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MarketWatch MarketPulseDec 14, 2017
Disney-21st Century Fox deal to form box-office powerhouse that's 'hounded' by regulators: analyst
Walt Disney Co.'s deal to buy 21st Century Fox Inc. could create box-office powerhouse, said analyst Rich Tullo of Midtown Partners & Co., and also helps add content to Disney's over-the-top (OTT) initiative. Tullo said that, although he doesn't cover either company on a research basis, from the perspective of 2017 box office to date, a combined Disney and Fox looks like 'an NBA superteam' on paper. He said nine out of the top 20 box-office hits so far this year were produced by either Fox or Disney, and once Disney's 'Star Wars: The Last Jedi' is released, it will likely be 10 out of 20. 'Merging the media assets of 21st Century Fox and Disney is a lot like the story of the fox and the hound,' Tullo wrote in a note to clients. '[T]he combined assets will be better able to schedule blockbusters, have much greater pricing power with SVOD services, MVPDS and in negotiating media ad buys.' The bad news, Tullo said, is that 'we think a combined company could be hounded by regulatory, union and consumer pushback.' 21st Century Fox's stock rose 0.5% in morning trades as Disney shares climbed 0.8%. In comparison, the Dow Jones Industrial Average was 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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Google Business NewsDec 14, 2017
California realtors say GOP tax bill has made some homes harder to sell - 89.3 KPCC

89.3 KPCC


As news spread that Republicans in Congress had reached a deal on their massive tax reform plan Wednesday, local realtors looked for details on how the mortgage interest deduction would be changing. Homeowners can currently write off the interest on
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Reuters BusinessDec 14, 2017
Stock futures up, eyes on Disney-Fox deal, bank stocks
(Reuters) - Wall Street was set for a slightly higher open on Thursday as traders focused on a $52.4 billion stock deal between Walt Disney and Twenty-First Century Fox and gains in shares of big banks.

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MarketWatchDec 14, 2017
Metals Stocks: Gold climbs after Fed sticks to 3 rate hikes next year
Precious metal prices climb Friday, after the Federal Reserve raised interest rates, but within that decision appeared to leave intact plans to raise interest rates just three times next year.

MarketWatch MarketPulseDec 14, 2017
UPDATE: Teva shares jump 14% premarket as company says it will cut 14,000 jobs in restructuring
Teva Pharmaceutical Industries Ltd. shares jumped 14% in premarket trade Thursday, after the company announced further restructuring moves aimed at improving its financial performance. The Israeli generic drug maker has been hit by competition from cheap generics and announced a major overhaul of its management structure in November. The company said it is now planning to cut 14,000 jobs, or 25% of its workforce, in the next three years, as part of measures aimed at cutting costs by $3 billion by end 2019. The company is expecting to book a restructuring charge of at least $700 million in 2018. 'Today we are launching a comprehensive restructuring plan, crucial to restoring our financial security and stabilizing our business,' Chief Executive Kare Schultz said in a statement. 'We are taking immediate and decisive actions to reduce our cost base across our global business and become a more efficient and profitable company.' The company will immediately suspend its dividend and cancel its 2017 bonus program. It is also reviewing the possibility of selling non-core assets. Shares have fallen 57% in 2017, while the S&P 500 has gained 19%.

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.



MarketWatch MarketPulseDec 14, 2017
Sears shares jump after DieHard brand launches on Amazon
Sears Holdings Corp. shares jumped 8.2% in Thursday premarket trading after the retailer announced that the DieHard brand launched on Amazon.com Inc. The line of products on the site now includes jump starters, battery chargers and maintainers. Passenger car tires and automotive batteries will be available early 2018. Sears announced that it would sell Kenmore brand appliances on Amazon this summer. Sears shares are down 62% for the past year while the S&P 500 index is up 18.2% for the period.

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.



MarketWatch MarketPulseDec 14, 2017
PayPal stock rises as analyst cheers Venmo opportunities
Shares of PayPal Holdings Inc. gained 0.5% in premarket trading Thursday after an analyst at KeyBanc Capital Markets named the payment-processor a 'key idea' for 2018. KeyBanc's Josh Beck is upbeat on the company's efforts to monetize its Venmo peer-to-peer payment platform by letting users pay for e-commerce items using the Venmo app. ' The Pay with Venmo opportunity brings in incremental customers with higher profit margins and is well positioned to scale,' he wrote in a note to clients Wednesday. Beck has a $90 price target on PayPal shares. His other 'key idea' in payments is Vantiv Inc. , as he sees opportunities for the company to drive better-than-expected synergies from its Worldpay deal. PayPal shares have gained 88% so far in 2017, while Vantiv's stock is up 23%. The S&P 500 also rose 23% in that time.

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.



MarketWatch MarketPulseDec 14, 2017
Bank of England holds key rate at 0.5% in unanimous vote
The Bank of England on Thursday left its key interest rate at 0.5%, meeting widely held expectations after the central bank in November raised the rate for the first time in a decade. The Monetary Policy Committee voted 9-0 to leave the rate steady. 'The recent news in the macroeconomic data has been mixed and relatively limited. Global growth has remained strong. Domestically, some activity indicators suggest GDP growth in Q4 might be slightly softer than in Q3,' the central bank said in a statement. The central bank left unchanged the size of its asset purchase program at £435 billion ($584 billion) and its corporate-bond purchase program at £10 billion. The pound bought $1.3414, down from $1.3449 ahead of the decision. Sterling late Wednesday traded at $1.3419.

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.



Reuters BusinessDec 14, 2017
Global stocks edge up amid central bank bonanza
LONDON (Reuters) - World shares eked out modest gains on Thursday as cautious comments on inflation from the U.S. Federal Reserve gave investors pause on a day packed with central bank decisions in Europe.

MarketWatch MarketPulseDec 14, 2017
Linn Energy to split into three standalone companies in 2018
Linn Energy Inc. said Thursday it is planning to split into three standalone companies by mid-2018. The company, which currently trades on the over-the-counter market under the ticker symbol 'LNGG', will serve as holding company for the existing 50% equity interest of Roan, a company focused on developing assets in Oklahoma, and will apply to list on the NYSE and Nasdaq next year. Separately, it is in talks with Citizen Energy II, LLC to consolidate 100% of the equity in Roan into LNGG. The board is reviewing options for Blue Mountain Midstream LLC and will divest non-core assets at the time of the separation. Linn is also planning to tender for at least $250 million of its own shares, which were not active premarket.

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.



Reuters Company NewsDec 14, 2017
GLOBAL MARKETS-Asia stocks slightly up after Fed move; dollar, US yields sag
TOKYO, Dec 14 (Reuters) - Asian stocks generally rose on Thursday after the Federal Reserve delivered a much-anticipated interest rate hike, while its caution on inflation tempered expectations for 2018 tightening, weighing on the dollar and Treasury yields.

Google Business NewsDec 13, 2017
Yellen Pans Bitcoin Boom, Shows Scant Worry Over Surging Stocks - Bloomberg

Bloomberg


Janet Yellen exits after a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, Dec. 13, 2017. Photographer: Andrew Harrer/Bloomberg. Federal Reserve Chair Janet Yellen weighed in on two
US economy 'performing well' as Federal Reserve hikes ratesWashington Post
Fed Raises Interest Rates as Focus Turns to 2018New York Times
How the Fed interest rate hike could affect your walletUSA TODAY
CBS News -Fortune -Business Insider 

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