U.S. stocks turned mixed as Microsoft (MSFT) pulled the Nasdaq higher and General Electric (GE) dragged on the Dow Jones Industrial Average. A better-than-expected quarter from Microsoft pushed its shares to trade at new records. Time Warner (TWX) spiked on reports AT&T (T) execs are in advanced talks to purchase the media company. A deal could be announced as soon as this weekend, according to the Dow Jones. Honeywell (HON) reported a mixed quarter, topping earnings but falling short on sales. The company blamed surprise weakness in September and overall softness in its aerospace business. Honeywell expects earnings to grow by double digits in the current quarter. PayPal (PYPL) jumped as the number of active customer accounts drove an 18% increase in quarterly sales. The number of active accounts rose 11% over its third quarter. TheStreet's Keris Lahiff reports from Wall Street.
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