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  • 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...

  • Air France flight 22, traveling from Charles de Gaulle Airport, landed safely in New York, officials said. The anonymous threat came in a telephone call to a Maryland State Police barracks on Monday morning, and the caller made a bomb threat involving commercial aviation, Maryland State Police said. The plane was cleared in New York with no incidents or hazards...

  • 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. The cash and stock deal values Time Warner Cable at $195 per share, according to the sources, and comes just one month after...

  • May 25- Charter Communications Inc is nearing a $55 billion agreement to acquire Time Warner Cable Inc, combining the third- and second-largest U.S. cable operators, a person familiar with the matter said on Monday. The cash and stock deal, which values Time Warner Cable at $195 per share, comes just one month after Comcast Corp dropped its $45.2 billion merger...

  • May 25- Charter Communications Inc is near an agreement to acquire Time Warner Cable Inc for $195 per share in cash and stock, a person familiar with the matter said on Monday. Time Warner Cable declined to comment, while Charter did not immediately respond to a request for comment. Time Warner Cable shares closed Friday at $171.18.

  • TOKYO— Japan, famous for green tea, is welcoming artisanal American coffee roaster Blue Bottle with long lines that have at times meant a four-hour wait for a cup. Success in Japan is important for Blue Bottle, which operates 17 cafes in the San Francisco Bay area, New York and Los Angeles. Japan is its first foray outside of the U.S.

  • That was just before YouTube's whirlwind success culminated in its $1.76 billion sale to Google Inc.. YouTube's potential to transform people's viewing habits became apparent during the autumn of 2005 when a Nike soccer shoe ad called "Touch of Gold" became the first video on the site to be watched 1 million times. The only other video to break the billion...

  • California farmers agree to drastically cut water use Saturday, 23 May 2015 | 3:09 AM ET

    SACRAMENTO, Calif.— California farmers who hold some of the state's strongest water rights avoided the threat of deep mandatory cuts when the state accepted their proposal to voluntarily reduce consumption by 25 percent amid one of the worst droughts on record. The rare concession from the farmers is the latest indication of the severity of the water shortage...

  • HOUSTON, May 22- Hundreds of barrels of oil that gushed from a ruptured coastal pipeline in scenic California this week could stiffen opposition to large oil projects that companies want to build in the state, notably those to deliver cheap U.S. crude on trains. A leak of 100,000 barrels of crude off Santa Barbara in 1969 led to bans on new leases for offshore...

  • NEW YORK, May 22- U.S. stock investors have been enjoying an extended period of low volatility and steady gains, but with the Federal Reserve on track to raise interest rates this year and major indexes near records, the market could get a bit choppier in coming weeks. Fed Chair Janet Yellen on Friday said she expected the U.S. central bank to raise rates in 2015,...

  • *Microsoft was willing to offer about $55 bln- CNBC. May 22- Microsoft Corp and Salesforce.com Inc held "significant talks" this spring but failed to agree on a price, CNBC reported, citing people familiar with the matter. A potential bidder can go up to $70 billion on the high end and Microsoft, Oracle Corp and Amazon.com Inc are the companies most likely to be suitors,...

  • PARIS, May 22- France's highest administrative court on Friday approved two out of three main restrictions on private chauffeured vehicle services such as Uber that were introduced last year after complaints from traditional cab drivers of unfair competition. France's constitutional council said drivers of private chauffeured vehicles must return to...

  • The talks underscored Altice's intentions to pursue a deal with Time Warner Cable, which is also being courted by Charter Communications Inc after Comcast Corp abandoned its $45.2 billion offer for Time Warner Cable last month over U.S. antitrust concerns.

  • Ouch! French high court deals blow to Uber Friday, 22 May 2015 | 8:13 AM ET
    An Uber app on a mobile phone in Washington, D.C.

    France's highest court on Friday backed restrictions on unlicensed taxi services in a decision adding to U.S. start-up Uber's legal troubles.

  • PARIS, May 22- France's highest administrative court on Friday backed restrictions on unlicensed taxi services in a decision adding to U.S. start-up Uber's legal troubles. A Paris appeals court had been waiting for the decision before ruling on whether to ban Uber's unlicensed taxi service, known as UberPOP. Created by two Silicon Valley entrepreneurs...

  • PHILADELPHIA— The chairman of Temple University's physics department schemed to provide U.S. technology secrets to China in exchange for prestigious appointments for himself, federal authorities said in charging him with four counts of wire fraud. Xi Xiaoxing, a naturalized U.S. citizen who was born in China, appeared in federal court Thursday in...

  • California farmers strike a deal to cut water use Friday, 22 May 2015 | 2:27 AM ET

    SACRAMENTO, Calif.— California farmers who hold some of the state's strongest water rights avoided the threat of deep mandatory cuts when the state accepted their proposal Friday to voluntarily reduce consumption by 25 percent amid one of the worst droughts on record. The rare concession from the farmers is the latest indication of the severity of the water...

  • May 21- Uber Technologies Inc is seeking a $1 billion credit line from banks, the Wall Street Journal reported, citing people familiar with the matter. The cab-hailing company is in talks with a number of large banks for the loan, asking them how much they would commit and at what terms, the Journal reported, citing the people. San Francisco- based Uber, which has grown...

  • May 21- Apparel retailer Gap Inc reported an 8 percent fall in quarterly profit, hurt by a stronger dollar, supply delays in the United States and lower demand for its namesake brand. Gap's Old Navy line, however, has attracted more customers with its affordable-yet-trendy merchandise, helping it become the largest brand by sales in the company's portfolio.

  • PayPal will be spinning off from parent company eBay later this year at a time when it's facing new competitive challenges. Alibaba, Amazon and even Facebook are promoting online payment systems, while Apple Pay and Google Wallet are competing to handle transactions in stores and on mobile devices. Schulman spoke after an event where PayPal announced new...