April 16- CBS Corp said on Wednesday that the Internal Revenue Service gave a favorable ruling to the company's plan to convert its outdoor advertising subsidiary, CBS Outdoor Americas Inc, into a real-estate investment trust. Media conglomerate CBS holds an 81 percent stake in CBS Outdoor, which went public in late March.
March 28- Shares of CBS Outdoor Americas Inc rose 9 percent in their trading debut, valuing the company carved out of broadcaster CBS Corp at $3.65 billion as it steps up its efforts to grab more advertising dollars for its billboards. The offering, which raised $560 million, reduced CBS Corp's stake in CBS Outdoor to 83 percent.
NEW YORK, March 28- CBS Outdoor Americas' top executive says he plans to convince top advertisers to move more of their dollars toward billboards and other displays as the company splits from media broadcaster CBS on Friday.
CBS Outdoor, part of media conglomerate CBS Corp, expects its offering of 20 million shares to be priced between $26 and $28 each, the company said in a filing with the U.S. Securities and Exchange Commission on Monday.
U.S. stock index futures were slightly lower Wednesday, after the Dow and S&P 500 hit record highs in the previous session, and as investors largely shrugged off a better-than-expected trade data from China.
CBS' stock rocketed on Thursday, as investors applauded the media company's move to convert its outdoor advertising business to a real estate investment trust, while divesting itself of its international portfolio.
_ it's billboards to speak out against a Pittsburgh City Council plan to tax the message board. Lamar Advertising of Baton Rouge, La., is targeting the council members who are proposing the 10- percent tax, Natalia Rudiak and Darlene Harris.
Oct 4- Lamar Advertising Co:. *Deutsche Bank starts Lamar Advertising with buy rating; target price. Reuters Station users, click. 1568 For a summary of rating and price target changes on Canadian companies:.
Hedge funds took profits in large cap consumer discretionary stocks in the fourth quarter of 2011 and put more money to work in the tech sector, which has been the top performer so far this year.
What follows is a look at stocks in the S&P 1,500 displaying unusual volume in Thursday's trading session.
Convinced that the "gauntlet" of bad data is over and the Greek debt crisis is "largely behind" us, JPMorgan Chase is looking for a "summer of cyclicals" that will push the stock market higher by 6 percent in just the next two months or so.
Markets opened higher on Monday, continuing two weeks of gains. Will the markets continue to rise or should investors start to be cautious? Chuck Akre, portfolio manager at Akre Focus Fund, and Uri Landesman, head of global growth at ING Investment Management, shared their market outlooks.
Following are the day’s biggest winners and losers. Find out why shares of Burlington Northern and AIG popped while Kraft Foods dropped.
Following are the day’s biggest winners and losers. Find out why shares of IMS Health and Lamar Advertising popped while American Eagle and Whole Foods Market dropped.
Focus Media is seeing some heavy options trading as its stock spikes more than 20 percent Wednesday afternoon. Shares in the company, which operates an outdoor advertising network in China, were trading as low as $6.62 just Friday — but have gone as high as $9.18 today...
Coming off the worst week ever where volatility continues to rule, enhanced by options expiration Friday, the major indexes are all up about 4% or greater for the week.
The market is turning -- and Andrew Peck is in stocks for the long haul. The portfolio manager for the Baron Asset Fund offers his philosophy, holdings and new buys. (Part 2)
Like many portfolio managers, T. Rowe Price's Henry Ellenbogen remains a big fan of tech darling Google
Is Countrywide too big to fail? Also, Cramer's take on Lamar Advertising and PDL BioPharma.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Following are the days biggest winners and losers. Find out why shares of Ford (F), Hansen Natural (HANS) and Lehman Bros (LEH) popped while Charming Shoppes (CHRS) and Leap Wireless (LEAP) dropped.