Saturday, Jun 25, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Stock Market

Stocks are higher; Time Warner Cable jumps

NEW YORK — U.S. stocks are slightly higher in midday trading after several companies reported higher earnings.

Time Warner Cable rose sharply after the company agreed to be acquired by its larger rival Comcast. Goodyear Tire & Rubber surged 10 percent after the company’s earnings beat analysts’ estimates.

The Standard & Poor’s 500 rose four points, or 0.2 percent, to 1,823 as of noon today.

The Dow Jones industrial average gained 22 points, or 0.1 percent, to 15,986. The Nasdaq rose 16 points, or 0.4 percent, to 4,215.

Time Warner Cable jumped 7 percent, while Comcast fell 4 percent. The $45 billion deal would combine the top two cable TV providers in the United States.

CBS rose 4 percent after the company beat earnings estimates and reported higher revenue from licensing TV shows.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…