U.S. FCC paused until Jan. 12 its informal 180-day countdown for the review of the proposed merger of Comcast and Time Warner Cable.» Read More
Plus, Cramer refutes the Ford downgrade, defends Sprint and talks up the under-the-radar spending taking place in telecom.
Stocks advanced Wednesday, with banks rebounding after a sharp selloff in the previous session after both Greece and Portugal had their debt ratings downgraded. Bank of America and JPMorgan were among the early leaders on the Dow. Dell skidded.
With Tuesday's 200-point drop in the Dow Jones Industrial Average breaking its upward run, the markets are due for a correction from their highs, said Scott Redler, chief strategic officer at T3live.com.
The 2-year Greek bond passed a 23 percent yield, which must surely be some kind of selling climax. National Bank of Greece (NBG) is up 10 percent. Meantime, the Greeks are boldly going to the heart of the problem: they have banned short selling of stocks for the next two months.
U.S. stock index futures pointed to a lower open Wednesday in the wake of a sharp selloff in the previous session caused by another Greek debt downgrade, but comments from the Federal Reserve could change momentum later.
What follows is a roundup of corporate earnings reports for Wednesday, April 28.
Wednesday morning before the bell Comcast will be the first of the media giants to report its quarterly earnings.
DISH Network has been largely trading sideways since early March, but options are positioning for shares to rally in the next month.
Premium cable channel Epix has finally signed its first national distribution deal—to Dish Network's 14 million satellite TV customers.
A new report reveals that consumers are spending less on home entertainment—but it's not all bad news. Spending on DVDs, Blu-Ray and digital distribution dropped 8 percent in the first quarter to $4.84 billion, on the heels of a 5 percent drop last year.
GE reports earnings and we expect the results will be another confirmation that this recovery is real and that the gloomy outlook many strategists have should now be reassessed.
From providing better customer service to building stronger consumer connections, the top "tweeting" companies have improved public relations and enhanced their operations.
The FCC took a major hit in the net neutrality war this week, as a court ruling has determined companies can control internet usage on their pipes. So what's next for the FCC?
Comcast CEO Brian Roberts received a base salary of $2.9 million, up 5 percent from 2008, and a performance-based bonus of $8.2 million, up 11 percent. He has agreed to a freeze on his base salary for the next two years.
A federal appeals court ruled on Tuesday that regulators had limited power over Web traffic under current law. The decision will allow Internet service companies to block or slow specific sites and charge video sites like YouTube to deliver their content faster to users. THe New York Times reports.
Markets opened lower on Tuesday ahead of minutes from the Fed's last policy meeting. Leon Cooperman, chairman and CEO of Omega Advisors, shared his insights.
The fear is that a disappointing 3D upgrade will turn off consumers to the pricey 3-D theatrical experience, which runs an average $3 more per ticket.
Hulu, the popular and free online video hub, has some things to celebrate as it heads into its third year. But there are signs of dissatisfaction in Hulu’s house.
As Comcast awaits approval of its acquisition of NBC, the affiliates of rival stations are anxious to ensure that this mega-deal doesn't put them at a disadvantage to NBC. Earlier this week ABC, CBS and Fox affiliates sent a letter to Comcast, asking to set a meeting.
Verizon has invested $29 billion to bring its FIOS Internet and TV service to 18 million homes, and now it's announced it's not going any further.