Boards have long shunned speaking with investors. Now, they are being pressed to open up. The NYT reports.» Read More
*Time Warner shares up 16.9 percent. NEW YORK, July 16- Rupert Murdoch's 21st Century Fox Inc said on Wednesday that Time Warner Inc had rebuffed its offer to buy the company, but people familiar with his thinking say he is determined to bring the U.S. media conglomerate into his empire.
*Intel climbs on earnings, outlook. *Time Warner rebuffs $80 bln bid from 21st Century Fox. Time Warner shares jumped 16.4 percent to $82.63 as the best performer on the S&P 500 after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.
Investors drove up shares in Time Warner 17 percent on news that Twenty-First Century Fox made a takeover bid for the media giant. Momentum from Intel's strong second-quarter earnings late Tuesday and news that Apple and IBM are teaming up to sell more iPhones and iPads to corporate customers helped lift major stock indexes in premarket trading.
NEW YORK— Shares of some top big-box retail companies are mixed at 10 a.m.:. Costco Wholesale Corp. rose$. 19 or. 2 percent, to $118.01. Wal-Mart Stores Inc. rose$. 04 or. 1 percent, to $76.88.
NEW YORK— Shares of some top chemicals companies are up at 10 a.m.:. Dow Chemical Co. rose$. 36 or. 7 percent, to $51.90. DuPont Co. rose$. 20 or. 3 percent, to $64.78.
NEW YORK— Shares of some top gold companies are up at 10 a.m.:. Barrick Gold Corp. rose$. 30 or 1.6 percent, to $18.63. Newmont Mining Corp. rose$. 75 or 3.0 percent, to $25.44.
NEW YORK— Shares of some top drug benefits companies are down at 10 a.m.:. CVSCaremark fell$. 03 or percent, to $77.38. Express Scripts Holding Co. fell$. 08 or. 1 percent, to $67.99.
NEW YORK— Shares of some top construction companies are up at 10 a.m.:. Foster Wheeler rose$. 20 or. 6 percent, to $34.09. Quanta Services Inc. rose$. 01 or percent, to $34.89.
NEW YORK— Shares of some top telecom companies are up at 10 a.m.:. AT&T Inc. rose$. 17 or. 5 percent, to $36.41. Verizon Communications Inc. rose$. 12 or. 2 percent, to $50.83.
NEW YORK, July 16- U.S. stock rose on Wednesday, led by tech shares after Intel's earnings and word of a partnership between IBM and Apple, while Time Warner Inc rallied on news it rebuffed a takeover attempt from Rupert Murdoch's Twenty-First Century Fox.
Time Warner shares jumped 15.3 percent to $81.86 before the bell as Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down. *A partnership struck between IBM and Apple Inc will serve to boost indexes. IBM shares gained 1.8 percent to $191.85 and Apple advanced 2.1 percent to $97.35 in premarket.
BUZZ-TIME WARNER INC: NYT SAYS 21 ST CENTURY FOX MAKES $80 BLN. **Media company's shares up 12.8 pct at $80.12. **The New York Times reports Rupert Murdoch's Twenty-First Century Fox Inc makes $80 billion takeover bid, which Time Warner rejects.
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. JPMorgan Chase& Co., up $1.98 to $58.27. The tobacco company will be sold to Reynolds American for about $25 billion, creating a formidable rival to Altria Group.
SAN FRANCISCO, July 15- Intel Corp forecast third-quarter revenue above Wall Street's expectations, signaling that a shrinking personal computer industry may be stabilizing. Intel said in a statement on Tuesday it expects third-quarter revenue of $14.4 billion, plus or minus $500 million.
NEW YORK, July 15- U.S. stocks slipped on Tuesday, with riskier equities hit hardest after the Federal Reserve, in an unusual statement, singled out the valuation of social media and biotechnology shares as "substantially stretched." Wall Street equities were supported by bank stocks like JPMorgan Chase& Co, which outperformed following strong results.
NEW YORK, July 15- U.S. stocks opened higher on Tuesday, boosted after earnings from JPMorgan and Goldman Sachs, though investors were looking ahead to testimony from U.S. Federal Reserve Chair Janet Yellen. Shares of Goldman rose 1.5 percent to $169.67 while JPMorgan rose 3.8 percent to $58.41.
July 15- JPMorgan Chase& Co, the biggest U.S. bank by assets, reported an 8 percent decline in second-quarter profit as a pullback in trading of bonds and currencies by big institutions hit revenue in its securities trading business. JPMorgan shares were up 1.8 percent at $57.31 in premarket trading.
NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. Kodiak Oil& Gas Corp., up 68 cents to $14.91. URS Corp., up $6.38 to $58.40.
*Citigroup to pay $7 bln to settle U.S. mortgage probe. NEW YORK, July 14- U.S. stocks ended higher on Monday, with the Dow Jones industrial average hitting an intraday record, lifted by Citigroup's better-than-expected earnings and more deals in the healthcare space. Citigroup Inc shares jumped 3 percent to $48.42 and gave the S&P 500 one of its biggest boosts.
NEW YORK— Shares of some top big-box retail companies are mixed at 1 p.m.:. Costco Wholesale Corp. fell$. 21 or. 2 percent, to $117.80. Wal-Mart Stores Inc. fell$. 24 or. 3 percent, to $76.58.