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Friday, November 21, 2014

Visa sees Visa Europe option now costing more than $10 billion, (NYSE: V)

Visa Inc, the world's largest credit and debit card company, said it might have to pay more than $10 billion to purchase its London-based European licensee, Visa Europe Ltd, if its owners exercise their option to sell it. Visa might issue debt or equity, or need third-party financing, to fund the purchase of Visa Europe, it said in an annual filing with regulators.

Visa Inc. (Visa) is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and electronic payments. Shares of V traded higher by 1.01% or $2.55/share to $254.22. In the past year, the shares have traded as low as $194.84 and as high as $252.43. On average, 2862300 shares of V exchange hands on a given day and today's volume is recorded at 2971705.



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U.S. court stays FCC order to disclose TV programming contracts, (NYSE: DIS), (NYSE: TWC), (NYSE: TWX)

A U.S. federal appeals court has stayed the Federal Communications Commission's order requiring broadcast and cable companies to disclose programming contracts.The FCC had asked media companies to disclose their contracts with pay-TV providers as it reviewed AT&T Inc's acquisition of DirecTV and Comcast Corp's merger with Time Warner Cable Inc.Media companies including Time Warner, Walt Disney Co and CBS Corp had approached the U.S. Court of Appeals for the District of Columbia Circuit, saying the FCC's order would cause "irreparable harm" to their business.The court said the merger proceedings and the FCC review can continue as the regulator has access to all the materials.

The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company. Shares of DIS traded higher by 0.07% or $0.06/share to $88.96. In the past year, the shares have traded as low as $68.80 and as high as $92.00. On average, 6713400 shares of DIS exchange hands on a given day and today's volume is recorded at 7383121.

Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC fell by 0.83% or $-1.19/share to $142.52. In the past year, the shares have traded as low as $125.45 and as high as $155.32. On average, 2788190 shares of TWC exchange hands on a given day and today's volume is recorded at 2277530.

Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.67% or $-0.54/share to $80.05. In the past year, the shares have traded as low as $58.22 and as high as $88.13. On average, 5277060 shares of TWX exchange hands on a given day and today's volume is recorded at 4034907.



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Telecom Italia says to explore tie-up options between Brazil unit and Oi, (NYSE: AMT)

Telecom Italia said on Friday its management would explore a possible tie-up between its Brazilian mobile phone unit Tim Brasil and Oi. "The next steps, if there are to be any, will be submitted to the board for approval, following the opinion of the committee of independent directors," the group said in a statement after a board meeting.It said the board of Tim Brasil, in which Telecom Italia has a 67 percent stake, had approved the sale of its mobile phone towers to American Tower for over 900 million euros.Telecom Italia also said it had sent a proposal to infrastructure fund F2i to express its formal interest in starting discussions on the acquisition of a controlling stake in Italian fibre optic provider Metroweb.

American Tower Corporation is a holding company. The Company conducts its operations through its directly and indirectly owned subsidiaries and joint ventures. Shares of AMT traded higher by 1.38% or $1.39/share to $102.10. In the past year, the shares have traded as low as $75.65 and as high as $101.46. On average, 2023120 shares of AMT exchange hands on a given day and today's volume is recorded at 3030197.



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U.S. court stays FCC order to disclose TV programming contracts, (NYSE: DIS), (NYSE: TWC), (NYSE: TWX)

A U.S. federal appeals court has stayed the Federal Communications Commission's order requiring broadcast and cable companies to disclose programming contracts. The FCC had asked media companies to disclose their contracts with pay-TV providers as it reviewed AT&T Inc's acquisition of DirecTV and Comcast Corp's merger with Time Warner Cable Inc.Media companies including Time Warner, Walt Disney Co and CBS Corp had approached the U.S. Court of Appeals for the District of Columbia Circuit, saying the FCC's order would cause "irreparable harm" to their business.The case is In Re: Emergency Motion For Stay Pending Judicial Review, U.S. Court Of Appeals For The District Of Columbia Circuit, No. USCA Case #14-1242 (Reporting By Subrat Patnaik in Bangalore; Editing by Don Sebastian)

The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company. Shares of DIS traded higher by 0.07% or $0.06/share to $88.96. In the past year, the shares have traded as low as $68.80 and as high as $92.00. On average, 6713400 shares of DIS exchange hands on a given day and today's volume is recorded at 7372836.

Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC fell by 0.83% or $-1.19/share to $142.52. In the past year, the shares have traded as low as $125.45 and as high as $155.32. On average, 2788190 shares of TWC exchange hands on a given day and today's volume is recorded at 2277530.

Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.67% or $-0.54/share to $80.05. In the past year, the shares have traded as low as $58.22 and as high as $88.13. On average, 5277060 shares of TWX exchange hands on a given day and today's volume is recorded at 4034907.



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U.S. spectrum auction raises more than $30 billion, (NASDAQ: DISH)

Total bidding in the U.S. airwaves auction of so-called AWS-3 frequencies has surpassed $30 billion on Friday, according to the Federal Communications Commission, far exceeding expectations just over a week after bidding began. The wave of bidding vastly surpassed the reserve price of $10.1 billion for the auction, the largest opportunity for wireless carriers to get access to new airwaves since 2008.The most obvious beneficiary of the surge in offers is satellite TV mogul Charlie Ergen's Dish Network Corp, whose share price hit a 14-year high on Friday.The auction, one of the first to sell access to mid-band frequencies similar to the ones controlled by Dish, has crystallized the value of Dish's mass spectrum holdings."This definitely exceeds expectations and makes a strong case for Charlie that his spectrum holdings are worth a lot," one Dish investor told Reuters.

DISH Network Corporation is a pay-television (TV) provider, with approximately 13. Shares of DISH traded higher by 2.05% or $1.48/share to $73.70. In the past year, the shares have traded as low as $49.31 and as high as $75.26. On average, 1863630 shares of DISH exchange hands on a given day and today's volume is recorded at 3840902.



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European Parliament proposing Internet search-service unbundling -draft motion, (NASDAQ: GOOG)

The European Parliament is preparing to call for the separation of search engines from other commercial services to ensure a level playing field for the Internet industry, according to a draft motion seen by Reuters on Friday, presenting a threat to leading search engine Google Inc. The draft motion does not mention any specific search engines, though Google is by far the dominant search provider in Europe. Earlier on Friday, the Financial Times cited a draft motion as calling for a break-up of Google.

Google Inc. (Google) is a global technology company. Shares of GOOG traded higher by 0.62% or $3.3/share to $538.13. In the past year, the shares have traded as low as $502.80 and as high as $604.83. On average, 1750060 shares of GOOG exchange hands on a given day and today's volume is recorded at 1685612.



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