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Thursday, February 13, 2014

Business Today: Comcast takeover of Time Warner Cable to reshape U.S. pay TV

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02/13/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Comcast takeover of Time Warner Cable to reshape U.S. pay TV
(Reuters) - Comcast Corp's proposed $45.2 billion takeover of Time Warner Cable Inc could face close scrutiny from U.S. antitrust regulators because of the deal's potential to reshape the country's pay TV and broadband markets.
Cold weather chills retail sales, jobless claims up
WASHINGTON (Reuters) - U.S. retail sales fell unexpectedly in January and more Americans filed for jobless benefits last week, the latest signs the economy started the year on softer footing as unseasonably cold weather took its toll.
Exclusive: World Bank aims to boost lending by 50 percent over 10 years
WASHINGTON (Reuters) - The World Bank hopes to boost its lending by 50 percent over 10 years by cutting costs, loosening a restriction on how much it can lend, and charging richer nations higher fees for some services, several people familiar with the matter said.
BP must face shareholder suit over 2006 Alaska oil spill
SAN FRANCISCO (Reuters) - A U.S. appeals court on Thursday revived a shareholder lawsuit against BP PLC over statements the company made in the wake of a 2006 oil spill in Alaska.
Analysis - Snow blind: winter's wrath obscures views on U.S. economy
NEW YORK (Reuters) - Interpreting U.S. economic figures in the last couple of months has taken on a familiar pattern: wonder about possible weakness in demand, and then shrug and dismiss it all as a product of bad weather.
Ackman: Air Products shares could double with right CEO
NEW YORK (Reuters) - Billionaire investor William Ackman said there is room for Air Products and Chemicals Inc's stock price to double in the next few years if the industrial gas producer hires the right chief executive.
Wall St. closes higher; Nasdaq up for sixth straight day
NEW YORK (Reuters) - Stocks closed higher on Thursday, with the Nasdaq rising for a sixth straight day, as investors looked past disappointing data on consumer spending, chalking the weakness up to weather instead of weaker fundamentals.
Kraft profit up on retiree benefit gain, cost savings
(Reuters) - Kraft Foods Group Inc on Thursday reported a higher quarterly profit on lower costs and a large accounting gain related to retiree benefits.
American to seek other carriers to fly new jets, regional unit says
(Reuters) - American Airlines Group will start looking for other carriers to operate new regional jets from Embraer after labor leaders at its American Eagle Airlines subsidiary's pilots' union rejected a concessionary labor contract, the unit's president said in a note to staff on Thursday.
AIG raises dividend as it swings to profit, plans job cuts
(Reuters) - Insurer American International Group Inc on Thursday raised its quarterly dividend by 25 percent and reported it swung to a profit in the fourth quarter, compared with a year-earlier loss, sending its shares up in after-market trading.
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