This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Charter Communications Hopes to Succeed Where Comcast Didn't

5/26/15 9:51 AM EDT
Durable Goods orders fell a half percent in April matching estimates. Durable Goods have fallen 7 of the last 9 months. The Case-Shiller home price index showed nationally home prices gained 4.1% from March 2014. Charter Communications (CHTR) is merging with Time Warner Cable (TWC) in a deal worth more than $55 billion in cash and stock. The acquisition by Charter would vault the cable operator into the ranks of the biggest U.S. broadband and pay television companies. The combined cable giant would have 23 million total customers, second only to Comcast's (CMCSK) 27 million customers. The offer is valued at about $195 a share, a 14% premium to Time Warner Cable’s last closing price. The deal comes only a month after Time Warner Cable went back on the block after Comcast Corp. terminated the companies’ planned $45.2 billion merger in the face of serious push back from Washington regulators. A Charter-TWC deal could be in for a stringent review in Washington as well. Including debt, the deal is valued at $78.7 billion. The maker of Similac Advance baby formula says it will begin selling the first mainstream formula without genetically modified ingredients. Abbot Labs (ABT) says it will be available by the end of the month at Target (TGT). Most mainstream baby formula is made with various corn and soybean products, which are often grown with genetically modified seeds. Also joining the healthier, fresher food movement is Taco Bell. Yum Brands (YUM) Taco Bell chain committed itself to removing all artificial flavors and colors from its foods by the end of the year. Taco Bell also said it would remove additives like added trans fats and hopes to remove additional artificial preservatives and additives by the end of 2017. The moves impact more than 95% of its core food items, according to the company.
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs