10.23%SPY 127.82 0.19%FRE 3.16 
2.77%
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NEW YORK - Time Warner Cable Inc., the cable television arm of media conglomerate Time Warner Inc., said Monday it began an underwritten public offering of debt securities with maturities ranging from five to 30 years.
The company said it plans to use the proceeds in part to pay a one-time dividend to shareholders just before the separation of Time Warner Cable from Time Warner Inc.
Time Warner Cable did not say the amount of the proceeds it expects.
Shares fell 69 cents, or 2.3 percent, to $28.85 in morning trading.
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Shares of some top computers companies were down at the close of trading: Apple Inc fell $1.86 or 1.1 percent, to $173.53.
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