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Company News for June 17, 2013

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•    JPMorgan Chase & Co. (NYSE:JPM) said going forward its private equity arm One Equity Partners will not be dependent on the bank and will raise money from external sources. Following this development, shares of JPMorgan declined 1.9%

•    American Medical Association may support a ban on advertising of energy drinks. Following these reports, shares of Monster Beverage Corp (NASDAQ:MNST) declined 4.4%

•    Following reports that Time Warner Cable Inc. (NYSE:TWC) and Charter Communications, Inc. (NASDAQ:CHTR) could merge, shares of Time Warner and Charter Communications surged 8.1% and 5.2%, respectively

•    Shares of Johnson & Johnson (NYSE:JNJ) remained unaffected while shares of Elan Corporation, plc (NYSE:ELN) surged 8.3% after Johnson & Johnson sold 25.4 million shares of Elan back to the company

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