MARKET PULSE-Time Warner, Retrophin, PepsiCo, Orbitz, Goodyear
(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 rose slightly on Thursday, as investors discounted weaker-than-expected data on consumer spending and the labor market. The Dow Jones industrial average was up 0.20 percent at 15,996.37, the S&P 500 was up 0.25 percent at 1,823.74 and the Nasdaq Composite was up 0.42 percent at 4,218.952.
** COMCAST CORP, $53.38, -3.37 pct
** TIME WARNER CABLE INC, $144.49, +6.78 pct
** CHARTER COMMUNICATIONS INC $129.53, -5.84 pct
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, $21.87, -4.29 pct
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.