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This Day In Market History: Time Warner Spins Off AOL
Friday, May 28, 2021 - 9:07am | 327Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 2009, Time Warner spun off AOL. Where The Market Was: The Dow finished the day at 8,403. The S&P 500 traded at 906. What Else Was Going On In The World? In 2009...
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AT&T To Add New Directors, Weigh Asset Sales In Truce With Elliott Management
Monday, October 28, 2019 - 9:23am | 505AT&T Inc. (NYSE: T) is ready to bargain with an activist hedge fund demanding improvements. In response to Elliott Management’s September letter, management announced Monday it will embrace a more disciplined acquisition strategy and review its portfolio to identify potential asset sales...
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Trump Uses Activist Investor's Move On AT&T To Renew Criticism Of CNN
Monday, September 9, 2019 - 10:10am | 638President Donald Trump on Monday praised an activist investor’s move to take a stake in AT&T Inc. (NYSE: T) and used the fund’s criticism of its acquisitions strategy to reiterate his own animosity toward news network CNN, which is owned by AT&T’s WarnerMedia, formerly...
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AT&T's Acquisition Of Time Warner Upheld By US Appeals Court
Tuesday, February 26, 2019 - 1:54pm | 384The U.S. Justice Department's prior bid to overturn AT&T Inc. (NYSE: T)'s acquisition of Time Warner was rejected by an appeals court Tuesday. What Happened The Justice Department claimed in 2017 the combination of AT&T and Time Warner under one ownership structure would have "...
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Analysts: AT&T Earnings Weren't That Bad
Thursday, January 31, 2019 - 11:48am | 508AT&T, Inc. (NYSE: T) dropped 4.3 percent Wednesday after the company missed consensus estimates for revenue and wireless subscribers in the fourth quarter. AT&T’s revenue of $47.99 billion missed estimates of $48.5 billion. AT&T also reported net additions of 134,000 phone...
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AT&T Trades Down After Mixed Q3 Print, Analyst Says Telecom Has 'Many Plates Spinning In The Air'
Wednesday, October 24, 2018 - 10:32am | 418AT&T Inc. (NYSE: T) shares were trading lower by more than 6 percent Wednesday morning after the company reported mixed third-quarter results before the open. What Happened AT&T said it earned 90 cents per share in Q3 on revenue of $45.7 billion versus expectations of 94 cents per...
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AT&T's 5G Rollout, Time Warner Acquisition Among The Pillars Of Tigress Financial's Bull Thesis
Monday, October 22, 2018 - 3:06pm | 455The upcoming launch of a high-speed 5G wireless communications network coupled with the recent acquisition of Time Warner makes AT&T Inc. (NYSE: T) a compelling equity, according to Tigress Financial Partners. The Analyst Analyst Ivan Feinseth upgraded AT&T from Neutral to Buy....
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HBO Ends 45-Year Run With Boxing, Says Sport No Longer A Subscription Driver
Tuesday, October 2, 2018 - 12:44pm | 476HBO’s long history with boxing is coming to an end. The premium network said it will stop airing boxing matches after 2018, ending a 45-year run with the sport that coincides with the decline in compelling matchups in the ring. “Boxing isn’t as popular as it used to be,...
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UBS Likes AT&T's Risk-Reward Profile After EBITDA, Time Warner Deal Pressure Share Price
Friday, September 21, 2018 - 1:46pm | 469Despite trading near all-time low valuations, the case AT&T Inc. (NYSE: T)'s stock can now be made, according to UBS. The Analyst Analyst John Hodulik upgraded AT&T from Neutral to Buy with a price target lifted from $33 to $38. The Thesis Shares of AT&T are trading near their...
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AT&T's Acquisition Of Time Warner 'Compelling,' But Will Take Time To Show Results
Tuesday, June 19, 2018 - 10:36am | 403AT&T Inc. (NYSE: T)'s acquisition of Time Warner Inc (NYSE: TWX) is "compelling," but unlikely to show any positive financial impact on financial metrics until 2020 at the earliest, according to JPMorgan. The Analyst JPMorgan's Philip Cusick resumed coverage of AT&T with a...
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Barron's Picks And Pans: Value Stocks, Disney, Chipotle And More
Sunday, April 29, 2018 - 8:31am | 674This weekend's Barron's cover story asks whether after a decade value stocks are ready to shine again. Other featured articles show whether there is still value in an entertainment giant and how a trade war could impact semiconductor makers. Also, the prospects for a fast-casual...
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Barron's Picks And Pans: Dropbox, Facebook, General Mills, Time Warner And More
Sunday, March 25, 2018 - 5:39pm | 658This weekend's Barron's cover story asks what a social media giant can do to become more transparent. Other featured articles examine a media conglomerate facing a win-win situation and a consumer staples giant that now resembles a bargain. Also, the prospects for an old-school...
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Barron's Picks And Pans: Berkshire Hathaway, Microsoft, Time Warner And More
Sunday, February 25, 2018 - 5:46pm | 640This weekend's Barron's cover story presents the findings of the latest Energy Roundtable. Other featured articles examine the prospects for a tech giant's quantum computing efforts and an industry leader with little to fear from Amazon. Also, Warren Buffett's latest annual...
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Wall Street's M&A Chatter From Nov. 21: PepsiCo, Kraft-Heinz Foods, H&E Equipment Centers, AT&T
Wednesday, November 22, 2017 - 8:56am | 432The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday, Nov. 21, 2017: PepsiCo could be the next target for Kraft-Heinz The Rumor: PepsiCo, Inc. (NYSE: PEP) could be the next takeover target for Kraft-Heinz Foods Co (NYSE: KHC), according to CreditSights...
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Wall Street's M&A Chatter From Nov. 20: Marvell Technology, Aetna, Bloomin' Brands, AT&T
Tuesday, November 21, 2017 - 1:53pm | 649The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday, Nov. 20, 2017: Marvell Technology to Acquire Cavium for $6B The Deal: Marvell Technology Group Ltd. (NASDAQ: MRVL) and Cavium, Inc. (NASDAQ: CAVM) announced an agreement Monday under which Marvell...