Time Warner's board moved to bar shareholders from calling special meetings, throwing up a hurdle to any quick approval of a takeover.» Read More
July 16- If Rupert Murdoch succeeds in buying Time Warner Inc and CNN is put up for sale, the 24- hour cable news network could be worth $5 billion, according to one analyst's estimate. Murdoch's Twenty-First Century Fox Inc said on Wednesday it made an offer to buy Time Warner for about $80 billion.
Dow reaches another record following earnings, deal news; Time Warner soars on Murdoch bid EBay 2 Q profit rises on PayPal growth; eBay e-commerce unit hampered by cyberattack Obama administration pushes to stop companies from looking to overseas combos for tax relief Younger Americans wait to buy homes because of changes in marital status, education and race Yellen says forcing Fed to follow formula in setting interest rates would be grave mistake Apple to pay $400 million to settle e-book price-fixing case unless company prevails in appeal Bank of America's income falls, takes $4 billion of litigation costs; Settles with AIG Oil price rises to over $101 on large US stock draw, economic growth in China
Jim Cramer thinks key developments in today's stock market could be telegraphing critical information about tomorrow.
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.
*Intel gains on earnings, outlook; semiconductors rally. *Time Warner rebuffs $80 bln bid from 21st Century Fox. Time Warner Inc shares jumped 17.1 percent to $83.13 and ranked as the S&P 500' s best performer after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.
NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Time Warner Inc., up $12.12 to $83.13. International Game Technology, up $1.42 to $16.92.
NEW YORK— Stocks are closing higher following strong earnings results and deal news from big U.S. companies. Time Warner soared 17 percent on news that Rupert Murdoch's Twenty-First Century Fox had made a bid for the media giant. Intel jumped 9 percent after reporting a surge in earnings as companies spent more on replacing PCs.
Stocks climbed on Wednesday, with investor sentiment lifted by corporate earnings, deals and better-than-expected data on growth in China.
Time Warner has rejected an approach from Rupert Murdoch's 21st Century Fox. Here's why it will be hard to escape.
Bob Wright, former NBC chairman and co-founder of Autism Speaks, discusses what 21st Century Fox is hoping to create and the role of debt in a potential deal with Time Warner. Wright says the deal is only possible because of the extraordinary cheap cost of money.
CNBC's Julia Boorstin takes a look at all the entities involved in a potential deal between Time Warner and 21st Century Fox, and what the combined company could look like.
Comcast Corp. rose$. 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.
NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at 1 p.m.:. Time Warner Inc. rose 16.6 percent to $82.81. HCA Holdings Inc. rose 9.3 percent to $60.37.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. AbbVie fell. 6 percent to $53.14 with 13,607,100 shares traded. Advanced Micro Devices Inc. rose 2.7 percent to $4.65 with 46,059,000 shares traded.
John Paulson, founder of hedge fund firm Paulson & Co., said corporate M&A activity "will continue for the foreseeable future."
Discussing the potential for a merger between 21st Century Fox, and Time Warner, with Michael Morris, Guggenheim Securities.
*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.
*China data boosts stocks and oil outlook. NEW YORK, July 16- Stock markets around the world rose on Wednesday as strong China growth data and potential big deals in the United States boosted investor sentiment while concerns eased over the vulnerability of Portugal's largest listed lender.
Although Time Warner Inc. said Wednesday that it rejected last month's takeover bid from Twenty-First Century Fox Inc., a person familiar with the matter said that Fox Chairman and CEO Rupert Murdoch is determined, but disciplined, in continuing to pursue a deal.