Cable television operator Comcast Corp. (CMCSA, CMCSK) and Time Warner Cable, Inc. (TWC) are in early stage talks to sell three million of their subscribers to smaller rival Charter Communications, Inc. (CHTR) in a deal valued at up to $20 billion, according to a Financial Times report on Sunday.
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Advanced Micro Devices, Inc. (AMD) gained 6 percent to $3.91. The company's first quarter net loss narrowed from the year-ago quarter and its adjusted earnings per share topped Wall Street view. Revenue for the quarter rose 28 percent and came in above the consensus estimate.