(Reuters) - Time Warner Inc posted better-than-expected quarterly profit on Wednesday, helped by its cable networks and the last installment of its Harry Potter movie franchise. Time Warner -- which also reported a new share buyback authorization, a better-than-expected profit outlook and an increase in its quarterly dividend -- initially saw its stock rise almost 3 percent. The shares settled ...
Time Warner's Bright Picture: Q4 Profit, Sales Top Expectations
Time Warner booked a strong end to 2011, as fourth-quarter profit and sales bested expectations. Prompted by this good news, Time Warner shares shot up in pre-market trading.
Time Warner Inc. got a boost from its movie studio and cable TV networks in the last three months of the year, and the company expects growth to continue in 2012 even with the end of its lucrative Harry Potter franchise.
Luxor Capital Announces Expiry of Offer and Takes-Up Deposited Common Shares
NEW YORK, Feb. 7, 2012 /PRNewswire/ - Luxor Capital Group, LP ("Luxor"), announced that as of 5:00 p.m. (Toronto time) today, the offer (the "Offer") by Armant, LLC (the "Offeror"), ...