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Market Wrap-Up for May 22 (TGT, NTAP, AEO, INTU, more)

Wed, 22 May 2013 16:00:52 -0400

Federal Reserve chairman Ben Bernanke’s testimony in front of the Congress’ Joint Economic Committee was closely watched by investors and Wall Street analysts, as most are curious about the future of the Fed’s quantitative easing (QE) program. As expected, Bernanke’s comments mostly mirrored his dovish policies, pleasing most investors who shot the averages into positive [...]

Meet The Rights Fees Responsible For ESPN's Layoffs

Wed, 22 May 2013 14:10:29 -0400

Sports media giant ESPN has become something of a monopoly in terms of American sports broadcasting. The $40 billion network seems to gobble up every piece of televised sports property it can get its hands on, leaving CBS, NBC and Fox to fight over the scraps. Though obviously costly, the rampant rights buying has always made it appear that cost was no issue for the Disney-owned network. News of company layoffs this week suggests that is hardly the case.

Disney-Pixar's "Monsters University" Hits Campus with Music from Randy Newman and Axwell & Sebastian Ingrosso of Swedish House Mafia

Wed, 22 May 2013 12:00:00 -0400

"Monsters University" Original Motion Picture Soundtrack Set for Release on June 18

ESPN to Lay Off Hundreds of Employees on Higher Fees (DIS)

Wed, 22 May 2013 10:40:22 -0400

The Walt Disney Company (DIS) reported on Wednesday that ESPN will layoff hundreds of employees due to higher sports programming fees. The sports channel reported that it plans to lay off hundreds of its 7000 total employees. The company did not announce which types of positions would be eliminated. ESPN noted, “we are implementing changes [...]

Disney Channel Pulls Episode Over ‘Food Allergy’ Uproar

Wed, 22 May 2013 09:18:42 -0400

ESPN (DIS) to Cut Jobs Amid Shift in Pay-TV Dynamics

Wed, 22 May 2013 09:06:43 -0400

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=8361375 for the full story.

ESPN Cutting Up to 400 Jobs

Wed, 22 May 2013 06:41:27 -0400

Benzinga Market Primer: Wednesday, May 22

Wed, 22 May 2013 06:34:04 -0400

The markets reached another record high Tuesday as the Dow added 50 points and the S&P, nearly three points. All eyes will be on Fed Chairman Ben Bernanke’s testimony at 10:00 am EST Wednesday.

Morning News

S&P 500 futures are up 1.75 points to 1667.25. The EUR/USD was up at 0.19 percent to

Top 4 Large-Cap Stocks In The Entertainment-Diversified Industry With The Highest ROA

Wed, 22 May 2013 04:38:20 -0400

Below are the top large-cap entertainment-diversified stocks on the NYSE and the NASDAQ in terms of return on assets.

The trailing-twelve-month return on assets at The Walt Disney Company (NYSE: DIS) is 7.40%. Disney's operating margin for the same period is 21.19%.

The trailing-twelve-month return on assets at Time Warner

Media Digest: Reuters, WSJ, NYT, FT, Bloomberg

Wed, 22 May 2013 02:52:00 -0400

DailyFinance.com: Sony Corp. (NYSE: SNE) cuts forecasts for game console margins for the next several years. (MarketWatch) Sony also cuts targets for smartphones and camera sales. (Reuters) A complex Irish tax loophole helps Apple Inc. (NASDAQ: AAPL) save billions in ... Read more

“Discover” this Breakout Candidate Before the Analysts

Wed, 22 May 2013 01:51:18 -0400

CBS takes key ratings crown for first time in 21 years

Tue, 21 May 2013 18:03:22 -0400

May 21 (Reuters) - Broadcast network CBS said on Tuesday it won this season's ratings race among the 18-to-49 age group most prized by advertisers, claiming its first victory in that audience in 21 years.

UPDATE 1-Court revives lawsuit vs Electronic Arts over video game image

Tue, 21 May 2013 17:10:18 -0400

May 21 (Reuters) - A divided federal appeals court has revived a lawsuit against Electronic Arts Inc by a former Rutgers University star football quarterback, who accused it of using his image in a video game without permission.

Disney-owned ESPN cutting hundreds of jobs: source

Tue, 21 May 2013 16:36:46 -0400

ESPN, the sports channel that is Walt Disney Co's most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a person with knowledge of the cuts said.

Disney-owned ESPN cutting hundreds of jobs - source

Tue, 21 May 2013 16:29:05 -0400

May 21 (Reuters) - ESPN, the sports channel that is Walt Disney Co's most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a person with knowledge of the cuts said.

ESPN giving the axe to staffers as Disney stock hits highs

Tue, 21 May 2013 14:03:40 -0400

The bloodbath at the Walt Disney Co. continues. ESPN just announced that it is laying off 400 U.S.-based employees in efforts to improve profitability, according to Deadspin which originally broke the story...

Streetinsider.com's Hot Lunchtime Reads 05/21: (DIS) (JCP) (VOD) (PNR)

Tue, 21 May 2013 12:31:50 -0400

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=8358499 for the full story.

Disney (DIS) to Cut Jobs at ESPN - Bloomberg

Tue, 21 May 2013 12:17:25 -0400

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=8358462 for the full story.

Carnival Is Taking on Water, But Don’t Abandon Ship

Tue, 21 May 2013 07:51:30 -0400

UPDATE 1-NBC News looks to Britain for its new president

Mon, 20 May 2013 15:24:06 -0400

May 20 (Reuters) - Deborah Turness, a former top TV news editor in Britain, will take over as NBC News president in August, at a time when it is looking to turn around the fortunes of its news division.

'Star Wars' to bring 'Rebels' to new animated Disney TV series

Mon, 20 May 2013 13:23:34 -0400

LOS ANGELES, May 20 (Reuters) - Disney said on Monday it will produce a new "Star Wars" animated series to air on television in the fall 2014, giving fans of the science-fiction franchise fresh stories before the next live-action film hits theaters in 2015.

Rentrak Announces Top DVD & Blu-ray Sales And Rentals For Week Ending May 12, 2013

Mon, 20 May 2013 12:54:00 -0400

Here Come Hollywood's Wannabe Summer Blockbusters

Mon, 20 May 2013 11:47:35 -0400

With The New York Times reporting Friday that “a record number of big-budget action-and special effect-laden blockbusters” are set to open between May and the end of August, Hollywood’s tactic this summer appears to be “shock and awe” versus a more measured approach.

It’s all about that financially lucrative “young

Is Buying A Stake In Hulu A Good Idea For Time Warner Cable?

Mon, 20 May 2013 10:35:10 -0400

“Star Trek Into Darkness” Misses Estimates on Opening Weekend (VIAB)

Mon, 20 May 2013 10:04:18 -0400

Entertainment company, Viacom, Inc. (VIAB) reported impressive sales for its latest Star Trek film release, but still missed estimates for the movie’s opening weekend. The highly anticipated Star Trek Into Darkness brought in $84.1 million in sales during the first four days after its release on May 15, but came in below analysts estimates of [...]

New Animated ‘Star Wars’ TV Series Coming Fall 2014

Mon, 20 May 2013 09:48:47 -0400

Earnings Look Back: Walt Disney Is Up 0.8% Since Reporting Quarterly Results 1 Week Ago (DIS)

Mon, 20 May 2013 08:50:00 -0400

PRESS DIGEST-New York Times business news - May 20

Mon, 20 May 2013 01:40:35 -0400

May 20 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

Disney stands behind sexy new ‘Brave’ look

Sun, 19 May 2013 20:15:04 -0400

UPDATE 1-'Star Trek' sequel tops weekend box office in North America

Sun, 19 May 2013 16:25:48 -0400

May 19 (Reuters) - "Star Trek Into Darkness," the newest installment in the classic intergalactic franchise, blasted to the top of movie box office charts with $70.6 million in weekend ticket sales at theaters in the United States and Canada.

The top films at the North American box office

Sun, 19 May 2013 14:12:51 -0400

May 19 - Following are the top 10 movies at North American box offices for the three-day weekend starting May 17, led by "Star Trek Into Darkness" at No. 1, according to studio estimates compiled by Reuters. 1 (*) Star Trek Into Darkness.............$ 70.6 million 2 (1) Iron Man 3..........................$ 35.2 million 3 (2) The Great Gatsby....................$ 23.4 million 4 (3) Pain & Gain.........................$ 3.1 million 5 (5) The Croods................

'Star Trek' sequel tops weekend box office in North America

Sun, 19 May 2013 12:52:23 -0400

May 19 (Reuters) - Sci-fi movie "Star Trek Into Darkness" journeyed to the top of weekend box office charts as the latest voyage of the Starship Enterprise pulled in $70.6 million at U.S. and Canadian theaters.

As TV Migrates Online, Cable's Under Pressure

Sun, 19 May 2013 12:12:17 -0400

It's a long time coming, but TV content is showing up on non-TV screens like never before, and people are willing to pay for it. Whatever will become of cable?

Bangladesh court orders action against factory owner in Nov fire

Sun, 19 May 2013 09:58:52 -0400

DHAKA, May 19 (Reuters) - A Bangladesh court on Sunday banned the owner of a garment factory that was destroyed in a fire in November from leaving the country as anger builds up over a string of deadly incidents in which thousands have died.

Can You Think of 9 Companies with Stellar Customer Service?

Sat, 18 May 2013 15:59:24 -0400

Everyone has read about the customer service horror stories that plague every industry in existence. From automobiles and technology to food service and healthcare, no industry is safe from the dangers of disappointed customers.

Some companies are smart, however. They know how to treat customers with more than a smile

(T) AT&T Slashes Smartphone Prices

Sat, 18 May 2013 11:59:28 -0400

Telecom giant AT&T Inc. (T) is introducing new promotional plans to accelerate smartphone...

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Strange Business: Communists Protest Outside Barbie's Dreamhouse

Fri, 17 May 2013 17:53:00 -0400

Plus, Apple CEO Tim Cook will make the case for lower corporate taxes next week.

(XLK) Stock Market News for May 17, 2013 – Market News

Fri, 17 May 2013 16:51:49 -0400

Benchmarks ended their streak of gains after the president of the Federal Reserve Bank of San...

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DIRECTV (DTV) Might be Interested in Buying Hulu - Bloomberg

Fri, 17 May 2013 15:26:51 -0400

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=8351285 for the full story.

Get on Disney World Rides Faster - Hire the Handicapped

Fri, 17 May 2013 13:41:39 -0400

Some stuff you just can’t make up.

The New York Post ran a story Tuesday about wealthy Manhattan moms who are escaping the long lines at The Walt Disney Co.’s (NASDAQ: DIS) Disney World by hiring disabled people to pose as family members.

The Post story said rich

Beyond the Big Three: The Who's Who at Facebook

Fri, 17 May 2013 13:36:12 -0400

In the past few months several new names have come into the spotlight. Here are a few of them...beyond the big three to watch.

TradersHuddle Mid-day Update: Dow Jones Higher Top Performers: BA, UTX, AA

Fri, 17 May 2013 13:35:02 -0400

New York, May 17th (TradersHuddle.com) - The Dow Jones Industrial Average is higher trading at 15290.2, which represents 0.37% versus its previous trading session close, with 20 of its components trading in positive territory.

Boeing (DailyFinance.com: U.S. equity markets opened higher this morning, taking advantage of buying opportunities after yesterday's slide in equities' prices. In the U.S., the Thomson Reuters/University of Michigan consumer sentiment index and the Conference Board leading ... Read more

Notable Analyst Rating Changes 05/17: (RKUS) (GM) (SPF) Upgraded; (ARUN) (DIS) (DE) Downgraded

Fri, 17 May 2013 10:53:06 -0400

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=8350357 for the full story.

The Boku Boom, With Chief Business Officer Jon Prideaux

Fri, 17 May 2013 10:50:03 -0400

Boku is transforming telecom and financial services with their innovative method of paying for things electronically. Boku uses your mobile number to make online purchases instantly. Those purchases are then put on your phone bill, not your credit card.

The company's Chief Business Officer, Jon Prideaux, appeared on CNBC's Squawk Box

Early Movers: DELL, JCP, DIS & More

Fri, 17 May 2013 07:57:06 -0400

These stocks are posting the largest moves before the bell on earnings reports, analyst ratings changes and more.

Atlantic Equities Downgrades Walt Disney (DIS) to Neutral

Fri, 17 May 2013 07:16:21 -0400

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=8349750 for the full story.

ESPN wins exclusive U.S. Open tennis rights in 11-year deal

Thu, 16 May 2013 17:00:52 -0400

May 16 (Reuters) - Walt Disney's ESPN sports juggernaut said it signed an 11-year contract to exclusively show all rounds of the U.S. Open tennis tournament on its channels in North and South America, giving it coverage of the sport's four major tournaments.

Espionage, comedy veterans touted for upcoming U.S. TV season

Thu, 16 May 2013 17:00:50 -0400

NEW YORK, May 16 (Reuters) - The big four U.S. broadcast networks, in need of new TV hits to turn around slumping ratings, are betting espionage programs and old comedy stars will convince advertisers to spend about $9 billion during the so-called upfront selling season.

ESPN Wins Expanded Digital and International Rights in 11-Year Deal -Bloomberg

Thu, 16 May 2013 13:48:13 -0400