- Charter Communications (CHTR) is near a deal to buy Time Warner Cable (TWC) for $55 billion, according to a report by Reuters. The cash-and-stock deal values Time Warner Cable at $195 per share, the report says, and comes just one month after Comcast (CMCSA) dropped its $45.2 billion merger agreement with Time Warner Cable, clinched in February 2014, due to antitrust concerns.
- Contradictory statements out of Greece about its ability to pay upcoming debts sparked worries in the markets. A government spokesman said the country intended to keep to its payment schedule for June, after the country's Interior Minister said at the weekend that Greece is unlikely to pay the tranche to the International Monetary Fund that comes due next month.
- Apple (AAPL) has promoted British designer Jony Ive to the position of chief design officer, according to various media reports. The newly created role would now expand beyond its devices and into designing the company's retail stores, new California campus and even office furniture.
- Brazil's economy is expected to contract by nearly a quarter this year in dollar terms, due to a combination of the real's depreciation and the deepening recession. GDP is expected to fall by 23% to $1.8 trillion this year as President Dilma Rousseff is trying to unwind a multi-year stimulus program that left the country's finances deep in the red.
- Profit at Irish low-cost airline Ryanair increased by 66% to around $948 million, beating analyst expectations.
More from Stocks
Despite stories of questionable use of health care data, my concern with GOOGL is technical: We need a retest of $1,250 to $1,275 before we can move significantly higher.
The fact that money is flowing into large-cap stocks rather than small caps suggests there is some underlying weakness in the marketplace.
Let's check out the charts of this medical technologies company.
BB- and B-rated bonds have performed well lately, but CCC-rated bonds are a different story -- this divergence hasn't happened in nearly two decades and it gives clues about what to expect for 2020.