Cable company Charter buying Time Warner Cable for $55.3B NEW YORK- Charter Communications will spend $55.33 billion to acquire Time Warner Cable in a cash-and-stock deal that would instantly create one of the largest TV and Internet providers in the U.S. The deal comes a month after Comcast walked away from a bid for Time Warner Cable after intense pressure from regulators. The deal for Time Warner Cable was backed by...
Source: The Associated Press
| By: By TALI ARBEL, AP Business Writer
Spanish and Greek concerns peg back European shares *Ryanair's shares rise after airline's profits surge. LONDON, May 26- European stock markets stumbled on Tuesday, as Greece's debt problems and a battering for Spain's government in local elections offset a rise in airline shares. Irish airline Ryanair surged 6.3 percent after posting higher profits.
| By: Sudip Kar-Gupta
UPDATE 1-Charter to buy Time Warner Cable in $78.7 bln deal May 26- Charter Communications Inc said it would buy Time Warner Cable Inc in a deal valued at $78.7 billion, as the second and third largest U.S. cable operators look to better compete with market leader Comcast Corp. The equity portion of the deal is $55.76 billion based on Time Warner Cable's diluted shares outstanding as of March 31. The offer values each Time...
Charter to buy Time Warner Cable in a $78.7 bln deal May 26- Charter Communications Inc said it would buy Time Warner Cable Inc in a cash-and-stock deal that values the larger rival at $78.7 billion, to compete with No. 1 U.S. cable services provider Comcast Corp..
10 questions with Bernie Sanders Presidential candidate Sen. Bernie Sanders sits down with CNBC's John Harwood to talk about income inequality, Wall St. greed and Hillary Clinton.
| By: John Harwood
Dollar on upward track, at eight-year high vs yen The dollar rose 1 percent against a basket of currencies on Tuesday, extending gains since a round of improved inflation data last Friday and driving the euro below $1.09 for the first time in a month.
Europe shares hit by Spanish, Greek concerns after long weekend LONDON, May 26- European shares fell on Tuesday, the first day of the trading week for several markets after a long holiday, with a local-election battering for Spain's government and Greece's ongoing debt drama offsetting bumper airline results. Although Monday's poor local election result for the Madrid government had already hit Spanish stocks on Monday,...
FOREX-Dollar back on upward track, hits eight-year high vs yen WARSAW, May 26- The dollar rose 1 percent against a basket of currencies on Tuesday, extending gains since a round of improved inflation data last Friday and driving the euro below $1.09 for the first time in a month. In the first proper trade in London since a long holiday weekend, some pointed to growing nerves over Greece, as well as a fall back in German government...
| By: Patrick Graham
COLUMN-LME zinc bulls get fooled again: Andy Home SINGAPORE, May 26- Appearances can be deceptive and never more so than when it comes to trading on the London Metal Exchange. Three-month metal was on a surge last month, powering up from a March low of $1,981.00 per tonne to an early May high of $2,404.50. Last week's delivery of 36,375 tonnes of zinc onto warrant at Johor in Malaysia blew away the tightness and sent...
| By: Andy Home