Time Warner Inc. Reports Second Quarter 2005 Results
- Aug 3, 2005 06:06 AM (BusinessWire)
NEW YORK--(BUSINESS WIRE)--Aug. 3, 2005--Time Warner Inc.
(NYSE:TWX)
-- Company Reaches Agreement in Principle to Resolve Its Primary
Securities Class Action Litigation and Reserves $3 Billion
Related to All Pending Securities Litigation Matters
-- Board of Directors Authorizes $5 Billion Stock Repurchase
Program
Time Warner Inc. (NYSE:TWX) today reported financial results for
its second quarter ended June 30, 2005. The Company also announced
that it has reached an agreement in principle to resolve its primary
securities class action litigation and established reserves of $3
billion related to this and all other related securities litigation
matters. In addition, Time Warner's Board of Directors has authorized
a $5 billion stock repurchase program over the next two years.
...
- http://finance.lycos.com/home/news/story.asp?story=50881109
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