Comcast Rises on Buffett Buy
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Comcast&#39;s (CMCSA:Nasdaq - news - research) shares jumped 2% Tuesday on news that Warren Buffett had feasted on its shares.
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ComScore, a Reston firm that collects data on Internet consumer behavior, expects to raise as much as $71.4 million from an initial public offering of 5 million shares, the company said yesterday in a government filing.
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Comcast Corp, the largest U.S. cable  TV operator, posted on Thursday a 2 percent rise in quarterly  profit excluding one-time items but lost more basic video  subscribers than analysts had expected.
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Comcast Corp  said on  Thursday it would pay an annual dividend and set a 2009 target  to complete a stock buyback program, two actions aimed at  addressing investor demands to boost its share price.
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Warren Buffettâs Berkshire Hathaway snapped up a 60 percent stake in Marmon Holdings, the Pritzker familyâs  sprawling industrial conglomerate.
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Revenues and profits up - except in UK Computacenter shares jumped over five per cent this morning after the reseller posted better than expected interim results for the six months ended 30 June 2007.â¦
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U.S. stocks rose on Monday after  software maker PeopleSoft Inc. PSFT.O accepted rival Oracle  Corp.'s ORCL.O buyout offer and data showed  better-than-expected November retail sales, signaling an uptick  in consumer spending.
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Comcast Corp. CMCSA.O, the largest  U.S. cable operator, on Wednesday posted a quarterly profit  that fell short of Wall Street forecasts but reported  better-than-expected gains in high-speed Internet customers.
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Comcast Corp.  said on Thursday its quarterly profit tripled, but higher-than-expected spending plans for 2007 dragged down shares of the largest U.S. cable company and its rivals.
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In what has become as much of a Thanksgiving tradition as stuffed turkey and football, Comcast Corp. moved yesterday to raise New England cable television rates by an average 5.9 percent starting in January.
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The investment arm of Comcast Corp.  , the U.S. No. 1 cable operator, said on Friday it  will back a Silicon Valley start-up that develops chips to  enable super-fast Internet access and more high-definition  channels.
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Comcast Corp. and Time Warner Inc. are planning a joint bid for Adelphia Communications Corp. as part of a deal that could lead to a broad realignment of interests in the cable industry and increase Comcast's already dominant presence in the mid-Atlantic region.
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Wall Street opened higher on Tuesday after Warren Buffett, the billionaire investor, offered to take over $800bn in municipal bonds currently insured by bond insurers Ambac, MBIA (NYSE:MBI) and FGIC.
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The latest monthly data has carriers' shares lifting higher.
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Stock index futures rose on Friday, signaling a higher market open, after General Electric Co.  increased its stock repurchase plan, adding to investors' optimism after Thursday's record session.
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- Warren Buffett's Berkshire Hathaway Inc   further increased its stake in Burlington Northern Santa Fe Corp  this week to about 17.6 percent.
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Shares of Comstock Homebuilding moved sharply higher yesterday after an analyst upgraded his rating, saying the Reston firm had taken steps likely to allow it to avoid filing for bankruptcy protection.