Tag Archives: WSJ

The Revenge of the Doves

By Bob McTeer, Contributor The recent WSJ article on the relative forecasting results of some of the Fed’s hawks and doves stirred some old memories regarding the hawk/dove divide. I got an unfair reputation as a dove back in 1999 when I dissented in June and again in August from the FOMC’s increase in the target Federal funds rate. That tightening was based on models showing a high likelihood of inflation during a period when actual inflation was still low. …read more

Source: FULL ARTICLE at Forbes Latest

WSJ: Netanyahu Has Red Lines, Obama Doesn’t – Middle East – News – Israel National News

By Dave Robbins

A Wall Street Journal editorial has claimed that Israel has attacked Syria at least four times in 2013. Read More: WSJ: Netanyahu Has Red Lines, Obama Doesn’t – Middle East – News – Israel National News.

The post WSJ: Netanyahu Has Red Lines, Obama Doesn’t – Middle East – News – Israel National News appeared first on Endtime Ministries | End Of The Age | Irvin Baxter.

…read more

Source: Endtime Ministries

Media Digest (4/29/2013) Reuters, WSJ, NYT, FT, Bloomberg

By 24/7 Wall St.

Filed under:

The form of taxation that is applied to a Verizon Communications Inc. (NYSE: VZ) buyout of the 45% of Verizon Wireless that Vodafone Group PLC (NASDAQ: VOD) owns may decide the deal. (Reuters)

The global economy continues to rely on central bank aide to prop up gross domestic product. (Reuters)

China’s move to 4G will give some equipment suppliers huge contracts. (Reuters)

Tough European sales may start to badly damage U.S. corporate earnings. (WSJ)

The government blocks cash payouts to some General Motors Co. (NYSE: GM) executives. (WSJ)

The number of people in the U.S. looking for jobs fell to its lowest level since 1979 because of retiring baby boomers. (WSJ)

Fred Hassan leaves as the chairman of Avon Product Inc.’s (NYSE: AVP) board. (WSJ)

A move to dividend-paying stocks may be causing their prices to move too high. (WSJ)

More Republican members of Congress will support a tax on online sales. (NYT)

Cable firm AXS TV will start to run programming from AOL Inc.’s (NYSE: AOL) HuffPo Live. (NYT)

Passengers may well shy away from flying the Boeing Co. (NYSE: BA) 787, which recently fixed battery problems. (NYT)

Chat applications will continue to hurt revenue from texts, which have helped telecom earnings. (FT)

More Europeans may modify their positions on the value of austerity. (Bloomberg)

Nokia Corp. (NYSE: NOK) ups its commitment to $20 phones as it loses market share to smartphones from Apple Inc. (NASDAQ: AAPL) and Samsung. (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, AOL, AVP, BA, GM, NOK, VOD, VZ

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Source: FULL ARTICLE at DailyFinance

Media Digest (4/18/2103) Reuters, WSJ, NYT, FT, Bloomberg

By 24/7 Wall St.

Filed under:

The FAA moves closer to a decision to clear the Boeing Co. (NYSE: BA) 787 Dreamliner for commercial service. (Reuters)

Worries about Apple Inc.’s (NASDAQ: AAPL) profits press its stock value under $400. (Reuters)

LinkedIn Corp. (NYSE: LNKD) will test mobile ads in it smartphone app. (Reuters)

Twitter begins to examine tweets to better target ads. (Reuters)

China will allow the yuan to trade in a wider range. (WSJ)

Bundesbank President Jens Weidmann tells the Wall Street Journal that Europe‘s financial repair could take a decade. (WSJ)

The International Energy Agency says the progress of green energy has slowed. (WSJ)

Carnival Corp. (NYSE: CCL) will spend as much as $700 million to upgrade hospital and safety systems on its ships. (WSJ)

The growth of the PayPal operation of eBay Inc. (NASDAQ: EBAY) slows, according to its earnings report. (WSJ)

Microsoft Corp. (NASDAQ: MSFT) earnings likely will show the company’s products have not triggered global PC growth. (WSJ)

Large bank profits may push regulators to put more regulations on the banking system. (NYT)

The United States has become Japan‘s top export market, taking the position from China. (FT)

The International Monetary Fund says monetary easing could cause credit bubbles. (FT)

Gold miners lose $169 billion as the price of the metal falls. (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, BA, CCL, EBAY, LNKD, MSFT

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From: http://www.dailyfinance.com/2013/04/18/media-digest-4182103-reuters-wsj-nyt-ft-bloomberg/

John Cochrane's Alternative Maximum Tax: What Should The Rate Be?

By Tim Worstall, Contributor This is a fascinating little proposal in the WSJ from John Cochrane. Just as there is an Alternative Minimum Tax, to make sure that people cannot use all the tweaks to the tax code to end up paying an “unfair” amount, so also should there be an Alternative Maximum Tax. An amount, rate or portion of income above which someone cannot be taxed. This would, as with the current AMT, be cumulative, would include all of the various different taxes to which an income might be subjected: I like half, but the principle matters more than the number. Once the country settles on a number, each of us gets to add up everything we pay to government at every level: federal income taxes, yes, but also payroll (Social Security, Medicare, etc.) taxes, state, city and county taxes, estate taxes, property taxes, sales taxes, payroll taxes and unemployment insurance for nannies, household workers, or other employees, excise taxes, real-estate transfer taxes, and so on and on, right down to your vehicle stickers and those annoying extra taxes on your airline tickets.

From: http://www.forbes.com/sites/timworstall/2013/04/17/john-cochranes-alternative-maximum-tax-what-should-the-rate-be/

Media Digest (4/17/2013) Reuters, WSJ, FT, Bloomberg

By 24/7 Wall St.

Filed under:

The role of central banks in stimulus will be considered at International Monetary Fund (IMF) and G-20 gatherings. (Reuters)

Display ad revenue at Yahoo! (NASDAQ: YHOO) drops sharply. (Reuters)

News Corp. (NASDAQ: NWSA) will call its entertainment company 21st Century Fox. (Reuters)

Carl Icahn agrees to limit his stake in Dell Inc. (NASDAQ: DELL) but can join other bidders to make an offer for the company. (Reuters)

Procter & Gamble Co. (NYSE: PG) will lengthen the number of days after which it pays suppliers, which will allow it access to $2 billion in cash. (WSJ)

A new IMF report attacks the results of austerity taken on by financially troubled nations. (WSJ)

A reservations system glitch limits American Airlines bookings and causes a number of flights to be halted. (WSJ)

Boeing Co. (NYSE: BA) completes tests of batteries on its Dreamliner 787, but the FAA has not approved them. (WSJ)

Intel Corp.’s (NASDAQ: INTC) profits drop by 25% as PC sales tumble. (WSJ)

Investment manager John Paulson loses $1.5 billion in his bet on gold prices. (FT)

The drop in gold prices hits central bank asset values by $560 billion. (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: BA, DELL, INTC, NWSA, PG, YHOO

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From: http://www.dailyfinance.com/2013/04/17/media-digest-4172013-reuters-wsj-ft-bloomberg/

Media Digest (4/15/2013) Reuters, WSJ, NYT, FT, Bloomberg

By 24/7 Wall St.

Filed under:

Wells Fargo & Co. (NYSE: WFC) cuts the number of outside investment managers that its brokers can offer to clients. (Reuters)

Thermo Fisher Scientific Inc. (NYSE: TMO) is likely to pay $13 billion to buy Life Technologies Corp. (NASDAQ: LIFE). (Reuters)

Foxconn adds workers in preparation for production of the new Apple Inc. (NASDAQ: AAPL) iPhone. (WSJ)

The FAA orders inspections of about 1,000 Boeing Co. (NYSE: BA) 737s. (WSJ)

Microsoft Corp. (NASDAQ: MSFT) probably produces a new touch smartphone type watch. (WSJ)

Verizon Wireless pushes out the number of months subscribers need to wait for phone upgrades from 20 months to 24. (WSJ)

McDonald’s Corp. (NYSE: MCD) presses value of its products to customers to help same-store sales. (WSJ)

Ford Motor Co. (NYSE: F) and General Motors Co. (NYSE: GM) will produce new transmissions together. (WSJ)

Google Inc. (NASDAQ: GOOG) agrees to search restrictions to settle antitrust claims by the European Commission. (NYT)

The ability of big companies to save money on manufacturing overseas helps offset a weak U.S. economy. (NYT)

A study by Brookings and the Financial Times shows the global economy is not improving. (FT)

India’s inflation drops to a 40-month low at 5.96% in March. (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: AAPL, BA, F, GM, GOOG, LIFE, MCD, MSFT, TMO, WFC

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From: http://www.dailyfinance.com/2013/04/15/media-digest-4152013-reuters-wsj-nyt-ft-bloomberg/

As I've Been Saying The Solution To Climate Change Is A Carbon Tax

By Tim Worstall, Contributor Today we’ve a piece from George Shultz and Gary Becker in the WSJ on the desirability of a carbon tax. How nice to see that such serious heavyweights are catching up with what this blog has been suggesting: At the same time, we should seek out the many forms of subsidy that run through the entire energy enterprise and eliminate them. In their place we propose a measure that could go a long way toward leveling the playing field: a revenue-neutral tax on carbon, a major pollutant. A carbon tax would encourage producers and consumers to shift toward energy sources that emit less carbon—such as toward gas-fired power plants and away from coal-fired plants—and generate greater demand for electric and flex-fuel cars and lesser demand for conventional gasoline-powered cars. …read more

Source: FULL ARTICLE at Forbes Latest

Twitter: The Carnival Barker of Investing

By Morgan Housel, The Motley Fool

Filed under:

“The calamity of the information age is that the toxicity of data increases much faster than its benefits.”Nassim Taleb.

When asked what I read, I always plug Twitter. It is one of the most effective communication devices ever invented, I usually say, with no exaggeration.

Twitter has become so important to finance that it is taking over the role of the Wall Street analyst. As news broke of the Cyprus bailout last month, Twitter was a mile ahead of Wall Street. Joe Weisenthal of Business Insider wrote:

Twitter is increasingly equaling or surpassing the value of traditional sell-side research from Wall Street analysts … Because the [Cyprus] news was so surprising, and because there’s so little time between when the bailout was announced early Saturday morning, and when trading begins Sunday evening, there’s been an aggressive thirst for information and analysis on what it all means. But the sell-side has been fairly slow, and the Twittersphere has come to the rescue.

He is right. When big financial news is breaking, all the money in the world can’t buy the information streaming from Twitter’s free iPhone app. It is indispensable. 

But there is another side of Twitter, as Washington Post columnist Ezra Klein recently wrote:

Toward the end of the election, I pretty much stopped reading Twitter altogether. It improved my life, and the quality of my work. There was so much partisan sniping and gaffe-driven garbage that reading almost anything but Twitter was a huge improvement in the quality of the information I consumed.

Most forms of information are slow-moving, Klein writes. “If I neglect my RSS feed today, the posts will still be there tomorrow,” he says. “The same is true for the books I’m reading, the magazines piled on my nightstand, the tabs open in my browser.” Ditto for conventional journalism. If I check WSJ.com at 4 A.M. or 9 A.M. or noon, I will find the same stories. There is no rush.

But on Twitter, not checking your feed for an hour can mean missing something important. Since there’s no easy way to see what everyone you follow has Tweeted in the last day — to say nothing of the last week — the best way to stay on top of what’s important is to become a Twitter maniac, glued to the screen all day. It’s as if you didn’t know when your favorite TV show will air, and there’s way to record it when it does. Not wanting to miss it, you sit in front of the TV all day, waiting for it come.

But that means having to sit through a lot of soap operas and realty TV shows. Which is exactly how Twitter can feel sometimes. And I feel it’s getting worse.

In decade’s past, top investors wrote their clients once a quarter, maybe even once a year. Top newspaper columnists wrote once or twice a week.

Twitter has sent those expectations through …read more

Source: FULL ARTICLE at DailyFinance

Rumours Of Two New Apple Phones This Year: iPhone 5S And A Cheap iPhone For Emerging Markets

By Tim Worstall, Contributor The Wall Street Journal is reporting that there are plans for Apple to release two new iPhones this year. This is at the stage of “people say that” but the WSJ has a pretty good track record on such rumours from Apple. Apple Inc. plans to begin production of a refreshed iPhone similar in size and shape to its current one in the second quarter of the year, according to people familiar with the device’s production, teeing up a possible summer launch for the next version of its flagship device. At the same time, Apple continues to work with its manufacturing partners in Asia on a less expensive iPhone that could be launched as soon as the second half of this year, these people said. The four-inch device likely will use a different casing from the higher-end iPhone. Apple has been working on different color shells for the phone but its plans remain unclear. Apple has a rather strange relationship with the technical press. At The Register, where I also freelance, it’s well known that Apple will never respond to any sort of query from anyone connected to it at all. Apple has been known to brief the WSJ though: so when the WSJ says that it’s been told such and such about Apple I’m tempted to believe them. That Apple talks to the WSJ and not to the tech press could be taken as an indication that their PR is directed at the financial markets not geeks. …read more

Source: FULL ARTICLE at Forbes Latest

Next iPhone Release: Apple Reportedly Eyeing Summer Launch For Next-Generation Device

By The Huffington Post News Editors

Ready for the next iPhone? You may not have to wait much longer.

According to a report in the Wall Street Journal, Apple will start production on the next-generation iPhone in the second quarter of this year. The article indicates that the tech giant is eyeing a “possible summer launch” for the popular smartphone. This is in line with previous rumors.

The phone will, per WSJ, be “similar in size and shape” to the iPhone 5. Presumably, the device is more likely to be an incremental iPhone 5S update rather than a radical redesign.

Read More…
More on Tim Cook

…read more
Source: FULL ARTICLE at Huffington Post

Cypriots cast blame as meltdown probe begins

Finger-pointing over who is to blame for Cyprus‘s crisis—and who may have had early notice of the looming meltdown—is gripping the island as it digs through the financial wreckage.

Newly elected President Nicos Anastasiades pledged on Monday to investigate his own family after allegations in Cypriot and Greek media that a company partly owned by an in-law had yanked millions of euros out of the country days before the crisis began.

Figures ranging from the country’s top church leader to lawmakers to the island’s media have joined the fray, some alleging outright wrongdoing by Cyprus‘s tightly knit elite, others simply adding their voices to the chorus of those demanding the finance minister and central-bank governor step down.

Also Monday, a prominent banker in Greece, seen by many in Cyprus as one of the people at the center of the crisis, defended himself against charges that he had wiped out personal and business debts and approved loans held by the island’s political and financial leaders in order to curry favor. The banker, Andreas Vgenopoulos, denied making any such loans and called for Cypriot authorities to release reports on Cyprus Popular Bank PCL, which he formerly headed, and to make public confidential details he had disclosed to them about his personal financial transactions.

Last week, Cyprus imposed capital controls—becoming the first euro-zone country to do so—to stem a feared outflow of deposits as it began an overhaul of its banking sector in order to clinch a €10 billion ($12.8 billion) bailout from its euro-zone peers and the International Monetary Fund.
Since then, the country has closed its second-biggest lender, Cyprus Popular Bank, and is moving that bank’s healthy assets to Bank of Cyprus PCL, the biggest bank, which is undergoing its own restructuring.

Big depositors at the two banks face losses of anywhere from 40% to 80% on their deposits, according to government estimates.

The latest allegations follow indications from euro-zone officials that money was leaking out of the country in the days after Cyprus agreed to an initial bailout March 16—a plan that would have included a controversial bank-deposit levy, later rejected by the country’s parliament. Although the Cyprus central bank blocked most fund transfers out of the country following that initial deal, senior euro-zone officials have raised suspicions that several hundred million euros left the country through loopholes, in violation of the ban.

The fresh allegations, published in Greek and Cypriot media over the weekend, focus on the days before the financial crisis erupted.

Click for more from WSJ.com

…read more
Source: FULL ARTICLE at Fox World News

Elite law schools step in to help war veterans

As veterans look to build lives beyond the battlefields of Iraq and Afghanistan, those opting for a career in law now have a chance to attend a growing number of the nation’s elite private law schools without paying a dime in tuition.

Federal education aid for people who served in the military after the 2001 terrorist attacks covers the full cost of tuition and fees at public schools. But payments for those who attend private institutions are capped and only cover about 35% to 45% of tuition at the top private law schools, which can cost as much as $55,000 per year.

To help close the gap, this fall Stanford Law School, New York University School of Law and Columbia Law School are maxing out their contributions to a government matching plan known as the Yellow Ribbon program that provides qualifying veterans with additional money to supplement the benefits offered under the GI Bill. Essentially, the schools have pledged to cover half the remaining tuition and fees, and the Department of Veterans Affairs will pay the rest. Veterans must have served at least 36 months of active duty since Sept. 11, 2001 and have been honorably discharged to be eligible for the aid, which comes from agreements between the department and participating private schools.

The move is a shift from the sometimes fractious relations between some elite universities and the military that date back to the Vietnam War and run through recent debates over the treatment of gay personnel.

Reaching out to veterans carries multiple advantages for law schools. There are public relations and marketing benefits to helping cover the cost of enrollment for veterans at a time when concerns about rising tuition are running high. The payments can also help schools recruit high-quality students they otherwise might have lost to public competitors without too much damage to the bottom line.

Other private schools, including Duke University School of Law and Northwestern University Law School, have also ramped up financial aid for former members of the armed forces, raising award amounts or increasing the number of veterans who can receive the benefits.

The Department of Veterans Affairs limits education aid for veterans attending private, foreign or out-of-state schools; this year the limit for most former service members is about $19,000 a year. That is despite the fact that some top public graduate programs—such as UC Berkeley School of Law—charge nearly as much as private ones.

For law school, the difference between what standard veterans benefits cover and the full cost of tuition at a private institution can come to more than $25,000 per year, although many veterans also qualify for additional financial aid and other help, such as state grants.

Click for more from WSJ.com

…read more
Source: FULL ARTICLE at Fox US News

A call to outsource California state parks

California lawmakers should outsource management of some state parks to cope with chronic under funding, advised an influential state commission, which found that the state had expanded its park system without providing adequate income to support it.

The Little Hoover Commission, in a report released Monday, asked Gov. Jerry Brown and legislative leaders to help the state Department of Parks and Recreation restructure the way it manages its 280 parks to avoid the kind of fiscal crisis that led to plans to close 70 parks in 2012 before last-minute maneuvers spared them.

Parks that mostly serve local visitors “should be realigned” to allow local control, while some with broader appeal could be managed differently, said the commission, whose reports are often considered by lawmakers.

The famed Hearst Castle, for example, may be better maintained by an outside operator such as the Getty Museum, the report suggested. The 115-room mansion of newspaper magnate William Randolph Hearst became state park property in 1958. Like many state park sites, it suffers from deferred maintenance because of decadeslong funding cuts, the report said.

Click for more from WSJ.com

…read more
Source: FULL ARTICLE at Fox US News

Apple Buys Its Way Indoors

By Evan Niu, CFA, CFA, The Motley Fool

Indoor Google Maps. Source: Google.

Inside, Google still has a lead over Apple. However, the search giant’s indoor initiatives date back to 2011, so Apple has more hope in catching up behind closed doors as opposed to under the sun.

The Mac maker becomes a map maker
Apple has confirmed the acquisition to both

Filed under:

Even though Google is undeniably the mobile mapping king, Apple isn’t giving up so easily. That’s why Apple has acquired WifiSLAM, a small start-up specializing in indoor GPS, since the next frontier of mobile mapping is inside.

iOS users quickly snapped up the new version of Google Maps once it was released on Apple’s platform in December, just months after Apple made the controversial switch to its in-house offering. Google’s first-mover advantage is seemingly insurmountable since it has spent years aggregating mapping data that Apple simply doesn’t have yet.

On the outside, Google’s Street View offers unprecedented reach for an online mapping service. We’re talking about the search giant showing users the Great Barrier Reef or more recently, the Himalayas’ Mount Everest Base Camp. Meanwhile, Apple’s still working on getting down the basics before going mountain climbing.

WifiSLAM is a small company that uses ambient Wi-Fi signals to help pinpoint a smartphones indoor location within an approximate accuracy range of 2.5 meters. That information could potentially be used to eventually build step-by-step indoor navigation, proximity-based social networking, or product-level retail customer engagement.

With WifiSLAM, Apple is taking the mapping fight inside instead of outside.

Let’s take this inside
Turn-by-turn driving navigation was reportedly a major point of contention between Apple and Google that led to the switch. Indoor step-by-step navigation, on the other hand, is mostly an untapped frontier.

Google has already begun building out its data on indoor maps, including integrated floor plans in selected locations and a Google Maps Floor Plans service that’s still in beta testing. So far, buildings like airports and shopping malls, among others, have partnered with Google to make indoor maps available. Big G doesn’t want you running into any Minotaurs, after all.

Indoor Google Maps. Source: Google.

Inside, Google still has a lead over Apple. However, the search giant’s indoor initiatives date back to 2011, so Apple has more hope in catching up behind closed doors as opposed to under the sun.

The Mac maker becomes a map maker
Apple has confirmed the acquisition to both The Wall Street Journal and Reuters, without officially disclosing the price. The WSJ‘s sources peg the price tag at $20 million, which is little more than loose change for Apple.

WifiSLAM is now the fourth acquisition that Apple has picked up to build its mapping service. The Mac maker began acquiring map makers as early as 2009, starting with Placebase for an unknown amount. The company would then proceed to buy Poly9 in 2010 and C3 Technologies in 2011. These three purchases were stitched together to help launch Apple Maps.

Two months ago, there were also rumors that Apple was looking to acquire Waze, the crowd-sourced traffic and navigation service. The acquisition made sense, since Waze is also a small start-up with innovative technology that could be integrated into Apple’s offerings, and Waze is already one of Apple’s mapping data partners. …read more
Source: FULL ARTICLE at DailyFinance

Why You Might Not Want To Start Your Business As A Facebook App

By Tim Worstall, Contributor There’s a many advantages to starting a business that relies upon the Facebook platform: near 1 billion users of it just as a start. It’s also a social network (well, D’Oh!) so take up can be impressively rapid. However, there’s also a problem with basing oneself on Facebook: which is that it is indeed a platform. And they’re trying to monetise that platform just as fast as you are. And as the WSJ reports, if your app is taking traffic or business away from one of their apps then, well, you’re just outta luck: Vintage Camera, which competes with Facebook’s Instagram app, is one of a growing number of third-party apps that have been blocked by the social network recently. Now of course Facebook doesn’t give that competition as the reason for the blocking. But there is something of a pattern developing: Developers say the crackdown is an attempt to stifle applications that compete with Facebook-owned services or part of an effort to get developers to pay for ads on Facebook. …read more
Source: FULL ARTICLE at Forbes Latest

Is the Cable Industry Ready for Verizon's Bold New Idea?

By Anders Bylund, The Motley Fool

Filed under:

Verizon wants to shake up the TV industry in a big way.

Cable distribution deals are pretty simple today. The cable company (or fiber company, in the case of Verizon’s FiOS broadcast service) sits down with content providers, hammers out a deal to display certain channels or entire portfolios, and then pays a fixed monthly sum per subscriber. But Verizon thinks the current system is terribly inefficient.

“We are paying for a customer who never goes to the channel,” said chief programming negotiator Terry Denson in a Wall Street Journal interview this week. Some channels see very little use, but their costs must be spread out across every customer anyhow.

Verizon wants to measure how big this baseball hero really is to its subscribers.

Because Verizon’s Internet-based TV service requires an official set-top box (you can’t just hook your TV up to the fiber and call it a day), the company can see usage patterns in minute detail. So why not use this rich data to determine a fair price for the stuff FiOS customers actually watch?

“If you are willing to give a channel five minutes of your time, the cash register would ring in favor of the programmer,” Denson said. Customers would have access to a much wider selection of channels than they do today, but content owners would be paid based on what we actually watch.

This idea pits giant against giant. Verizon is one of the most pure content-distributors in the cable-like market, as it doesn’t produce any shows itself. Comcast and Time Warner have interests on both sides of the equation, which explains why they’re not terribly interested in shaking up a system that might unfairly reward niche programming. Walt Disney is an example of Verizon’s extreme opposite: The Mouse loves to sell its ESPN, the Disney Channel, and the ABC network as part of broad bundles, even if cable subscribers wouldn’t watch them.

Verizon hasn’t discussed this new plan with any of the big content-makers so far, starting small with unnamed “mid-tier and smaller” creators. If and when the idea moves on to the big stage, Verizon could end up turning the entire cable industry on its head. The epic conflict will move markets, as both Disney and Verizon are part of the Dow Jones Industrial Average . Another anonymous cable executive told the WSJ that it would take “a giant seismic shift” in the industry to get that far.

Is Disney worth top dollar?
It’s easy to forget that Walt Disney is more than just the House of Mouse. True, Disney amusement parks around the world hosted more than 121 million guests in 2011. But from its vast catalog of characters to its monster collection of media networks, much of Disney’s allure for investors lies in its diversity, and The Motley Fool’s new premium research report lays out the case for investing …read more
Source: FULL ARTICLE at DailyFinance