Shares of Cablevision ( CVC) rose 4.19% to $19.42 following a suggestion by the CEO that the company is not averse to a merger. Media chatter about a potential merger appears to derive from a remark CEO Jim Dolan made in response to a question from Merrill Lynch's Jessica Cohen. He told her regarding potential industry mergers, "I think our plans are to continue to proceed in terms of operating the company and the best interest of the company...Meanwhile, I know all the noise about that, and you never say never. But other than that we really don't have much to say about it." CNBC's David Faber noted that these seemingly innocuous remarks indicated that the company was more amenable to a merger than it has been in the past. In its earnings release on Friday, Cablevision reported it lost 20,000 customers in the quarter, 4,700 more than analysts had expected. Revenues rose 1% to $1.57 billion, just missing the $1.58 billion estimated by analysts polled by Thomson Reuters.
Closing prices: LNKD jumped 10.6% to $235.58, VCLK plummeted 15.9% to $21.37, DELL rose 5.6% to $13.68, AAPL was 1.3% higher at $462.54 and CVC ended the day at $19.61, up 5.2%. -- Written by Laura Berman in New York