RadioShack, based in Fort Worth, Texas, says an offer valued at about $160 million from hedge fund Standard General LP was the best bid submitted in an auction that began Monday in New York and was suddenly reconvened in Wilmington, Delaware after midnight Thursday, just hours before the court hearing. RadioShack's bankruptcy plan calls for Sprint, the No. 3 U.S....» Read More
Japanese mobile carrier Softbank's bid for Sprint was approved by US Federal Communications Commission last week, clearing the way for the firm to create a foothold in the US market. The Nikkei's Makiko Utsuda has more.
CNBC's Kayla Tausche has the update on whether a serious bid is out there to buy Hostess Brands.
The newly approved rescue plan for Greece is a "super-TARP," similar to the United States bailout package during the financial crisis, Peter Boockvar, equity strategist at Miller Tabak, told CNBC Thursday.