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CMCSA | InterDigital announces multi year agreement with LG | InterDigital NASDAQ IDCC announces its patent licensing subsidiaries have signed a multi year license with LG Electronics OTC LGEAF The deal commits the companies to exploring joint projects related to R D of video and sensor tech for connected and autonomous vehicles The agreement c... |
CMCSA | NBC s Today show ratings jump after Lauer firing | LOS ANGELES Reuters Ratings for NBC s Today show rose last week after the network announced it had fired longtime co host Matt Lauer following an allegation of inappropriate sexual behavior according to Nielsen data released on Tuesday The show on Comcast NASDAQ CMCSA Corp s NBC pulled in an average of 4 9 m... |
CMCSA | UK delays provisional findings in Sky Fox review | The UK has delayed its release of provisional findings regarding Fox s FOX 0 4 FOXA 0 2 bid to buy out the rest of broadcaster Sky SKYAY 1 3 until next month But it expects that shouldn t change the overall timing of the review which pushed into spring 2018 when regulators decided to take a deeper look at ... |
CMCSA | Comcast CMCSA Tops Q4 Earnings Revenue Estimates | Comcast Corp NASDAQ CMCSA is the largest cable MSO multi service operator in the U S and a leading media and entertainment company Comcast provides basic video digital video high speed broadband Internet and telephony services to individuals and business enterprises In addition the company provides film... |
WFC | Golf Johnson to make PGA Tour return at Wells Fargo in May | Reuters Dustin Johnson will make his first start since withdrawing from last week s U S Masters when he competes in the Wells Fargo NYSE WFC Championship at Eagle Point Golf Club in North Carolina from May 4 7 the tournament s director said on Thursday We certainly are excited that Dustin will be joining us... |
WFC | Wells Fargo s banking agreement with Nevada extended | Reuters Wells Fargo Co N WFC said on Monday the State of Nevada had extended its banking agreement with the scandal hit lender until 2021 Several states including California Illinois and Ohio have severed ties with the bank following a sales scandal that cost former Chief Executive John Stumpf his job We... |
WFC | Wells Fargo chairman and CEO buy shares as bank aims to bounce back | Reuters Wells Fargo Co N WFC Chief Executive Tim Sloan and Chairman Stephen Sanger together bought nearly 100 000 shares of the company s stock as the bank tries to bounce back from a sales scandal that tarnished its once spotless image as an industry leader Sanger who led an internal inquiry after the thir... |
WFC | New SPDR Fixed Income ETF Off To Solid Start | Disappointing macroeconomic data global market turbulence and threats to the stability of the U S economy have been making headlines since the beginning of the year leading to volatility across all asset classes Meanwhile treasury yields are also showing a downtrend Although the Federal Reserve Chair Janet Yellen ... |
CMCSA | Meghan Markle departs Suits after engagement to Prince Harry | LOS ANGELES Reuters U S actress Meghan Markle has wrapped up her role on legal drama series Suits after seven seasons USA Network and Universal Cable Productions said in a statement on Tuesday a day after Markle and Britain s Prince Harry announced their engagement Markle 36 played Rachel Zane on the cable ... |
CMCSA | NBC News fires Matt Lauer for inappropriate sexual behavoir | NBC News announces that it has fired co host Matt Lauer for inappropriate sexual misconduct Today hosts Savannah Guthrie and Hoda Kotb told viewers this morning that they had received the information only moments before the show began Shares of NBC parent Comcast NASDAQ CMCSA are down 0 3 in light premarket trad... |
CMCSA | Factbox Trump on Twitter Nov 29 Stock Market Matt Lauer | The following statements were posted to the verified Twitter accounts of U S President Donald Trump realDonaldTrump and POTUS The opinions expressed are his own Reuters has not edited the statements or confirmed their accuracy realDonaldTrump foxandfriends we are in record territory in all things having... |
CMCSA | NBC News fires Today co host Matt Lauer for sexual misconduct | By Gina Cherelus and Jonathan Allen NEW YORK Reuters NBC News fired Matt Lauer the popular host of its Today morning show on Wednesday after a female colleague accused him of inappropriate sexual behavior the network said making him the latest rich and powerful man to be felled by such accusations His termi... |
WFC | Senator Warren aide said to be in running for SEC job sources | By Sarah N Lynch and Svea Herbst Bayliss
WASHINGTON BOSTON Reuters Bharat R Ramamurti a legislative aide for Democratic Senator Elizabeth Warren is a contender for one of the vacancies on the U S Securities and Exchange Commission according to people familiar with the matter
Ramamurti is senior counsel to Wa... |
WFC | Wells Fargo Q1 EPS 1 0 vs estimate of 0 97 | Investing com NYSE Wells Fargo Thursday reported first quarter earnings that edged past estimates The U S bank said its Q1diluted EPS was 1 00 against a consensus estimate of 0 97 and 0 99 a year earlier Revenues came in slightly below forecast at 22 bn Wells Fargo shares were off 1 19 at 52 49 in pre mark... |
WFC | The Next Big Financial Collapse Can Happen At Any Time | Every day that life goes by and there s no disruption I consider that a bonus
We are currently sitting on the edge on another housing and commercial real estate market disaster The financial system was never fixed or reformed The banking sins which led up to the big housing bubble crash were merely erased with t... |
WFC | Top ETF Stories Of May | The month of May was moderate for the broader U S market with the S P 500 and Nasdaq Composite adding 0 8 and 2 7 respectively However the Dow Jones Industrial Average lost about 0 6 While an oil price recovery and some solid U S economic readings favored risk on sentiments earnings recession and seasonal wea... |
CMCSA | DAX Slides Other European Markets Follow on German Political Turmoil | Investing com European markets opened lower on Monday as German political turmoil dampened market sentiment and as investors eyed an upcoming speech by European Central Bank President Mario Draghi
The EURO STOXX 50 fell 0 18 France s CAC 40 slipped 0 15 while Germany s DAX 30 was down 0 30 by 03 35 a m ET 07... |
CMCSA | TiVo wins set top box patent case against Comcast | Reuters The U S International Trade Commission has ruled in favor of Rovi Corp which is now known as TiVo NASDAQ TIVO Corp and prohibited Comcast Corp NASDAQ CMCSA from importing and selling certain types of Rovi s Xfinity X1 set top boxes
The final ruling in favor of Rovi that makes set top boxes said the ... |
WFC | Wells Fargo board releases findings of probe into scandal | Investors have moved on from the account opening scandal at Wells Fargo NYSE WFC but there are still some loose ends to tie up like this morning s naturally fairly scathing report Senior managers at the bank failed to pay attention to warnings of spreading sales abuses for over a decade says the 110 page effort ... |
WFC | Best banker in America blamed for Wells Fargo sales scandal | By Carmel Crimmins and Karen Freifeld Reuters An investigation by Wells Fargo Co s N WFC board laid blame for the company s unauthorized accounts scandal on a high pressure sales culture and a retail executive obsessed with stamping out negative views about her division The report carried out by board Chai... |
CMCSA | Stocks European Markets Open Mixed Draghi Speech in Focus | Investing com European markets opened mixed on Friday as investors eyed an upcoming speech by European Central Bank President Mario Draghi due later in the day and as market sentiment mildly improved following an important step in a U S tax overhaul
The EURO STOXX 50 eased 0 08 France s CAC 40 fell 0 21 while ... |
CMCSA | Here s Why You Should Add Alibaba BABA To Your Portfolio | Alibaba Group Holding Limited NYSE BABA is currently one of the top performing stocks in the technology sector and an increase in share price and strong fundamentals signal its bullish run Therefore if you haven t taken advantage of the share price appreciation yet it s time you add the stock to your portfolio T... |
WFC | Canadian dollar to weaken as policy path diverges with U S Reuters poll | By Anu Bararia BENGALURU Reuters The Canadian dollar will weaken over the coming months pressured by an uncertain economic outlook and the prospect of higher interest rates in the United States even as the Bank of Canada stays on the sidelines a Reuters poll showed While the loonie may gain a little in the shor... |
WFC | Proxy adviser ISS urges votes against most of Wells Fargo board | By Ross Kerber BOSTON Reuters Influential proxy adviser Institutional Shareholder Services recommended investors vote to replace the majority of directors at Wells Fargo Co N WFC in the wake of the bank s phony account scandal ISS in a report released on Friday by a spokesman said votes against 12 of the b... |
WFC | Exclusive U S regulator removes top examiner for Wells Fargo sources | By Patrick Rucker WASHINGTON Reuters The most senior bank examiner for Wells Fargo Co N WFC has been removed by a U S regulator in the wake of the bank s unauthorized accounts scandal people familiar with the matter told Reuters this week The Office of the Comptroller of the Currency the lead regulator fo... |
WFC | Wall Street shares flat after weak jobs Fed comments | By Sinead Carew NEW YORK Reuters Wall Street s three major indexes were virtually unchanged on Friday but fell well below session highs in late afternoon trading after a key Federal Reserve official shed more light on the Fed s plan to reduce its balance sheet while investors digested a weak jobs report New York F... |
WFC | Wall Street sees Fed balance sheet normalization plan by year end Reuters poll | By Richard Leong NEW YORK Reuters Wall Street s top banks see the Federal Reserve laying out by year end its plan to scale back reinvestments in Treasuries and mortgage backed securities in order to begin shrinking its 4 5 trillion balance sheet a Reuters poll showed on Friday Five of 15 primary dealers or bank... |
WFC | Bank ETFs Surge Will The Momentum Last | Finally the battered banking stocks found reasons to turn around As soon as the April Fed minutes hinted at a June rate hike possibility banking along with many other financial stocks rallied on May 18 The going was tough for bank stocks and ETFs for quite some time mainly due to the twin attacks of a delay in furt... |
CMCSA | Nintendo near deal to license Mario for Universal movie | In what would be one of Hollywood s biggest licensing deals in years Nintendo NTDOY 1 3 is nearing a deal with Illumination Entertainment which makes animation for Universal Pictures CMCSA 1 1 for an animated Super Mario Bros movie Characters from what may be history s best selling videogame franchise ... |
CMCSA | George Soros dumped his stake in Snap and increased positions in cable companies | George Soros hedge fund submitted its quarterly disclosure on Wednesday
The fund disclosed that it had exited its position in Snap and decreased its position in other tech companies
The fund increased its position in a number of cable companies
Watch Snap move in real time
Legendary investor George Soros hedg... |
CMCSA | AT T Time Warner Fail To Settle Acquisition Talks With DOJ | AT T Inc NYSE T and media giant Time Warner Inc NYSE TWX are finally heading for a battle in court against the U S Department of Justice DOJ in 2018 over their 85 4 billion big ticket merger deal On Nov 20 2017 the U S Department of Justice DOJ filed a lawsuit against the telecom behemoth over its m... |
WFC | Consumer spending slows but inflation is rising | By Lucia Mutikani
WASHINGTON Reuters U S consumer spending barely rose in February amid delays in the payment of income tax refunds but the biggest annual increase in inflation in nearly five years supported expectations of further interest rate hikes this year
The slowdown in consumer spending reported by the C... |
WFC | Government orders Wells Fargo to reinstate whistleblower | By Pete Schroeder Reuters The federal government has ordered Wells Fargo N WFC to reinstate a former bank manager who lost his job after reporting suspected fraudulent behavior at the bank The Labor Department s Occupational Safety and Health Administration OSHA announced on Monday that the bank must rehire ... |
WFC | Glass Lewis asks Wells Fargo investors to vote against six directors | Reuters Proxy adviser Glass Lewis on Tuesday recommended that Wells Fargo NYSE WFC Co shareholders vote against six directors at an upcoming annual meeting in protest of improper sales practices in its retail bank Wells Fargo s shareholders are expected to vote on the election of directors executive pay an... |
WFC | Wells Fargo s aggressive sales tactics hit small firms WSJ | Reuters Wells Fargo Co N WFC has restructured its credit card processing business after an internal probe found some employees had falsely reported customer sales numbers the Wall Street Journal reported on Wednesday This raises questions about the scope of the sales scandal that hit the lender s retail ban... |
WFC | FleetCor defended by Wells Fargo against Citron short report | FleetCor Technologies FLT 1 8 recoups part of yesterday s 5 drubbing caused by Citron s negative report that called FLT a predatory company The report said FLT generates 56 of its revenue from customers rather than from merchants while competitor WEX has a fee structure that generates only 12 of total reven... |
WFC | U S consumer financial protection chief defends agency before Congress | By Pete Schroeder Reuters The U S Consumer Financial Protection Bureau s director defended himself in Congress on Wednesday against a barrage of Republican criticism over everything from the agency s handling of the Wells Fargo NYSE WFC accounts scandal to the way he has personally managed his job Appearing b... |
CMCSA | Sony Pictures taps Hulu CEO to chair TV studio | Reuters Sony Pictures Entertainment has named Mike Hopkins the CEO of Hulu as its new chairman of Sony Pictures Television the company announced Tuesday Hopkins since 2013 has headed Hulu the streaming service owned by Comcast Corp NASDAQ CMCSA Walt Disney Co Time Warner Inc NYSE TWX and Twenty First... |
CMCSA | Comcast 0 5 as revenue narrowly miss video subs drop | Comcast NASDAQ CMCSA is off 0 5 after a Q3 report where EPS came in ahead of expectations but revenues missed slightly and video subscribers dropped as cord cutting continues apace Revenue fell 1 6 but the company noted that excluding last year s Rio Olympics which had an impact of 1 485B revenue would have i... |
CMCSA | iFOREX Daily Analysis December 05 2017 | The US Dollar traded higher against a basket of global currencies with the US Dollar Index USDX closing 0 2 higher This comes after the US Senate narrowly pushed through the Trump s administration tax plan Emerging market currencies showed significant improvement against the Dollar with the South African Rand ZAR... |
WFC | Wells Fargo fails test of community lending bank | WASHINGTON Reuters A U S bank regulator has flunked Wells Fargo N WFC on a national scorecard for community lending the bank said on Tuesday as it tries to repair its reputation after a phony accounts scandal The Office of the Comptroller of the Currency deemed Wells Fargo a bank that needs to improve unde... |
WFC | Wells Fargo to pay 110 million to settle lawsuit over account abuses | Reuters Wells Fargo Co N WFC said it agreed to pay 110 million to settle a lawsuit by customers challenging its opening of accounts without their permission a practice that led to a scandal that cost the bank s chief executive his job The bank said on Tuesday it expects the settlement to resolve claims in ... |
WFC | U S pending home sales surge to ten month high ahead of spring | By Lucia Mutikani WASHINGTON Reuters Contracts to buy previously owned U S homes jumped to a 10 month high in February pointing to robust demand for housing ahead of the busy spring selling season The report on Wednesday from the National Association of Realtors suggested higher home prices and mortgage rates we... |
WFC | Canada s bank oversight in crosshairs after mis selling reports | By Matt Scuffham
TORONTO Reuters Scrutiny of Canada s financial oversight sparked by reports of improper sales practices at the nation s top banks shows its watchdogs lack the muscle and the bite to tackle consumer abuses as aggressively as their U S and European peers
Canada s banking system avoided failures in ... |
CMCSA | FCC head silent on Trump comment about pulling broadcast licenses | By David Shepardson WASHINGTON Reuters A suggestion by President Donald Trump that a U S regulator pull broadcast licenses from TV networks over what Trump calls fake news has been met by silence from the watchdog s head Ajit Pai who has a history of defending free speech rights Pai who was reconfirmed last w... |
CMCSA | FCC chairman rejects Trump suggestion on broadcast licenses | By David Shepardson WASHINGTON Reuters The U S Federal Communications Commission s chairman said Tuesday the agency does not have authority to revoke broadcast licenses despite suggestions from President Donald Trump Ajit Pai a Republican who was named chairman of the telecommunications regulator in January br... |
CMCSA | Snap and NBCUniversal launch studio to produce shows for Snapchat | By Sheila Dang Reuters Snap Inc NYSE SNAP parent company of messaging and video app Snapchat and NBCUniversal launched a joint venture studio on Tuesday to produce scripted shows and other genres to air on Snapchat The two companies have already produced at least three shows for Snapchat in an effort to rea... |
WFC | Fed s Dudley says Wells Fargo scandal shows poor incentives at work | By David Milliken LONDON Reuters A top U S Federal Reserve regulator on Tuesday cited Wells Fargo Co s accounts scandal as evidence that incentives to drive performance remain a problem on Wall Street saying banks had a long way to go to reform their internal operating culture William Dudley president of ... |
WFC | Wells Fargo banks on new ad campaign to regain customer trust | By Tina Bellon NEW YORK Reuters Wells Fargo NYSE WFC Co will launch a new multi channel ad campaign its chief executive said on Tuesday in a further sign of the bank s efforts to regain trust after a sales scandal last year caused a sharp drop in account openings The advertising campaign to begin in mid A... |
WFC | Column Ten fold gain in retirement saving No thanks say Republicans | By Mark Miller
CHICAGO Reuters At the risk of stating the obvious People are much more likely to save for retirement when they can do it automatically at work How much more likely Ten times according to a study released this week
But someone apparently forgot to tell U S Congress and the White House because ... |
WFC | WFC Analyzing Warren Buffett s Biggest Bet | Wells Fargo NYSE WFC is Warren Buffett s largest holding and he first bought into the company in 1989 Buffett owns businesses with lengthy operating histories durable competitive advantages and excellent management teams and Wells Fargo is no exception
Warren Buffett even added to his stake in the company durin... |
WFC | US Existing Home Sales Decline | Sales of previously owned U S homes dropped more than forecast in February after reaching the second highest level since 2007 as low inventory levels continue to limit progress in housing
Closings on existing homes which usually take place a month or two after a contract is signed decreased 7 1 percent to a three m... |
CMCSA | Bloomberg Sprint T Mobile on final approach for deal this month | Sprint S 1 1 and T Mobile TMUS 1 4 are doing final due diligence on a merger likely to be announced with the two companies earnings at the end of the month Bloomberg reports As expected the key hurdle now is setting the exchange ratio in an all stock deal that will determine what Sprint is worth though the... |
CMCSA | Trump suggests challenging TV network licenses over fake news | By David Shepardson WASHINGTON Reuters U S President Donald Trump suggested challenging licenses for NBC and other broadcast news networks following reports by NBC News that his secretary of state had called him a moron after a discussion of the U S nuclear arsenal With all of the Fake News coming out of NBC ... |
WFC | Wells Fargo CEO receives pay bump despite sales scandal | By Tina Bellon NEW YORK Reuters Wells Fargo NYSE WFC Co s board of directors awarded Chief Executive Timothy Sloan 12 8 million for his work last year a 17 percent increase despite scrapping executive bonuses in light of an accounts scandal that rocked the bank last year according to a proxy filing on Wed... |
WFC | House Democrat seeks interviews with Wells Fargo executives | By Sarah N Lynch WASHINGTON Reuters The top Democrat on a key House of Representatives committee has demanded a chance to interview executives of Wells Fargo Co N WFC which has been embroiled in a scandal over fake accounts because she said Republicans already had that opportunity in December In a letter ... |
WFC | Credit card applications drop at Wells Fargo in February | NEW YORK Reuters Wells Fargo Co N WFC saw a drop in consumers opening checking and credit card accounts in February the bank said on Monday marking the sixth straight month of decline since a sales scandal rocked the bank last year Consumers opened 3 percent fewer checking accounts from January and 43 per... |
WFC | US Jobless Claims Rise | The number of Americans filing applications for unemployment benefits rose last week from a three month low in part reflecting the typical swings during holiday periods
Jobless claims increased by 10 000 to 272 000 in the week ended Feb 20 a report from the Labor Department showed on Thursday in Washington The med... |
WFC | US GDP Revised Higher | The U S economy unexpectedly expanded at a faster pace in the fourth quarter than initially estimated reflecting a higher value of business inventories
Gross domestic product the value of all goods and services produced grew at a 1 percent annualized rate compared with an initial estimate of 0 7 percent Commerce... |
CMCSA | Jamie Lee Curtis reprises famous horror role in 2018 s Halloween | LOS ANGELES Reuters Actress Jamie Lee Curtis will reprise her role as the resilient protagonist in 2018 s Halloween Universal Pictures said on Friday 40 years after she made her movie debut in the original horror movie of the same name and became Hollywood s scream queen Curtis 58 will once again play Laur... |
CMCSA | This Is Us Stranger Things stars arrive early for Emmys | By Jill Serjeant LOS ANGELES Reuters Jane Fonda comedians James Corden and Samantha Bee and the young cast of supernatural mystery Stranger Things walked the Emmy red carpet on Sunday ahead of a ceremony expected to crown a slew of new television stars Milo Ventimiglia one of the Emmy nominated stars of heartb... |
WFC | More Wells Fargo customers may be affected by sales scandal filing | By Dan Freed Reuters More Wells Fargo Co N WFC customers may have been affected by a scandal over phony accounts than previously believed the third largest U S lender said in a regulatory filing on Wednesday Wells Fargo had previously estimated that up to 2 1 million customers may have had checking and cre... |
WFC | Wells Fargo names Allen Parker general counsel | Reuters Wells Fargo Co N WFC named Allen Parker general counsel on Monday at a time when the third largest U S lender looks to restore its battered reputation following a scandal over phony accounts Parker succeeds company veteran James Strother who will retire after 30 years with the company the lender... |
WFC | Confronted by market doubts Federal Reserve drove March rate rise expectations | By Jonathan Spicer and Ann Saphir NEW YORK SAN FRANCISCO Reuters Early last week financial markets saw just a 30 percent chance of the Federal Reserve raising interest rates in March but by Friday after a striking series of comments from Fed officials including Chair Janet Yellen traders saw an 80 percent chanc... |
WFC | Wells Fargo demotes senior executives in retail banking unit WSJ | Reuters Wells Fargo Co N WFC has taken further steps to restructure its retail banking business demoting some senior executives within the bank the Wall Street Journal reported on Thursday citing employees and memos
Mary Mack who took over the retail banking unit in July wrote in a memo on Tuesday that ... |
CMCSA | Comcast s shares plunge as company expects drop in video subscribers | Investing com Comcast Corporation s NASDAQ CMCSA shares plunged on Thursday after the company warned that it expects to lose 100 000 150 000 video subscribers in the third quarter versus prior expectations for a gain due to increased competition and Hurricane Harvey
Speaking at Merrill Lynch s investor conferen... |
CMCSA | Comcast also closing Florida Universal parks to let hurricane pass | Comcast CMCSA 1 is also closing its Florida parks ahead of the arrival of Hurricane Irma and like Walt Disney which is battening down Walt Disney World anticipates a two day closure Comcast s Universal Orlando Resort will close most parks starting at 5 p m Saturday and expects to reopen Tuesday after the storm... |
CMCSA | TV viewership drops for NBC S first NFL game | By Sheila Dang Reuters The NFL kickoff game broadcast on Thursday night on NBC a win by the Kansas City Chiefs over the New England Patriots attracted 21 8 million TV viewers down more than 13 percent from last year s opening game data from NBC and Nielsen showed Last year s game between the Carolina Panthers ... |
CMCSA | NFL ratings on hold as Nielsen staff evacuates from storm Irma | By Sheila Dang Reuters The highly anticipated television ratings for the Sunday night NFL win by the Dallas Cowboys over the New York Giants will be delayed because Nielsen evacuated its ratings staff in Tampa Bay Florida ahead of Hurricane Irma the company said on Monday After a disappointing season last year w... |
CMCSA | Comcast 1 2 as Moffett sees value in pullback | Comcast NASDAQ CMCSA is up 1 2 premarket after a boost to Buy from analyst Craig Moffett who thinks the stock has gotten much cheaper since Thursday s warning about declining video subscribership
Shares fell 6 2 Thursday and are down 8 1 overall in those past three trading days making the stock significantly ch... |
WFC | U S house prices to rise analysts wary of deregulation Reuters poll | By Rahul Karunakar Reuters The U S housing market will rise steadily and contribute significantly to economic growth in the coming year according to a majority of analysts in a Reuters poll who nearly all agreed that further stimulus was not required Steady turnover will drive home prices to rise at almost doubl... |
WFC | U S new home sales rebound consumer sentiment dips | By Lucia Mutikani WASHINGTON Reuters New U S single family home sales rose less than expected in January likely held back by heavy rains and flooding in California but continued to point to a strengthening housing market despite higher prices and mortgage rates Other data on Friday showed a dip in consumer sent... |
WFC | Global stocks mixed as Trump offers few policy details dollar firms on rate talk | By Nichola Saminather SINGAPORE Reuters U S stock futures pared gains on Wednesday on disappointment that President Donald Trump did not offer further details on his plans for infrastructure spending and tax reforms but the dollar firmed on growing expectations of a rate hike this month European stock markets we... |
WFC | Wells Fargo says no 2016 cash bonuses for eight senior executives | Reuters Wells Fargo NYSE WFC Co said eight senior executives including Chief Executive Tim Sloan and Chief Financial Officer John Shrewsberry will not receive cash bonuses for 2016 as the bank looks to increase accountability following a sales scandal The three year equity awards made in 2014 will also be... |
CMCSA | AT T considers sale of home security business sources | By Liana B Baker Reuters AT T Inc N T is exploring options for its Digital Life home security business including selling it as it seeks to pay down debt following its planned 85 4 billion acquisition of Time Warner Inc N TWX people familiar with the matter said The divestiture would mark a reversal for ... |
CMCSA | Videotron to build IPTV service off Comcast s Xfinity | Quebecor s Videotron OTC QBCAF OTCPK QBCRF is working on building an IPTV service based on Comcast s NASDAQ CMCSA Xfinity X1 platform The two have entered a strategic partnership agreement to develop the offering As of quarter s end Videotron sported nearly 1 66M cable TV customers 1 597M digital TV subs alo... |
CMCSA | Comcast sues Vermont PUC over franchise conditions | Comcast CMCSA 1 6 has sued Vermont s Public Utilities Commission a month after the agency denied a request to lighten the requirements in its franchise agreement The company requested the removal of requirements tied to network expansion and to public educational and government channels but the PUC rebuffed the ... |
CMCSA | Comcast 6 3 warning of heavy video subscriber decline | Comcast NASDAQ CMCSA has tumbled 6 3 after warning that it expects to lose 100 000 150 000 video subscribers in Q3 vs expectations for a gain a decline it attributes to competition and Hurricane Harvey Speaking at an investor conference Comcast s Matt Strauss says the current quarter is the most competitive ... |
CMCSA | Comcast CMCSA Tops Q3 Earnings Misses Revenues | Comcast Corp NASDAQ CMCSA is the largest cable MSO multi service operator in the U S and a leading media and entertainment company Comcast provides basic video digital video high speed broadband Internet and telephony services to individuals and business enterprises In addition the company provides film... |
WFC | Wells Fargo to oppose nuns on review resolution document | By Ross Kerber BOSTON Reuters The board of Wells Fargo Co plans to oppose a resolution filed by shareholder activists led by the Sisters of St Francis of Philadelphia seeking a review of the root causes of the bank s unauthorized accounts scandal according to a draft document seen by Reuters The draft dated... |
WFC | Wells Fargo sees relatively stable January retail trends | Reuters Wells Fargo Co N WFC saw relatively stable trends in branch banking in January the executive in charge of the unit said on Friday Branch interactions fell 12 percent from December and four percent from January 2016 but other metrics showed growth versus a year ago After factoring in day count ... |
WFC | Wells Fargo fund business on the defensive amid sales scandal | By Tim McLaughlin Reuters When a scandal over unauthorized accounts rocked Wells Fargo Co s N WFC retail division last fall executives at its asset management arm sprang into action to limit its fallout at an already tough time for their business A Reuters review of minutes from about two dozen state and m... |
WFC | Burger King and Tim Hortons owner to buy Popeyes for 1 8 billion | Reuters Restaurant Brands International Inc TO QSR owner of the Burger King and Tim Hortons fast food chains said on Tuesday it would acquire Popeyes Louisiana Kitchen O PLKI for 1 8 billion in cash The deal is a bet by Oakville Ontario based Restaurant Brands that it can use its international reach to int... |
WFC | S P 500 Makes High Of 2050 00 | Last night on the globex open the S P 500 bid higher throughout the Asian and Euro sessions making high of 2050 00 just after 5 00 am CT and maintained a trade near those highs
At the US regular trading hours open the ESH15 traded at 2048 25 and sprung higher to an early print of 2052 25 before trading low the rest ... |
CMCSA | Comcast FX team to offer direct to consumer video | Comcast NASDAQ CMCSA is teaming with another channel to help establish streaming video on demand launching a plan to build a service for FX FOX 0 4 FOXA 0 3 That follows a deal the cableco made with AMC Networks AMCX 0 4 to build AMC Premiere a commercial free service for 4 99 month Comcast and FX wil... |
CMCSA | Sprint T Mobile rumored to have reopened merger talks | Investing com According to Bloomberg T Mobile US Inc NASDAQ TMUS and Sprint have reopened their merger talks now that an exclusive window for Sprint to talk to Charter and Comcast NASDAQ CMCSA has expired
T Mobile and Sprint the number 3 and number 4 wireless providers attempted a merger three years ago but co... |
WFC | U S consumer sentiment falls as election euphoria fizzles | By Lucia Mutikani
WASHINGTON Reuters U S consumer sentiment eased off a 13 year high in early February likely as some of the jubilation over Donald Trump s election victory ebbed but it remained strong enough to suggest that consumers will continue to drive the economy
Confidence surged in the wake of Trump s vi... |
WFC | Wells Fargo sets up artificial intelligence team in tech push | By Anna Irrera NEW YORK Reuters Wells Fargo NYSE WFC Co has created a team to develop artificial intelligence based technology and appointed a lead for its newly combined payments businesses as part of an ongoing push to strengthen its digital offerings Wells Fargo s AI team will work on creating technolog... |
WFC | Robo advisers shrug off U S fiduciary rule hubbub | By Anna Irrera and Elizabeth Dilts
NEW YORK Reuters As century old Wall Street brokerages have agonized over the fate of a major U S regulation on retirement advice younger Silicon Valley counterparts have coolly shrugged their shoulders
At issue is when and how the federal government will implement the so calle... |
WFC | U S producer inflation boosted by higher energy prices | By Lucia Mutikani WASHINGTON Reuters U S producer prices recorded their largest gain in more than four years in January amid increases in the cost of energy products but a strong dollar continued to keep underlying inflation at the factory gate tame Rising raw material costs are boosting producer prices across t... |
WFC | Banks lift stocks U S yields climb after data | By Chuck Mikolajczak NEW YORK Reuters Stocks on major world markets rose further on Wednesday and U S Treasury yields rose after a batch of U S economic data increased the possibility of an interest rate rise by the Federal Reserve U S retail sales rose more than expected in January while other data showed con... |
WFC | All Eyes On U S Q3 GDP | US economic output is widely expected to post substantially slower growth in the government s preliminary estimate of third quarter GDP that s scheduled for release this Thursday Oct 29 Exactly how much deceleration we ll see vs Q2 s strong 3 9 rise real seasonally adjusted annual rate is a matter of some debat... |
WFC | Potential Trades On A Likely Binary Outcome | The recent plunge in Eros International EROS is finally getting some mainstream media attention in the U S This attention finally prodded EROS management to issue about the latest drama in its stock Forbes Asia did it on October 27th From EROS
With reference to letters received from BSE NSE with regards ... |
WFC | Eros Plunge Triggers Adjustments | Eros International N EROS faced the public and once again failed to deliver reassurance EROS management attended the Wells Fargo N WFC Technology Media Telecom Conference on November 11 2016 and the stock promptly plunged By the end of the day the carnage totaled to a 26 loss On the 13th the selling resu... |
WFC | BlackBerry inks hardware licensing deal covering India | TORONTO Reuters BlackBerry Ltd TO BB has signed a hardware licensing agreement covering India and nearby countries the Canadian company said on Monday filling in the last markets where a third party will manufacture its once ubiquitous devices as it turns fully to software
The Waterloo Ontario based company s... |
WFC | Wells Fargo likely to eliminate 2016 bonuses for top executives WSJ | Reuters Wells Fargo NYSE WFC Co s board is likely to eliminate 2016 bonuses for the bank s top executives following the bogus account scandal the Wall Street Journal reported on Wednesday citing people familiar with the matter The board met in late January and discussed withholding bonuses for senior execu... |
WFC | Why go back to junk food diet for retirement investors | By Mark Miller
WASHINGTON Reuters Let s hear it for unhealthy retirement advice
The Donald Trump administration ordered a review last week of a new federal rule prohibiting conflicted advice to retirement savers a move that signals its intention to withdraw or defang the regulation As things stand now companies... |
WFC | Banks Give Up Hopes of Hikes Plow Into Long Dated Treasuries Mortgages | Banks have become convinced the Fed simply isn t going to hike So instead of waiting any longer large banks like Wells Fargo N WFC are plowing billions of dollars into longer dated treasuries and agencies
Simply put
In the years since the crisis the banks have grown used to grappling with higher costs and subdue... |
CMCSA | Channel checks prompt Needham to reiterate Buy on Facebook | Needham has reiterated its Buy rating on Facebook FB 1 6 saying channel checks are pointing to better than expected ad revenue growth particularly as its Instagram is less likely to see real competition from Snap SNAP 2 6 We now believe Facebook is becoming the de facto near monopoly mobile choice for bra... |
WFC | Wells Fargo replaces asset based lending head | Reuters Wells Fargo Co s N WFC asset based lending head Guy Fuchs will resign according to a bank spokesman
Fuchs will be replaced by Ed Blakey a longtime Wells Fargo executive |
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