Sprint overthrows US$3.40 bid per share of Dish to a US$4.40 bid per share for Clearwire. (Photo : Reuters)People passing by a Sprint store in NYC. Sprint Nextel Corp has urged Clearwire Corp to reject the offered bid made by Dish Network.
Sectors
Asian Stocks, Swinging from Gain and Losses
Asian stocks swing from gains and losses while the US manufacturing unexpectedly contracted. Asian benchmarked stocks swung between gains and losses regardless of the optism that the Federal Reserves will keep its record of monetary stimulus.
Continental Grain Co Announced Selling Entire Stake at Smithfield
Continental Grain Co announced to finally end its long-term ownership with Smithfield to prevent further proxy battle.
Calpers Plan to Sell Its Entire Carlyle 4% Stake
Calpers is planning to sell its entire 4% stake in Carlyle that is valued at US$373.3 million. After 12 years of being managed by Carlyle Group LP, a private equity manager firm, the California Public Employees' Retirement System plans to sell its total 4% stake.
General Motors Rejoins S&P 500 After Four Years
GM rejoins S&P 500 replacing H.J Heinz Co. H. J Heinz Co. will be replaced by General Motors Co. (GM) in the Standard & Poor's 500 Index. This is after the trade closing on June 6.
Latest News
AIG, GE Capital and Prudential Financial confirm receipt of notification for regulatory oversight. (Photo : REUTERS)American International Group Inc, the insurer rescued by the U.
Steven A. Cohen is at the brink of cutting down a number of his staff after more investors are expected to pull out their money.
Deutsche Annington is reportedly set for a market listing around July 4, a reliable source said on Monday.
Intercontinental Exchange Inc and NYSE Euronext has officially merged into a $20 billion worth company after their respective shareholders unanimously approved the deal on Monday.
Shire Plc (SHP) pulled off a settlement agreement with Teva Pharmaceutical Industries Ltd. (TEVA), enabling the later to manufacture cheap generic copies of Intuniv.
IVG, the German property firm, is planning to present a restructuring plan to its shareholders for debt repayment.
Nestle SA has a AA credit rating from S&P, which would determine the future acquisitions it would be making.
Vodafone to put in another GBP900 million for the completion of the 4G network of the company. The second largest wireless company in the world, Vodafone Group Plc, has announced that it would be inreasing its UK investments by a whopping 50%.
McGraw Hill Financial, the parent company of Standard and Poor's is investing further in Indian credit agency Crisil.
