STOCKS NEWS US-Sprint to invest more in Clearwire: WSJ

Stocks on the move Real-time Equity news U.S. stock market report 0708 EST 09Nov2009-Sprint to invest more in Clearwire: WSJ ------------------------------------------------------------------------------ Sprint Nextel is preparing to invest at least $1 billion more into Clearwire Corp, according to a report in the Wall Street Journal. Sprint's joint venture partners on Clearwire, a group which includes Comcast Corp., Intel Corp, Time Warner Cable Inc. and Bright House Networks LLC, are prepared to kick in another $500 million, the paper reported, citing two people familiar with the matter. The paper wrote that Google Inc, which has been a key joint venture partner, isn't involved in the latest financing round. Reuters Messaging: [e-mail] 0705 EST 09Nov2009-Crude oil rises after impact of hurricane ------------------------------------------------------------------------------ December crude futures were up on Monday, after Hurricane Ida forced the shut of oil and gas facilities in the United States. The commodity also rose as equities rose overseas, while the U.S. dollar fell. For details, see The contract rose 1.4 percent to $78.51 per barrel. Reuters Messaging: [e-mail] 0702 EST 09Nov2009-Altria Group is a bargain for investors: Barron's ------------------------------------------------------------------------------ Barron's wrote that shares of Altria Group were a bargain, citing the company's low multiple, high yield and strong brands. The financial publication added that the company had little downside, and a lot of potential to rally. For details, see Shares of Altria closed Friday at $18.54; Reuters Messaging: [e-mail] 0659 EST 09Nov2009-Advanta files for bankruptcy ------------------------------------------------------------------------------ Advanta Corp on Sunday filed for bankruptcy protection, as the economic crisis hurt its small business customers. The comapny listed total assets of about $363 million and total debt of $331 million. For details, see The stock closed Friday at 33 cents. Reuters Messaging: [e-mail] 0653 EST 09Nov2009-Economic indicators for Nov. 9 ------------------------------------------------------------------------------ Economic indicators on tap for Monday include October employment trends data. For details, see Reuters Messaging: [e-mail] 0648 EST 09Nov2009-Earnings diary for Nov. 9 ------------------------------------------------------------------------------ Companies scheduled to report quarterly results on Monday include: Electronics Arts Inc, Fluor Corp, Sempra Energy, Tesoro Corp and Rockwell Automation Inc. For details, see Reuters Messaging: [e-mail] Keywords: MARKETS STOCKSNEWS COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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