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Thursday, February 14, 2013

Takeover Digest-New York Times business news - Feb 14, (NYSE: LCC), (NYSE: MDP), (NYSE: TWX)

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * The boards of US Airways Group Inc and American Airlines agreed on Wednesday to merge, paving the way for the creation of the nation's largest airline.* Time Warner Inc is in early discussions with the Meredith Corp to put most of Time Inc's magazines - including People, InStyle and Real Simple - into a separate, publicly traded company that would also include Meredith titles like Better Homes and Gardens and Ladies' Home Journal.

US Airways Group, Inc. operates and owns passenger and freight airline carrier. Shares of LCC traded higher by 2.73% or $0.39/share to $14.66. In the past year, the shares have traded as low as $6.78 and as high as $15.64. On average, 6336830 shares of LCC exchange hands on a given day and today's volume is recorded at 10259482.

Meredith Corporation (Meredith) is a media and marketing company. Shares of MDP fell by 0.13% or $-0.05/share to $37.98. In the past year, the shares have traded as low as $26.89 and as high as $38.36. On average, 460213 shares of MDP exchange hands on a given day and today's volume is recorded at 490985.

Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 0.67% or $0.35/share to $52.85. In the past year, the shares have traded as low as $33.62 and as high as $53.65. On average, 6092070 shares of TWX exchange hands on a given day and today's volume is recorded at 9524052.



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