The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
Here are the biggest calls on Wall Street on TuesdayInvestingread more
Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
Charter proposed to buy Time Warner Cable for about $61.3 billion, or $132.50 a share, Bloomberg News reported.
"We are the only large pure-play, non-family controlled cable operator in the United States, with 15 million customers in some of the country's best markets," said Rob Marcus, CEO of Time Warner Cable, in the statement. "We are not seeking to sell the company, but consistent with what we have always said about maximizing shareholder value, on December 27 we made it clear to Charter that our board is open to a transaction with Charter at a price of $160 per TWC share, consisting of $100 in cash and $60 per share of Charter common stock, subject to a symmetrical 20 percent collar to protect our shareholders...."
The Charter offer included about $49.50 in Charter stock and $83 cash per share of Time Warner Cable, Tom Rutledge, Charter's chief executive, said in a Bloomberg interview. The bid is the third-largest for any global company since 2009, the news site reported.
Charter "has made repeated overtures to Time Warner Cable on this topic for more than six months," the company said in the press release. But until December Time Warner Cable did not engage to find out more. The Monday afternoon letter to Time Warner Cable did not include the price.
Goldman Sachs and LionTree Advisors have been Charter's lead financial advisers on their proposed transaction. Charter plans to host a conference call on Tuesday, Jan. 14th at 4.30 p.m. ET, the company said.
CNBC's David Faber and Julia Boorstin contributed to this report.