Television networks which broadcast NFL games stand to lose plenty of programming if the NFL lockout extends into the season. They also could lose money, even if they don't have to pay rights fees and production costs, says a new report by credit rating agency Standard & Poor's.
As the markets plummet Netflix is a rare bright spot in a sea of red — the subscription movie service is now trading up more than 7.5 percent. Netflix is bucking the trend thanks to an upgrade from Goldman Sachs, which raised its rating from 'buy' to 'neutral,' and lifted its price target to $300. That's still a good $50 more than where it's trading now.
Sheen joined Twitter yesterday and within hours amassed hundreds of thousands of followers before he sent a single tweet. Now he claims nearly 900,000 followers, making him one of the fastest-rising Tweeters ever. But Sheen didn't make this move on his own.
The NFL lost a major piece of leverage in the labor negotiations last night when federal judge David S. Doty ruled that the NFL's extensions with its television partners, that included payments made even during a work stoppage, were not negotiated in good faith.
The company's fiscal fourth quarter loss was worse than expected — 30 cents, two cents more than analysts projected. And while revenue came in a hair above the average estimate — $41.4 million — down 9 percent from the year-ago quarter.
What follows is a roundup of corporate earnings reports for Wednesday, Feb. 23
Stocks ended lower Wednesday, extending losses from the previous session, as oil briefly crossed the $100 mark and investors continued to worry over over the political unrest in Libya.
Stocks were under pressure Wednesday, extending the previous day's sharp losses, as oil briefly crossed the $100 mark and investors remained jittery over the political unrest in Libya.
Stocks continued to slide lower for a second session Wednesday, extending the previous day's sharp losses, as investors digested a handful of weak earnings and remained jittery over the political turmoil in Libya.
Stock index futures pointed to a slight rebound for Wall Street on Wednesday after stocks tumbled in the previous session amid growing concern over the political turmoil in Libya, where Moammar Gaddafi vowed to crush the revolution.
The 3D TV market just got a little more exciting. On Sunday, '3net' launched in 18 million homes from Discovery, Sony and Imax. And on Monday, as a Valentine’s gift to sports fans, ESPN launched on DirecTV, Comcast and Time Warner Cable. This brings the total number of 3D networks to three, including DirecTV's 'N3d' channel, launched last year in partnership with Panasonic.
Fourth-quarter earnings per share could be artificially boosted by stock buybacks for the first time since 2007, Howard Silverblatt, senior index analyst at Standard & Poor’s told CNBC.com.
Stocks closed off session highs, yet the Dow still hit its highest level since before Lehman Brothers collapsed as Treasury yields soared in the wake of the Federal Reserve's reaffirmation of its decision to buy bonds to stimulate the economy. AT&T and Kraft rose, while JPMorgan fell.
Stocks trimmed some gains but remained mostly higher Tuesday after the Federal Reserve reaffirmed its decision to buy bonds to stimulate the economy and left short-term interest rates unchanged. Kraft and Microsoft rose, while JPMorgan fell.
Stocks continued to trade higher Tuesday after a handful of mostly strong economic reports, and despite weak earnings from leading electronics retailer Best Buy, as investors await news from the Federal Reserve's meeting this afternoon. Boeing and Cisco rose, while JPMorgan fell.
Mark Cuban is feeling good about the media landscape: I sat down with him in an exclusive interview at the UBS Media & Communications conference and he's optimistic about cable, bullish on Netflix and eager to invest in the next generation of Internet entrepreneurs.
Stocks surged to two-year highs on Thursday as all the major indexes rose beyond their closing highs for the year in the wake of the Federal Reserve's decision to buy $600 billion in Treasury bonds to boost the economy and news that President Obama said he was open to extending the Bush-era tax cuts to all income levels. JPMorgan and BofA gained.
What follows is a roundup of corporate earnings reports for Thursday, Nov. 4.
Despite reporting earnings that were just in line with expectations, DirecTV shares have been trading off about 3 percent all day. Why? The satellite TV provider's earnings were in line with expectations, but the stock has gained 15 percent since August, without a pause.
Stocks continued to soar to new highs for the year Thursday, with banks getting a boost from news the Fed will allow "healthy" institutions to raise their dividends. BofA and JPM gain.