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Reuters - 6 days ago

Immovable TV empire calls for irresistible force

BREAKINGVIEWS-Immovable TV empire calls for irresistible force The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Jonathan Guilford NEW YORK, Aug 8 (Reuters Breakingviews) - Warner Bros Discovery WBD.O boss David Zaslav has lost the benefit of any doubt. To belatedly commemorate the recent two-year anniversary of the mega-merger that created the TV empire, he delivered shareholders a $9 billion impairment on the networks.
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Reuters - 6 days ago

Warner Bros Discovery slides as $9 bln write-down points to TV woes

UPDATE 1-Warner Bros Discovery slides as $9 bln write-down points to TV woes Adds analyst comment in paragraph 8, updates share movement in paragraph 1 Aug 8 (Reuters) - Shares of Warner Bros Discovery WBD.O plunged more than 11% on Thursday after a $9.1 billion write-down of the media giant's TV assets sparked doubts about its broadcasting business.
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Reuters - 1 week ago

SKY Brasil parent launches fintech targeting suppliers with $178 mln investment

SKY Brasil parent launches fintech targeting suppliers with $178 mln investment By Kylie Madry Aug 8 (Reuters) - SKY Brasil's parent company will launch a fintech in the South American nation initially targeting small businesses that work with the telecommunications firm, with a 1 billion real ($177.83 million) investment over the next two years, the groups said on Thursday.
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Reuters - 1 week ago

Warner Bros Discovery slides as $9 bln write-down highlights TV woes

Warner Bros Discovery slides as $9 bln write-down highlights TV woes Aug 8 (Reuters) - Shares of Warner Bros Discovery WBD.O plunged 12% in premarket trading on Thursday after a $9.1 billion write-down of the media giant's TV assets sparked fresh concerns about its traditional broadcasting business. The company reported a $10 billion net loss for the second quarter due to the write-down and missed Wall Street estimates for quarterly results, overshadowing strong streaming subscriber growth thank
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Reuters - 1 week ago

Italy - Factors to watch on August 5

Italy - Factors to watch on August 5 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS (*) The foreign ministers of the Group of Seven (G7) major democracies called on all parties involved in the current conflict in the Middle East to avoid actions that could lead to an escalation, Italy's fo
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Reuters - 2 weeks ago

Sustainable Finance Newsletter - Wall Street yawns at new hacking disclosures

Sustainable Finance Newsletter - Wall Street yawns at new hacking disclosures By Ross Kerber July 31 (Reuters) - A massive loss of customer data from AT&T was one of the incidents that has turned up in new federal cybersecurity disclosures that companies are required to file. But AT&T's filing suggested little lasting financial impact, and investors shrugged off the matter.
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Reuters - 2 weeks ago

T-Mobile lifts subscriber addition target on demand for premium bundled plans

UPDATE 3-T-Mobile lifts subscriber addition target on demand for premium bundled plans Adds executive comment in paragraph 6, details from release in paragraph 13 By Harshita Mary Varghese July 31 (Reuters) - T-Mobile US TMUS.O raised its full-year forecast for monthly bill-paying phone subscriber additions, after s eeing more customers than expected in the second quarter on strong demand for its discounted unlimited plans that include streaming perks.
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Reuters - 2 weeks ago

T-Mobile raises annual forecast for subscriber additions on bundled data plans demand

T-Mobile raises annual forecast for subscriber additions on bundled data plans demand July 31 (Reuters) - T-Mobile US TMUS.O raised its full-year forecast for monthly bill-paying phone subscriber additions on Wednesday as more customers opted for its discounted unlimited plans that include streaming perks. As competition builds in the telecom sector, carriers in the United States have turned to bundling streaming services with high-speed internet plans to bring in more customers who are looking
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Reuters - 2 weeks ago

American Tower raises annual forecast for key profit metric on strong leasing demand

American Tower raises annual forecast for key profit metric on strong leasing demand July 30 (Reuters) - Real estate investment trust American Tower AMT.N raised its forecast for annual adjusted funds from operations (AFFO) and beat second-quarter revenue estimates on Tuesday, helped by strong demand for its leasing business. Demand for land leases has surged as telecom carriers contin ue to expand their 5G and mobile network infrastructure to meet mounting customer needs.
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Reuters - 2 weeks ago

Charter to pay $15 million to resolve US probe into network outage rules

UPDATE 1-Charter to pay $15 million to resolve US probe into network outage rules Adds other wireless outages, Charter comment in paragraphs 4-9 By David Shepardson WASHINGTON, July 29 (Reuters) - Charter Communications CHTR.O will pay a $15 million civil penalty to resolve an investigation into compliance with network and 911 outage notification rules, the Federal Communications Commission said on Monday.
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Reuters - 2 weeks ago

SBA Communications cuts annual revenue forecast, signals slower 5G leasing activity

SBA Communications cuts annual revenue forecast, signals slower 5G leasing activity July 29 (Reuters) - Wireless tower operator SBA Communications SBAC.O trimmed its annual revenue forecast again on Monday, after missing Wall Street estimates for second-quarter revenue, indicating a slower 5G leasing activity. Shares of Florida-based SBA Communications fell more than 4% in extended trading.
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Reuters - 3 weeks ago

US equity funds attract inflows, defying a tech selloff

GRAPHIC-US equity funds attract inflows, defying a tech selloff July 26 (Reuters) - U.S. investors continued to pump money into equity funds in the seven days to July 24, shrugging off a technology sector selloff to focus on robust corporate earnings and the possibility of upcoming Federal Reserve interest rate cuts. According to LSEG data, investors acquired U.S.
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Reuters - 3 weeks ago

Street View: AT&T's convergence strategy sets firm for long-term growth

BUZZ-Street View: AT&T's convergence strategy sets firm for long-term growth By Reshma Rockie George ** Telecom operator AT&T T.N exceeded market expectations for wireless subscriber additions in Q2 as its higher-tier unlimited plans attracted customers ** Median PT of 29 brokerages covering stock is $20.29 - LSEG data CONVERGENCE OF FIBER AND 5G N
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Reuters - 3 weeks ago

U.S. Edwards Lifesciences, National Bank Holdings, Sage Therapeutics

U.S. RESEARCH ROUNDUP-Edwards Lifesciences, National Bank Holdings, Sage Therapeutics July 25 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including Edwards Lifesciences, National Bank Holdings and Sage Therapeutics, on Thursday. HIGHLIGHTS * Edwards Lifesciences Corp EW.N : JP Morgan cuts to neutral from overweight * National Bank Holdings Corp NBHC.N : Piper Sandler cuts to neutral from overweight * Sage Therapeutics Inc S
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Reuters - 3 weeks ago

US Justice Dept backs reviving DirecTV lawsuit over transmission fees

US Justice Dept backs reviving DirecTV lawsuit over transmission fees By Mike Scarcella July 24 (Reuters) - The U.S. Justice Department has asked a federal appeals court to reinstate a lawsuit by satellite television provider DirecTV accusing Nexstar Media and two other television station owners of scheming to drive up retransmission fees for distributing content to viewers.
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Reuters - 3 weeks ago

S&P and Nasdaq close at multi-week lows as Tesla, Alphabet weigh heavily

US STOCKS-S&P and Nasdaq close at multi-week lows as Tesla, Alphabet weigh heavily S&P 500 snaps 356-session run without a 2% decline Worst single-day performance for Nasdaq since October 2022 Tesla posts largest daily fall since Sept. 2020 on earnings Indexes down: Dow 1.25%, S&P 2.31%, Nasdaq 3.64% Updates with closing prices By David French July 24 (Reuters) - The S&P 500 and Nasdaq ended at multi-week lows on Wednesday, with the S&P snapping one of its longest streaks without a daily decline
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Reuters - 3 weeks ago

S&P and Nasdaq end at multi-week lows with Tesla, Alphabet weighing

US STOCKS-S&P and Nasdaq end at multi-week lows with Tesla, Alphabet weighing S&P 500, Dow hit multi-week lows Visa falls after missing revenue growth forecasts AT&T rises after beating subscriber-addition estimates Enphase Energy up after results Updates to close By David French July 24 (Reuters) - The S&P 500 and Nasdaq closed at multi-week lows on Wednesday, as lackluster earnings from Tesla and Alphabet undermined investor confidence in megacap tech names that had previously driven 2024's eq
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Reuters - 3 weeks ago

S&P 500 top and bottom performing stocks at about 03:30 p.m. EDT

BUZZ - S&P 500 top and bottom performing stocks at about 03:30 p.m. EDT S&P 500 .SPX Top Performers Percent Change Enphase Energy Inc ENPH.OQ +13.3% AT&T Inc T.N +5.2% Nextera Energy Inc NEE.N +4.8% Bristol-Myers Squibb Co BMY.N +4.0% Seagate Technology Holdings PLC STX.OQ +3.7% Bottom Performers Percent Change Lamb Weston Holdings Inc LW.N -27.8%
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Reuters - 3 weeks ago

S&P and Nasdaq fall to multi-week lows as Tesla, Alphabet weigh

US STOCKS-S&P and Nasdaq fall to multi-week lows as Tesla, Alphabet weigh S&P 500, Dow hit multi-week lows Visa falls after missing revenue growth forecasts AT&T rises after beating subscriber-addition estimates Enphase Energy up after results Indexes down: Dow 0.85%, S&P 1.8%, Nasdaq 3% Updated at 2.04 p.m. ET/ 1804 GMT By Lisa Pauline Mattackal and David French July 24 (Reuters) - The S&P 500 and Nasdaq slumped to multi-week lows on Wednesday after Tesla and Alphabet disappointed with lacklust
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Reuters - 3 weeks ago

U.S. STOCKS Tesla, Lamb Weston, Blackstone Mortgage Trust

BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Lamb Weston, Blackstone Mortgage Trust Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The Nasdaq plummeted to a one-month low on Wednesday after Tesla and Alphabet disappointed with lackluster earnings, prompting investors to question if the Big Tech and AI-fueled 2024 equity rally was sustainable in the long run.
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