Icahn lowers Time Warner stake
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Billionaire investor Carl Icahn cut  his stake in media company Time Warner Inc. to 20 million  shares in the fourth quarter from 55 million shares, according  to a U.S. regulatory filing on Wednesday.
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CNNfn, the financial news cable  network owned by Time Warner Inc., on Thursday said it will  cease operating by mid-December, after fighting a losing battle  against the far larger rival CNBC.
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CNNfn, the financial news cable network owned by Time Warner Inc. , on Thursday said it will cease business operations by mid-December, after fighting a losing battle against the far larger rival CNBC.
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Time Warner Inc. has withdrawn its all-cash bid for movie studio Metro-Goldwyn-Mayer, saying it could not agree on a price.
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Financier Carl Icahn ended his bid for Reckson Associates Realty Corp. , the Wall Street Journal reported on its Web site on Tuesday, a move that illustrates the difficulty activist shareholders face in challenging management.
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MUMBAI: In a bid to reverse its declining fortunes through cost cutting measures Time Warner&#39;s unit America Online which claims to be the world&#39;s largest internet service provider will remove over 700 employees shortly.
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Time Warner Inc. TWX.N and Comcast  Corp. CMCSA.OQ on Monday agreed to a pact giving Comcast an  option to cut its stake in Time Warner's cable unit, opening  the door for Comcast to unwind the entire partnership.
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Billionaire investor Carl Icahn said on  Thursday he is seeking approval from shareholders of ImClone  Systems Inc.  to remove six directors from its board,  including the chairman and the interim chief executive, and  bring in one of his own nominees.
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Time Warner Inc. announced that it has set aside $500 million in legal reserves in connection with a government probe and that it will restate its financial results for 2000, 2001, and possibly 2002.
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Time Warner Inc., the world&#39;s largest media company, withdrew its bid for Metro-Goldwyn-Mayer Inc. after it could not reach agreement on the price of the film studio controlled by billionaire investor Kirk Kerkorian.
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Time Warner has said that it set aside $500 million to pay for potential penalties from a government investigation into accounting practices at America Online, a step that led to a 7.8 percent decline in profit in the third quarter.
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Time Warner Inc. and Comcast Corp. agreed to a deal Monday giving Comcast an option to cut its stake in Time Warner&#39;s cable unit, opening the door for Comcast to unwind the entire partnership.
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Billionaire investor Carl Icahn said on   Thursday he is seeking approval from shareholders of ImClone   Systems Inc. IMCL.O to remove six directors from its board,   including the chairman and the interim chief executive, and   bring in one of his own nominees.
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CNNfn, the financial news cable  network owned by Time Warner Inc., on Thursday said it will  cease business operations by mid-December, after fighting a  losing battle against the far larger rival CNBC.
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Time Warner Inc., the world's largest media company, won approval yesterday of a settlement of an investor lawsuit that a judge says will require the company to make changes in how it governs itself.
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Time Warner has set aside a $500m (Â£272m) war chest to cover regulatory and legal action over accounting practices at its America Online division.
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Time Warner Inc. on Monday said it  would withdraw its bid for Metro-Goldwyn-Meyer Inc., saying it  could not reach an agreement on price.