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. * Microsoft Corp plans to announce layoffs on Thursday that will substantially exceed the largest layoffs in the company's history, according to several people briefed on the decision who spoke only on the condition of anonymity. Previously, the largest layoffs were in 2009, when 5,800 or so people were affected. (nyti.ms/1r5aMCV)* Rupert Murdoch's 21st Century Fox Inc said it has made an $80 billion takeover offer for Time Warner Inc, which would be the biggest media deal in more than a decade. While Time Warner has rebuffed his effort and no talks are underway, Murdoch is determined and unlikely to walk away anytime soon, people briefed on the matter said. (nyti.ms/1nI1try)
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 17.07% or $12.12/share to $83.13. In the past year, the shares have traded as low as $57.59 and as high as $84.40. On average, 6645720 shares of TWX exchange hands on a given day and today's volume is recorded at 69744144.
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