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Charter deal seeks to keep cable consolidation on track

Charter Communications Inc. is said to be nearing a deal to buy Time Warner Cable Inc. for $55 billion. A: Cable companies are bulking up to survive as the number of cable and satellite TV subscribers slips- more consumers are "cutting the cord"- and competition from streaming video rises, thanks to rivals such as Netflix Inc. They also must fight TV channels over the...
Source: The Associated Press | By: By The Associated Press
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...
Source: Reuters | By: Liana B. Baker and Greg Roumeliotis
Six odd facts about Pac-Man, who turns 35 today

The arcade game turns 35 on Friday, and in the years since his debut, he has appeared on virtually every video game platform to hit shelves.
Source: CNBC.com | By: Chris Morris
And the most diverse cities in the US are...

Minorities will be the majority in the United States in 30 years, according to the Census Bureau. Some cities are already well on the way.
Source: CNBC.com | By: Jane Wells
Why GDP numbers don't add up: Economist  

John Ryding, RDQ Economics, says there are better ways to measure economic growth than current measures used by the government.
Source: CNBC.com
Gulf oil leak records cannot be kept secret, US judge says

NEW ORLEANS- A federal magistrate judge Wednesday rejected a company's bid to preserve the confidentiality of numerous emails and reports about its failed efforts to halt a decade-old Gulf of Mexico oil leak. The documents could be evidence in a lawsuit that a coalition of environmental groups, led by the New York City- based Waterkeeper Alliance, filed...
Source: The Associated Press | By: By KEVIN McGILL, Associated Press
Reading into the Fed minutes  

Lindsey Piegza, Sterne Agee, and Jerry Castellini, Castle Ark Management, join the Power Lunch team to discuss their reaction to the Fed minutes.
Source: CNBC.com
Europe closes higher; Greece and Fed in focus

European shares closed higher on Wednesday, but markets struggled to gain momentum amid worries about cash-strapped Greece.
Source: CNBC.com | By: Holly Ellyatt
Staples sales dip as stores close ahead of merger attempt

NEW YORK- Staples suffered a 36 percent decline in first-quarter earnings as businesses increasingly go digital, a shift that has compelled its attempted merger with Office Depot. Staples had been under pressure from the private equity firm Starboard Value LP to attempt to combine its business with Office Depot and earlier this year it did just that.
Source: The Associated Press
Nikkei rises to near 1-month high after Japan GDP; Takata dives

*Askul soars on share buyback, tie-up with Yahoo Japan. TOKYO, May 20- Japan's Nikkei share average rose to a near one-month high on Wednesday morning after better-than-expected economic growth buoyed sentiment, while Takata Corp tumbled after doubling a recall of air bags in the United States. "Headlines are nice, but if you look at the content carefully, there are...
Source: Reuters | By: Ayai Tomisawa