Clearwire is in bed with two financial suitors, namely Sprint Nextel and Dish Network. In a report by the Wall Street Journal, Clearwire Corp is planning to seek financing assistance from Sprint Nextel.
Sectors
Office Depot Shareholder Urges for Mexican Joint Venture Sale
Office Depot shareholder Starboard has been calling for the sale of Mexican joint venture. Starboard Value LP has urged the shareholder board of Office Depot to explore the sale of its Mexican joint venture interest.
Juniper Reviewing Business Plans
Juniper rethinking future after sales plans fell through. Juniper Network is reviewing its current business focus of enterprise networking businesses after discussions failed to materialize as to the sale of its assets.
Paypal co-founder to launch new Start-Up
Max Levchin, one of the co-founders of online payment mogul Paypal has launched a business competitor last Tuesday.
Lloyds Deal Face Threat
Lloyds deal to sell branches may not push through due to capital deficit with Co-op. The deal that would allow Co-operative Bank to purchase more than 600 branches of the Lloyds Banking Group is under grave threat not to push through.
Latest News
Air Asia pays out biggest dividend policy. The Asian region's largest discount carrier, Air Asia Bhd has reported a ten-fold increase in share values in almost ten months.
EdR expands with Elauwit. EdR, a market leader in the ownership and operations of collegiate housing has announced that it has purchased a 10% stake in Elauwit Networks, a service provider of Internet access, telephone and video services.
China Asset Management predicts rebound in Chinese stock prices for 2012. According to China Asset Management Co, stocks of Chinese companies would rally in value as the government continues to find ways to augment the economic recovery of the country.
Proxy advisers clamoring for job split for Disney's Iger. Walt Disney Co. shareholders have been advised by proxy advisers ISS and Glass and Lewis & Co to urge the split of CEO and Chairman duties currently held by Robert Iger.
BT purchases ESPN UK and Ireland with ESPN America coverage. BT, in a bid to pry open the hold of BSkyB over the pay-TV sports market in Europe, has agreed to purchase ESPN's UK and Ireland television business.
Etihad nearing deal for stake in India's Jet Airways. For the price of US$70 million, Abu Dhabi's Etihad Airways purchased Jet Airway's slots at Heathrow Airport in London.
Orbimed expands into Indian healthcare industry. Orbimed Advisors of New York is now preparing to launch its second Pan Asia Healthcare Fund by the end of 2013.
THQ bankruptcy court to supervise asset sale. In an announcement, THQ Inc has announced that it would be selling its remaining intellectual properties through a Court supervised sale auction.
JP Morgan CEO issues warnings on capital hoarding. JP Morgan Chase and Co CEO Jamie Dimon said in a conference that lenders are accumulating more capital than needed.
