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Stocks close higher; Time Warner soars

Stocks close higher; Time Warner soars

Major stock indexes rebounded Wednesday, finishing higher for the third time in four days and lifting the Dow Jones industrial average to its second record close this month.

Investors had lots of market-moving news to consider, including encouraging corporate earnings from Intel, a higher profit forecast from hospital operator HCA Holdings and a pickup in U.S. homebuilders' confidence about the housing market.

Trading action appeared to get the biggest jolt from the latest batch of corporate deal news.

Investors drove up shares in Time Warner 17 percent on news that Twenty-First Century Fox made a takeover bid for the media giant. Other deals involving Apple and IBM...

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