US cable company Charter Communications announced Tuesday it is acquiring rival Time Warner Cable in a deal valued at $78.7 billion, in a major consolidation on the American market. Charter is giving $195 per share and $100 in cash, for the number two company in the US market, it said. If successful, the merger would mark a major consolidation in the industry, something that does not always happen smoothly in the United States.
PARIS (AP) — The Latest from the French Open:
By Ian Simpson WASHINGTON (Reuters) - Baltimore rioting over the death of a black man from injuries in police custody is spurring Maryland lawmakers to take action on criminal justice reform after legislation stalled in the statehouse. Legislators hope that the death of Freddie Gray, 25, can galvanize the Democratic-controlled state Assembly after bids for reforms, especially one that would alter a state law giving police special rights, went nowhere in the last legislative session. "Unfortunately for Freddie Gray, he becomes symbolic of similar type of issues facing police departments across the nation," said state Senator Catherine Pugh, co-chair of a 20-member bipartisan working group appointed this month to study police issues.
TEHRAN, Iran (AP) — An Iranian security court on Tuesday held the first hearing in the closed trial of an American-Iranian reporter for The Washington Post who has been detained for more than 10 months, the official IRNA news agency reported.
NEW YORK (AP) — Charter Communications will spend $55.33 billion to acquire Time Warner Cable in a cash-and-stock deal that would instantly create one of the largest TV and Internet providers in the U.S.