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Stock Market & Financial Investment News

News Breaks
January 6, 2014
10:24 EDTTWC, DUKDuke Energy completes sale of DukeNet to Time Warner Cable
Duke Energy (DUK) disclosed in a filing that on December 31, 2013, the corporation, together with Alinda Telecom, completed the sale of 100% of their respective ownership interests in DukeNet Communications, a regional fiber optic network company, to Time Warner Cable (TWC). Following the repayment of existing DukeNet indebtedness at closing, transaction expenses and other purchase price adjustments, the Corporationís cash proceeds from the sale of its 50% ownership interest in DukeNet totaled approximately $215M. The corporation will treat the resulting gain as a special item, and will exclude it from its adjusted diluted earnings per share, Duke said. The agreement to sell DukeNet was previously disclosed by the corporation on October 7, 2013.
News For DUK;TWC From The Last 14 Days
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November 21, 2014
11:54 EDTTWCFCC order on contracts in Comcast merger review blocked by court, Bloomberg says
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08:06 EDTTWCComcast Time Warner Cable outlook positive, says Wells Fargo
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November 20, 2014
07:16 EDTTWCCharter could look to buy Time Warner Cable if Comcast deal fails, WSJ says
John Malone, the chairman of Liberty Media (LMCA), said Charter Communications (CHTR) would look to buy Time Warner Cable (TWC) if TWC's deal with Comcast (CMCSA) falls through, The Wall Street Journal reports. Malone told shareholders at Liberty's investor day that he would pursue "an outright purchase" of Time Warner Cable if regulators don't approve the Comcast deal. Reference Link
November 19, 2014
13:29 EDTTWCCharter CEO sees Comcast, Time Warner Cable deal getting done
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