Pursuits
Time Warner Rises After TV-Programming Fees Help Fuel Profit
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Time Warner Inc., owner of the HBO cable network and the Warner Bros. film studio, rose the most in three months after affiliate fees from cable-TV providers boosted profit and the company announced a new share buyback program.
The shares rose 4.1 percent to $52.01 in New York at the close, the biggest increase since Nov. 7. The stock has climbed