Boston, MA 03/27/2014 (wallstreetpr) – News reports that DISH Network Corp (NASDAQ:DISH) and Direct TV were in high-level merger talks helped shares of the two satellite television providers to pop during trading Wednesday. The story goes that Dish chairman Charlie Ergen and Direct TV CEO Mike White reached out to each other recently with proposal to bring the companies under one roof. The latest development in the television market followes the recently announced acquisition deal between Time Warner Cable Inc (NYSE:TWC) by Comcast, a deal valued at $45 billion, but whose clearance awaits regulators. While television providers are looking for strategies to keep their businesses growing while maintaining low costs and expenses in their operations, with takeover and mergers being considered across the industry in the U.S., regulators pose the biggest hurdle to companies seeking to join forces. By closing bell, shares of DISH Network Corp (NASDAQ:DISH) were up 6.28 percent to $62.09, after trading heavy amount of shares.
After posting solid results recently, Dollar General Corp. (NYSE:DG) had a different news to report. A masked man broke into the discount retailer’s Branch Avenue store in east Nashville on Wednesday around 3 a.m. The suspect is reported to have run away just before the police arrived at the scene. The incident was captured on a camera, the police said. Without much detail available about the suspect known, police are investigating the matter. Emerging from a solid quarter, Dollar General Corp. (NYSE:DG) projects to earn between $0.72 and $0.74 per share in the first quarter. And for the full-year 2014, the company has its EPS target in the range of $3.45 – $3.55. Sales are expected to grow between 8 and 9 percent. Shares jumped 0.71 percent in the previous session to $55.59.
Lightbridge Corp (NASDAQ:LTBR), a provider of nuclear fuel solutions, witnessed its shares surging exactly 6 percent to $3.18 by closing bell Wednesday. The heavy volume session saw shares changing hands between $3 and $3.19 per share throughout the day, having started off at $3.06. The stock shifted hands between low of $1.32 and high of $3.79 in the past one-year time-frame.