Japan's Softbank received the final approval it needed from U.S. regulators for its $21.6 billion bid to take control of No. 3 US wireless provider Sprint Nextel.» Read More
Oct 11- Sprint Nextel Corp confirmed that it is engaged in talks with Japan's Softbank Corp about a potential "substantial investment" in Sprint. This transaction could involve a change of control of Sprint, the company said in a statement. The company does not intend to comment on the matter further unless and until an agreement is reached, it said.
James Moorman, S&P Capital IQ analyst, discusses how the wireless landscape could change if Softbank acquires 75 percent of Sprint.
*Sprint, Clearwire soar in early trade, MetroPCS sinks. TOKYO/ NEW YORK, Oct 11- Japanese mobile carrier Softbank Corp is in talks to buy a majority stake in U.S. operator Sprint Nextel Corp for more than 1 trillion yen, according to a source with direct knowledge of the matter, adding yet another potential shake-up to the fast-changing U.S. wireless market.
*Sprint jumps on reports of possible Softbank deal. NEW YORK, Oct 11- U.S. stocks advanced on Thursday after data showed initial jobless claims fell to the lowest level in more than four and a half years, suggesting improvement in a key factor for economic growth.
*Sprint jumps on reports of possible Softbank deal. NEW YORK, Oct 11- U.S. stocks were poised for a higher open on Thursday after data showed initial jobless claims fell to the lowest level in more than four and a half years.
*Sprint shares up 16 pct in premarket trade. TOKYO/ NEW YORK, Oct 11- Softbank Corp, Japan's third-largest mobile carrier, is in talks to buy a majority stake in U.S. operator Sprint Nextel Corp for more than 1 trillion yen, according to a source with direct knowledge of the matter.
NEW YORK, Oct 11- Clearwire Corp:.
*Softbank to buy majority in Sprint- source. TOKYO, Oct 11- Softbank Corp, Japan's third-largest mobile carrier, is in talks to buy a majority stake in U.S. operator Sprint Nextel Corp for more than 1 trillion yen, said a source with direct knowledge of the matter, as it seeks to expand overseas.
October 3, versus 14.3% as of August 29- SEC filing.
Take a look at some of Monday’s morning movers:
The wireless giant is finally taking speed, reliability, and business features seriously with its new 4G offering, reports TheStreet.
In the coming year, one writer from TheStreet.com expects considerable buzz generated from new Apple gadgets and a new Microsoft Windows operating system and details his predictions for the top five business tech trends.
US stock index futures were pointing to a strongly higher open for Wall Street on Tuesday after a report showing German business optimism rising unexpectedly and as Spanish short-term financing costs fell sharply.
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Stocks finished narrowly mixed in a quiet session Thursday as investors took a breather following a sharp rally in the previous session and ahead of the crucial government non-farm payroll figure due Friday morning.
Stocks finished mixed in another thin, choppy session Friday, as investors were reluctant to commit to the market ahead of the weekend and amid ongoing nervousness over the debt talks in Europe and Washington.
Clearwire has $4 billion worth of debt from trying to build out its 4G wireless network, reports CNBC's David Faber. There's some question about whether it will be able to make its December 1st debt payment. Bankruptcy would be bad for Sprint, he says, because it relies on Clearwire for much of its wireless spectrum.
You're know you're in trouble when the markets go up on speculation you're resigning — that's what Italian Prime Minister Silvio Berlusconi is facing this morning. Berlusconi denied everything on his Facebook page: "The rumors of my resignation are groundless." Some in Berlusconi's party insisted that he had not lost a majority, but last week two deputies from his own party defected to another party. Reuters noted that he appears to 214 votes in the 630-seat lower house — that is not a majority. This may all come to a head tomorrow, when there is a budgetary vote.
Stocks recouped some of their losses in a volatile trading session Friday but still finished lower as investors digested a handful of headlines from the euro zone and ahead of a key confident vote in Greece.
Weighing in on why some investors are keeping Sprint as one of their top stocks, with David Dixon, FBR Capital Markets analyst.