Nikkei's winning streak runs into profit-taking *Tomy falls after Marunouchi Capital sells entire stake. *Kyushu Electric rises after nuclear reactor restart announcement. TOKYO, May 26- Japan's Nikkei share average edged down on Tuesday morning, snapping a seven-day winning streak as investors took profits after the recent gains made on optimism over the economy's recovery and higher shareholder...
| By: Ayai Tomisawa
UPDATE 4-Charter Communications nears $55 bln deal for Time Warner Cable - sources May 25- Time Warner Cable Inc is nearing an agreement to be acquired by smaller peer Charter Communications Inc for about $55 billion, combining the second and third largest U.S. cable operators, people familiar with the matter said on Monday. A deal would create a major rival to Comcast Corp, the biggest operator in the U.S. cable and broadband market, and marks a...
| By: Liana B. Baker and Greg Roumeliotis
'Tomorrowland' takes top spot at box office on slow weekend Disney's expensive fantasy adventure essentially had Memorial Day weekend to itself, and still only pulled in a modest $41.7 million in its first four days in theaters according to Rentrak estimates on Monday. Disney put their full weight behind the Brad Bird- directed film with an ambitious George Clooney- led promotional campaign. Rentrak's Senior Media...
Source: The Associated Press
| By: By LINDSEY BAHR, AP Film Writer
Apple ditches TV plans According to the Wall Street Journal, Apple has quietly dropped its plans to make a TV. Nick Bilton, The New York Times columnist, and Gene Munster, Piper Jaffray analyst, offer their take on the no-longer expected launch.