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Time Warner beat quarterly profit estimates, but the news failed to prevent its shares from tumbling more than 10 percent.
CNBC's Julia Boorstin provides the highlights and headlines from the Time Warner call where CEO Jeff Bewkes commented on opportunities he sees in M&A and discussed plans for HBO.
*Russia has 20,000 troops on Ukraine border- NATO. NEW YORK, Aug 6- U.S. stocks rose in morning trading on Wednesday after buyers stepped in as the S&P 500 hit a more than two-month low, but concern about an escalation of the Russia- Ukraine conflict and two nixed deals weighed on sentiment.
*NATO says Russian troops massing on Ukraine border. NEW YORK, Aug 6- European stocks fell on Wednesday as concerns over a Russian troop build-up on the border with Ukraine sent nervous investors into high-rated bonds, while U.S. stocks shrugged off early weakness and traded higher.
Aug 6- Time Warner Inc reported a higher-than-expected quarterly profit and boosted its stock buyback program, but the news failed to prevent its shares from tumbling 11 percent a day after Rupert Murdoch withdrew his bid for the company.
**Rupert Murdoch's Twenty-First Century Fox decided to pull its $80 billion offer to buy Time Warner Inc on Tuesday, abandoning plans to create one of the world's largest media conglomerates.
*Russia has 20,000 troops on Ukraine border- NATO. NEW YORK, Aug 6- U.S. stocks were poised to fall at the open Wednesday on worries of an escalation of the conflict in Ukraine and after several key merger and acquisition deals fell through.
CNBC's David Faber shares his thoughts on the Rupert Murdoch's surprising decision to withdraw 21st Century Fox's bid for Time Warner.
Aug 6- Time Warner Inc reported a 3 percent jump in quarterly revenue, helped by the popularity of "Game of Thrones" and other shows on its HBO network. Time Warner shares were down 13 percent before the bell on Wednesday, a day after Rupert Murdoch's Twenty-First Century Fox abandoned an $80 billion bid for the company.
U.S. stock index futures traded down on Wednesday, as European shares fell sharply on rising concerns about Russia and Ukraine.
*NATO says Russia could be readying Ukraine invasion. NEW YORK, Aug 6- U.S. stock index futures fell on Wednesday, with S&P e-minis at a more than two-month low, on worries of an escalation of the conflict in Ukraine and as key merger and acquisition deals fell through.
Some of the names on the move ahead of the open.
Rich Greenfield, BTIG analyst, provides his thoughts on the fallout from shareholders after Rupert Murdoch withdrew his bid for Time Warner.
Aug 6- Time Warner Inc reported a 3 percent jump in quarterly revenue, helped by gains from premium TV service Home Box Office. Net income from continuing operations attributable to Time Warner common shareholders rose to $843 million, or 94 cents per share, for the second quarter ended June 30, from $698 million, or 73 cents per share, a year earlier.
Gerald Levin, former Time Warner chairman & CEO, shares his thought on 21st Century's decision to drop its bid for Time Warner. I don't think it's a "head shake," says Levin. There's a lot more work to be done to properly valuate Time Warner.
Alex DeGroote, media analyst at Peel Hunt, says Time Warner will have to prove that it has an organic growth strategy to shareholders after the takeover from 21st Century Fox collapsed.
*Sprint to name Brightstar's Marcelo Claure as CEO- source. Aug 5- Sprint Corp has dropped its bid to acquire No. 4 U.S. carrier T-Mobile U.S. Inc after regulatory resistance showed no signs of softening despite months of lobbying, people familiar with the matter told Reuters.
Richard Greenfield, Media and Technology Analyst at BTIG, explains why Twenty-First Century Fox's pursuit of Time Warner is unlikely to end as of yet.
*Fox drops bid for Time Warner, Sprint gives up on T-Mobile. SYDNEY, Aug 6- Asian stocks slipped on Wednesday while the U.S. dollar held firm after a slump on Wall Street and tensions over Ukraine instilled a mood of risk aversion across markets.
Aug 5- Sprint Corp has dropped its bid to acquire No. 4 U.S. carrier T-Mobile U.S. Inc because the challenge of securing regulatory approval for the deal was too steep, a person familiar with the matter told Reuters. The Wall Street Journal first reported the news Tuesday that Sprint had abandoned its bid.