CBS-Time Warner Cable Spat Ends and 3 More Hot Stocks
CBS Corp. (NYSE:CBS): A monthlong blackout of CBS programming for Time Warner Cable (NYSE:TWC) customers has come to a welcome end. The two companies have reached an accord that, according to observers, leans heavily toward the broadcaster. CBS reportedly won a big increase in tariffs although below the $2 per month per subscriber it was seeking; few further details were disclosed. The terms exclude most “out-of-home” rights that allow viewers to watch shows on tablets and mobile phones.
Amazon.com Inc. (NASDAQ:AMZN): Amazon is now offering Kindle copies of books that customers have already bought the print copy of at any time in Amazon’s history for $2.99 or less — even free, in some cases. Known as Kindle MatchBook, the program initially supports more than 10,000 titles and is expected to give some revitalization to the slowing e-book market, which has seen a large decline in market growth.
ING Groep N.V. (NYSE:ING): An initiation at Buy from UBS puts the icing on the cake for the company, which was awarded with numerous upgrades through August after it reported second-quarter earnings, which showed the company making great progress on its restructuring efforts.
General Motors Co. (NYSE:GM): GM announced that it will be recalling 4,000 Chevrolet Sail vehicles in India to repair a faulty engine part. The action, which is the latest in a string of issues for the automaker in India, will repair a problem with the crankshaft hub bolt that can potentially affect performance but does not have any safety ramifications.