NEW YORK (TheStreet) -- U.S. equity markets are finding themselves in the green, after opening Thursday morning solidly in negative territory. TheStreet's Jonathan Marino reports today's top headlines.
(CMCSA) will buy Time Warner Cable
(TWC) in an all-stock deal worth $45 billion, Marino said.
The deal represents a $23 per share premium to Time Warner Cable's stock price, bringing the takeover deal to roughly $158.82 per share.
He added that Comcast will sell some of Time Warner Cable's assets to sway regulatory approval. The asset shedding would result in Comcast losing about 3 million customers, leaving it with a net gain of 8 million customers from the deal.
In economic news, Marino added that January retail sales fell more than economists had expected, down 0.4%. Without the auto figures included, January retail sales were flat for the month.Weekly jobless claims rose 8,000 to 399,000, vs. economists' expectations for a slight decline. Finally, shares of Whole Foods Market (WFM) are falling after reporting a top and bottom line earnings beat, but providing weak 2014 guidance. TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said the company's growth rate may be slowing substantially and the stock may be fully valued at current levels. -- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell