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U.S. Morning Call: Sony Leads the Pack with Web TV

Friday, August 16, 2013 - 03:27

Aug 16 - Sony is out in front with a preliminary deal with Viacom to carry some of the media giant's more popular channels like Nickelodeon and MTV.

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Guess packet online TV race the answer your Friday morning call and it may surprise. So out front with a preliminary deal with Viacom to carry the media giants channels such as MTV Comedy Central and Nickelodeon. On Sony plant paid TV web service that would stream -- its playstations and TDs. This is the first major content deal in the race to make went TV -- and other tech companies like Google Intel and apple. -- service would offer consumers yet another alternative and watching video online which could just dropped on demand services like Netflix Amazon. Not to mention cable satellite phone companies that sell subscription TV services. Stock futures painting -- right -- markets picture for today after the Dow suffered its worst decline since June. Fears intensifying that the federal reduce its stimulus in September. You -- Bob doll told CNBC the stock market isn't pause mode. And may be that way for awhile. Thursday's sell off could be a fast forward look at how that tapering might expect interest rates and markets. Meanwhile the bond market got a reprieve this past week seeing inflows of one point three billion dollars after weeks outflows. According to Lipper data. We may get more data to support curbing stimulus with the release of July housing starts. -- things last month's residential construction numbers should see rebounds. And that their current scrambled to get into housing before long term rates climb should be pushing single family construction up -- So stocks to watch including Wal-Mart which took a blow from Jefferies which cut its price target to 86 dollars from 9 dollars this morning. Shares fell two and a half percent after reporting its earnings miss in -- Wal-Mart and other change that cater to middle and lower income Americans say they are feeling the pinch of an even economic recovery. -- getting hit the most the company reported a 72%. Slide in quarterly earnings as PC sales extended their downward spiral. Take over battle with Carl Icahn certainly not helping shares lower in premarket. And -- shares getting a boost this morning with Goldman Sachs upgrading the stock from neutral to buy. And raising its price target for eighteen dollars to 27. Analysts saying he's encouraged by three quarters of accelerating mobile ad revenue and subscription ground. US bankruptcy judge pump the brakes on a restructuring plan for American Airlines. This comes after the Justice Department sued to block its proposed merger with US Airways. The judge was expected to approve the plan. US Airways is down about 17% since the DOJ announcement came on Tuesday. And has traced all the fire extinguishers 177. Dreamliner to its supplier according to the Wall Street Journal. The company said there was no risk to flight safety. That's according copper Friday remember to follow us on Twitter app Reuters Insider and get more break it and Reuters dot com slash later. Athletes that are part it --

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U.S. Morning Call: Sony Leads the Pack with Web TV

Friday, August 16, 2013 - 03:27