U.S. stocks were recording their steepest fall in three weeks in midday trading on Tuesday, as a host of positive economic data increased the likelihood of a rate hike in the near term and sent the dollar soaring.
John Malone's Charter Communications Inc struck a $56 billion deal to buy Time Warner Cable Inc, seeking to combine the third and second largest U.S. cable operators to better compete against market leader Comcast Corp.
No one event changed Fox’s thinking, rather a gradual realization over several days that there wasn’t going to be a deal that would benefit investors of Fox.
Richard Parsons is offering public support as his successor, Time Warner Chairman and CEO Jeff Bewkes, fends off the unsolicited bid from Fox's Rupert Murdoch.
Convinced the media company was worth at least $100 a share based on future earnings, Time Warner’s board decided it won’t begin talks at much less than that number.
