4 Consumer Stock Stories For Third-Quarter Investment Shopping
Time Warner (NYSE:TWX): Closing price $58.30
Time Warner and the developer Related Cos. are in advanced talks through which to move the former’s headquarters to a planned 80-story skyscraper in Manhattan’s far West Side, in a deal that would help drive the growth of a long-planned new business district close to the Hudson River. As part of the agreement, Related would buy Time Warner’s current headquarters property for over $1.3 billion, according to multiple inside sources, who believe that a signed deal is likely weeks away and that the talks could still go awry. However, Time Warner is said to be negotiating exclusively with Related when, earlier in 2013, the media major was entertaining offers from several different owners and developers.
The Walt Disney Company (NYSE:DIS): Closing price $63.93
On Monday, Disney’s board announced that it has extended Chief Executive and Chairman Robert A. Iger’s tenure through the expiry of his contract on June 30, 2016, under his existing contractual terms as CEO. Orin C. Smith, Independent Lead Director of the Disney Board, said that for almost eight years as chief executive, Iger has proven he has the unique ability to drive creative and financial success at the worlds preeminent entertainment company. Disney has scored new heights during Igers tenure, with a total shareholder return of 193 percent which dramatically surpasses the S&P 500′s 54 percent, and a market capitalization that has risen to $113.7 billion from the $48.4 billion when he became CEO in 2005.
Nike (NYSE:NKE): Closing price $62.33
Nike is debuting its largest Converse store ever, with 8,200 square feet in the Union Square Shopping District in San Francisco. Alongside footwear, clothing and accessories, the new premises also offers Converse Customization, which is a personalization process for one-of-a-kind Converse items. Using iPads, shoppers may use their own designs, or choose from 150 available graphics, many of which are linked to San Francisco, and add different colored grommets and laces. Beyond that, the shop also sells a limited-edition Chuck Taylor All-Star San Francisco collection, containing graphics featuring local landmarks, for $65.
Netflix (NASDAQ:NFLX): Closing price $224.28
Netflix has reached a multi-year arrangement with Twentieth Century Fox Television that gives it exclusive domestic streaming rights to past seasons of New Girl, a comedy headlined by Zooey Deschanel. Starting Monday, Season 1 episodes of the Fox show will become available to Netflix’s streaming subscribers in the United States, with subsequent seasons coming after their broadcast run. The Netflix content chief Ted Sarandos commented in a statement that “We know our members love comedies and that they’ll enjoy watching all the current and future episodes of New Girl.”
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