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Washington Post editorial backs Comcast-TWC merger with conditions

WASHINGTON (Reuters) - U.S. regulators should approve the proposed $45.2 billion merger of two biggest U.S. cable providers Comcast Corp and Time Warner Cable Inc, but set "clear conditions," Washington Post's editorial board said on Tuesday. Public interest groups and some lawmakers have opposed a merger, saying it would allow Comcast to raise cable television rates and gain more power over what Americans watch on TV or online.

U.S. Senate Judiciary panel sets hearing on Comcast merger

WASHINGTON (Reuters) - The U.S. Senate Judiciary Committee will hold a hearing on Comcast's plan to merge with Time Warner Cable in April and another on retransmission issues in late March, the committee said on Wednesday. Senator Patrick Leahy, who chairs the committee, said the panel would meet on April 2 to discuss plans by Comcast, the No. 1 U.S. cable operator, to buy TWC for $45.2 billion. TWC is the No. 2 U.S. cable operator. Both companies are major broadband Internet providers.

Time Warner Cable includes Mexico in domestic calling plan

New York, Mar 3 (EFE).- Time Warner Cable announced Monday that it will include calls to Mexico in its plan of unlimited telephone calls inside the United States, in a clear strategy to win customers in the Mexican community. Starting now, all subscribers to TWC's Unlimited Home Phone plan will sustain no additional charges for calling landline and cell phones in Mexico. "We're excited to offer truly unlimited calling to Mexico as part of our main calling plan," Jeff Lindsay, TWC general manager for Home Phone, said in a press release.

Time Warner Cable includes Mexico in domestic calling plan

New York, Mar 3 (EFE).- Time Warner Cable announced Monday that it will include calls to Mexico in its plan of unlimited telephone calls inside the United States, in a clear strategy to win customers in the Mexican community. Starting now, all subscribers to TWC's Unlimited Home Phone plan will sustain no additional charges for calling landline and cell phones in Mexico. "We're excited to offer truly unlimited calling to Mexico as part of our main calling plan," Jeff Lindsay, TWC general manager for Home Phone, said in a press release.

Comcast turns to Davis Polk for Time Warner Cable merger

By David Ingram WASHINGTON (Reuters) - Comcast Corp <CMCSA.O> will again be working with its longtime antitrust counsel at Davis Polk & Wardwell, as the communications and entertainment group seeks to navigate the U.S. approval process to merge with rival Time Warner Cable Inc <TWC.N>.

US stocks rise despite disappointing economic data

US stocks Thursday ended higher, shrugging off some disappointing retail sales and jobless claims data. The Dow Jones Industrial Average rose 63.65 points (0.40 percent) to 16,027.59. The broad-based S&P 500 tacked on 10.57 (0.58 percent) to 1,829.83, while the tech-rich Nasdaq Composite Index jumped 39.38 (0.94 percent) to 4,240.67. Stocks opened lower, but stayed positive following a late-morning rise after some lackluster data.

US stocks rise despite disappointing economic data

US stocks Thursday ended higher, shrugging off some disappointing retail sales and jobless claims data. The Dow Jones Industrial Average rose 63.65 points (0.40 percent) to 16,027.59. The broad-based S&P 500 tacked on 10.57 (0.58 percent) to 1,829.83, while the tech-rich Nasdaq Composite Index jumped 39.38 (0.94 percent) to 4,240.67. Stocks opened lower, but stayed positive following a late-morning rise after some lackluster data.

Comcast's media empire runs the gamut from 'SNL' to Universal Studios theme parks

Buying Time Warner Cable would add to a Comcast media and cable empire that already runs the gamut from "Saturday Night Live" to Universal Studios theme parks. A look at Comcast's holdings: COMCAST CABLE The division touts itself as America's largest provider of video, high-speed Internet and telephone services to residential customers under the XFINITY brand. It also provides similar services to businesses and sells advertising.

US stocks drop on weak retail sales report

US stocks Thursday moved lower in early trade as a disappointing retail sales report overshadowed news of cable operator Comcast's proposed acquisition of Time Warner Cable. About 35 minutes into trade, the Dow Jones Industrial Average fell 55.45 (0.35 percent) to 15,908.49. The broad-based S&P 500 declined 4.52 (0.25 percent) to 1,814.74, while the tech-rich Nasdaq Composite Index slipped 3.21 (0.08 percent) to 4,198.08.

US stocks drop on weak retail sales report

US stocks Thursday opened lower as a disappointing retail sales report overshadowed news of cable operator Comcast's $45.2 billion acquisition of Time Warner Cable. Five minutes into trade, the Dow Jones Industrial Average fell 82.26 (0.52 percent) to 15,881.68. The broad-based S&P 500 slumped 8.78 (0.48 percent) to 1,810.48, while the tech-rich Nasdaq Composite Index declined 20.73 (0.49 percent) to 4,180.56.
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