Stock Market & Financial Investment News

News Breaks January 18, 2013 06:17 EDT CLWR, FCX Stocks with implied volatility below IV index mean; CLWR FCX Stocks with implied volatility below IV index mean; Clearwire (CLWR), Freeport McMoRan (FCX) according to iVolatility. News For CLWR;FCX From The Last 14 Days Check below for free stories on CLWR;FCX the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. 1 | 2 | all recent news | >> May 17, 2013 07:46 EDT CLWR Clearwire investors to force Sprint to up bid, Reuters reports Subscribe for More Information May 16, 2013 08:12 EDT FCX Freeport, Plains Exploration announce preliminary results of merger election Subscribe for More Information May 15, 2013 17:18 EDT FCX BP Capital gives quarterly update on stakes Subscribe for More Information May 14, 2013 07:29 EDT FCX BofA/Merrill to host a conference Subscribe for More Information May 13, 2013 09:50 EDT CLWR Clearwire sends letter urging stockholders to vote 'for' proposed Sprint transaction Subscribe for More Information 07:36 EDT FCX Plains Exploration CEO urges holders to support Freeport McMoRan merger Plains Exploration (PXP) CEO and Chairman James C. Flores urged shareholders to support the merger with Freeport McMoRan (FCX) in a letter. The letter explained that "The strategic nature of the transaction, including the fact that the combination of the PXP, FCX and McMoRan Exploration businesses is expected to create the largest diversified U.S.-based natural resource company with an enterprise value in the top five among global mining peers, increase geographic diversification of the combined company within the U.S. and increase commodity diversification for the combined company. The scale of the combined company, which will enable it to compete more effectively than either PXP, FCX or MMR on a standalone basis, through increased cash flow and lower cost of capital investment in future development projects, exploration and acquisitions." May 10, 2013 17:16 EDT CLWR Crest Financial takes first step to perfect appraisal rights of Clearwire shares Crest Financial Limited, the largest of the independent, minority stockholders of Clearwire (CLWR), has told its brokerage firms to take all necessary steps to perfect Crest's rights under Section 262 of the Delaware General Corporation Law to seek appraisal for the common stock of Clearwire that it beneficially owns. The Delaware law permits Clearwire shareholders electing to exercise their appraisal rights to ask the Delaware Court of Chancery to determine the fair value of their Clearwire common stock if the Sprint (S)-Clearwire merger is consummated and certain other conditions are satisfied. The law states that a Clearwire stockholder that votes FOR the Sprint-Clearwire merger cannot elect to exercise its appraisal rights. Crest has long argued that the price Sprint Nextel is offering to pay Clearwire stockholders for their shares is highly inadequate, that the merger was structured in a way that unfairly disadvantages minority stockholders and that Clearwire would be better off if it remained a stand-alone company. Crest also commended Glass, Lewis & Co., a leading proxy advisory firm, for its recommendation urging that Clearwire stockholders vote against the proposed merger with Sprint. Crest said is strongly disagreed with the view of ISS that the Sprint-Clearwire merger should succeed. 12:17 EDT CLWR ISS recommends Clearwire holders vote 'FOR' proposed transaction with Sprint Subscribe for More Information 09:23 EDT CLWR Sprint says ISS recommends Clearwire shareholders vote in favor of merger Subscribe for More Information May 9, 2013 18:12 EDT CLWR Softbank CEO says Sprint takeover to offer pricing advantage, WSJ reports In an interview with The Wall Street Journal, Softbank (SFTBF) CEO Masayoshi Son said the proposed takeover of Sprint (S) will allow the combined company to bring a pricing advantage to the U.S. wireless market. The report also says Son has assured regulators networking equipment from Huawei Technologies would be removed from Clearwire's (CLWR) network as a condition for getting approval. Reference Link 15:09 EDT CLWR Softbank CEO says Sprint wouldn't allow Clearwire bankruptcy filing, DJ reports Subscribe for More Information 14:30 EDT FCX Options Update; May 9, 2013 Subscribe for More Information 14:06 EDT CLWR Crest Financial issues statement urging Clearwire holders vote against merger Subscribe for More Information 08:13 EDT FCX PXP announces support for merger with Freeport-McMoRan Subscribe for More Information 08:02 EDT FCX Freeport McMoRan says agreed terms for Plains Exploration are 'best and final' Subscribe for More Information 08:01 EDT FCX Freeport McMoRan says agreed terms for Plains Exploration are 'best and final' Subscribe for More Information May 8, 2013 14:03 EDT FCX Freeport McMoRan reiterated as an Overweight at Morgan Stanley May 7, 2013 07:18 EDT CLWR FCC okays LightSquared spectrum test, WSJ reports Subscribe for More Information May 6, 2013 18:27 EDT CLWR Crest Financial urgers Clearwire holders to reject proposed merger with Sprint Subscribe for More Information 10:49 EDT FCX Cliffs Natural rallies after analyst raises stock to Outperform Mining company Cliffs Natural (CLF) is climbing after FBR Capital analyst Mitesh Thakkar upgraded the stock to Outperform from Market Perform in a note to investors earlier today. WHAT'S NEW: After meeting with Cliffs' management, Thakkar is more convinced that the company can use various methods to offset declines in iron ore prices. Specifically, Cliffs Natural can reduce its spending on various initiatives, and sell assets to raise cash if necessary, the analyst contended. In addition, there are signs that China's iron ore imports could increase, while Cliffs' stock has slumped 49% this year, making its valuation attractive, the analyst wrote. Thakkar kept a $28 price target on the shares. TODAY'S PRICE ACTION: In mid-morning trading, Cliffs gained 85c, or 4.3%, to $20.75. OTHERS TO WATCH: Other metal producers rose slightly, with Alcoa (AA) adding 0.75% to $8.70, BHP Billiton (BHP) gaining 0.4% to $67.80, and Freeport McMoRan (FCX) gaining 0.75% to $31.40. 1 | 2 | all recent news | >> Sign up for a free trial to see the rest of the stories you've been missing.