Time Warner Inc. (NYSE: TWX), the New York City-based media and entertainment company, reported its financial results for the third quarter, posting a big increase in net income. For the quarter ended September 30, 2013, the company reported a profit of $1.18 billion, or $1.26 per share, compared to $822 million, or $0.84 per share [...]
Shares of Hot Topic (NASDAQ: HOTT) skyrocketed 30% after the teen retailer said it has agreed to be taken private by private-equity firm Sycamore Partners in a deal estimated at $600 million in cash, which represents about30% premium over Wednesday’s closing price of the stock.
Shares of Time Warner Inc. (NYSE: TWX), media and entertainment company operating in three segments; Networks, Filmed Entertainment and Publishing, are up sharply in early trading today. At last check, TWX shares were trading 3.48% higher at $44.61 on volume of 1.82 million. The stock hit an intra-day high of $45.14.