We begin with a cable deal. Charter Communications Won antitrust approval for its 55 billion takeover of time warner cable. That combination would create the secondlargest Cable Provider in the country. The head of the federal Communications Commission also reportedly supports the merger but there are conditions attached. All of which aim to increase the number of homes with highspeed internet and mitigate threats to online video competition. Charter would have to build out Broadband Service to 2 million more homes. The combined company would have to move away from data capps and usagebased billing. And it cannot charge a fee to heavy traffic providers like netflix. Shares at both charter and time warper cable rose more than 4 in todays trading. And that is not the only deal in the Media Industry to tell you about. Begin net wants to buy the rival newspaper owner tribune publishing. But when its private offers were rebuffed by trib bun, ginnet went public. That sent shares of tribune u
Stand. The s p and dow both down more than 2 in march. As for the full quarter, the dow is down 0. 6 . It is a short but busy week. The always important jobs report is due on friday morning and even though the markets will be closed well be here on squawk box, at least joe will bringing you the numbers for the jobs report. Well also be getting personal income and spending at 8 30 a. M. Eastern time today and spending home sales at 10 00. United health right out of the gate at 6 00 is announcing that it is acquiring catamaran ct rx for 61. 50 a share in cash. And that is not i dont know what that quote youre seeing right there is because this is going to move sharply higher i think, United Health probably can write a check that wont bounce on the deal is to be net earnings by 30 cents a share for United Health by next year. By 2016. Lets see, the company is also making some other comments and a firm 6. 25 a share for 2015. The croweo of a catamaran will become the new ceo for pharmacy b
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(Reuters) -Emergent BioSolutions said on Wednesday that it would cut about 300 jobs across all areas of the company and shut down several manufacturing facilities as part of a restructuring plan. Shares of the company rose about 40% to $2.7 in extended.