Asian markets started the data-light week on the back foot, with major indices posting steep losses.» Read More
Asian equities ended mostly lower on Thursday ahead of a raft of global central bank meetings.
Aug 5- Sprint Corp has dropped its bid to acquire No. 4 U.S. carrier T-Mobile U.S. Inc after regulatory resistance showed no signs of softening despite months of lobbying, people familiar with the matter told Reuters. Sprint's shares plunged 19 percent to $5.90, while T-Mobile fell 10 percent to $30.38 on Wednesday.
Aug 6- Sprint Corp, the No. 3 U.S. mobile carrier, named Marcelo Claure as its new chief executive, effective Aug. 11. Claure, 43, will replace Dan Hesse, who has been CEO since 2007, Sprint said in a statement on Wednesday. Claure founded mobile phone distributor Brightstar Corp, which was acquired last year by Sprint's Japanese parent, SoftBank Corp..
Asian equities followed their U.S. peers lower on Wednesday on worries that Russia-Ukraine tensions could escalate into a military conflict.
TOKYO, Aug 6- Japanese shares dropped to a six-week closing low on Wednesday as tensions over Ukraine hit global equities, and SoftBank Corp tumbled after its U.S. subsidiary Sprint Corp abandoned its bid to acquire T-Mobile U.S. Inc. The Nikkei average fell 1.1 percent to 15,159.79, its lowest close since June 27, logging its fifth consecutive day of losses.
*Sprint to name Brightstar's Marcelo Claure as CEO- source. Aug 5- Sprint Corp has dropped its bid to acquire No. 4 U.S. carrier T-Mobile U.S. Inc after regulatory resistance showed no signs of softening despite months of lobbying, people familiar with the matter told Reuters.
*Wall Street drop, Ukraine tensions curb risk appetites.
Sprint is abandoning its pursuit of T-Mobile as the regulatory challenges of the deal are too steep.
Aug 5- Sprint Corp has dropped its bid to acquire No. 4 U.S. carrier T-Mobile U.S. Inc because the challenge of securing regulatory approval for the deal was too steep, a person familiar with the matter told Reuters. The Wall Street Journal first reported the news Tuesday that Sprint had abandoned its bid.
Aug 5- Sprint Corp has dropped its bid to acquire No. 4 U.S. carrier T-Mobile U.S. Inc because the challenge of securing approval for the deal was "too steep," the Wall Street Journal cited unidentified sources as saying.
European benchmarks closed higher, although gains were capped by weakness seen in the Italian and Spanish markets.
Yahoo CEO Marissa Mayer's actual accomplishments during her two-year tenure leave much to be desired, Eric Jackson said.
*Iliad offers $15 bln for 56.6 pct of T-Mo, or $33/ share. FRANKFURT, Aug 4- Deutsche Telekom has serious doubts about the overall attractiveness of a bid by French telecom group Iliad for its U.S. mobile unit, despite lower regulatory hurdles than a rival offer, said two people close to the company.
Asian equity markets were mixed on Monday due to geopolitical tensions and weak economic data from the world's two largest economies.
*Argentine's default, Portugal bank woe hit financials despite limited exposure. TOKYO, Aug 4- Japanese stocks were flat on Monday after slipping to a one-week low in choppy early trade, as more losses on Wall Street and the conflict in Gaza and Ukraine sapped risk appetite.
WASHINGTON, Aug 3- French telecoms firm Iliad will be hard-pressed to meet its goal of generating $2 billion in additional annual operating profit at T-Mobile US Inc by cutting costs and slashing prices if its takeover bid is accepted, analysts said.
TOKYO, Aug 4- If Masayoshi Son, the billionaire founder and CEO of SoftBank Corp needs a fresh strategy to fend off a surprise French counterbid for a prized U.S. telecoms target, he could do worse than ask budding entrepreneurs at the SoftBank Academia.
CNBC takes a closer look at Iliad's backstory after the French group confirmed its bid to take over T-Mobile U.S.
WASHINGTON, July 31- French telecommunications company Iliad's surprise bid for U.S. wireless carrier T-Mobile US Inc would face a far easier U.S. review process than the offer long expected from Sprint Corp, experts said.
NEW YORK, July 31- French telecoms operator Iliad SA has recently made a buyout approach for T-Mobile US Inc, according to a person familiar with the matter, a surprise bid that counters an existing takeover bid by Sprint Corp..