U.S. stock index futures erased their early gains to turn lower in choppy pre-market trading Wednesday, as investors parsed through a batch of mixed earnings news .
John Malone's Liberty Global struck a deal to buy British cable group Virgin Media for about $23 billion, a move that would put the U.S. billionaire up against old rival Rupert Murdoch.
The wheelings and dealings of John Malone, Michael Dell and Larry Ellison speak volumes, said Jim Cramer.
CNBC's David Faber reports the boards of Virgin Media and Liberty Global have approved an acquisition deal.
CNBC's David Faber reports sources indicate an announcement of a deal between the two companies could come as early as today. Also, an update on Dell's buyout deal.
John Malone's Liberty Global has opened talks with Britain's Virgin Media over a takeover that would increase the U.S. cable group's dominance in Europe and step up a challenge to media mogul Rupert Murdoch.
John Malone's Liberty Global is preparing to make a bid for Virgin Media, the UK cable operator with an enterprise value of more than $20 billion, in a deal that would mark the U.S. billionaire's biggest move yet into the UK and could set up a fresh clash with his former partner and rival Rupert Murdoch. The Financial Times reports.
Oct 8- Liberty Global Inc:. *Wunderlich securities raises Liberty Global Inc price target to $75. Reuters Station users, click. 1568.
WARSAW, Oct 4- Major shareholders in Poland's cable TV provider Multimedia Polska have decided to retain their stakes in the group, Multimedia said in a press statement on Thursday.
Check out which companies are making headlines after the bell Tuesday:
Hedge funds took profits in large cap consumer discretionary stocks in the fourth quarter of 2011 and put more money to work in the tech sector, which has been the top performer so far this year.
Barry Rosenstein, founder of Jana Partners, is best known as an activist investor. The hedge fund manager made intriguing moves in the fourth quarter, buying more shares of Apple and making an outsized bet on Marathon Petroleum.
Michael Fries, chief executive of cable operator Liberty Global sits down with CNBC to discuss its growth strategy.
Investing in community banks would be one way to stimulate the US economy through job creation and business formation, Liberty Global Chairman John Malone told CNBC Friday.
Consumers are pinching pennies anywhere they can due to continued concern over the global economy , which for some means a willingness to cut services that aren't a necessity.
What follows is a roundup of corporate earnings reports for Wednesday, Feb. 24.
MGM is waiting for a buyer to swoop in and save it from bankruptcy. Bids were technically due today at 2 pm eastern, and they're starting to trickle in. The historied studio has struggled with declining DVD sales and its attempt to re-start production with its latest movie "Fame" was a bomb. A dozen studios and private equity players signed non-disclosure agreements to evaluate the deal and now about six bids are expected.
You may not hear much about Liberty Global in the news because all of its $11.3 billion annual revenue comes from outside the US. But if you're interested in cable operators, particularly those with potential for significant growth, it's a company worth paying attention to. Plus, with legendary cable mogul John Malone as company's chairman, it is good reason to find out what the company has in store for investors going forward.
Doug Creutz of Cowen & Company and David Joyce at Miller Tabak offered CNBC their investment advice.
The Dow and S&P snapped their winning streaks Wednesday as disappointing earnings from two of Wall Street's biggest names overshadowed another round of earnings beats.