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Home » Business » Time Warner (NYSE:TWC) and U.S. Bancorp (NYSE:USB) Big S&P 500 Losers

Time Warner (NYSE:TWC) and U.S. Bancorp (NYSE:USB) Big S&P 500 Losers

By Tina Brown on September 15, 2010
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Digital News Report – Time Warner Cable Inc. (NYSE:TWC) and U.S. Bancorp (NYSE:USB) were two of the S&P big losers today.

Time Warner

Time Warner Cable dropped $2.74 (-4.97%) to $52.43 today. Over the past five days the share price has dropped 4.53 percent. Earlier in the month the company completed a “long term” agreement with Disney / ABC for programming.

The share price had been dropping since August 4th as a television commercial warning customers of a looming agreement deadline between the two companies. On August 31st the share price began heading back up. On Monday the share price started declining again.

US Bancorp

The share price of U.S. Bancorp dropped $0.59 (-2.54%) today to $22.67. The volume of trading was heavy and the stock price is near closer to its 52 week low than high.

The company is cautious about the U.S. recovery. The bank said that loan demand may remain slow. One report said the bank “dampened” hopes for a dividend increase.

By Tina Brown

  1. Coca-Cola Enterprises Inc. (NYSE:CCE) Drops Like Rock And Continues to Fall
  2. Accenture Plc (NYSE:ACN) Share Price Down In After Hours
  3. Time Warner Cable to lose Viacom Channels
  4. NetSuite Inc. (NYSE:N) Share Price Continues To Climb In After Hours
  5. LaBranche Sells NYSE Market-Making Unit to Barclays

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