May 25- Charter Communications Inc is near an agreement to acquire Time Warner Cable Inc for $195 per share in cash and stock, a person familiar with the matter said on Monday. Time Warner Cable declined to comment, while Charter did not immediately respond to a request for comment. Time Warner Cable shares closed Friday at $171.18.» Read More
CHICAGO-- Chicago Board of Education President David Vitale says he's pleased that teachers ratified a new contract. The Chicago Teachers Union announced Wednesday night that 79 percent of the union's membership had voted in favor of the contract. Teachers walked off the job Sept. 10, idling about 350,000 students for seven days.
BETTER, BUT: The stock market got a lift from the government's report that 367,000 Americans sought unemployment benefits for the first time last week. RETAIL SALES: Costco and other retail chains reported September sales that came in ahead of Wall Street's estimates. Costco, Dollar General and other retail stocks gained.
NEW YORK-- The euro is rising against the dollar after European Central Bank President Mario Draghi said that Spain is making progress toward getting its finances under control. The euro rose to $1.3018 in late trading from $1.2899 late Wednesday. The British pound rose to $1.6185 from $1.6072.
LEBANON, Tenn.-- Cracker Barrel Old Country Store Inc. on Thursday urged its shareholders to vote against the election of two activist shareholders to its board. His firm, Biglari Holdings Inc., owns the Steak `n Shake and Western Sizzlin restaurant chains.
ALOHA BEEF: Nearly all the beef consumed in Hawaii arrives from the mainland, while Hawaiian cattle ranchers ship 40,000 live cattle each year to the mainland.
NEW YORK-- SEPTEMBER SALES: A tally of 22 major retailers, including Target Corp. and Macy's Inc., showed that September sales rose 3.9 percent compared with a year ago. That's slower than the 6 percent rise in August. BEHIND THE NUMBERS: But shoppers are still spending.
SAN FRANCISCO-- The cost of gasoline in California jumped 8 cents overnight and is poised to soar to the highest point this year in what analysts say is a supply problem fueled by refinery and pipeline outages.
NEW YORK-- Sears Holdings Corp. said that its hiring of seasonal workers for the crucial winter holidays will be unchanged from a year ago.
GOLDEN MOVE: The price of gold hit a nine-month high after the head of Europe's central bank suggested that its bond-buying plan could benefit Spain. The bank also left its key interest rate for countries that use the euro at 0.75 percent to try to promote growth. DOLLAR'S IMPACT: Most commodities finished higher, in part because of a weaker dollar.
BRASILIA, Brazil-- Brazil says it will grant tax breaks to companies that produce safer and more fuel-efficient cars. Next year, all cars made in Brazil must have air bags and ABS brakes. Brazil is the world's seventh-largest motor vehicle producer.
SUBTLE HINT: European Central Bank President Mario Draghi nudged Spain and its European partners to take up bank's offer of help with high debt costs, reassuring Madrid that the conditions for getting the assistance "don't need to be punitive."
The price of gold is at a nine-month high after the head of the European Central Bank suggested that its bond-buying program could benefit Spain. Gold for December delivery rose $16.70 Thursday to finish at $1,796.50 per ounce, the highest level since late February.
OKLAHOMA CITY-- Rain that fell across much of Oklahoma last weekend helped to slightly reduce the severity of exceptional drought in the state. Drought Monitor report released Thursday shows 28 percent of the state in exceptional drought _ the worst category.
LITTLE ROCK, Ark.-- Recent rain that fell across parts of Arkansas last weekend helped to slightly reduce the severity of drought in the state. Drought Monitor report released Thursday just less than 9 percent of the state in exceptional drought _ the worst category.
NEW YORK-- Shares of Informatica Corp. tumbled Thursday after the business software maker forecast weak results in the third quarter, pointing to its struggling business in Europe. Informatica said it expects adjusted net income of 25 to 27 cents per share and $189 million to $191 million in revenue in the third quarter.
BRISTOL, Conn.-- Bobby Valentine's next move after being fired as Boston Red Sox manager? Spokesman Josh Krulewitz said Thursday that the network is was happy with its current crew of baseball analysts. ESPN is a unit of The Walt Disney Co..
SAN FRANCISCO-- CollabRx, which develops technology that is used in genetic-based medicine, is teaming up with Life Technologies Corp. in a molecular diagnostics collaboration focused on cancer patients.
CHICAGO-- Several environmental groups want the Illinois Pollution Control Board to order Midwest Generation to clean up groundwater pollution that allegedly leached from coal-ash ponds at four of the company's power plants.