Some of the names on the move ahead of the open.
Stocks finished in positive territory Tuesday, but off their session highs after Senate Majority Leader Harry Reid threw cold water on the ongoing "fiscal cliff" negotiations.
With the "fiscal cliff" looming, the CNBC "Fast Money" pros reveal what moves they're making now.
Here are some of Tuesday's midday movers:
Sprint and Clearwire are moving closer to a deal to acquire the rest of the company it doesn't already own.
Sprint and Clearwire are in active negotiations where Sprint would acquire the 49 percent of the company it doesn't already own, reports CNBC's David Faber.
Take a look at some of Friday's midday movers:
*Responds to needs of sandy-impacted businesses in nyc. *Says expect soon to have full restoration of service in Philadelphia and. Bridgeport, Connecticut* Source text* Further company coverage.
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.
BELLEVUE, Wash.-- Clearwire Corp.' s third-quarter loss from continuing operations narrowed as the wireless network operator reduced expenses. The company's loss from continuing operations was $41.3 million, or 22 cents per share, for the three months ended Sept. 30.
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.
CNBC's David Faber reports the latest detail on Sprint's takeover of Clearwire; and weighs in on Verizon's earnings.
CNBC's Jim Cramer, weighs in on what Sprint is likely to do with all the money it gets from Softbank.
NEW YORK-- Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:. Citigroup Inc., up $1.91 at $36.66. Clearwire Corp., up 37 cents at $2.69.
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."
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.
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."
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.
*Softbank shares down as much as 17 pct in Tokyo* Softbank and Sprint have confirmed in talks* Broker warns of "unacceptable" gearing levels.
*Softbank shares down as much as 17 pct in Tokyo* Softbank and Sprint have confirmed in talks By Taro Fuse and Mari Saito.