On June 25, 2014, in a decision with precedent setting implications, the United States Supreme Court ruled that Aereo, a start-up backed by IAC/InterActiveCorp (NASDAQ:IACI)’s Barry Diller, is in violation of U.S. copyright laws by selling its customers a technology that allows them to watch copyrighted content over the internet at the same time the programming is broadcast over the air. Aereo is a technology company based in Long Island City, New York that uses tiny antennas to stream over-the-air broadcast television channels to internet connected devices. IAC/InterActiveCorp (NASDAQ:IACI) net profit margin is 8.90% and weekly performance is 0.62%. On last trading day company shares ended up $69.28. Analysts mean target price for the company is $74.53. IAC/InterActiveCorp (NASDAQ:IACI) distance from 50-day simple moving average (SMA50) is 4.69%.
AOL, Inc. (NYSE:AOL) Canada announced the launch of Kitchen Daily Canada, , a food website designed to help busy home cooks put easy and delicious meals on the table every day. As the latest Canadian addition to AOL’s #1 ranked ad-supported Lifestyle group of sites*, Kitchen Daily Canada focuses on providing inspiration, confidence and instruction for the everyday chef, and features content from a wide variety of expert content curators, including the celebrated Chef Susur Lee as launch guest editor AOL, Inc. (NYSE:AOL) shares fell -0.18% in last trading session and ended the day on $38.68. AOL Gross Margin is 31.50% and its return on assets is 2.60%. AOL, Inc. (NYSE:AOL)quarterly performance is -10.07%.
Demand Media Inc (NYSE:DMD) shares moved down -1.92% in last trading session and was closed at $4.60, while trading in range of $4.53 – $4.69. Demand Media Inc (NYSE:DMD) year to date (YTD) performance is -20.28%.
On Jun 16, 2014, Spark Networks Inc (NYSEMKT:LOV) announced that the Company’s Board of Directors (the “Board”) has rescheduled the Company’s 2014 Annual Meeting of Stockholders (the “Annual Meeting”) to be held on Friday, June 27, 2014 at 2:00 P.M. Pacific Daylight Time at 333 South Grand Ave., Los Angeles, CA 90071. The record date for the Annual Meeting has not changed. The Annual Meeting was originally scheduled to be held at 9:00 A.M. Spark Networks Inc (NYSEMKT:LOV) ended the last trading day at $5.33. Company weekly volatility is calculated as 5.70% and price to cash ratio as 11.66. Spark Networks Inc (NYSEMKT:LOV) showed a positive weekly performance of 1.72%.
Jefferies Group assumed coverage on shares of CBS (NYSE:CBS) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm issued a buy rating on the stock. CBS Corporation (NYSE:CBS) shares moved down -0.78% in last trading session and was closed at $61.99, while trading in range of $61.51 – $62.75. CBS Corporation (NYSE:CBS)year to date (YTD) performance is -2.38%.