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Newspaper
The Gaston Gazette
Location
Gastonia, North Carolina, United States of America
Date
Dec 05, 2017
Page
6
Market movers lift shares as a wiring maker agrees to be acquired by Prysmian Group for 30 a share, valuing the deal at 1.5 billion. Comerica rises after a bank rally as Senate Republicans move to cut corporate taxes amid budget talks and looming spending deadlines.
Sumner Group, Gastonia's only full service ad agency, will expand its web division after merging with NC Web Pros Pro Image 1. The move adds about 80 new web clients as John Endres oversees the expansion. The agency stresses client-first service and going the extra mile, with founder Mike Sumner noting continued success and community support.
AT&T nine figure bid to buy Time Warner faces a court battle with the Justice Department. The outcome could raise TV bills and curb innovation. If blocked or scrapped Time Warner may seek a new buyer, while stock risk remains uncertain. Barclays notes Time Warner stock could dip to about 77 as the deal stalls.
GNC Holdings canceled a planned sale of senior notes and further borrowing due to unattractive terms. The Pittsburgh based chain with about 9000 shops saw shares fall 2.4 percent, continuing a steep slide this year as competition grows in the health and wellness market.
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