HP Denies Syria Rumors and 3 Dow Movers to Track
Verizon Communications (NYSE:VZ): AMC Networks is faced with a disconnect from Verizon FiOS on December 31st, just weeks after services were restored to the subscribers of Dish Network, as the contract that AMC signed between the No. 2 DBS operator and the programmer in 2006 expires on that date. Content such as Mad Men, Breaking Bad and zombie hit The Walking Dead, TV’s top series among persons 18 to 49, will be affected. On November 25th, the programmer started running a commercial and a crawl on AMC saying that Verizon customers could lose access to “favorite Hollywood movies and AMC’s award-winning original series,” with images of The Walking Dead, Mad Men and Breaking Bad. The crawl encourages Verizon customers to “make your voice heard and act now”also listing the phone number 855-8-Keep-On and http://www.keepamcnetworks.com/.
The Walt Disney Company’s (NYSE:DIS) Lincoln, a DreamWorks (NASDAQ:DWA) film distributed by Disney, along with strong showings from runner’s up Skyfall, from Sony’s (NYSE:SNE) Columbia Pictures and Metro-Goldwyn-Mayer drove an all-time Thanksgiving week record of around $290 million from Wednesday to Sunday, according to Hollywood.com to The New York Post. Meanwhile, Lionsgate’s (NYSE:LGF) Breaking Dawn-Part 2, grossed $43.1 million from Friday to Sunday.
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Hewlett-Packard Company (NYSE:HPQ) says that it did not knowingly sell its tech to Syria, according to the Wall Street Journal from a letter to the Securities and Exchange Commission. In 2011, reports emerged that HP’s technology was being exploited as part of a surveillance program by the government of Syria, but the firm claims that the products thought to have been sold to Syria were procured from a partner “that was not informed of the ultimate destination for those products.”
Wal-Mart Stores (NYSE:WMT) was among the top retailers like Macy’s (NYSE:M) that reported strong traffic through the weekend, but that trend seemed to stall a bit at some of the smaller specialty retailers by Saturday, says Reuters. Ken Perkins, president of the data-monitoring company Retail Metrics, said that at Abercrombie & Fitch Co. (NYSE:ANF) traffic “really slowed off on Friday afternoon and Saturday.” Also, some analysts faulted J.C. Penney & Co. (NYSE:JCP) for not opening until Friday morning, causing them to lose shoppers to Target Corporation (NYSE:TGT) and Macy’s.
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