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$NRG said that it has retired $337MM of corporate level debt YTD and bought back $345MM of its convertible preferred stock. The company said that it has entered into an agreement with NRG Yield to drop down its 51% interest in CVSR with $180MM in total cash consideration including financing proceeds.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.
It is official, with $T buying $TWX, it looks like distributors want to own the content production too. Expect some good competition between Netflix ($NFLX), AT&T, Comcast ($CMCSA) and others. However, will this be good for the consumers will not be decided soon.
$NFLX a monster move, going up. Expect making some money on Monday.