Sprint Nextel Corp. wants its high-speed wireless Internet effort to do well and is willing to pay the man leading the operation a lot for it.

Among the earnings stories for Monday, May 12, from AP Financial News:

High-speed wireless Internet provider Clearwire Corp <CLWR.O> posted a wider net loss on Monday as operating expenses climbed, but said the number of subscribers jumped 72 percent from a year earlier.

Clearwire Corp., which is merging its wireless broadband unit with that of Sprint Nextel Corp. to create a $14.55 billion communications company, said Monday its first-quarter loss nearly doubled year-over-year on surging expansion costs.

Sprint Nextel Corp.'s Dan Hesse had little good news to share Monday on the eve of addressing his first shareholder meeting as chief executive of the troubled wireless carrier.

Sprint Nextel Corp <S.N>, the No. 3 U.S. wireless service provider, said on Monday it may seek changes to its credit agreements, raising questions about how long it will take to turn around the business.

By Sinead Carew

Among the stock activity stories for Thursday, May 8, from AP Financial News:

Shares of Clearwire Corp. tumbled Thursday after Citi Investment Research downgraded the company saying its shares are trading well above what he views as a fair value.

Cablevision Systems Corp <CVC.N> said on Thursday it plans to spend $350 million to build a wireless broadband network to serve its subscribers in the New York area.

NEW YORK (Reuters) - Cablevision Systems Corp <CVC.N> said on Thursday it plans to spend $350 million to build a wireless broadband network to serve its subscribers in the New York area.

Cablevision Systems Corp <CVC.N> said on Thursday it plans to spend $350 million to build a wireless broadband network to serve its subscribers in the New York area.

Sprint Nextel Corp <S.N> and top U.S. cable companies are investing in Clearwire Corp <CLWR.O> to introduce high-speed wireless Web services and get a head start on AT&T and Verizon, but analysts said the seven-way partnership may be too complex to succeed.

By Sinead Carew

Sprint Nextel Corp <S.N> and top U.S. cable companies are investing in Clearwire Corp <CLWR.O> to introduce high-speed wireless Web services and get a head start on AT&T and Verizon, but analysts said the seven-way partnership may be too complex to succeed.