Tag Archives: bad-request

Facebook Price Target Increased Ahead of Q2 Earnings

Explosive video growth and the broad opening of the Instagram platform among advertisers got Facebook (FB) a price target increase by Cowen & Co. Cowen analyst John Blackledge raised his price target on Facebook to 100 from 94 and maintained an outperform rating. “Investment sentiment has been positive in 2015 for Facebook shares, but has grown incrementally more positive recently in our view,” Blackledge wrote in a research note. Facebook stock

Malone’s Discovery Renews Comcast Carriage Deal

Discovery Communications’ (DISCA) stock climbed after the owner of cable networks such as Discovery Channel, Animal Planet and TLC renewed its carriage agreement with Comcast (CMCSA). Financial terms of the Discovery-Comcast programming deal were not disclosed. Cable TV firms pay fees to carry cable channels. The deals usually last eight to 10 years. Media firms, though, have been impacted by subscriber losses as cable TV customers switch to Web

Teva Drops Mylan Chase To Buy Allergan Generics Unit

Israeli drug giant Teva Pharmaceutical Industries (TEVA) dropped its hostile bid for Mylan (MYL) and instead agreed to buy the global generic-drug business of Allergan (AGN) Monday. Teva’s and Allergan’s stocks both jumped, while Mylan’s plunged. Teva agreed to pay $33.75 billion in cash and $6.75 billion in stock for Allergan’s Actavis business, with Allergan retaining 50% of the future money from Teva’s generic lenalidomide, better known as