Clearwire says its special committee and its board of directors approved Sprint Nextel's sweetened offer to take over the company and is advising shareholders to vote for the deal.» Read More
NEW YORK-- Clearwire Corp., which operates a wireless data network, on Monday said a second shareholder advisory firm, Egan-Jones, has endorsed the buyout of minority shareholders by Sprint Nextel Corp..
*Elan to buy part of U.S. drug firm Theravance's royalty for $1 billion. NEW YORK, May 13- U.S. stocks dipped on Monday, retreating from the most recent record high, but an unexpected rise in retail sales last month muted declines.
AT&T Inc. fell$. 19 or. 5 percent, to $37.17. Sprint Nextel fell$. 08 or 1.0 percent, to $7.28. Verizon Communications Inc. fell$. 38 or. 7 percent, to $52.51.
*Elan, Theravance reach royalties deal. NEW YORK, May 13- U.S. stocks were poised for a lower open on Monday after the S&P 500 index closed at a record high, but an unexpected rise in retail sales last month was likely to curb any decline.
*Elan, Theravance reach royalties deal. NEW YORK, May 13- U.S. stock index futures dipped on Monday, indicating the S&P 500 may retreat from its most recent record high, ahead of data on retail sales. *Investors will look to April retail sales data at 8:30 a.m. for any signs of strength in the consumer.
TOKYO, May 13- Japan's Nikkei share average is set to rise to a new 5-1/ 2 year high on Monday after some encouraging earnings helped lift U.S. stocks to record highs and as the weakening yen further bolsters exporters.
AT&T Inc. rose$. 03 or. 1 percent, to $37.36. Sprint Nextel rose$. 01 or. 1 percent, to $7.36. Verizon Communications Inc. rose$. 18 or. 3 percent, to $52.89.
*Dish may face difficulty securing financing for Sprint bid. May 10- SoftBank Corp has asked investment banks not to finance a rival bid for Sprint Nextel Corp by Dish Network Corp, saying this could hurt the banks' chances of gaining a role in the highly anticipated public offering of Alibaba Group Holding Ltd, according to two people with knowledge of the matter.
NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Advanced Micro Devices Inc. rose. 8 percent to $3.89 with 16,177,200 shares traded. Bank of America Corp. rose. 7 percent to $13.00 with 52,483,400 shares traded.
AT&T Inc. fell$. 07 or. 2 percent, to $37.26. Sprint Nextel fell$. 02 or. 3 percent, to $7.33. Verizon Communications Inc. rose$. 01 or percent, to $52.72.
*ISS says Sprint offer is Clearwire's best option. May 10- The biggest U.S. proxy advisory firms were divided on Sprint Nextel Corp's proposed acquisition of Clearwire Corp, with ISS advising Clearwire shareholders to vote for the deal and Glass Lewis urging them to vote against it.
AT&T Inc. rose$. 15 or. 4 percent, to $37.48. Sprint Nextel unchanged at $7.35. Verizon Communications Inc. rose$. 12 or. 2 percent, to $52.83.
CNBC's David Faber reports the latest developments in the battle between SoftBank and Dish Network to acquire Sprint.
May 10- Clearwire Corp shareholders should vote in favor of a proposed acquisition by Sprint Nextel Corp, given a lack of better options to keep the company afloat, influential proxy advisory firm ISS said on Friday. Sprint, which already owns 52 percent of Clearwire's shares, has proposed paying $2.97 per share for the rest.
May 10- Clearwire Corp shareholders should vote in favor of a proposed acquisition by Sprint Nextel Corp, influential proxy advisory firm ISS said on Friday.
We look at Asia's 10 richest first-generation businessmen. Find out who these self-made billionaires are and how they made their money.
AT&T Inc. fell$. 50 or 1.3 percent, to $37.33. Sprint Nextel rose$. 03 or. 4 percent, to $7.35. Verizon Communications Inc. fell$. 40 or. 8 percent, to $52.71.
Dish Network Chairman Charlie Ergen said he could sell the entire satellite TV company if he loses the battle with Japan's SoftBank to buy Sprint Nextel.
*Chairman threatens to sell company if Sprint bid fails. May 9- Acquiring Sprint Nextel is so important to Dish Network Corp founder and Chairman Charlie Ergen that he said on Thursday he may have to put the satellite TV company up for sale unless it prevails in its bidding war for Sprint with Japan's SoftBank Corp..
AT&T Inc. fell$. 40 or 1.1 percent, to $37.43. Sprint Nextel rose$. 05 or. 7 percent, to $7.37. Verizon Communications Inc. fell$. 19 or. 4 percent, to $52.92.