Stocks snapped a three-day losing streak Thursdayas a trio of encouraging economic reports — the Philadelphia Federal Reserve's manufacturing report, leading indicators and weekly jobless claims — fueled recovery hopes.
Stocks advanced Thursday as a trio of encouraging economic reports — the Philadelphia Federal Reserve's manufacturing report, leading indicators and weekly jobless claims — fueled recovery hopes.
Stocks advanced Thursday after an encouraging report on manufacturing from the Philadelphia Federal Reserve.
Futures popped a few points as continuing claims for unemployment recorded its first weekly drop since January. While last week was a record high (about 6.8 m), this at least is a step in the right direction.
US stock index futures were flat Thursday as investors digested the Obama Administration’s changes to financial regulation and looked toward key economic reports including jobless claims.
Cramer makes the call on viewers' favorite stocks.
Being an independent studio rather than part of a media conglomerate, isn't helping Lionsgate avoid pink slips. The movie studio announced Friday that it's cutting 45 jobs.
Carl Icahn is very nice and friendly until he's not," Lionsgate Vice Chairman Michael Burns said to me about the corporate raider's move on the movie studio.
Its obvious the studios are telling their execs to pull back on expense account spending. Just look at the crowds — or rather the lack thereof — at some of LA's most popular restaurants.
Despite the pullback in consumer spending and the ever-declining stock market, Americans continue to shell out big bucks at the box office.
Lions Gate Entertainment is the unexpected buyer of the TV Guide Network and TVGuide.com for $255 million from Macrovision Solutions. Just last month Macrovision announced it struck a deal to sell the divisions to media entrepreneur Allen Shapiro and a division of JP Morgan Chase for as much as $300 million.
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YouTube has been working to define itself not just as a destination for home videos, but also the go-to site for professionally-created TV shows and movies.
Carl Icahn's recent increased investment in Lions Gate shares isn't the only news resulting from the company's low stock price. On October 10 the stock dipped below $6, triggering a margin call by Merrill Lynch for Vice Chairman Michael Burns, selling 672,000 shares of his stock, 49 percent of his stake in the company, recorded in a Form 4 filed on October 14.
In the entertainment industry it's almost impossible to consistently churn out profitable hits. But Tyler Perry, a writer/producer/director/actor has done it, and this weekend he's on track to continue his wining streak.