Time Warner Inc. (NYSE: TWX) CEO announced yesterday (Wednesday) that HBO will offer its own online-streaming service starting in 2015.
The news boosted TWX stock significantly, but that's far from the most important consequence of this development.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
Time Warner Inc. (NYSE: TWX) CEO announced yesterday (Wednesday) that HBO will offer its own online-streaming service starting in 2015.
The news boosted TWX stock significantly, but that's far from the most important consequence of this development.
This move signifies a major shift in the television industry...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
Time Warner Inc. (NYSE: TWX) CEO announced yesterday (Wednesday) that HBO will offer its own online-streaming service starting in 2015.
The news boosted TWX stock significantly, but that's far from the most important consequence of this development.
This move signifies a major shift in the television industry...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM -
Time Warner Inc. (NYSE: TWX) stock is down more than 12% in morning trading today following last night's news that Rupert Murdoch's Twenty-First Century Fox Inc. (Nasdaq: FOXA) has removed its $80 billion offer to purchase the company. TWX stock opened at $74.90 after closing yesterday at $85.19.
The statement came as a surprise to TWX investors who had pushed TWX stock to a 52-week high of $88.13 in mid-July shortly after the offer had been announced.
Here’s why the deal fell through the morning…
By Guest Admin, Money Morning -
Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Cavuto" Friday evening to discuss news moving the stock market this week:
To see the video, please click here...