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WFC
Wells Fargo names Mike Roemer chief compliance officer
Reuters Wells Fargo Co N WFC the third biggest U S bank by assets on Thursday named Mike Roemer chief compliance officer Roemer who joins from Barclays Plc L BARC will take charge in January the company said He takes over from interim CCO Kevin Oden who in June replaced Yvette Clark who was Wells Far...
WFC
Ohio extends ban on Wells Fargo business by six months
WASHINGTON Reuters Ohio will extend its ban on doing business with Wells Fargo NYSE WFC Co because the bank has not done enough to help consumers and clean up its culture the state s governor said on Thursday This bank has not yet regained the public s confidence Governor John Kasich said in a statement ...
WFC
Today s energy infrastructure fund performance
SMLPX 0 48 TORIX 0 66 ENFR 0 25 MLPI 0 74 MLPX 0 36 FLM 0 01 IDE 1 05 INF 0 38 INFR 0 5 MFD 0 1 MGU 0 38 NFRA 0 21 UTF 0 26 Now read
WFC
5 Trade Ideas For Wells Fargo Bonus Idea
Here is your Bonus Idea with links to the full Top Ten Wells Fargo NYSE WFC is not only one of Warren Buffett s favorite banks for good reason The stock had a strong move higher from a 2011 low to the high in mid 2015 It rose over 160 in that span before commencing a pullback If you remember that is when the F...
CMCSA
UK seeks additional reassurances from Comcast on independence of Sky News
LONDON Reuters Britain has sought additional reassurances from cable company Comcast O CMCSA over the editorial independence of the Sky News television channel following the U S group s takeover of broadcaster Sky L SKYB Comcast emerged triumphant in the long running battle for the pay TV group after it beat ...
CMCSA
Comcast s 40 billion Sky takeover becomes unconditional
LONDON Reuters U S cable company Comcast NASDAQ CMCSA took control of Sky on Tuesday after it acquired the 39 percent of the company owned by Twenty First Century Fox the rival it defeated with a 40 billion knock out bid for the European pay TV group last month Comcast said it held nearly 77 percent of Sky s ...
CMCSA
Comcast Falls 3
Investing com Comcast NASDAQ CMCSA fell by 3 to trade at 34 34 by 15 56 19 56 GMT on Wednesday on the NASDAQ exchange The volume of Comcast shares traded since the start of the session was 19 10M Comcast has traded in a range of 34 33 to 35 65 on the day The stock has traded at 35 88 at its highest and ...
CMCSA
Comcast Rises 3
Investing com Comcast NASDAQ CMCSA rose by 3 to trade at 34 69 by 15 45 19 45 GMT on Friday on the NASDAQ exchange The volume of Comcast shares traded since the start of the session was 23 76M Comcast has traded in a range of 33 90 to 34 70 on the day The stock has traded at 35 83 at its highest and 33 5...
CMCSA
Comcast CMCSA Stock Moves 0 1 What You Should Know
In the latest trading session Comcast CMCSA closed at 41 04 marking a 0 1 move from the previous day This change lagged the S P 500 s 0 on the day Elsewhere the Dow lost 0 05 while the tech heavy Nasdaq lost 0 21 Prior to today s trading shares of the cable provider had gained 3 84 over the past month ...
CMCSA
CMCSA Or RCI Which Is The Better Value Stock Right Now
Investors looking for stocks in the Cable Television sector might want to consider either Comcast CMCSA or Rogers Communication RCI But which of these two stocks presents investors with the better value opportunity right now Let s take a closer look There are plenty of strategies for discovering value stocks bu...
CMCSA
Comcast CMCSA Is Up 2 18 In One Week What You Should Know
Momentum investing is all about the idea of following a stock s recent trend which can be in either direction In the long context investors will essentially be buying high but hoping to sell even higher And for investors following this methodology taking advantage of trends in a stock s price is key once a s...
WFC
Wells Fargo executives board must face lawsuit over fake accounts federal judge says
By Jonathan Stempel Reuters A federal judge said current and former Wells Fargo NYSE WFC Co officers and directors including Chief Executive Officer Tim Sloan must face nearly all of a lawsuit by shareholders seeking to hold them personally liable for sales abuses and the creations of millions of unauthoriz...
CMCSA
Comcast secures over 75 percent of Sky shares
LONDON Reuters Comcast O CMCSA said it had secured over 75 percent of Sky s L SKYB shares bringing it closer to finalizing the 40 billion takeover of the British pay TV group U S cable company Comcast has previously said it hoped the acquisition would complete by the end of October Last month Comcast em...
WFC
Exclusive U S mulls further Wells Fargo sanction over sales abuses source
By Patrick Rucker and Dan Freed WASHINGTON NEW YORK Reuters The main regulator for Wells Fargo Co N WFC is considering whether to sanction the U S bank over improperly charging customers for car insurance and mortgage loans according to a source familiar with the matter The Office of the Comptroller of the...
WFC
Wells Fargo CEO defends leadership in heated Senate appearance
By Patrick Rucker and Dan Freed Reuters U S senators grilled Wells Fargo Co N WFC Chief Executive Tim Sloan on Tuesday about what he had done to change the bank s culture after a sales practices scandal erupted last year with one senior Democratic lawmaker calling for his ouster Senate Banking Committee me...
WFC
Wells Fargo credit rating downgraded at Fitch
Wells Fargo s NYSE WFC earnings profile will be diminished from historical levels improved risk governance and controls will take longer than anticipated says Fitch downgrading the bank s credit rating to A from AA The outlook is stable meaning no more cuts are anticipated in the foreseeable future Shares ...
WFC
Wall Street rally on pause but more gains seen in 2018 Reuters poll
By Caroline Valetkevitch NEW YORK Reuters A more than eight year bull market on Wall Street will simmer for the rest of 2017 before picking up again next year said strategists in a Reuters poll who were optimistic about corporate profits but concerned about slow tax reform progress The benchmark S P 500 SPX is ...
WFC
CA to allow lawsuits over fake accounts
Governor Jerry Brown yesterday signed into law a bill prohibiting banks from requiring disputes over fake accounts be sent to private arbitration rather than go to court Like most financial institutions Wells Fargo NYSE WFC requires customers to sign away their rights to sue when they sign up for personal account...
CMCSA
European markets dip as trade war pessimism weighs again
By Julien Ponthus LONDON Reuters European stock markets traded in negative territory on Monday as fears of an escalating trade row between the United States and China spread from Asian markets while oil rallied after OPEC ignored U S calls to raise global supply The benchmark index for euro zone blue chips retr...
CMCSA
Comcast Falls 5 54
Investing com Comcast NASDAQ CMCSA fell by 5 54 to trade at 35 80 by 09 31 13 31 GMT on Monday on the NASDAQ exchange The volume of Comcast shares traded since the start of the session was 3 94M Comcast has traded in a range of 35 50 to 35 96 on the day The stock has traded at 38 06 at its highest and 3...
CMCSA
Why The Earnings Surprise Streak Could Continue For Comcast CMCSA
Have you been searching for a stock that might be well positioned to maintain its earnings beat streak in its upcoming report It is worth considering Comcast CMCSA which belongs to the Zacks Cable Television industry This cable provider has an established record of topping earnings estimates especially when looki...
CMCSA
Cable One To Acquire Fidelity Communications For 525 9M
Cable One NYSE CABO recently signed an all cash deal worth 525 9 million to acquire Fidelity Communications The deal includes Fidelity s data video and voice business and certain related assets Cable One expects cost synergies of 15 million on an annual basis within three years of completing the transaction ...
CMCSA
Comcast CMCSA Hits Fresh High Is There Still Room To Run
Have you been paying attention to shares of Comcast CMCSA Shares have been on the move with the stock up 4 3 over the past month The stock hit a new 52 week high of 40 58 in the previous session Comcast has gained 18 3 since the start of the year compared to the 16 9 move for the Zacks Consumer Discretionary s...
CMCSA
Is Comcast CMCSA Outperforming Other Consumer Discretionary Stocks This Year
Investors focused on the Consumer Discretionary space have likely heard of Comcast CMCSA but is the stock performing well in comparison to the rest of its sector peers A quick glance at the company s year to date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this q...
WFC
JD com 1 4 as Wells Fargo starts at Outperfrom
As part of a look at e commerce firms at Wells Fargo NYSE WFC JD com NASDAQ JD has gotten an initiation at Outperform Shares are up 1 4 premarket Year to date JD com s ADRs have gained 58 5 on Nasdaq though they ve declined 9 1 over the past week Wells is joining an overall bullish chorus of analysts an...
WFC
Wells Fargo sees healthy premium for Finish Line buyout
Wells Fargo NYSE WFC estimates that Finish Line NASDAQ FINL could be sold in a range of 14 to 16 if the reported deal with Sports Direct LON SPD International OTCPK SDIPF OTCPK SDISY goes through Finish Line closed yesterday at 11 66 after a late spike The investment firm notes that a Finish Line buyou...
WFC
Wells Fargo says rehires workers wrongly fired in accounts scandal
WASHINGTON Reuters Tim Sloan the chief executive officer of Wells Fargo Co N WFC apologized for a phony accounts scandal and said the bank has hired back more than 1 000 workers wrongly fired or who left due to the wrongdoing according to prepared Congressional testimony We expected to find more shortcom...
WFC
Weekly Energy
Oil prices over the course of the last week were relatively stable and WTI crude oil settled at 51 50 USD barrel On Saturday non OPEC members agreed to reduce their oil production by 558 000 barrels day in order to support OPEC members in their last production reduction agreement Additionally Saudi Arabia signaled ...
WFC
Markets Make Opinions
Looking back over this year s Investment U columns I said plenty that readers disagreed with About stocks I suggested that the most disrespected bull market in history had further to run I pointed out that folks with all or most of their money in gold weren t just wrong but nuts I said the historic 34 year bu...
CMCSA
Variety NBC Entertainment chief to exit
NBC NASDAQ CMCSA Entertainment Chairman Bob Greenblatt is preparing his exit after leading a successful turnaround over the past eight years Variety reports Greenblatt has decided the time is right and will meet with NBCUniversal CEO Steve Burke to sort out timing and succession according to the report He s the l...
CMCSA
What s In Store For Titan Machinery TITN In Q4 Earnings
Titan Machinery Inc NASDAQ TITN is set to report fourth quarter and fiscal 2018 results ending Jan 31 2019 on Mar 27 In the last reported quarter the company beat estimates by 36 1 Per the earnings record it surpassed estimates in all of the trailing four quarters the average beat being 67 7 In the past t...
CMCSA
BlackBerry BB To Report Q4 Earnings What s In Store
BlackBerry Limited NYSE BB is scheduled to report fourth quarter fiscal 2019 financial results ended Feb 28 2019 before the opening bell on Mar 29 In the last reported quarter the company delivered a positive earnings surprise of 50 Let s find out how things are shaping up prior to the announcement Factors at...
WFC
Allegion announces pricing of 800M of senior notes
Allegion NYSE ALLE priced the previously announced offering by its wholly owned subsidiary Allegion US Holding Company of 400M aggregate principal amount of 3 200 senior notes due 2024 and 400M aggregate principal amount of 3 550 senior notes due 2027 The offering is expected to close on Octobe...
WFC
U S watchdog settled for small fine over Wells Fargo phony accounts report
By Pete Schroeder WASHINGTON Reuters A consumer watchdog agency could have levied 10 billion in penalties against Wells Fargo NYSE WFC Co last year for opening unauthorized customer accounts but settled for a fraction of that to resolve the matter quickly according to regulatory documents released on Tuesd...
WFC
Wells Fargo s lone outsider aims to clean up bank s reputation
By Dan Freed NEW YORK Reuters Before a sales scandal upended its reputation Wells Fargo NYSE WFC Co was something of a proud outsider in Washington and on Wall Street compared to its big bank peers Now the only one of 11 executive officers at the bank who did not work there before its fall from grace is a c...
WFC
Wells Fargo CEO to testify before Senate as questions linger over scandal
By Patrick Rucker WASHINGTON Reuters Wells Fargo N WFC Chief Executive Tim Sloan is due to testify before Congress on Oct 3 as the bank deals with fallout from a sales scandal a year ago that continues to spark new revelations Sloan will appear before the Senate Banking Committee which writes rules for his i...
WFC
Wells Fargo hires new law firm to prepare CEO for Senate appearance
By Dan Freed NEW YORK Reuters Wells Fargo Co N WFC has hired law firm Sidley Austin to take the lead in preparing Chief Executive Tim Sloan for his appearance before the U S Congress next month to answer questions about a year long sales practices scandal according to four sources with knowledge of the dec...
CMCSA
Trump Attacks NBC Ethics in Weinstein Reporting Comcast Shares Fall 1
Investing com U S President Donald Trump attacked NBC via his Twitter account on Tuesday suggesting the network may have shown highly unethical conduct and questioned the company s right to hold a license In the tweet Trump claimed that NBC s journalistic standards were worse than those he believes are pract...
CMCSA
Trump hits CNN and NBC urges look at their license tweet
By Makini Brice and David Shepardson WASHINGTON Reuters U S President Donald Trump blasted CNN and NBC News yet again in a tweet on Tuesday criticizing NBC s handling of a story on movie producer Harvey Weinstein and suggesting a look at their license without specifying what exactly he was calling for Trump h...
CMCSA
Sky to develop mobile games based on its original drama
LONDON Reuters European pay TV group Sky said on Thursday it was joining forces with production company Skybound Entertainment to create its first mobile narrative games aiming to exploit the content of its original TV shows in a new format The games created by the joint venture named Skybound Stories will make...
CMCSA
Comcast Rises 3 01
Investing com Comcast NASDAQ CMCSA rose by 3 01 to trade at 37 17 by 13 01 17 01 GMT on Thursday on the NASDAQ exchange The volume of Comcast shares traded since the start of the session was 10 37M Comcast has traded in a range of 36 08 to 37 18 on the day The stock has traded at 37 18 at its highest and...
CMCSA
Fox says Sky shareholders have until October 6 to accept offer
Reuters Twenty First Century Fox O FOXA said on Monday that its 14 pounds per share bid for Sky Plc L SKYB will remain open for acceptances until October 6 As of Monday Rupert Murdoch controlled Fox said it had received valid acceptances for shares representing about 0 07 percent of Sky Rival bidder Comcast ...
CMCSA
Why Is Snap SNAP Up 14 9 Since Last Earnings Report
A month has gone by since the last earnings report for Snap SNAP Shares have added about 14 9 in that time frame outperforming the S P 500 Will the recent positive trend continue leading up to its next earnings release or is Snap due for a pullback Before we dive into how investors and analysts have reacted as ...
CMCSA
Why Is Twenty First Century Fox FOXA Up 2 2 Since Last Earnings Report
It has been about a month since the last earnings report for Twenty First Century Fox FOXA Shares have added about 2 2 in that time frame outperforming the S P 500 Will the recent positive trend continue leading up to its next earnings release or is Twenty First Century Fox due for a pullback Before we dive int...
WFC
MannKind medical chief bids adieu shares down 2
MannKind MNKD 2 VP Chief Medical Officer Raymond Urbanski M D Ph D will resign effective September 29 to take a position in another company that will enable him to pursue his passion for oncology He joined MannKind in October 2015 Now read
WFC
Soaring Canadian dollar set to pull back in coming months Reuters poll
By Fergal Smith TORONTO Reuters Canada s dollar which has soared over 12 percent against its U S counterpart since May will give up some of those gains in coming months as the boost from Bank of Canada interest rate hikes begins to fade a Reuters poll found on Monday The loonie notched its strongest level sinc...
WFC
Wells Fargo CEO sees progress on expenses in second half
By Dan Freed Reuters Wells Fargo Co N WFC expects to gain better control of costs in relation to revenues as it works to recover from a sales scandal its chief executive officer said on Tuesday Tim Sloan CEO of the third largest U S bank said expenses will likely account for 60 percent to 61 percent of ...
WFC
Lakeland Industries beats by 0 05 revenue in line
Lakeland Industries NASDAQ LAKE Q2 EPS of 0 25 beats by 0 05 Revenue of 23 9M 7 3 Y Y in line Press ReleaseNow read
WFC
Hurricane Harvey to make mild dent in U S economic growth Reuters poll
By Indradip Ghosh and Shrutee Sarkar BENGALURU Reuters U S economic growth will take a mild hit in the current quarter from Hurricane Harvey that slammed into Texas but the outlook for the coming year remained steady in the latest Reuters poll suggesting lost output will likely be recouped Harvey was the most p...
WFC
SoFi CEO Cagney to step down immediately
Reuters Online lender Social Finance which is currently investigating claims of sexual harassment by employees said on Friday its chief executive Mike Cagney resigned effectively immediately The company had said on Monday that Cagney would step down but stay on as CEO until a successor was found Executive Ch...
CMCSA
Trump seeks to backtrack on 2017 comments on Comey firing
By Susan Heavey WASHINGTON Reuters U S President Donald Trump sought to backtrack on comments last year in which he tied his decision to fire FBI Director James Comey to a probe into Russian election meddling accusing NBC News on Thursday of fudging their interview but offering no supporting evidence Trump ma...
CMCSA
UK s Sky to invest in Israeli VC fund and open Berlin office
Reuters Pay TV group Sky plans to step up investments in tech start ups in Europe and the Middle East by opening a new office in Germany and investing 4 million in an Israeli venture capital fund Europe s biggest pay TV group has built one of the most technically advanced platforms in Europe helped in part by in...
CMCSA
Mediaite NBC bombshell only the beginning
The Daily Beast s story on NBC News NASDAQ CMCSA alleged internal efforts to kill Ronan Farrow s expose on Harvey Weinstein is apparently only the beginning of their reporting on the network s misconduct problems There s more to come a source with knowledge told Mediaite A lot more The investigation centers ...
WFC
Analyst Wells Fargo s new fake account numbers not so bad
The news that Wells Fargo WFC 0 6 has found 1 4M more possibly unauthorized accounts bringing the tally to as many as 3 5M isn t as bad as it might seem says Sandler O Neill Partners That s because of the much wider scope of the new examination analyst Scott Siefers tells CNBC It s important to keep this...
WFC
Vanguard withheld support for key Wells Fargo directors filings
By Ross Kerber BOSTON Reuters Vanguard Group one of the world s biggest fund managers voted against three directors at Wells Fargo NYSE WFC Co this year including Chairman Stephen Sanger according to U S filings a rare rebuke from the bank s second largest shareholder The lack of support from Vanguard ...
WFC
Lost support for Wells Fargo directors
A rare rebuke from the bank s second largest shareholder Vanguard voted against three directors at Wells Fargo NYSE WFC this year including Chairman Stephen Sanger according to U S filings The lack of support was disclosed as Wells announced it had uncovered more than a million additional accounts opened with...
WFC
Wells Fargo buys dip in RLJ Lodging
Believing management will take steps to polish its tarnished reputation Wells Fargo NYSE WFC s Jeffrey Donnelly upgrades RLJ Lodging NYSE RLJ to Outperform from Market Perform His 23 price target suggests about 15 upside The FelCor NYSE FCH deal he says was an unanticipated departure from an otherwise ...
WFC
California on brink of letting customers sue banks
Reuters California is one step away from allowing state residents to sue financial institutions for fraud rather than letting banks force customers to settle disputes in arbitration after the state legislature gave final approval on Tuesday to a bill inspired by last year s Wells Fargo scandal The bill passed...
WFC
Wells Fargo whistleblower lawsuit is revived by U S appeals court
By Jonathan Stempel NEW YORK Reuters Wells Fargo Co N WFC faces a new legal worry after a federal appeals court on Thursday revived a whistleblower lawsuit by two former employees who said they were fired for trying to report misconduct by lenders that the bank later absorbed The 2nd U S Circuit Court of Ap...
FCX
Freeport McMoRan Follows Copper Down on Another Virus Selloff
By Kim Khan Investing Freeport McMoRan sank in midday trading Monday as the world s biggest copper producer fell afoul of the pervasive virus concerns and effect on the Chinese economy Freeport McMoRan NYSE FCX shares sank 6 Copper prices also sank off 3 heading for their ninth straight down session which wo...
CMCSA
UK regulator sticks to 14 pounds a share floor for Sky from Disney
LONDON Reuters Britain s Takeover Panel said on Thursday it had confirmed its ruling that Walt Disney might have to offer at least 14 pounds a share to buy UK pay television group Sky Disney would only be forced to make such an offer if it completes a deal to buy Twenty First Century Fox s TV and film assets whic...
CMCSA
Sky expects to pay advisers on Fox deal up to 123 7 million in fees
LONDON Reuters Sky L SKYB said on Monday that it expected to pay its advisers between 90 million pounds and 97 million pounds 123 7 million if Twenty First Century Fox O FOXA succeeds with its takeover of the British broadcaster The UK pay television group will spend as much as 61 5 million pounds on financ...
CMCSA
Comcast gets valid acceptances for less than 1 percent of Sky shares
Reuters Comcast Corp NASDAQ CMCSA said it had received valid acceptances for shares representing just 0 21 percent of Sky Plc LON SKYB after its 14 75 pound per share offer to buy 61 percent of the European broadcaster Comcast also said the offer period was being extended and would remain open for acceptances...
CMCSA
Comcast Rises 3 20
Investing com Comcast NASDAQ CMCSA rose by 3 20 to trade at 36 44 by 10 57 14 57 GMT on Friday on the NASDAQ exchange The volume of Comcast shares traded since the start of the session was 3 95M Comcast has traded in a range of 35 32 to 36 44 on the day The stock has traded at 36 44 at its highest and 3...
CMCSA
Comcast CMCSA Up 6 2 Since Last Earnings Report Can It Continue
It has been about a month since the last earnings report for Comcast CMCSA Shares have added about 6 2 in that time frame outperforming the S P 500 Will the recent positive trend continue leading up to its next earnings release or is Comcast due for a pullback Before we dive into how investors and analysts have...
CMCSA
What s In Store For LKQ Corporation LKQ In Q4 Earnings
LKQ Corporation NASDAQ LKQ is set to report fourth quarter and 2018 results before the opening bell on Feb 28 In the last reported quarter the company s earnings were in line with estimates Per the earnings record it missed estimates in two of the trailing four quarters while beating earnings estimates once and ...
WFC
Signet Jewelers roars higher again
Signet Jewelers NYSE SIG is up another 6 5 to add to yesterday s post earnings rally Wells Fargo NYSE WFC takes its price target up to 75 on confidence in Signet s new direction under CEO Gina Drosos Drosos talked tech innovation during the company s earnings conference call The retail jewelry shopping expe...
WFC
Stocks dollar recover as North Korea jitters abate
By Saqib Iqbal Ahmed NEW YORK Reuters U S stocks rebounded from a sharply lower open on Tuesday and helped an index of global equity markets pare losses as investors shrugged off concerns over North Korea s latest missile test Treasury yields were off early lows and the dollar index DXY which measures the gree...
WFC
Homeowner s lawsuit says Wells Fargo charged improper mortgage fees
By Dena Aubin NEW YORK Reuters A homeowner has filed a lawsuit accusing Wells Fargo Co N WFC of improperly charging thousands of customers nationwide to lock in interest rates when their mortgage applications were delayed Filed on Monday in San Francisco federal court the lawsuit said Wells Fargo managers ...
WFC
Wells Fargo uncovers more fake accounts in drawn out scandal
By Dan Freed Reuters Wells Fargo NYSE WFC Co hiked the tally of accounts that were potentially opened without customers knowledge by over a million on Thursday after an expanded review of improper sales practices The revelation is the latest chapter in a year long scandal at the San Francisco bank and puts...
WFC
3 Numbers German Factory Orders To Rise For 3rd Month
New factory orders in Germany are expected to increase again for September Healthy export orders should give German manufacturing a welcome lift Analysts see Eurozone retail sales dipping for a second month in September The Fed s Labor Market Conditions Index may favor a rate hike next month Germany s economy is in the...
WFC
7 Charts Show The State Of The Markets Right Now
It feels like we have almost packed a full year s worth of stock market price action into just the last two weeks With so many diverging market sectors and overall fluctuations I thought it would be prudent to do an examination of some key charts Taking a closer look at these categories can help frame macro views as...
WFC
Wells Fargo WFC Stock Has Surged Since Earnings Can It Last
About a month has gone by since the last earnings report for Wells Fargo NYSE WFC Shares have added about 15 6 in the past month easily outpacing the S P 500 in that time frame Will the recent positive trend continue leading up to their next earnings release or is the stock due for a pullback Before we dive in...
CMCSA
FCC chairman Pai says Trump has not contacted him on Sinclair deal
By Kara Carlson Reuters U S President Donald Trump has not contacted the Federal Communications Commission about its lack of approval for Sinclair Broadcast Group s O SBGI deal to buy Tribune Media Co N TRCO which Trump has called disgraceful on Twitter FCC Chairman Ajit Pai said on Thursday No one in ...
CMCSA
UK regulator confirms Disney must offer at least 14 pounds per share for Sky
LONDON Reuters Britain s takeover regulator said on Friday that a review had confirmed its ruling that Walt Disney might have to offer at least 14 pounds a share to buy UK pay television group Sky Disney would only be forced to make such an offer if it completes a deal to buy Twenty First Century Fox s TV and film...
CMCSA
Fox posts offer document for Sky deal
Reuters Twenty First Century Fox Inc O FOXA on Tuesday posted an offer document and form of acceptance for its 14 pounds a share offer to buy UK s Sky L SKYB on Tuesday Fox now intends to implement Sky s acquisition by way of a takeover offer rather than a scheme of arrangement as described in the Companies A...
CMCSA
Fox tops estimates as Deadpool 2 cable earnings drive gains
By Munsif Vengattil Reuters Twenty First Century Fox Inc s quarterly profit and revenue topped Wall Street targets on Wednesday thanks to the popularity of edgy superhero movie Deadpool 2 and as the company s cable unit earned higher fees from distributors The results which showed most of Fox s businesses wer...
CMCSA
Comcast expands basic broadband offering to low income veterans
Comcast NASDAQ CMCSA has expanded its broadband program targeted at lower income customers for the 11th time It s widening eligibility for Comcast Internet Essentials to low income veterans about 1M of which live in Comcast s footprint the company says The company has connected more than 6M Americans to the Inter...
WFC
Wells Fargo changes board names Duke chair in response to scandal
By Dan Freed Reuters Wells Fargo Co N WFC Vice Chair Betsy Duke will replace retiring Chair Stephen Sanger next year one of several changes announced on Tuesday in a board overhaul following a sales practices scandal Sanger will retire at year end earlier than his previous plans to depart in April upon rea...
WFC
Matson 24 as company faces new competition for lucrative trading routes
Matson MATX 24 5 shares suffer their biggest selloff ever amid concerns over a new competitor to its West Coast to Hawaii shipping business TOTE Maritime yesterday announced plans to establish a new shipping service to Hawaii and has signed a letter of intent to acquire up to four newbuild containerships similar...
WFC
Matson sees record setting one day sell off
Investing com Matson Inc NYSE MATX shares plunged on Friday amid concerns that new competition will hamper the company s business On Thursday TOTE Maritime announced plans to establish a new shipping service to Hawaii and has signed a letter of intent to acquire up to four newbuild containerships similar in si...
WFC
Wells Fargo troubles shift from phony bank accounts to real ones
By Dan Freed Reuters After paying customers millions of dollars for opening phony accounts they did not want Wells Fargo Co N WFC has said it is now grappling with the possibility it harmed customers by closing real accounts they needed leaving them without access to funds Wells the third largest U S ban...
CMCSA
Trump calls FCC decision on Sinclair Tribune merger unfair
By David Shepardson WASHINGTON Reuters President Donald Trump on Tuesday criticized the Federal Communications Commission for not approving Sinclair Broadcast Group Inc s 3 9 billion acquisition of Tribune Media calling it disgraceful compared with the FCC s approval several years ago of a deal involving the NB...
CMCSA
Comcast CMCSA Stock Sinks As Market Gains What You Should Know
Comcast CMCSA closed the most recent trading day at 35 43 moving 1 8 from the previous trading session This change lagged the S P 500 s daily gain of 1 56 Elsewhere the Dow gained 1 77 while the tech heavy Nasdaq added 2 2 Prior to today s trading shares of the cable provider had gained 5 96 over the pa...
CMCSA
CMCSA Vs RCI Which Stock Is The Better Value Option
Investors looking for stocks in the Cable Television sector might want to consider either Comcast CMCSA or Rogers Communication RCI But which of these two stocks offers value investors a better bang for their buck right now We ll need to take a closer look The best way to find great value stocks is to pair a str...
WFC
California insurance regulator to probe Wells Fargo over auto policies
By Suzanne Barlyn Reuters California will investigate whether Wells Fargo Co N WFC and an insurance company harmed hundreds of thousands of residents by selling them insurance they did not need the state s insurance regulator said on Tuesday California Insurance Commissioner Dave Jones said in a statement h...
WFC
Wall Street swings lower after Trump warns North Korea
By Sinead Carew Reuters U S stocks closed lower on Tuesday after a late afternoon selling spree as investors fled for safety after U S President Donald Trump vowed to respond aggressively to any threats from North Korea After scaling back from record highs earlier in the session Wall Street s three major index...
WFC
Republican Democratic senators seek answers in Wells auto scandal
By Lisa Lambert WASHINGTON Reuters A group of U S senators from both parties on Wednesday turned up the heat on Wells Fargo NYSE WFC Inc over its latest scandal in which hundreds of thousands of car loan borrowers were charged each month without their knowledge for collision insurance which many of them did...
WFC
Can a small town Virginia banker fix Wells Fargo s board
By Dan Freed Reuters Wells Fargo Co N WFC will likely turn to a former community banker and Fed official to head its board as the scandal ridden bank tries to restore its former reputation as a solid plain vanilla lender people familiar with the matter told Reuters Betsy Duke who only joined the board of...
CMCSA
Comcast drops out of the 71 billion bidding war for 21st Century Fox assets handing Disney victory
announced on Thursday that it was no longer pursuing its bid to buy some of 21st Century Fox s assets This ended a bidding war it had entered with Disney for the assets which exclude the Fox News Channel and Fox Business Comcast said it would now focus on its bidding war with Fox for the British broadcaster Sky ...
CMCSA
Report Comcast works to retain Sky chief in deal bid
Comcast NASDAQ CMCSA is looking to keep Sky OTCQX SKYAY Chief Executive Officer Jeremy Darroch as part of its renewed bid to acquire the UK satellite broadcaster The Times of London reports That s a move by Comcast chief Brian Roberts to ensure an orderly change of ownership in the deal according to the report ...
CMCSA
Comcast CMCSA Q4 Earnings And Revenues Surpass Estimates
Comcast CMCSA came out with quarterly earnings of 0 64 per share beating the Zacks Consensus Estimate of 0 62 per share This compares to earnings of 0 49 per share a year ago These figures are adjusted for non recurring items This quarterly report represents an earnings surprise of 3 23 A quarter ago it was...
WFC
Wells Fargo says investigation could find more fake accounts
Investing com Shares of Wells Fargo Company NYSE WFC are retreating on Friday after the company filed with the Securities and Exchange Commission stating that a wider look into its sales practice issues could reveal a significant increase in the identified number of potentially unauthorized accounts Over the...
WFC
Wells Fargo reviews more products for financial harm to customers
By Olivia Oran NEW YORK Reuters Wells Fargo Co N WFC is examining whether it caused unnecessary financial harm to customers through mortgage fees frozen deposit accounts and add on products like identity theft protection the bank said in a U S securities filing on Friday The disclosures signal that the ...
WFC
Infrastructure borrowing drops as U S states await Trump plan details
By Robin Respaut and Hilary Russ SAN FRANCISCO NEW YORK Reuters President Donald Trump arrived in office having promised a bold 1 trillion infrastructure investment plan over 10 years for roads bridges airports and transit systems crumbling by the day across the United States But nearly seven months later the a...
WFC
Wells Fargo joint venture sued over merchant credit card fees
By Dena Aubin NEW YORK Reuters A Wells Fargo NYSE WFC Bank joint venture that provides credit card processing services to merchants across the country has been hit with a lawsuit accusing it of using misleading sales tactics and overbilling for its services The proposed class action filed on Friday in Brookly...
WFC
Golf Players plot plans at new Quail Hollow
By Larry Fine CHARLOTTE North Carolina Reuters Players have come to know Quail Hollow during its years of hosting the PGA Tour s Wells Fargo NYSE WFC Championship but given its recent makeover players were not exactly sure how it will play at this week s PGA Championship Who knows William McGirt told Reut...
CMCSA
Comcast makes higher offer for Sky tops Fox bid
Reuters Comcast Corp O CMCSA on Wednesday raised its offer for Britain s Sky L SKYB in a deal valuing the pay TV group at 34 billion challenging a raised bid from Twenty First Century Fox O FOXA Comcast s offer of 14 75 pounds per share was higher than the 14 pounds per share or 32 5 billion offered by ...
CMCSA
Sky hitting 18 year highs as Jefferies boosts target on bid fight
Sky OTCQX SKYAY is up 3 6 in OTC trading after the latest move in a bidding war for the UK broadcaster a raised bid of 34B from Comcast CMCSA 1 7 Jefferies has given the stock a Street high price target of 17 50 up from 16 that implies 13 upside from today s London close of 15 45 Shares hit an 18 year ...
CMCSA
AT T CEO confident Time Warner deal on solid ground
By Vibhuti Sharma and Sonam Rai Reuters The U S Justice Department has only a remote chance of overturning AT T NYSE T Inc s takeover of Time Warner Chief Executive Randall Stephenson said on Friday adding that the move could affect the bidding war for Twenty First Century Fox Inc Shares of AT T fell 1 7 perc...