Asian stocks outside Australia recovered from a lackluster open to rise on Monday as a modestly positive lead from Wall Street offset the impact of sliding oil prices.» Read More
Sprint Nextel posted higher fourth-quarter revenue even as it lost subscribers due to the wind-down of its older Nextel network.
Japan is sitting on a debt time bomb and recent moves to push the central bank to target inflation have made it more likely the bomb will explode in the next 24 months, hedge fund manager Kyle Bass told CNBC.
Dish Network has made an unsolicited offer to buy Clearwire for about $2.28 billion, trumping an offer by Clearwire shareholder Sprint Nextel and potentially interfering with Softbank plan to take a majority stake in Sprint.
The euro gained for a second straight session against the dollar on Monday, benefiting from technical factors as well as expectations that the European Central Bank will refrain from cutting interest rates.
The dollar fell against the yen on Monday on profit-taking after its swift rise to a 2-1/2 year high last week -- a rally driven by expectations of aggressive monetary easing by the Bank of Japan.
Some of the names on the move ahead of the open.
Sprint and Clearwire are moving closer to a deal to acquire the rest of the company it doesn't already own.
Japan's dominant mobile carrier NTT Docomo said it lost 40,800 subscribers on a net basis in November, as users switched to Softbank and KDDI to grab an Apple iPhone 5 supplied in Japan.
Take a look at some of Tuesday's morning movers.
*Toyota lifts mood in automakers. But Toyota Motor Corp rose 2.2 percent to a one-month high at 3,210 yen after public broadcaster NHK said it was set to slightly raise its operating profit forecast.
*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.
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.
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.
*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.
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.
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.
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.
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.
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.
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.