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On Feb. 16, 2016, $NAVI, its CEO and CFO were sued in the US Court for the District of Delaware, alleging that the company violated federal laws by making false statements to the public on its financial results, loan servicing practices and liquidity facilities. $NAVI intends to defend against the allegations.
$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.