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Sprint Nextel said its Japanese suitor SoftBank granted it a waiver allowing it to consider a $25.5 billion rival bid by Dish Network, as pressure mounts on SoftBank to sweeten its offer for the No. 3 U.S. wireless carrier.
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*Hitachi, Komatsu up after maintaining outlook guidance. TOKYO, Oct 31- Japan's Nikkei share average advanced on Wednesday as investors took comfort that some firms, such as Hitachi Ltd and Komatsu Ltd, did not cut their full-year earnings guidance as feared.
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TOKYO, Oct 31- Japan's Nikkei share average was seen moving higher on Wednesday after losing 1 percent on profit-taking a day earlier when the Bank of Japan eased monetary policy in line with expectations. ``Since the reaction to the BOJ was fully priced in yesterday, I think we should bounce back today,'' said Toshiyuki Kanayama, senior market analyst at Monex. ``The index should be steady, with some small gains, although there's a lack of incentives because the U.S. wasn't open.'' Market players said the Nikkei was likely to trade between 8,850 to 8,950 on Wednesday.
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TOKYO, Oct 29- The yen steadied on Monday and began the week well above last week's lows, as investors looked past the Bank of Japan's expected easing steps and focused on U.S. economic factors.
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*Honda falls after cutting profit forecast. TOKYO, Oct 29- Japan's Nikkei share average ended flat on Monday as disappointment about a profit warning from Honda Motor Co was balanced by hopes that the Bank of Japan will substantially expand its easing programme when it meets on Tuesday.
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NEW YORK, Oct 26- Wireless service provider Clearwire Corp said on Friday it will use equipment from China's Huawei in a high-speed network upgrade it starts in 2013, with the blessing of the U.S. government. Sprint, which is being taken over by Softbank Corp, plans to use the Clearwire high-speed network to boost its capacity for its own service.
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The company, whose biggest shareholder is Sprint Nextel, said Softbank Corp's plan to pay $20 billion for a 70 percent stake in Sprint is good news for Clearwire, which also counts Sprint as its biggest customer. Many analysts expect that Sprint will use the Softbank investment to buy the remainder of Clearwire or provide it with additional funding.
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Oct 25- Sprint Nextel Corp posted a wider third-quarter loss on Thursday as it spent heavily on a network upgrade and lost customers from its iDen network, which it is shutting down. Sprint posted a loss of $767 million, or 26 cents per share, compared with a loss of $301 million, or 10 cents, in the third quarter a year ago.
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Oct 25- Sprint Nextel Corp posted a wider loss in the third quarter as it spent heavily on a network upgrade and lost customers from its iDen network, which it is shutting down.
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SPRINTING AWAY: In the July to September period, Sprint Nextel Corp. lost subscribers for the first time in two and a half years. However, Sprint's network offers slower data downloads than the bigger rivals in most places. BOTTOM LINE: Sprint's loss widened to $767 million, or 26 cents per share.
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HONG KONG-- World stock markets were lifted Tuesday by better data on the U.S. economy and a report showing improving investor confidence in Germany. In early European trading, Germany's DAX rose 0.6 percent to 7,308.01 and France's CAC 40 gained 0.5 percent to 3,426.48.
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The unlikely success story of Softbank Corp. President Masayoshi Son has taken another leap with his latest mega-deal, announced Monday, to take a 70 percent stake in U.S. mobile phone carrier Sprint Nextel Corp. for $20 billion.
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Japan's Nikkei 225 index rose 1.3 percent to 8,689.29 and South Korea's Kospi climbed 0.9 percent to 1,941.45. Benchmarks in Taiwan, Singapore, and New Zealand also rose. Toshiba Corp. jumped 2.7 percent and Sony Corp. rose 1.5 percent in Tokyo, where exporters were also aided by a slightly weaker yen.
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Japan's Nikkei 225 index rose 0.9 percent to 8,658.82 and South Korea's Kospi climbed 0.4 percent to 1,932.78. Electronics company Toshiba Corp. rose 1.9 percent in Tokyo while Samsung Electronics Co. rose 1.7 percent in Seoul.
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LONDON-- Upbeat signs from the world's two largest economies propped up markets Monday, at the start of a week that could offer greater clarity on the economic fates of Greece and Spain.
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NEW YORK-- Shares of Clearwire jumped 12 percent in premarket trading Monday following news that the Japanese cell phone company Softbank Corp. is buying a majority stake in Sprint, which owns half of the company. Clearwire operates a wireless broadband network that Sprint resells as " Sprint 4 G."
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LONDON-- A round of figures showing China's economy is in relatively good health helped buoy markets Monday, at the start of a week that could offer greater clarity on the economic fates of Greece and Spain. After a lackluster trading session in Asia, the news on China encouraged investors in Europe.
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Japanese telecommunications firm Softbank and Sprint have reached a deal under which Softbank will pay $20 billion for a 70 percent stake in the wireless telecom operator, according to people close to the situation.
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NEW YORK-- Shares of Clearwire Corp., which operates a wireless data network, hit a 52- week high after Japan's Softbank Corp. agreed to pay $20.1 billion for a 70 percent stake in Sprint Nextel Corp.. THE SPARK: Sprint owns 48 percent of Clearwire but doesn't control its board. It's also Clearwire's biggest customer, reselling access to its network as " Sprint 4 G."
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TOKYO, Oct 12- Japanese wireless service provider Softbank Corp is in talks with three major Japanese banks to borrow $23 billion to finance a bid for U.S. operator Sprint Nextel Corp, sources with direct knowledge of the matter told Reuters on Friday.
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TOKYO, Oct 12- Softbank Corp chief Masayoshi Son told reporters last week he decided to buy a smaller rival for $1.84 billion on an impulse- small change for someone who Forbes estimates lost $18 billion in the dotcom bust, but an unusual move in staid Japan.