June 7, 2014 |
NEW YORK - Time Warner Cable Inc. shareholders met on a soggy Thursday morning here, a couple blocks off Columbus Circle, to hear chief executive Robert D. Marcus say he considers that the company's dismal 2013 performance is "old news," and that its proposed $45.2 billion acquisition by Comcast Corp. in an all-stock transaction is a "dream combination. " The sedate affair contained none of the drama that marked the Comcast shareholders' May gathering in Philadelphia, which was disrupted by about 50 protesters opposing the merger of the nation's two largest cable companies because of anti-competitive concerns and media concentration.
June 6, 2014 |
Time Warner Cable Inc., the nation's second-largest cable-TV company, will hold its annual shareholder meeting Thursday in New York, and the proposed $45.2 billion merger with Comcast Corp. is not part of the agenda. The meeting follows a tumultuous year at Time Warner Cable in which the company lost hundreds of thousands of cable-TV customers and then became a target of an unfriendly takeover by Charter Communications Inc. Comcast, the nation's largest cable-TV operator, negotiated a friendly all-stock deal to acquire Time Warner Cable that was announced in February.
May 23, 2014 |
Comcast Corp. held an uneventful shareholders meeting Wednesday, during which chief executive Brian Roberts reiterated his sentiment that he was "extremely excited" about a proposed merger with Time Warner Cable Inc., and unionized Comcast technicians pressured the company to improve its treatment of them. The Chicago union, one of the few recognized by Comcast, is negotiating a new contract. Roberts said the meeting was not the venue for bargaining. After the meeting at the Kimmel Center, about 50 antimerger protesters on the sidewalk chanted "Comcast has the tower and the people have the power," calling it a peoples' vote on the merger.
May 22, 2014 |
Several groups plan to protest the Comcast Corp. shareholders meeting Wednesday morning, saying that Comcast's deal to acquire Time Warner Cable Inc. would be bad for consumers. About 100 people have indicated that they would participate in a demonstration outside the Kimmel Center for the Performing Arts on the 300 block of South Broad Street, organizers said Tuesday. The Comcast shareholders meeting is to begin at 9 a.m. in the Perelman Theater. Doors are to open at 8. Consumers Union, Free Press, and Common Cause are among the organizations sending officials, said Hannah Sassaman, policy director for the Media Mobilizing Project in Philadelphia.
April 26, 2014 |
Philadelphia's trademark inflatable union rat, which showed up Thursday outside the Northeast Philadelphia corporate headquarters of Crown Holdings Inc., might be local, but the union protest at the $8.6 billion company's annual meeting was strictly global. Organizing the protest were members of a Canadian local of the United Steelworkers union, based in Pittsburgh. The local has been on strike since September at Crown's plant near Toronto. In Turkey, meanwhile, a similar rally, no doubt minus the rat, was canceled, the union said, after an Istanbul paper printed what it said was Crown's threat to shut the factory if a rally occurred.
May 25, 2013 |
NEW YORK - McDonald's once again faced criticism at its annual shareholder meeting Thursday that it is a purveyor of junk food that markets to children. The world's biggest hamburger chain has been looking to keep up with changing tastes as people increasingly opt for foods they feel are fresh or healthy. Customers can now order egg whites in its breakfast sandwiches, for example. McDonald's also recently introduced chicken wraps to go after people in their 20s and 30s looking for better-for-you options.
May 17, 2013 |
About a dozen tea party activists from the Philadelphia area gathered outside the Kimmel Center on Wednesday - site of Comcast Corp.'s annual shareholders' meeting - to protest the company's ownership of the liberal-leaning MSNBC 24-hour cable news channel. Inside the meeting, shareholders peppered Comcast chief executive officer Brian Roberts about the company's decision to ban local gun-shop advertisements. There were also complaints about the Rev. Al Sharpton, host of PoliticsNation on MSNBC.
August 31, 2012
Sunoco Inc., the oil company whose headquarters have been located in Philadelphia for more than a century, will hold its final shareholders meeting on Oct. 4 in ... Michigan. In a proxy statement mailed to shareholders on Wednesday, Sunoco has scheduled a meeting at the Detroit Athletic Club to vote on its proposed acquisition by Energy Transfer Partners L.P., a pipeline company based in Dallas. After the $5.3 billion merger, Sunoco's retail business and its pipeline business will remain headquartered in the Philadelphia area, reporting to ETP's head office in Texas.
June 2, 2012 |
About 50 demonstrators disrupted Comcast Corp.'s annual shareholders meeting Thursday, chanting, "We are the 99 percent," and protesting what they contended was Comcast's use of tax loopholes and its membership in the Washington group American Legislative Exchange Council. The protest was organized by Fight for Philly, a left-leaning community group. After saying their piece, the demonstrators left. Other speakers at the 90-minute session at the Convention Center said Comcast was engaged in anti-union labor practices in Chicago and criticized MSNBC's prime-time talk-show hosts, with one shareholder calling them "hate mongers and smear merchants.
May 21, 2011 |
Protesters crashed Aetna Inc.'s annual shareholders meeting in Philadelphia on Friday morning, accusing the Connecticut-based health insurer of publicly supporting President Obama's health-care plan while privately funneling money to its opponents - in particular, the U.S. Chamber of Commerce. Aetna chairman Mark T. Bertolini had just gone to the microphone at Le Meridien Philadelphia, a Center City hotel, when the protesters walked into the meeting, chanting and carrying signs. Hotel security and police hurried out the group of about 20, detaining three for 30 minutes.