Comcast considering bid for Time Warner Cable: CNBC
(Reuters) - Comcast Corp is a potential bidder for Time Warner Cable Inc, CNBC said on Friday, citing people familiar with the situation.
Comcast shareholders are encouraging management to consider a Time Warner Cable deal, these sources told CNBC.
Shares of Time Warner Cable jumped 7.3 percent to $129.71 in morning trading, while Comcast was up 3 percent at $48.85.
Time Warner Cable prefers Comcast to buy it, the report said. It also noted that Comcast was seeking advice on concerns by U.S. antitrust regulators and the Federal Communications Commission about a potential tie-up.
Charter Communications is also considered a potential buyer of Time Warner Cable, Reuters reported earlier this month.
(Reporting by Jennifer Saba in New York; Editing by Lisa Von Ahn)
LONDON - The dollar was steady on Friday after its strongest weekly run since March and world stocks were near all-time highs as markets waited for steers from the Federal Reserve and ECB on diverging policy plans.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.