U.S. Federal Communications Commission on Monday paused until January 12 its informal 180-day countdown for the review of the proposed $45 billion merger of Comcast Corp and Time Warner Cable Inc over delays in document submission. The FCC said Time Warner Cable had withheld thousands of documents that the agency requested based on an inappropriate claim of attorney-client privilege and late submissions of those documents would significantly slow down the review.
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 0.51% or $0.76/share to $150.07. In the past year, the shares have traded as low as $128.78 and as high as $155.32. On average, 2846750 shares of TWC exchange hands on a given day and today's volume is recorded at 4683460.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 0.75% or $0.64/share to $85.57. In the past year, the shares have traded as low as $58.22 and as high as $88.13. On average, 5272250 shares of TWX exchange hands on a given day and today's volume is recorded at 2723723.
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