Online TV streaming service Hulu, which is a joint venture of Comcast Corp.’s NBCUniversal, 21st Century Fox’s broadcasting company and The Walt Disney Co.’s , took a big step in the content wars over the weekend, by nabbing a content deal with Epix–owned by MGM Holdings Inc.’s MGM Studios, Lions Gate Entertainment Corp. and Viacom Inc.’s Paramount Pictures. This comes after Netflix Inc. decided not to renew its deal with Epix as the streaming giant continues its push for exclusive and original content. Netflix’s latest original show, “Narcos,” premiered on the site Aug. 28, garnering a 9.3-out-of-10 rating on IMDb. By locking down content from the pay-TV channel Epix, Hulu gains access to blockbuster films such as “Transformers: Age of Extinction” and “The Hunger Games: Catching Fire.”
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Online TV streaming service Hulu, which is a joint venture of Comcast Corp.’s NBCUniversal, 21st Century Fox’s broadcasting company and The Walt Disney Co.’s , took a big step in the content wars over the weekend, by nabbing a content deal with Epix–owned by MGM Holdings Inc.’s MGM Studios, Lions Gate Entertainment Corp. and Viacom Inc.’s Paramount Pictures. This comes after Netflix Inc. decided not to renew its deal with Epix as the streaming giant continues its push for exclusive and original content. Netflix’s latest original show, “Narcos,” premiered on the site Aug. 28, garnering a 9.3-out-of-10 rating on IMDb. By locking down content from the pay-TV channel Epix, Hulu gains access to blockbuster films such as “Transformers: Age of Extinction” and “The Hunger Games: Catching Fire.”
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Exelon Corp. and Pepco Holdings Inc. said Monday they would continue to push their merger proposal, arguing that it would offer long-term benefits to their customers and is in the public interest. Their comments made in a joint statement came after the D.C. Public Service Commission last week denied their application to merge, saying it was not in the best interests of ratepayers. “Not completing our merger would deny customers in the District of Columbia — as well as Delaware, Maryland and New Jersey — hundreds of millions of dollars in direct financial benefits, improved reliability and storm response, renewable energy projects, and commitments that will preserve their local utility’s role as a strong community partner and contributor to economic growth,”
said the statement. Exelon shares were indicating sharply higher in light, premarket trade, while Pepco shares were up less than 1%.
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Twitter Inc.’s stock jumped 2.8% in premarket trade Monday, after the social-networking company was upgraded at SunTrust Robinson Humphrey, which cited a series of potential positive catalysts and a “washed out” valuation. Analyst Robert Peck said some new monetization efforts Twitter has started, or is about to start, should boost revenue, such as the the Doubleclick partnership, buy button ads, video ads and the launch of the Twitter audience platform. Peck said new initiatives and partnerships, such as Google desktop and mobile search results and Project Lightening, could increase users and engagement. “Twitter’s stock has had a wild ride since it’s IPO, but we think the recent all time low levels provide a buying opportunity with: sentiment at a low, potential leadership & board stabilization, user & monetization catalysts coming shortly, and an attractive valuation,” Peck wrote in a note to clients. The stock has tumbled 27% over the past three months, compared with a 5.6% drop in the S&P 500, but has gained 10% since closing a record low of $24.38 last Tuesday.
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Intel Corp. was upgraded to outperform from market perform at Northland Capital Markets, which cited an improving outlook for the PC market and improved valuation after the recent selloff in the stock. Analyst Gus Richard kept his stock price target at $32, which is 13% above Friday’s closing price of $28.42. He believes he worst of the downturn in Intel’s PC business is over, now that the excess inventory post-Windows XP corporate refresh is cleared. Richard said the completion of the Altera acquisition is a positive catalyst, virtual reality is expected to boost its PC business in 2017 and the new 3DXpoint memory could be a game changer. “While it is too early to tell, Intel’s recently-announced 3DXpoint memory could provide a significant outperformance advantage over competitors,” Richard wrote in a note to clients. The stock eased 0.1% in premarket trade. It has tumbled 18% over the past three months, while the Dow Jones Industrial Average has shed 7.6%.
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China’s government has decided it will no longer make big stock purchases to support its stock market, and instead plans to go after those it believes are responsible for causing recent volatility, The Financial Times reported on Monday. The collapse in equities last week was partially blamed on a lack of support by authorities who have been intervening since early July. Around $200 billion has been spent on the market by a “national team” of state-owned investment funds and institutions over the past two months. Reports said officials intervened last Thursday as they wanted to provide a positive stock picture ahead of a military parade marking the 70th anniversary of the end of World War II. However, senior regulatory officials said this was a one-off, according to the FT, and authorities will now focus on punishing individuals. Chinese officials over the weekend punished nearly 200 people for spreading online rumors in connection with major news events, such as the stock-market turmoil.
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Zillow via Credit.comOne of these homes was listed for $139 million, and the other for a mere $13.9 million. Can you tell which is which?
By Michael Schreiber
Perusing homes out of one’s price range online may as well be a national pastime in America. Who doesn’t love imagining what it would be like to live someplace palatial, or even just gawk at these monster homes and their even bigger price tags?
In the world of real estate, however, there’s expensive and then there’s insanely expensive. The Credit.com team decided to take a look at two homes for this article, one of which is way out of our price range, the other of which is way, way, way, way, waaaaaaaaaay out of our price range.
The former is a seven-bedroom, nine-bath Florida home in Coral Gables, selling for $13.9 million. The latter is an 11-bedroom, 17-bath house, just up the road in Hillsboro Beach. The Hillsboro mansion was on the market for a mere $139 million before the listing was removed — perhaps indicating a sale, or perhaps a change of heart by the seller.
We wanted to see what the real difference is between the two places. Is the Hillsboro Beach place really 10 times the house? How could one even arrive at that price?
Who are we kidding? We really just wanted to look at the pretty pictures.
Let’s Start with the “Small” Place
Zillow via Credit.com
According to the listing on Zillow, here are the basics for the $13.9 million property in Coral Gables.
Seven bedrooms.
Nine bathrooms.
12,636 square feet.
2.07-acre lot.
Built in 1999.
Price per square foot: $1,104.
2014 property taxes: $96,863.
Parking: attached garage, four spaces.
And here are some of the highlights from description:
“A foyer with a grand chandelier and 28-foot ceilings opens to a formal living room with 30-foot tall ceilings….
“Perfectly manicured gardens permeate the scenery, and are complemented by a babbling brook, a resort-style pool with waterfall bridge, a sophisticated cabana with gourmet summer kitchen…
“While the canal does not support a large vessel, the estate comes with a deeded boat slip allowing up to a 60-foot yacht.
“Two downstairs wet bars, including one in a library lounge offers plenty of variety for entertaining…
“Across the hall from the library lounge is a home cinema….
“Take the elevator or the stairs to the second floor where a split plan finds the master suite set away from the other bedrooms.
“Special features include a 80 (kilowatt) generator with two buried 1,000 gallon propane tanks, mosquito misting system.”
So What Could $139 Million Get You?
Zillow via Credit.com
For those of you with $139 million burning a hole in your pocket, here …read more
U.S. stock futures tumbled in early trade on Monday, partly due to comments that China’s government will no longer support the stock market via big purchases of stock. Futures for the Dow industrials fell 206 points, or 1.2%, to 16,452, while those for the S&P 500 index dropped 25.45 points, or 1.3%, to 1,964.25. Futures for the Nasdaq 100 lost 38.25 points, or 0.9%, to 4,294.75. Investors were also mulling over comments from the Federal Reserve’s Jackson Hole Symposium over the weekend, which included a perceived hawkish speech from Vice Chairman Stanley Fischer. The end of the week will also bring crucial nonfarm payroll data. As for China, the Financial Times reported that China’s leaders feel they have allowed too much information to reach the public, destabilizing the stock market. Authorities instead plan to pursue and punish those they believe responsible for “destabilizing the market.” Oil prices also fell with October crude futures down 62 cents, or 1.4%, to $44.60 a barrel.
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