• S&P 500 ends up; Time Warner shares jump after hours

    4 monthes ago - By Reuters

    NEW YORK - The S&P 500 and Nasdaq ended higher on Tuesday, boosted by gains in the technology and utilities sectors, and shares of media and telecom companies jumped in extended trade after AT&T won court approval to buy Time Warner.
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  • Who Wall Street Sees as Winners and Losers in the AT&T-Time Warner Verdict

    4 monthes ago - By Fortune

    After a federal judge ruled on Tuesday that AT&T could buy Time Warner , investors poured into some stocks while unloading others.
    On the most direct impact, shares of AT&T t
    , which were already up 6% over the past week, gave up some of that gain during after-hours trading and declined 2%. Meanwhile, shares of Time Warner twx
    , up only 3% the past week, gained another 4%.
    Most analysts had expected that District Judge Richard Leon would rule in favor of the companies and strike down a Justice Department's lawsuit to block the deal, which may have muted some of the immediate reaction. As...
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