NASCAR makes offer for International Speedway, owner of its racetracks

NASCAR makes offer for International Speedway, owner of its racetracks
NASCAR has offered to purchase International Speedway Corp. ISCA, -1.11% which owns and operates 13 of the race-car circuit’s tracks. According to a release lat Friday, NASCAR offered $42 a share for all of the shares not currently owned by the France family, which largely owns and controls NASCAR and owns about 1.4% of ISC, according to FactSet. “The intention... Read More

Major Averages Close Mixed After Fed Leaves Rates Unchanged – U.S. Commentary

Major Averages Close Mixed After Fed Leaves Rates Unchanged – U.S. Commentary
Following the rally seen in the previous session, stocks fluctuated over the course of the trading session on Thursday. Despite the choppy trading, the Dow inched up to its best closing level in a month. The major averages ended the day on opposite sides of the unchanged line. While the Dow crept up 10.92 points or less than a tenth... Read More

Verizon to reorganize into three customer-facing businesses Jan. 1

Verizon to reorganize into three customer-facing businesses Jan. 1
Verizon Communications Inc. VA, +1.13% said Monday it is planning to reorganize into three consumer-facing areas of consumer, business and Verizon Media Group / Oath, to boost growth opportunities as 5G technology takes hold. The company said the changes will become effective Jan. 1 and that it expects to transition to financial reporting under the new structure in the second... Read More

SeaWorld earnings rise, revenue beat expectations

SeaWorld earnings rise, revenue beat expectations
SeaWorld Entertainment Inc. SEAS, -1.57% reported third-quarter earnings that rose from a year ago and revenue that exceeded expectations, as new pricing strategies and marketing initiatives helped drive improved attendance. The stock was still inactive in premarket trade. Net income increased to $95.99 million, or $1.11 a share, from $55.03 million, or 64 cents a share, in the same period... Read More

SeaWorld’s stock surges after KeyBanc upgrades, sets target at 4 1/2-year high

SeaWorld’s stock surges after KeyBanc upgrades, sets target at 4 1/2-year high
Shares of SeaWorld Entertainment Inc. SEAS, +0.93% surged 3.4% in premarket trade Thursday, after KeyBanc Capital analyst Brett Andress upgraded the theme park operator, saying the recent selloff had created an “attractive entry point.” Andress raised his rating to overweight, after being at sector weight since August 2017, and introduced a stock price target of $35, which is 34% above... Read More

AT&T’s WarnerMedia shuts down indie film streamer FilmStruck

AT&T’s WarnerMedia shuts down indie film streamer FilmStruck
AT&T Inc.’s T, -2.23% WarnerMedia is shutting down indie film streamer FilmStruck, FilmStruck announced Friday. “We would like to thank our many fans and loyal customers who supported us. FilmStruck was truly a labor of love, and in a world with an abundance of entertainment options,” FilmStruck said in a note on its website. WarnerMedia announced earlier this month it... Read More

Fox’s new OTT streaming service will launch in November

Fox’s new OTT streaming service will launch in November
21st Century Fox Inc’s FOXA, +1.16% Fox News will debut its new on-demand subscription-based service Fox Nation on November 27, John Finley, the company’s senior vice president of development and production, announced Thursday. Sean Hannity, Tucker Carlson, Laura Ingraham and Brit Hume will contribute programming to the new platform, which will be priced at $5.99 a month or $64.00 a... Read More