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Charter was outmaneuvered in its $37.3 billion bid to acquire Time Warner Cable when Comcast Corp offered $45.2 billion. Rutledge declined to comment when asked if he was worried about the size of Comcast, already the No. 1 cable provider in the United States, if regulators allow the Time Warner Cable deal to go through.
Ssome of Friday's midday movers:
Feb 21- Charter Communications Inc, whose bid to take over Time Warner Cable Inc was thwarted earlier this month, swung to a fourth-quarter profit, helped by its acquisition of Cablevision System Corp's western cable business.
Feb 21- Charter Communications Inc, which said earlier this month that it would wage a proxy battle for control of the board of Time Warner Cable Inc, posted a fourth-quarter profit, compared year-earlier loss, helped by growth in revenue from its internet, commercial and video businesses.
January's existing home sales are expected to show a decline of 3.5 percent to 4.7 million, and nobody will be surprised if it is worse.
With more storms coming, traders will be plowing through economic reports for the impact of winter weather on the economy and corporate profits.
NEW YORK, Feb 13- Talks between Comcast Corp and Charter Communications Inc over how they could together buy Time Warner Cable Inc quickly soured as the two bickered over price and the feasibility of engineering a split of the No. 2 U.S. cable operator.
NEW YORK, Feb 13- World stock markets edged higher on Thursday as soft U.S. economic data was blamed on bad weather, while the dollar fell to a two-week low against the euro. U.S. stocks rose, with big gains in technology shares giving the Nasdaq a sixth straight session of gains, its best advance since December 2011.
*Cisco falls after results, but tech sector rises. NEW YORK, Feb 13- U.S. stocks closed higher on Thursday, with the Nasdaq rising for a sixth straight day, as investors looked past disappointing data on consumer spending, chalking the weakness up to weather instead of weaker fundamentals.
*Cisco falls after results, but tech sector rises. NEW YORK, Feb 13- U.S. stocks advanced on Thursday, putting the Nasdaq on track for a sixth straight day of gains as investors looked past disappointing data on consumer spending, chalking the weakness up to weather instead of weaker fundamentals.
Comcast's planned acquisition of Time Warner Cable may be good news for sports fans; less so for budget-conscious subscribers.
Who are the biggest losers in the Comcast merger? Charter Communications is most obvious, but television companies also face risk.
Some of Thursday's midday movers:
JPMorgan Chase& Co, former top Morgan Stanley banker Paul Taubman and Barclays, which together advised Comcast, would split an estimated $51 million to $68 million in advisory fees if the proposed deal goes through, according to estimates by Freeman& Co LLC.
*Cisco falls after results, outlook. *Comcast to buy Time Warner. NEW YORK, Feb 13- U.S. stocks were set for a lower open on Thursday, weighed by a disappointing outlook from Cisco Systems and weaker-than-expected data on consumer spending and the labor market.
*Cisco falls after results, outlook. *Comcast to buy Time Warner. NEW YORK, Feb 13- U.S. stock index futures declined on Thursday, after a disappointing outlook from Cisco Systems and ahead of data on retail sales and the labor market.
Feb 13- Comcast Corp said on Thursday it would buy Time Warner Cable Inc for $45.2 billion in an all-stock deal that combines the two largest U.S. cable operators.
Comcast is preparing to buy Time Warner Cable in an all stock deal worth $159 per Time Warner Cable share, according to CNBC sources.
Some of Tuesday's midday movers:
The nominations are Charter's latest move to try to acquire Time Warner Cable after its offer of $132.50 per share was rejected for being too low in mid-January.