On the upsideTime Warner (NYSE: TWX) announced plans to spin off its cable television business and a dividend to shareholderes.
On the downside
In the broad market, advancing issues outpaced decliners by a margin
of nearly 10 to 9 on the NYSE and by more than 5 to 5 on Nasdaq. The
Russell 2000 which tracks small cap stocks added a point to 737.