On Wednesday, Grupo Televisa SAB (ADR) (NYSE:TV)’s shares inclined 0.89% to $37.44.
Foxa and Grupo Televisa SAB (ADR) (TV) two companies with ties to sports marketing companies at the heart of the controversy regarding sponsorship rights to the world soccer games, are staying mum on the connections.
Fox reportedly holds a more than 50% stake in T&T Sports Marketing LLC, a joint venture between Traffic Group and Torneos y Competencies, The Wall Street Journal reports. The two firms were at the center of a scandal that resulted in a 47-count indictment for charges of racketeering, wire fraud and money laundering conspiracies that comprised of nine FIFA (Federation International de Football Association) officials.
Both Fox and DirecTV, which is pending a $48.5 billion acquisition by AT&T (T), have attained rights to noteworthy soccer events through Traffic Group, a Brazilian company that bought and resold soccer rights, and Torneos, an Argentine sports marketing firm, the report said, citing “people familiar with the businesses.”
In fact, broadcast satellite service provider DirecTV holds a 40% stake in Torneos, with four seats on Torneos’ nine-seat board. Torneos, in turn, own a stake of Datisa, which allegedly attained rights to Copa America tournament, this year hosted in Chile June 11 to July 4, with in part more than $1 million in bribes to soccer officials. DirecTV did not return calls for comment.
Meanwhile, Fox’s connections with Torneos and Traffic Group comprise a more than 50% stake in a joint venture between the two called T&T Sports Marketing LLC, although with reportedly no operational interest. FOX spokesman Nathaniel Brown declined to comment on the ties, saying the company was not issuing a statement on the matter.
Grupo Televisa, S.A.B. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Telecommunications, and Other Businesses. The Content segment is involved in the production of television programming and nationwide broadcasting of Channels 2, 4, 5, and 9; the sale of advertising time on programs; and the production of television programming and broadcasting for local television stations in Mexico and the United States.
LPL Financial Holdings Inc (NASDAQ:LPLA)’s shares gained 3.84% to $47.30.
LPL Financial Holdings Inc (LPLA) declared that it has welcomed Mutual Financial Group (“Mutual Financial”), the insurance and wealth administration services partner of Bank Mutual, to its institution services platform. Based on prior business, Mutual Financial stated servicing about $150 million of investment assets, as of May 31, 2015**.
The bank presently has 12 financial advisors serving Bank Mutual’s extensive network of bank offices in Wisconsin and Minnesota, and it is seeking to grow its wealth administration program. Its financial representatives build portfolios designed to be unique to the investment needs of its wide-ranging client base, and utilize its accessibility to insurance and investment planning and products, advisory products, brokerage services and wealth administration services.
LPL Financial Holdings Inc., together with its auxiliaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings comprise variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income products, and alternative investments; and insurance offerings comprise personalized advance case design, point-of-sale service, and product support for a range of life, disability, and long-term care products.
At the end of Wednesday’s trade, Comerica Incorporated (NYSE:CMA)‘s shares surged 1.48% to $52.24.
Comerica Incorporated (CMA) will declare its second quarter 2015 earnings prior to the market opening on Friday, July 17, 2015.
Comerica will host a conference call to review second quarter 2015 financial results at 8 a.m. CT Friday, July 17, 2015. Interested parties may access the conference call by calling (877) 523-5249 or (210) 591-1147 (event ID No. 61399381). The call and a replay also will be accessible for one year via Comerica’s “Investor Relations” page at www.comerica.com.
Comerica Incorporated, through its auxiliaries, provides various financial products and services. It operates through three segments: Business Bank, Retail Bank, and Wealth Administration. The Business Bank segment offers various products and services, such as commercial loans and lines of credit, deposits, cash administration, capital market products, international trade finance, letters of credit, foreign exchange administration services, and loan syndication services to middle market businesses, multinational corporations, and governmental entities.
Chegg Inc (NYSE:CHGG), ended its Wednesday’s trading session with 1.95% gain, and closed at $7.85.
Chegg Inc (CHGG) declared a partnership to create a groundbreaking nationwide tracking survey of career outcomes for recent college graduates. The Outcomes Survey®, which CSO Research presently conducts on behalf of more than 120 schools, provides rich insights on how recent grads fare right away after commencement and at three, six and 12 months after finishing their studies at specific schools. In partnership with Chegg, The Outcomes Survey will now be expanded into a national study of more than 200,000 members of the class of 2015.
Return on investment in college has been questioned as students are finding themselves unemployed1, underemployed2 or in a job outside their chosen field3. Further, 50% of recent graduates do not feel that college prepared them well for employment, and only 39% of hiring managers felt recent graduates was prepared for employment in their field of study4. Outcomes data can be important to students and parents in deciding where to attend college as more than half of recent grads would pick a different major or school if they could make their college choices over again5.
Chegg, Inc. operates student-first connected learning platform that empowers students to take control of their education to save time, save money, and get smarter. The company, through its Student Hub, rents and sells print textbooks; and provides eTextbooks, supplemental materials, Chegg Study service, textbook buyback, courses, internships, and college admissions and scholarship services, in addition to offers enrollment marketing and brand advertising services. Chegg, Inc. has a planned alliance with Ingram Content Group Inc.
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