News 
Market Data 
Discover
Buying low / selling high / steady stacking
Greencake
Buying low / selling high / steady stacking
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Buying low / selling high / steady stacking
Shipping SECTOR... Charts....
G'Morning Gents
Ticketmaster, Live Nation rise on deal report
Wednesday February 4, 10:22 am ET
Reported Ticketmaster, Live Nation shares rise on report the companies are close to a deal
http://biz.yahoo.com/ap/090204/ticketmaster_live_nation.html?.v=1
NEW YORK (AP) -- If a reported deal between Ticketmaster Entertainment Inc. and Live Nation Inc. comes to pass, the combination will likely face regulatory hurdles, but if successful the combination would relieve competitive issues for both companies.
The Wall Street Journal reported Tuesday that an a merger between West Hollywood, Calif.-based Ticketmaster, the world's biggest ticketing company, and Beverly Hills, Calif.-based Live Nation, a concert promoter and artist-management company may be imminent. A deal would mark a strategic truce between companies that have begun intruding into each other's spheres in the entertainment industry.
Ticketmaster shares rose 98 cents, or 16 percent to $7.12 and Live Nation shares rose 66 cents, or 13 percent to $5.65 in morning trading.
"Such a deal would cap a year long process of increased competitiveness between the two companies," Thomas Weisel Partners analyst Benjamin Mogil wrote in a note to clients. The combination would allow Ticketmaster to avoid the competitive threat posed by Live Nation. Live Nation would gain access to more ticket sales.
The Journal, citing people familiar with the matter, said that neither companies' boards have signed off on a deal and it was not clear which company would be taken over. Mogil said Live Nation is the likely buyer based on market capitalization and momentum.
A combination would draw scrutiny from antitrust regulators because of the companies' influence in the music industry, but Mogil said regulatory hurdles are likely to be "manageable" given Ticketmaster already had Live Nation's ticketing rights up to Dec. 31. A deal would simply restore the status quo, he said.
With pacts struck in the fall, the companies moved into direct competition. Live Nation, the world's largest concert promoter, cut a deal in September to sell tickets at North American venues controlled by SMG, the venue management company. Ticketmaster, meanwhile, had accumulated a majority stake in Front Line Management Group Inc., a talent agency, by October.
Live Nation could benefit from a deal by gaining access to ticket sales at venues it doesn't operate or lease, a move the company hasn't been able to make Mogil said.
But for Ticketmaster, a merger may be more of a concession to rising competition. The company's "market position has been eroded considerably between the loss of the Live Nation contract" and sales at some SMG venues, Mogil said.
He added that without a deal Ticketmaster faces "the potential for more contract losses as Live Nation became increasingly aggressive in its pricing."
Ticketmaster stands to lose $140 million in revenue in 2009 and an additional $70 million in 2010 after Live Nation began selling tickets itself using technology and services from German ticketing company CTS Eventim, according to Mark Mahaney, an analyst at Citi Investment Research.
Ticketmaster, Live Nation rise on deal report
Wednesday February 4, 10:22 am ET
Reported Ticketmaster, Live Nation shares rise on report the companies are close to a deal
http://biz.yahoo.com/ap/090204/ticketmaster_live_nation.html?.v=1
NEW YORK (AP) -- If a reported deal between Ticketmaster Entertainment Inc. and Live Nation Inc. comes to pass, the combination will likely face regulatory hurdles, but if successful the combination would relieve competitive issues for both companies.
The Wall Street Journal reported Tuesday that an a merger between West Hollywood, Calif.-based Ticketmaster, the world's biggest ticketing company, and Beverly Hills, Calif.-based Live Nation, a concert promoter and artist-management company may be imminent. A deal would mark a strategic truce between companies that have begun intruding into each other's spheres in the entertainment industry.
Ticketmaster shares rose 98 cents, or 16 percent to $7.12 and Live Nation shares rose 66 cents, or 13 percent to $5.65 in morning trading.
"Such a deal would cap a year long process of increased competitiveness between the two companies," Thomas Weisel Partners analyst Benjamin Mogil wrote in a note to clients. The combination would allow Ticketmaster to avoid the competitive threat posed by Live Nation. Live Nation would gain access to more ticket sales.
The Journal, citing people familiar with the matter, said that neither companies' boards have signed off on a deal and it was not clear which company would be taken over. Mogil said Live Nation is the likely buyer based on market capitalization and momentum.
A combination would draw scrutiny from antitrust regulators because of the companies' influence in the music industry, but Mogil said regulatory hurdles are likely to be "manageable" given Ticketmaster already had Live Nation's ticketing rights up to Dec. 31. A deal would simply restore the status quo, he said.
With pacts struck in the fall, the companies moved into direct competition. Live Nation, the world's largest concert promoter, cut a deal in September to sell tickets at North American venues controlled by SMG, the venue management company. Ticketmaster, meanwhile, had accumulated a majority stake in Front Line Management Group Inc., a talent agency, by October.
Live Nation could benefit from a deal by gaining access to ticket sales at venues it doesn't operate or lease, a move the company hasn't been able to make Mogil said.
But for Ticketmaster, a merger may be more of a concession to rising competition. The company's "market position has been eroded considerably between the loss of the Live Nation contract" and sales at some SMG venues, Mogil said.
He added that without a deal Ticketmaster faces "the potential for more contract losses as Live Nation became increasingly aggressive in its pricing."
Ticketmaster stands to lose $140 million in revenue in 2009 and an additional $70 million in 2010 after Live Nation began selling tickets itself using technology and services from German ticketing company CTS Eventim, according to Mark Mahaney, an analyst at Citi Investment Research.
GOK Charts (3.21)
GOK Charts $3.21
GOK Charts $3.21
NGD Charts $2.21
JCI Charts $12.22
NGD Charts $2.21
JCI Charts $12.22
perhaps we can add one more.....JCI
FORD SELECTS BATTERY SUPPLIER FOR PLUG_N HYBRID
WASHINGTON (Reuters) - A partnership between Johnson Controls Inc and France's Saft will supply a complete battery system for Ford Motor Co's first plug-in hybrid, due out in 2012, Ford said Tuesday.
Ford also said ahead of the Washington Auto Show that seven utilities, including Consolidated Edison Inc, American Electric Power Co and Michigan's DTE Energy Co, will join its ongoing research effort to test rechargeable plug-ins and assess their impact on the electrical grid.
Ford has not identified a vehicle to market but is testing a fleet of Escape hybrid sport utilities with its research partners.
"We are at the point where we need to work with the battery supply base, the utility industry and the government in order to find ways to make electrified vehicles an affordable proposition for consumers," said Sue Cischke, Ford group vice president for environment and safety.
"Plug-in hybrids hold great promise but do still face significant obstacles to commercialization," Cischke said.
The development adds new momentum in the race among major auto companies to develop mass-market batteries and roll out a commercially viable plug-in.
Ford selected Washington for its announcement with the most senior transportation, energy and environmental officials from the freshly minted Obama administration scheduled to attend the auto show on Tuesday.
President Barack Obama has expressed strong support for advancing hybrid technology and alternative fuels as means to reduce gasoline consumption, cut tailpipe emissions, and lift Ford and the other U.S. auto manufacturers and suppliers out of their worsening financial tailspins.
Automakers are lobbying Congress to include battery funding initiatives and plug-in tax breaks in U.S. economic stimulus legislation now before the Senate.
Plug-in designs envision vehicles running on electricity alone for short distances and recharging via a household electrical outlet.
Johnson Controls Saft will develop a lithium-ion battery for Ford's plug-in vehicle. The five-year supply agreement includes a target of 5,000 units per year.
Johnson Control Saft recently signed a contract to provide batteries for BMW AG's 7 series hybrid car.
General Motors Corp last month announced that South Korea's LG Chem Ltd would supply battery systems for the Chevrolet Volt plug-in, due out in 2010.
Chrysler LLC, which along with GM received a government bailout in December, has shown off three electric car prototypes and said it intends to sell one by next year as well. But analysts say Chrysler trails rivals in this area.
Japan's Toyota Motor Corp plans to market a test fleet of rechargeable hybrids to companies or government agencies by the end of next year.
Toyota, a global sales giant with its leading Prius hybrid, is also preparing to build a factory to produce the next generation lithium ion batteries for plug-ins and electric-only vehicles.
I've been fond of that stock in the past... I can see it your message coming to fruition.... traded a little thin, but hey a bagger is a bagger...... lol ... GL
.... nice call TK....
BDI off the bottom nicely.....
... nearly 100 points
http://www.imarex.com/home/bdi_futures_closing_prices
http://www.investmenttools.com/futures/bdi_baltic_dry_index.htm
AI
