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(Reuters) - Charter Communications Inc said it would buy Time Warner Cable Inc in a cash-and-stock deal that values the larger rival at $78.7 billion, to compete with No. 1 U.S. cable services provider Comcast Corp. The deal values each Time Warner Cable share at about $195.71 based on Charter's closing price on May 20, the companies said in a joint statement on Tuesday. (Reporting by Supantha Mukherjee in Bengaluru and Lauren Tara LaCapra in New York; Editing by Sriraj Kalluvila)
BEIJING (AP) — A fire that swept through a privately run home for the elderly in central China killed 38 people and left much of it a charred ruin, raising concerns over the safety of facilities housing the country's rapidly aging population.