Schaeffer's Trading Floor Blog

Buzz Stocks: Time Warner Cable Inc, Twitter Inc, Toyota Motor Corp (ADR), and Vodafone Group Plc (ADR)

Today's stocks to watch in the news include TWC, TWTR, TM, and VOD

by 3/17/2014 9:03 AM
Stocks quoted in this article:

Futures are pointed sharply higher this morning, as the stock market attempts to recover from last week's pullback. In company news, here are some stocks to watch today:

  • The city of Los Angeles is suing Time Warner Cable Inc (NYSE:TWC) for $9.7 million, claiming the provider "blatantly refused to live up to its obligations." Specifically, the lawsuit alleges TWC owes the city both franchise and channel fees from 2008 through 2011; however, the company has already denied the accusations. (TIME)

  • Twitter Inc (NYSE:TWTR) CEO Dick Costolo is visiting China this week in order to "learn more about the Chinese culture and the country's thriving technology sector," despite the fact that the nation blocks the microblogging site. According to a TWTR spokesman, the firm has no intention of changing its policies in order to gain entry into the country. (PCWorld)

  • Toyota Motor Corp (ADR) (NYSE:TM) has closed two factories in India so that it can "ensure the safety of its workers and management personnel," following an escalating 10-month-long wage dispute. A statement from TM's Indian unit, Kirloskar Motor, claims workers have been purposefully stopping production and abusing supervisors for nearly a month. (The New York Times)

  • Vodafone Group Plc (ADR) (NASDAQ:VOD) has secured a deal to purchase Grupo Corporativo Ono SA, potentially giving VOD 1.9 million new customers in Spain. The $10 billion deal preempts Ono's planned initial public offering, which gained the approval of stakeholders just last week. (Bloomberg)

  • Also, JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) reported quarterly earnings. (Reuters)

  • Finally, despite rumors to the contrary, actor Wayne Knight -- who starred as "Newman" in the TV series Seinfeld -- isn't really dead. "Some of you will be glad to hear this, others strangely disappointed, but....I am alive and well!" Knight remarked on TWTR. (CBS News)

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