Stock Market & Financial Investment News

News Breaks February 4, 2013 16:22 EDT CHTR Lone Pine Capital reports 7.1% passive stake in Charter News For CHTR From The Last 14 Days Check below for free stories on CHTR the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. June 17, 2013 09:48 EDT CHTR Time Warner Cable CEO rebuffed Charter deal, says Deutsche Bank Deutsche Bank believes Time Warner Cable (TWC) CEO Glenn Britt has rebuffed Liberty Media (LMCA) CEO Greg Maffei's attempts to create a merger of equals among Charter (CHTR) and Time Warner Cable. Deutsche believes a potential deal between Time Warner Cable and Charter is tabled for the moment since Liberty Media Chairman Dr. Malone indicated last week that he was not interested in hostile takeovers. June 14, 2013 16:34 EDT CHTR On The Fly: Closing Wrap Stocks on Wall Street were lower after opening higher, but pulling back from its early levels following consumer confidence data that pulled back from recent six-year highs. The averages moved to their worst levels near mid-afternoon and closed off those levels, with the Dow logging the day's biggest losses. ECONOMIC EVENTS: In the U.S., the producer price index for May rose 0.5% from the prior month, versus expectations for a 0.1% month-over-month increase. Core PPI, which excludes the food and energy components, increased 0.1%, matching forecasts. The first quarter current account balance showed the deficit shrunk to $106.1B, versus consensus for the current account deficit to widen to $111.2B. May industrial production was flat, compared to expectations for it to grow 0.2%, while capacity utilization fell to 77.6% from the revised prior reading of 77.7%. The preliminary Reuters/University of Michigan consumer sentiment reading for June slipped to 82.7 from the prior 84.5 reading, where it had been forecast to hold steady. In Europe, employment in the euro zone currency bloc shrank 0.5% in the first three months of the year from the prior quarter, while the wider EU saw a 0.2% decline. EU consumer prices rose by 0.1% in May, putting the annual inflation rate at 1.4% compared to 1.2% in April, Eurostat said. COMPANY NEWS: Elan (ELN) shares gained $1.05, or 8.33%, to $13.66 after the company said it will explore a possible sale of the company "in light of the expressions of interest received to date." Royalty Pharma, which has been making a hostile takeover bid for the Irish drugmaker, was invited to participate in the process... Walter Energy (WLT) fell $2.56, or 17.43%, to $12.13 after a report by Forbes said the company withdrew a proposed $1.55B loan refinancing. The company later released a statement saying the proposed refinancing would not have raised additional capital and that the company has no material debt principal payments due until 2015. MAJOR MOVERS: Among the notable gainers was Restoration Hardware (RH), up $9.51, or 16.13%, to $68.47 after its quarterly results beat expectations and the company raised its fiscal year outlook. Also higher were shares of Charter Communications (CHTR), up $5.72, or 5.16%, to $116.61, and Time Warner Cable (TWC), up $7.78, or 8.09%, to $103.93 after CNBC's David Faber reported Liberty Media's (LMCA) CEO discussed a combination between Charter and Time Warner with Time Warner Cable's CEO. Among the noteworthy losers was Myriad Genetics (MYGN), down another $4.42, or 13.81%, or $27.59 the day after the Supreme Court ruled on gene patents. INDICES: The Dow was down 105.90, or 0.70%, to 15,070.18; the S&P was down 9.63, or 0.59%, to 1,626.73; the Nasdaq was down 21.81, or 0.63%, to 3,423.56. 14:38 EDT CHTR Time Warner Cable volatility increases on Charter looking for acquisitions, CNBC Time Warner Cable (TWC) June and July call option implied volatility is at 24, October is at 23; above its 26-week average of 20 according to Track Data, suggesting larger price movement on Charter Communications (CHTR) looking for acquisitions, overture made to Time Warner, CNBC says. 14:26 EDT CHTR Charter looking for acquisitions, overture made to Time Warner, CNBC says Subscribe for More Information June 11, 2013 07:39 EDT CHTR Needham to host meetings at The Cable Show Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.