Time Warner (TWX) plans to move its retired workers from its health coverage and give them money to purchase plans on private exchanges at the start of 2014. The company's spokesperson confirmed the decision to the Associated Press.
Stocks closed flat on Friday after the Labor Department reported that the United States added 169,000 jobs in August. Economists had anticipated 180,000 new jobs. Equity markets are closely tracking labor reports as the Fed has said it would tie its decision to scale back quantitative easing on the strength of the job market.
Asian markets more generally closed higher overnight. as Hong Kong's Hang Seng climbed 0.57% to 22,751. European markets were lower Monday with the FTSE 100 in London down 0.4%, and the DAX in Frankfurt was off 0.04%.
-- Written by Joe Deaux in New York.>Contact by Email. Follow @JoeDeaux
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