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Stock Market & Financial Investment News

News For CLWR;S;DISH;STX;STZ;AZZ;SKUL;APOL;ONE;HA From The Last 14 Days
Check below for free stories on CLWR;S;DISH;STX;STZ;AZZ;SKUL;APOL;ONE;HA the last two weeks.
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May 13, 2013
08:24 EDTDISH, SSoftbank pressuring potential Dish investment banks, FT reports
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May 11, 2013
13:39 EDTDISH, SSoftbank says Dish-Sprint deal poor match, Bloomberg reports
The CEO of SoftBank (SFTBF) Masayoshi Son criticized the concept of Dish Network's (DISH) offer to buy Sprint Nextel (S), saying the satellite company would be a poor fit for a wireless carrier, while the synergies of a SoftBank-Sprint deal will result in significant cost savings. Reference Link
May 10, 2013
17:16 EDTCLWR, SCrest 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 EDTS, CLWRISS recommends Clearwire holders vote 'FOR' proposed transaction with Sprint
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10:01 EDTAPOLHouse GOP proposes reform of student loan interest rates, The Hill says
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09:23 EDTS, CLWRSprint says ISS recommends Clearwire shareholders vote in favor of merger
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07:09 EDTDISH, SDish gets Jefferies Group financing in Sprint bid, Bloomberg reports
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07:08 EDTSESPN considers subsidizing wireless data plans, WSJ reports
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06:47 EDTHADelta says airlines have new priorities, NY Times reports
Delta Air Lines' bright, spacious new terminal at New York's Kennedy Airport reflects airlines' new emphasis on better amenities and service, Delta stated, according to the New York Times. The airlines, whose finances have improved, are no longer competing primarily based on price, the newspaper stated. Reference Link
06:10 EDTS, DISHOn the Fly: Periodicals Wrap-Up
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May 9, 2013
18:12 EDTS, CLWRSoftbank 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 EDTS, CLWRSoftbank CEO says Sprint wouldn't allow Clearwire bankruptcy filing, DJ reports
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14:06 EDTS, CLWRCrest Financial issues statement urging Clearwire holders vote against merger
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12:57 EDTDISHErgen says DISH could sell non-core assets if needs to decrease debt leverage
12:54 EDTDISH, SDISH Chairman says sale of spectrum or whole company options if Sprint bid fails
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12:44 EDTDISH, SDISH's Ergen: If Sprint bid unsuccesful, could sell spectrum or whole company
Comment made on Q1 earnings conference call.
11:54 EDTAPOLStocks with call strike movement; GNW APOL
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10:55 EDTSTXSeagate falls after Chanos comments at Sohn Conference
The shares are down nearly 5% at time of writing, heading for the $40 level. At the current price of $40.29, next support is at $39.63, and then at $38.05. Resistance is at $41.23.
10:30 EDTDISHBill would pressure cable companies on a la carte channels, The Hill says
Republican Senator John McCain is writing a bill that would push cable TV and satellite companies to offer a la carte channel options to their customers, according to The Hill, which cited statements by the senator's office. McCain's bill would rpessure cable and satellite companies to enable consumers to choose which individual channels they want, the website explained. Reference Link
09:19 EDTSTXOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Tesla (TSLA), up 23.7%... Green Mountain (GMCR), up 14.5%... Groupon (GRPN), up 14.1%... Walter Investment (WAC), up 6.1%... News Corp. (NWSA), up 3.9%... ALSO HIGHER: Barnes & Noble (BKS), up 29.4% after TechCrunch says Microsoft (MSFT) may buy Nook Media assets for $1B... Oil States (OIS), up 4.2% after David Einhorn recommends shares at investor conference... MGM Resorts (MGM), up 1.2% following upgrade to Buy at Sterne Agee. DOWN AFTER EARNINGS: Rackspace (RAX), down 21.6%... Monster Beverage (MNST), down 9.8%... McDermott (MDR), down 8.3%... Activision Blizzard (ATVI), down 7.1%. ALSO LOWER: Seagate (STX), down 3.4%, and Western Digital (WDC), down 2.2% after negative mention of both by Jim Chanos at Sohn conference.
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