements indicating she would not be exiting their vehicle," according to a Sheriff's Department news release issued Friday. They allegedly locked the car's doors and drove off — with the victim's boyfriend following them before he eventually lost sight of the vehicle. |
He managed to flag down a patrol vehicle in the area and the incident was reported to authorities at 11 p.m., officials said. As he spoke with deputies, the victim was allegedly texting him saying she was scared and pleading for help. |
A Sheriff's Department helicopter tracked down the suspect vehicle, a red Toyota sedan, along the 14 Freeway in Santa Clarita at 11:30 p.m., authorities said. But the suspects refused to pull over and began to lead officers on a chase. |
The pursuit wound through the San Fernando Valley, South Bay and then moved east through Long Beach and into Orange County — with the driver sometimes speeding through red lights, as seen in Sky5 video that captured the chase. |
In Irvine, the suspect vehicle ran out of gas near the Culver Street exit along the southbound 405 Freeway and slowed to a stop. The driver got out and surrendered and then the female passenger exited, followed by another passenger who was seen being placed into a wheelchair taken from the trunk of the car. |
Authorities have said one of the two male suspects is paraplegic. |
Other details about the events leading up to the chase have not been released as the incident remains under investigation. |
MISSOULA – Runners will hit the pavement a little sooner next summer after Missoula marathon organizers opted to hold the event a couple of weeks earlier. |
The Run Wild Board of Directors and the Missoula Marathon Race Committee decided to move the 2019 event to Sunday June 30. That’s a little earlier than the traditional race day in Mid-July. |
But over the past years, wildfires in the region pumped so much smoke into the Missoula Valley that it put the runners’ health at risk and made for a miserable run. So after consulting everyone from Destination Missoula to Missoula Parks and Recreation to make sure there wasn’t a conflict, the board decided to schedule... |
"The issue of wildfire smoke and fire season, it just seems to start earlier and earlier every year and last year the Lolo Peak fire started right around, I think, the week after the marathon so we realized we kind of dodged a bullet there," said Race Director Tony Banovich. "So we thought, well, it would be a shame to... |
The Missoula Marathon typically has over 6,500 registered participants, with over 2,500 of those coming from outside of Montana. The event was named the Best Marathon in 2010 by the readers of Runner’s World, the #1 Ranked Marathon in the U.S. by The BibRave 100 in 2017 and was listed by Runner’s World as the #1 Bucket... |
Banovich says they plan to try the new schedule for a couple of years and see how it goes. |
The dates for this year’s Missoula Marathon are still on for July 13 through the 15th with the half and full marathons on Sunday July 15. |
WASHINGTON (AP) — Former Republican vice presidential candidate Sarah Palin says she'll announce her intentions for the White House in late August or early September. |
Palin told Fox News' Sean Hannity Wednesday night that she thinks she could win a campaign against President Barack Obama, a sentiment first reported in a Newsweek cover story. |
Palin says she would campaign for a candidate with "good executive experience" and a "servant's heart" who wasn't so "obsessively partisan that they can't just do what's right." At the moment, though, she says she doesn't see that candidate in the Republican field. |
Palin says she's thinking about offering herself up "in the name of service," confident that she has "common sense, fiscally conservative, pro-private sector policy experience and ideas that can be put to good work for this country." |
1. Governments’ (monstrous and criminal) behavior should not be secret. People should know what their government is doing, and what a powerful foreign government is doing to their own countries. The actual results of the work of WikiLeaks have been hugely beneficial. |
2. If U.S. courts were to get busy prosecuting the crimes exposed by WikiLeaks, rather than trying to turn the act of revealing them into some sort of crime, they would simply not have time for the latter. |
3. Prosecutions should not be arbitrary political choices. A Justice Department wrongly under the thumb of Obama decided against prosecuting Assange. A Justice Department wrongly under the thumb of Trump decided to prosecute, based on exactly the same information but different politics. When Trump was celebrating WikiL... |
4. The choice to prosecute these particular acts is driven by the military industrial complex, but also by Russiagate. The U.S. media and top politicians have long sought to depict Julian Assange as something other than a journalist on the fictional grounds that he is in the employ of or collaborating with an enemy gov... |
5. Nobody on either side of the debate right now has knowledge of or is focused on the details of the allegation that Assange did something unjournalistic by attempting unsuccessfully to hack into a computer in order to protect a source. This trial by media is no more about that than the Monica Lewinsky scandal was abo... |
6. The details of that unjournalistic allegation are likely very weak, because the indictment throws in various other allegations that are purely journalistic: encouraging a source, protecting a source. To an ignorant, all-white, militarized-community jury impressed by important national figures saying the word “conspi... |
7. If the United States charges Assange with violating horribly anti-democratic U.S. secrecy laws, and denounces him on TV as a “traitor,” despite Assange not being a U.S. citizen, other countries may begin to find the nerve to charge U.S. journalists with violating their secrecy laws. The next Washington Post reporter... |
8. If Assange is brought to the United States and not convicted, or is convicted and serves out a sentence, one can expect the U.S. government, legally or otherwise, to further prosecute or simply imprison him indefinitely. In the propaganda that surrounds this drama it is not a legal proceeding, but a war. If Trump ge... |
9. If Assange is prosecuted, many U.S. journalists will deliver a self-inflicted blow to their institution dwarfing what the U.S. government delivers. They will declare it fit and proper for a single head of a secretive government to sadistically punish disapproved of journalists. They will pledge their loyalty not to ... |
You can get around it for 12 cents a day! That’s right, our special Friends & Family promotion gives you complete and total access to all of our coverage, Giants and otherwise. News, Sports, Entertainment, Business — all of it for 12 cents a day for 12 months. That’s $43.80 for a year. |
Use this link, but do it today. Time is running out! |
OAKLAND–Catcher Buster Posey was not the only Giants player to receive an injection over the All-Star break. |
A day after Posey received a cortisone shot to heal an ailing hip, the Giants treated injured starter Jeff Samardzija’s shoulder with a platelet-rich plasma (PRP) injection Monday. |
PRP injections are designed to promote the healing process for injuries while decreasing the pain a patient is dealing with. |
Manager Bruce Bochy said they’ll evaluate how Samardzija is feeling over the weekend before determining whether the right-hander will throw a bullpen Sunday. Though the Giants are not listing a probable starter for Wednesday’s game in Seattle, Bochy isn’t ready to rule out the possibility that Samardzija could return f... |
After a four inning start against the A’s last weekend, Samardzija landed on the disabled list for the third time this season and said he’ll take a cautious approach as he attempts to return to the rotation. |
Samardzija said the success of young pitchers like Andrew Suárez and Dereck Rodríguez will allow him to be careful during his recovery process, as he doesn’t feel compelled to rush back like he did after opening the season on the disabled list. |
“This team has put me in the situation to have the ability to come back and wait until I’m 100 percent with how great the young kids have been pitching,” Samardzija said. |
If the Giants would prefer Samardzija to receive additional rest before he rejoins the club, Bochy has a few different options to consider before he names a starter for Wednesday’s game. |
Veteran Derek Holland is available out of the bullpen this weekend, but if the Giants are able to avoid using him, Holland could make his second spot start of the month. If Holland is called into action, right-hander Chris Stratton is starting Friday’s game for Triple-A Sacramento and could pitch on regular rest Wednes... |
Stratton made 18 starts for the Giants during the first half and posted a 4.93 ERA while leading the team with eight wins. |
Because of the Monday off day, the Giants don’t necessarily need a fifth starter in Seattle. However, Bochy has indicated he wants to take advantage of the calendar and build in additional days of rest for several pitchers, including Rodríguez who is starting Friday in Oakland. |
The land grab moves south to Tasmania. In an effort to protect the real estate prices, it is decided to remove the Tasmanian Aboriginal people from the island. The Government enlists an Englishmen for the job, who is helped by a young Aboriginal woman Truganini. |
Jaguar will provide a home for start-ups and mentoring in the hopes of developing future breakthroughs. |
For decades, automakers rarely reached outside of their own in-house engineering and technical resources to foster innovation. And when they did, it was usually only to established suppliers or maybe in collaboration with renown research centers or universities. But the rapid pace of technology and its effect on automo... |
Ford and General Motors have opened their vehicle APIs to outside developers in an effort to create car-centric apps, while automotive suppliers such as AT&T to Bosch have hosted hackathons to encourage cross-pollination between cutting-edge software and automotive technology. Now Jaguar Land Rover is not only asking t... |
Jaguar Land Rover said in a statement that the goal of the project is "to encourage, promote and support new software-based automotive technologies that are being developed by U.S. technology start-ups." According to Matt Jones, head of Future Infotainment for Jaguar Land Rover, the incubator will provide a base at the... |
Like other automakers, Jaguar Land Rover's tech strategy is being influenced by car buyers' expectations that in-car electronics should keep pace with portable devices such as smartphones and tablets, and also offer similar features such as apps. |
"We're taking a really customer-centric view of what we should be delivering in cars to make sure we have the right features," Jones told PCMag. |
But unlike other automakers' efforts, Jones said Jaguar Land Rover believes "it's not only about developing in-dash apps. What we're finding is there so many people out there that will help you with just another app—and what you end up with is just another app." |
Jaguar Land Rover is hoping that helping start-ups and having them in close proximity in its Innovation Incubator will give it a leg up on the competition and could lead to breakthroughs in car technology. One example is a pilot with a start-up that leverages the appeal of user-generated social media on platforms such ... |
"This is completely in tune with the social media generation," said Vonsor's Justyn Baker. "People of all ages love to capture their experiences on their smartphones and share them. The Vonsor system allows you to save both your on and off-road driving adventures … collate all of that footage, edit it together, and pos... |
Jones said that the incubator isn't "a one-way street. We end up in the symbiotic relationship where we bounced ideas off of each other. We want to work with them and say, 'Your technology is cool. I can see how it works on a tablet. But I can see how it also works in a vehicle.' They have some great ideas and are enth... |
The Jaguar Land Rover Innovation Incubator will officially kick off in May, and the automaker plans to eventually select around 120 start-ups that it will work with over the next 10 years. Jaguar is even building a second facility in Portland and hiring 50 engineers to help with the project. |
"We will have at any one time up to six companies under incubation," said Jones. "They'll have all their own dedicated facilities for a period of time so that they can really have a home for their business." |
He added that the start-ups will not only get mentoring from Jaguar Land Rover, but also from "a network of other partners that we're building up so that they're not just a technology company with fantastic products, but a well-rounded business that can go out in the world and survive and thrive. They'll have an unders... |
And by not just reaching out to outsiders but bringing them in-house, Jaguar Land Rover will have a better understanding of where the next great innovations in automotive technology may come from. |
Ministers meet as Kosovo Albanians edge towards declaration of independence. |
Thousands of Kosovo Albanians demonstrated on Monday in Pristina, Kosovo's capital, calling for an immediate declaration of independence. |
Talks on Kosovo's final status, which are being mediated by the EU, Russia and the US, failed two weeks ago. |
its historic heartland and has rejected the secession of the province. |
"From today, Kosovo is starting intense consultations with its international partners with the aim of co-ordinating steps for declaring independence" |
As the deadline for an agreement on Kosovo's future expires, Kosovo Albanian leaders will begin talks with international mediators on steps towards a declaration of independence. |
"From today, Kosovo is starting intense consultations with its international partners with the aim of co-ordinating steps for declaring independence, and the official demands for recognising independence," Skendi Hyseni, a member of the negotiating team, said. |
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