MARKET PULSE-Time Warner, Orbitz Worldwide, Cisco, Whole Foods
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stocks were set for a lower open on Thursday, weighed down by a disappointing outlook from Cisco Systems and weaker-than-expected data on consumer spending and the labor market. Dow Jones industrial average futures were down 0.64 percent at 15,841, S&P 500 futures were down 0.65 percent at 1,805.2 and Nasdaq 100 futures were down 0.66 percent at 3,600.5.
** COMCAST CORP, Wednesday close $55.24, -2.50 pct premarket
** TIME WARNER CABLE INC, Wednesday close $135.31, +8.20 pct premarket
** CHARTER COMMUNICATIONS INC Wednesday close $137.57, -9.36 pct premarket
Comcast Corp said on Thursday that it would buy Time Warner Cable for $45.2 billion in an all-stock deal that combines the two largest U.S. cable operators. The friendly takeover comes as a surprise after months of public pursuit of Time Warner by smaller rival Charter Communications.
** CISCO SYSTEMS INC, Wednesday close $22.85, -3.94 pct premarket
The network gear maker forecast on Wednesday a 6-8 percent revenue slide this quarter, underlining its struggle to rekindle demand in emerging markets like China, even as hardware spending sags globally.