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Thursday, February 13, 2014

Takeover Digest- New York Times business news - Feb 13, (NYSE: TWC), (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. * Comcast Corp will announce a deal to acquire Time Warner Cable in an all-stock deal that will unite the biggest and second largest cable television operators in the country, according to people briefed on the matter. ()* Senate Republican leaders rescued a measure to raise the nation's borrowing limit, overcoming a threatened filibuster to clear the way for final approval. ()

Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC traded higher by 0.3% or $0.41/share to $135.31. In the past year, the shares have traded as low as $84.57 and as high as $139.85. On average, 2886510 shares of TWC exchange hands on a given day and today's volume is recorded at 2145120.

Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 0.34% or $0.22/share to $65.06. In the past year, the shares have traded as low as $51.62 and as high as $70.77. On average, 5070630 shares of TWX exchange hands on a given day and today's volume is recorded at 4543452.



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