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 Viacom Inc. and AT&T Inc. have reached a deal that will keep Comedy Central, MTV, Nickelodeon and other channels on AT&T's DirectTv service, the LA Times and other media reported Monday. The deal came after days of tense negotiation and after the previous contract had expired, said the paper. As the nation's biggest pay-TV distributor, AT&T was demanding a cut in the carriage fees charged by Viacom. AT&T provides TV service to 24.5 million homes in the U.S. Terms of the new deal were not disclosed. Viacom shares rose 5% in premarket trade, while AT&T shares were up 0.3%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 Tradeweb Markets Inc, an electronic trading platform for bonds and derivative instruments, said on Monday it is planning to raise up to $709 million in an initial public offering.
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Ascena Retail Group Inc. shares jumped 14% in Monday premarket trading after it announced an agreement to sell a majority stake in Maurices, the women's clothing chain, to private-equity firm OpCapita LLP for about $300 million. The move is part of a portfolio review that is on track to yield run-rate cost savings of $300 million by July. Other brands in the Ascena portfolio include Ann Taylor and Dressbarn. David Jaffe, Ascena's chief executive, said in a statement the company has a plan for an additional $150 million in savings, "which will drive operating margin expansion." Ascena will continue to support Maurices' business services platform, including sourcing and supply chain. Ascena's stock has slumped more than 57% in 2019 while the S&P 500 index has gained 11.7% for the year to date.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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EU antitrust regulators fined U.S. sportswear maker Nike 12.5 million euros ($14.14 million) on Monday.
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Facebook Inc. said in a blog post Thursday that millions of users' passwords were stored in a readable format in its internal data storage systems. The company's login systems "are designed to mask passwords using techniques that make them unreadable," and Facebook has fixed the problem, it said. As a precaution, it will notify the users who had passwords stored that way. The passwords were never visible to anyone outside the company and there's no evidence so far that "anyone internally abused or improperly accessed them," Facebook said. It estimated it will notify hundreds of millions of Facebook Lite users, tens of millions of other Facebook users, and tens of thousands of Instagram users, it said. Shares of Facebook rose 0.5% in late trading Thursday, and have lost about 2% in the past 12 months, which contrasts with gains around 5% for the S&P 500 index.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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The U.S. Energy Information Administration reported Thursday a modest decline in U.S. natural-gas supplies|NEW] that domestic supplies of natural gas fell by 47 billion cubic feet for the week ended March 15. The data included a slight upward revision to the previous week's total stocks. Analysts polled by S&P Global Platts had expected a decline of 48 billion cubic feet. Total stocks now stand at 1.143 trillion cubic feet, down 315 billion cubic feet from a year ago and 556 billion below the five-year average, the government said. April natural gas traded at $2.811 per million British thermal units, down about a penny, or 0.3%, from Wednesday's settlement.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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