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Zacks Analyst Blog Highlights: Diamond Offshore Drilling, Inc., Marriott International, BJ’s Restaurants, Inc., News Corporation and CEMIG – Press Releases

Zacks Market Commentaries (April 27th, 2009) Writes:
For Immediate Release

Chicago, IL - April 27, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Diamond Offshore Drilling, Inc. (DO), Marriott International (MAR), BJ's Restaurants Inc. (BJRI), News Corporation (NWS) and CEMIG (CIG).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Friday's Analyst Blog:

Diamond Offshore Glitters

Deepwater drilling powerhouse Diamond Offshore Drilling, Inc. (DO) reported better-than-expected first-quarter earnings and announced another special dividend. We see few signs of the downturn in oilfield activity levels in Diamond's quarterly report -- a trend that we see continuing for many quarters to come.

...

NewsCorp: More Top-Level Changes – Analyst Blog

Zacks Market Commentaries (April 24th, 2009) Writes:
More Management Changes at NewsCorp Since posting a weaker than expected 2Q09 financial result on February 5, 2009, the year so far for News Corporation (NWS) has been marked by a number of key personnel changes. Commencing with the stepping down of long-time employee, President and Chief Operating Officer and CEO of the Fox Group Peter Chernin, followed by the appointment of former AOL CEO Jonathan Miller to the position of Chairman and Chief Executive Officer, Digital Media Group and Chief Digital Officer for News Corporation.Finally, on Tuesday of this week,  the company announced that MySpace CEO Chris DeWolfe would not be renewing his contract and stepping down in the near future. However, Mr. DeWolfe would remain on the board of MySpace China and continue to act as strategic advisor to the company.In the company's 2Q09 conference call, Chairman and CEO Rupert ...

The MySpace Makeover – Zacks Tale of the Tape

Zacks Market Commentaries (April 23rd, 2009) Writes:

As experts speculated if News Corp. (NWSA) would be the next media giant to succumb to the global recession, Rupert Murdoch's company announced a major management shake-up that ousted founders of MySpace from their current positions.

Chief Executive Chris DeWolfe and President Tom Anderson, who founded the social-networking website, are soon expected to step aside "by mutual agreement". While DeWolfe's exit is involuntary, Anderson is in talks about a continued role with MySpace. DeWolfe, whose contract was not due to expire until October, will remain on the board of MySpace China.

According to the Wall Street Journal, DeWolfe is likely to be replaced by former Facebook Chief Operating Officer Owen Van Natta. MySpace was the world's largest social networking website before Facebook claimed that position in 2008. Van Natta left Facebook early last year and is currently the chief executive at a digital music startup called Project Playlist.

...

Newsletter

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