DISH Blazes Higher and 3 Hot Stocks Trading Now
Dish Network (NASDAQ:DISH) announced plans to beam TheBlaze, conservative radio talk show host Glenn Beck’s online network, the move apparently aimed to beef up the network’s offering of news and commentary as a prelude to the presidential election.Though financial terms were not disclosed, consumers get the option to view the channel as a part of a bouquet or separately by paying $5 per month. It’s a moot point whether offering such content could stymie the loss of net customers to alternatives such as Sirius XM Radio (NASDAQ:SIRI).
According to Bloomberg, GE (NYSE:GE) is mulling a sale of its holding in the Bank of Ayudhya, Thailand, as a part of its continuing strategy to downsize its GE Capital unit. GE’s 33 percent stake in the Thai bank, which has a market cap of $6.7 billion, could value at around $2.2 billion.
In a move to achieve its asset sale target for the year of $13-14 billion, Chesapeake Energy (NYSE:CHK) enters into multiple agreements for the sale of most of its Permian assets and others. The sale would net $6.9 billion and a part of the realization would go to extinguishing terms loans taken during the fourth quarter.
An abnormal rise in the sales of addictive prescription painkiller oxycodone at some retail locations has led to the DEA cancelling the controlled substance registrations of two CVS Caremark (NYSE:CVS) pharmacies in Florida. According to the DEA, CVS and its wholesale suppler Cardinal Health should have been alerted by the sharp sales increase and concluded the drugs were making their way into the grey market.
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