CNBC's Jim Cramer and David Faber discuss the outlook for Sprint after the company posted a wider-than-expected loss and announced plans to cut 2,000 jobs.» Read More
Sprint Nextel posted a lower quarterly profit Wednesday, but beat Wall Street expectations as the No. 3 U.S. mobile phone service added customers, sending its shares up more than 3 percent.
Like a power saw in overdrive, stocks will again cut a pattern of high velocity moves higher and lower in the coming week as investors look to see whether the Fed will hold out a hand to soothe the credit angst in financial markets. Don't look for any move on rates, but there could be some adjustment of the language in the Fed's comments after it meets Tuesday
The market's wild swings are expected to continue through the summer, analysts say, but investors should take advantage of the volatility instead of fearing it. "There's no reason to think these 100, 200-point swings won't continue," said Rob Brown, chief investment officer at Genworth Financial. "That provides an investment opportunity."
SK Telecom, South Korea's top mobile carrier, reported a modest 8% rise in quarterly profit as solid subscriber growth and healthy mobile Internet service revenue outstripped higher marketing costs.
Here's a look at the phone itself and the companies that collaborated with Apple in building it.
If there's going to be a buyout in telecom, Cramer says it should be Sprint.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Shares in Sprint Nextel surged as much as 16% in afterhours trade after a media report said SK Telecom was preparing to bid for the No. 3 U.S. wireless company. This is despite a denial by the South Korean firm of any such action.
Sprint Nextel, which recently launched an advertising campaign to attract new customers, is disconnecting more than 1,000 subscribers for calling its customer service lines too often and making what the company called unreasonable requests.
Here's a look at the potential winners and losers with the debut of Apple's wireless device.
Global Tower, a U.S. wireless tower operator, is to be bought by a consortium of infrastructure funds managed by members of Australia's Macquarie Group in a deal valued at $1.4 billion.
Apple Inc.'s iPhone may have a corner on the smart phone headlines, but Research in Motion and Palm will generate some news of their own when they release earnings after the bell today.This will shape up into a tale of three companies: One might be too hot, the other too cold, and the last might be just right.
Qualcomm has nothing to do with making Apple's iPhone, but the chief executive officer of the world's No. 2 cell phone chipmaker said Thursday that he has plenty to gain.
The man they call "The Duck," Angel Cabrera, was one of two players who finished under par after the first round of the U.S. Open on Thursday. But oddsmakers didn't respect the 37-year-old, who had a previous U.S. Open high of a seventh place finish in 2001 and missed three of seven cuts in PGA Tour events this year. That's why on Friday morning, if you had a hunch for Cabrera, you could have dropped $100 to won north of $2,500 on Sunday. Wanted to wait until Sunday morning?
Retail investors looking to jump back into the stock market may find it difficult to find out where to even begin given the wealth of mutual funds and ETFs out there. And even those comfortable with fund-based portfolios may want to explore the field of individual stocks, which are riskier than fund but also potentially more rewarding.
A U.S. District Judge might have denied NASCAR's request to stay an injunction that allowed the Cingular logo on Jeff Burton's car to be replaced with an AT&T logo, but NASCAR got a victory yesterday when Alltel agreed to a $25 billion private equity buyout. Let's go back and put this in context for you. NASCAR obviously did not want the AT&T brand on the track because it wasn't one of the brands that were grandfathered in when the governing body signed a 10-year, $700 million deal with Nextel to be the official telecommunications company of NASCAR. But consolidation in this industry is very common -- Sprint soon bought Nextel and AT&T bought Cingular.
There was a time when this telco name was synonymous with disgrace - not anymore.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
U.S. rural wireless telecoms service provider Alltel is being pursued by at least three groups of private-equity buyers about a potential purchase, the Wall Street Journal said on its Web site on Wednesday.
Stocks closed higher and the Dow ended at another record high, buoyed by sharp gains in financial and telecom stocks. "With strong earnings and reasonable valuations, you should expect stocks to go higher," said Ed Keon, chief investment strategist at Prudential. "I think the market represents good value."
Sprint Nextel, the third-biggest U.S. mobile phone service, posted a quarterly loss and a fall in subscribers who pay monthly bills, adding to worries that the company was losing market share to rivals.
Sometimes the best way to reinvigorate your love for investing is to gamble on a few speculative stocks. Tonight, Cramer shares three ponies he thinks are ready to run.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.