Dish Network plans to put TV online before the Fall season, but content providers have conditions, and Verizon and AT&T are nipping at its heels.» Read More
Ssome of Friday's midday movers:
Feb 21- Dish Network Corp, the second largest U.S. satellite TV company after DirectTV, reported a 38 percent rise in fourth-quarter profit as it generated more revenue per user. Chairman Charlie Ergen has said he is keeping all options open, including acquiring T-Mobile US, building a wireless network and selling Dish's spectrum.
Feb 21- Dish Network Corp, the second-largest U.S. satellite TV company after DirecTV, reported a 38 percent rise in profit for the fourth quarter as it added a net 8,000 pay-TV subscribers. Net income attributable to the company rose to $288 million, or 63 cents per share, in the quarter ended Dec. 31, from $209 million, or 46 cents per share, a year earlier.
January's existing home sales are expected to show a decline of 3.5 percent to 4.7 million, and nobody will be surprised if it is worse.
Some of the names on the move ahead of the open.
With more storms coming, traders will be plowing through economic reports for the impact of winter weather on the economy and corporate profits.
The company eliminated its holdings of Dish Network and GlaxoSmithKline, and trimmed its holdings in several other names.
Comcast’s bid for Time Warner Cable comes amid seismic change, with consumers abandoning cable and instead streaming TV shows online.
Legally troubled hedge fund manager Phil Falcone officially has help to salvage his once-$23 billion Harbinger Capital Partners.
Disney has a reputation for beating expectations, and Wall Street is expecting an impressive quarter when earnings are announced after the closing bell.
New York, Feb 3- An investment vehicle owned by Dish Network Corp Chairman Charles Ergen is joining an existing lender group to extend $33 million in financing to bankrupt wireless company LightSquared, court filings show. LightSquared's equity owner, Phil Falcone's Harbinger Capital Partners, is fighting to keep control of the company in a messy bankruptcy.
NEW YORK, Jan 31- LightSquared Inc and its various creditors are in talks to devise a consensual plan to restructure the wireless company's assets and end its bankruptcy, the company told a judge on Friday.
Jan 28- Comcast Corp on Tuesday reported that it added more video subscribers than expected in the fourth quarter and beat cash flow estimates at its NBC Universal media unit, sending shares up more than 1 percent.
Jan 27- DirecTV and Dish Network Corp. Technology to deliver customized ads is widely used online by companies such as Google and Facebook Inc, but is only now starting to be offered by TV operators.
Jan 21- Verizon Communications Inc's acquisition of Intel Corp's venture to create a web-based TV service may be the catalyst that pushes U.S. cable players to start similar products to fend off fast-growing video rivals such as Netflix Inc and Amazon.com Inc..
NEW YORK, Jan 16- Phil Falcone, the billionaire investor whose Harbinger Capital Partners owns wireless satellite company LightSquared, said Thursday he expended considerable energy in 2012 and 2013 trying to work out who was buying up LightSquared's debt.
NEW YORK, Jan 15- A hedge fund manager who handled debt purchases at the center of a trial over LightSquared's bankruptcy said on Wednesday he did not recall whether Dish Network Corp Chairman Charles Ergen was buying the debt to influence the bankruptcy.
NEW YORK, Jan 13- Dish Network Corp Chairman Charles Ergen said on Monday he had bought LightSquared's secured debt because it was a "great investment," and said he did so on his own behalf and not for Dish.
NEW YORK, Jan 9- Satellite television company Dish Network Corp has withdrawn its $2.2 billion bid to buy bankrupt wireless broadband company LightSquared Inc, throwing the future of LightSquared's valuable spectrum rights into further doubt.
NEW YORK, Jan 9- Satellite TV provider Dish Network Corp has pulled its bid to buy bankrupt wireless spectrum provider LightSquared Inc, a lawyer said in court on Thursday. Dish had put in a bid of $2.2 billion for LightSquared, but its efforts were opposed by LightSquared lenders and the telecom firm's controlling shareholder, Harbinger Capital Partners.