Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.» Read More
LOS ANGELES, July 21- Netflix Inc said on Monday its quarterly profit more than doubled, boosted by strong growth in U.S. and international subscribers as a price increase for its most popular U.S. video streaming plan did not deter new users.
Another new big release, Walt Disney Co's animated "Planes: Fire and Rescue," grabbed third place with $18 million, while the comedy "Sex Tape" took in $15 million for the No. 4 spot.
LOS ANGELES/ NEW YORK, July 20- Sci-fi sequel "Dawn of the Planet of the Apes" beat a horror flick, an animated family film and an adult comedy to keep its grip on the U.S. and Canadian box office title for a second straight weekend.
Abbvie Inc.' s deal to combine with Shire PLC would be the largest made so far this year, excluding assumed debt.
NEW YORK— In a story July 15 about the Nielsen ratings, The Associated Press reported erroneously that the CBS series "Extant" marked actress Halle Berry's small screen debut. Oscar winner Halle Berry gives CBS the lead in weekly TV ratings with new show' Extant'.
NEW YORK, July 16- Rupert Murdoch's Twenty-First Century Fox Inc made an audacious offer for Time Warner Inc that if it succeeds would transform the American media landscape and cement the 83- year-old's status as the most powerful magnate in U.S. media and entertainment.
Rejected Fox bid for Time Warner shows growth mood. NEW YORK— In a move that aims to counter consolidation among TV distributors, Rupert Murdoch's Fox has made an unsolicited takeover offer for rival media giant Time Warner for about $76 billion in cash and stock.
NEW YORK, July 16- Time Warner Inc's board, in rejecting 21st Century Fox Inc's $80 billion bid, insisted the offer undervalued the media conglomerate and raised fears about the dominating role that Rupert Murdoch's family would play, a person close to the situation said on Wednesday.
Time Warner has rejected an approach from Rupert Murdoch's 21st Century Fox. Here's why it will be hard to escape.
Comcast Corp. rose$. 16 or. 3 percent, to $55.05. Walt Disney Co. fell$. 88 or 1.0 percent, to $85.27. Gannett rose$. 13 or. 4 percent, to $31.95.
*Time Warner shares up 16.9 percent. NEW YORK, July 16- Rupert Murdoch's 21st Century Fox Inc said on Wednesday that Time Warner Inc had rebuffed its offer to buy the company, but people familiar with his thinking say he is determined to bring the U.S. media conglomerate into his empire.
Comcast Corp. rose$. 55 or 1.0 percent, to $55.44. Walt Disney Co. rose$. 85 or 1.0 percent, to $87.00. Gannett rose$. 21 or. 7 percent, to $32.03.
NEW YORK— In a move that aims to counter consolidation among TV distributors, Rupert Murdoch's Fox has made an unsolicited takeover offer for rival media giant Time Warner for about $76 billion in cash and stock.
PHILADELPHIA— Cable and Internet giant Comcast is apologizing after a tech-savvy California customer posted eight minutes of telephone conversation online in which he tried repeatedly to get a customer service representative to disconnect his service.
The limited run series, in which Berry plays an astronaut who mysteriously returns from a solo space mission pregnant, had 9.6 million viewers for its first episode on CBS last week, the Nielsen Co. said. CBS easily won the week in prime time, averaging 5.6 million viewers. NBC had 4.6 million, ABC had 4.3 million, Univision had 2.8 million, Fox had 2.7 million.
For much of Tuesday, however, the database appeared to be down or unaccessible, which FCC spokeswoman Kim Hart attributed to an "overwhelming surge in traffic."
Etsy and Uber are among the small companies that rely on fast video streaming and are also against the FCC's net neutrality proposal.
Comcast Corp. rose$. 69 or 1.3 percent, to $55.24. Walt Disney Co. rose$. 13 or. 1 percent, to $87.02. 21st Century Fox Inc. class B rose$. 13 or. 4 percent, to $34.63.
One of the oldest and largest funds in this niche is the Merger Fund, which manages nearly $6 billion.
Comcast Corp. rose$. 26 or. 5 percent, to $54.81. Walt Disney Co. rose$. 47 or. 5 percent, to $87.36. Gannett rose$. 08 or. 3 percent, to $31.78.