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Stock Market & Financial Investment News

News Breaks
January 16, 2013
13:35 EDTCLWR, DISH, SMount Kellett sends third letter to board of Clearwire
Mount Kellett Capital sent a letter to the Clearwire (CLWR) Board of Directors outlining issues related to, among other things, Clearwire's relationship with Sprint (S). "We have of course been carefully monitoring recent developments concerning Clearwire and its proposed acquisition by Sprint, including the company's announcement on that it had received an unsolicited proposal from DISH (DISH) to acquire Clearwire at a premium to the consideration offered by Sprint, to acquire certain of Clearwire's excess spectrum and to provide financing to Clearwire. The DISH proposal is further evidence of what has been clear to us for many weeks: The Special Committee, in breach of its fiduciary duties to the minority stockholders of Clearwire, utterly capitulated to Sprint's demand to sell the company at a grossly inadequate price; The Special Committee and the Board of Directors generally, in breach of their fiduciary duties and despite public assurances to the contrary, failed to conduct a vigorous process for the monetization of the company's excess spectrum. In light of these circumstances, it is incumbent on the Special Committee to take its time to thoroughly and thoughtfully evaluate the DISH proposal, including how to address certain obstacles to consummating the proposal asserted by Sprint and to negotiate for all possible improvements to the proposal."
News For CLWR;S;DISH From The Last 14 Days
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January 23, 2015
09:04 EDTSSprint guarantees T-Mobile customers $200 minimum trade in value for smartphones
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January 22, 2015
19:40 EDTSGoogle's entrance into telecommunications may not be beneficial, Re/code says
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January 21, 2015
16:28 EDTSGoogle to launch phone service with Sprint, T-Mobile, The Information says
Google (GOOG, GOOGL) is expected to reach deals to buy wholesale access to Sprint (S) and T-Mobile’s (TMUS) voice and data networks in order to sell mobile phone plans directly to customers, according to The Information, citing three people with knowledge of the plans. Google, which may put itself into competition with carrier leaders Verizon (VZ) and AT&T (T) with the new service, "seems likely" to launch the offering this year, according to the report. Reference Link
11:28 EDTDISHDISH found liable for 'tens of millions' of telemarketing violations by court
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January 20, 2015
19:27 EDTDISHDISH Slingbox, Hopper features upheld in copyright ruling
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06:24 EDTST-Mobile warns of unsustainable costs against cellphone giants, Re/code says
T-Mobile (TMUS) owner Deutsche Telekom (DTEGY) claims Verizon (VZ) and AT&T's (T) wealth makes true competition difficult, reports Re/code, citing statements made at Germany's DLD conference. Deutsche Telekom CEO Tim Hoettges stated the dominance of AT&T and Verizon allowed them to make huge bids at the latest midband spectrum auction to further their market lead. Hoettges also stated he was "intrigued" by last year's unsuccessful merger talks with Sprint (S), and warned that T-Mobile's $4B-$5B investment requirements per year are unsustainable. Reference Link
January 16, 2015
11:42 EDTSSprint announces expansion of Sprint Lease program
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10:12 EDTSSprint unit Virgin Mobile to offer no contract data sharing plans
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January 15, 2015
18:03 EDTDISHDISH, Fox News reach content carriage agreement
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15:33 EDTSRadioShack in talks for bankruptcy loan with lenders, Bloomberg says
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January 14, 2015
17:19 EDTDISHDISH being questioned by FCC over Sling online TV service, Re/code reports
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16:33 EDTDISHOn The Fly: Closing Wrap
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10:28 EDTDISHViacom carriage deal with DISH goes until 2016, Faber says
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06:28 EDTDISHViacom downgraded to Sell from Buy at Citigroup
Citigroup downgraded Viacom (VIAB) two notches to Sell from Buy and lowered its price target for shares to $62 from $88. Citi says its new price target assumes a 50% probability that DISH (DISH) drops Viacom's channels. The firm sees 30% share downside risk should such an event occur. Citi lists two potential M&A deals that could offset the downside risk: Viacom acquiring CBS (CBS), which it feels would be neutral for the stock, or another media firm acquiring Viacom, which it feels could drive 20% upside for Viacom shares. Citi assumes a 10% probability of Viacom getting bought out.

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