You’d think, across the board, buybacks should move the needle, right?» Read More
WASHINGTON, March 3- The U.S. Supreme Court said on Monday that online television service FilmOn X LLC cannot intervene in support of competitor Aereo Inc, which is being challenged by the four major U.S. broadcasters over its use of television broadcast signals.
MOSCOW/ PEREVALNOYE, Ukraine, March 3- Russia took a financial hit over its military intervention in neighbouring Ukraine, with its markets and currency plunging on Monday as President Vladimir Putin's forces tightened their grip on the Russian-speaking Crimea region.
*Ukraine border guards say build-up of Russian armoured vehicles near Crimea. KIEV/ BALACLAVA, Ukraine, March 3- Ukraine said Russia was building up armoured vehicles on its side of a narrow stretch of water near the Ukrainian region of Crimea after President Vladimir Putin said he had the right to invade his neighbour, prompting a sell-off in Russian assets.
WASHINGTON, Feb 13- Consumer advocates and U.S. lawmakers are worried that Comcast Corp's proposed $45 billion takeover of Time Warner Cable Inc will create a company with too much power to decide what Americans can watch on television and do online, and they expect intense regulatory scrutiny of the deal.
Everyone was pretty surprised by the huge deal, says Leslie Moonves, CBS president & CEO, discussing the deal for Comcast to acquire Time Warner Cable.
Comcast Chairman and CEO Brian Roberts said he's confident the deal to acquire Time Warner Cable will be approved.
Some of the names on the move ahead of the open.
LOS ANGELES, Feb 12- CBS Corp reported higher profit that beat Wall Street forecasts for the quarter that ended in December, boosted by revenue from digital streaming deals and fees from pay television operators.
Cisco and Whole Foods Market are among those moving after the bell Wednesday.
LOS ANGELES, Feb 12- CBS Corp recorded higher profit for the quarter that ended in December, boosted by the syndication of hit shows including "Hawaii Five-O" and "Blue Bloods" and new digital streaming deals.
CBS is reporting Q4 EPS of $0.78 ex-items on revenue of $3.91 billion, reports CNBC's Julia Boorstin. The company also announced plans for a $1.5 billion stock buyback program.
U.S. stock index futures were mixed on Wall Street after stocks surged on the reassurances of Federal Reserve Chair Janet Yellen.
The Dow closed at 15,994, a gain of 1.2 percent. The Nasdaq was up 1 percent at 4,191, higher on the year but still off its January highs.
The Fed chair's first testimony before Congress is the big event for markets in the week ahead, as traders sift through economic data.
The four publishers that have agreed to the deal include Lagardere SCA's Hachette Book Group Inc; News Corp's HarperCollins Publishers LLC; CBS Corp's Simon& Schuster Inc, and Verlagsgruppe Georg von Holtzbrinck GmbH's Macmillan. Last year, a U.S. District Court judge ruled that Apple Inc had conspired with five major publishers to raise e-book prices.
This is Talking Squawk, the official "Squawk Box" blog, providing tidbits, insights and some sarcastic reflections.
Some of Wednesday's midday movers:
CBS will air eight Thursday night National Football League games during the 2014 season.
President Barack Obama still wants to hear from other federal agencies before deciding whether to accept the State Department's finding that the Keystone XL pipeline would have no major impact on climate change, his top aide said on Sunday.
WASHINGTON, Jan 30- Federal Reserve Chairman Ben Bernanke departs the U.S. central bank on Friday after eight largely turbulent years in which he guided the economy through the most virulent financial crisis and recession since the Great Depression. Oct. 24, 2005- President George W. Bush nominates Bernanke to be Fed chairman.