While you were sleeping Time Warner Cable jumps

Thu, 13 Feb 2014

By Margreet Dietz Feb 14 (BusinessDesk) – Wall Street moved higher, as a surprise deal for Comcast to buy Time Warner Cable offset a drop in Cisco shares and weaker-than-expected US retail sales and weekly jobless claims. Shares of Time Warner Cable soared, last up 9.3 percent, after Comcast agreed to buy the cable company. Shares of Comcast were last 4 percent weaker. “This leaves Comcast as the sole king of the cable hill, with John Malone and Charter hitting a brick wall in their hopes of becoming a close No. 2,” Richard Greenfield, an an...

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