Todd Mitchell News
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DirecTV, the largest U.S. satellite- television provider, rose the most in four years to an all-time high after reporting first-quarter profit that topped estimates, bolstered by Latin American subscriber growth.
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Dish Network Corp., the second- largest U.S. satellite-television provider, reported fourth- quarter profit that trailed estimates after the cost of acquiring customers rose.
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DirecTV is focusing on adding subscribers to its Latin American business and isn’t considering an initial public offering or spinoff of the unit, Chief Executive Officer Mike White said.
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Dish Network Corp. has amassed a record amount of cash through bond sales as the second-largest U.S. satellite-television provider seeks to expand into the wireless business to offset a decline in its core customer base.
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Dish Network Corp., the second- largest U.S. satellite-television provider, reported profit that trailed analysts’ estimates after losing subscribers.
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THQ Inc., the video-game maker that reported a quarterly loss yesterday, tumbled 30 percent after an analyst said the company may need to draw on a revolving line of credit.
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U.S. stocks advanced, rebounding from an earlier decline in the Standard & Poor’s 500 Index, as Americans prepared to vote in the presidential election.
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Cablevision Systems Corp., the fifth- largest U.S. cable provider by subscribers, fell the most in two months after lower pricing led to a bigger drop in cash flow than some analysts estimated.
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Charlie Ergen went almost three years without an acquisition after splitting up his satellite- television empire in 2008. Since December, he has cut five deals and may soon have a sixth.
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Dish Network Corp. , the second- largest U.S. satellite-television provider, fell the most in more than a year in U.S. trading after losing subscribers last quarter.
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