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Stock Market & Financial Investment News

News For DISH;T;VZ;VOD From The Last 14 Days
Check below for free stories on DISH;T;VZ;VOD the last two weeks.
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June 18, 2013
18:36 EDTDISHDISH issues update on Sprint proposal
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15:04 EDTVODVodafone raises offer for Kabel Deutschland to enter talks, Bloomberg says
13:51 EDTTBlackBerry's Q10 to be available at AT&T June 21, Cnet says
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11:30 EDTDISHDISH issues statement on Sprint complaint
DISH Network (DISH) issued the following statement in response to Sprint Nextel's (S) June 17 allegations against DISH and Clearwire (CLWR): “Sprint’s lawsuit is a transparent attempt to divert attention from its failure to deal fairly with Clearwire’s shareholders, as well as to exploit its majority position to block Clearwire’s shareholders from receiving a fair price for their shares. DISH is confident that its superior offer, which has been unanimously recommended by the Clearwire Board, including the majority appointed by Sprint, will be upheld and Clearwire shareholders will be free to realize the 29 percent premium represented by the DISH offer.”
07:42 EDTTO'Reilly Media to hold a conference
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07:28 EDTVODVodafone cuts data rates by 80% in parts of India, Economic Times reports
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07:12 EDTVODLiberty Global enters talks with Kabel Deutschland, WSJ reports
German cable operator Kabel Deutschland confirmed it received a proposal to be acquired by Liberty Global (LBTYA), potentially creating a bidding war with Vodafone (VOD), reports the Wall Street Journal.Reference Link
06:14 EDTVZVerizon eyes Canada's Wind Mobile, Bloomberg reports
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06:01 EDTVODOn the Fly: Periodicals Wrap-Up
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June 17, 2013
19:19 EDTDISHSprint files suit against DISH, Clearwire over tender offer
Sprint (S) announced that it has filed a complaint in the Delaware Court of Chancery against DISH Network (DISH) and Clearwire (CLWR) asking the court to prevent the consummation of the DISH tender offer for Clearwire. Sprint believes the transaction violates Delaware law and the rights of both Sprint and Clearwire’s other strategic investors under Clearwire’s charter and under the equity hHolders agreement. In addition to seeking to enjoin the tender offer, Sprint’s lawsuit seeks to rescind certain parts of the tender offer agreement and seeks declaratory, injunctive, compensatory and other relief.
17:31 EDTDISHDISH says HSR waiting period for Clearwire tender offer expires
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14:43 EDTVODLiberty Global competing with Vodafone for Kabel Deutschland, FT says
Liberty Global (LBTYA) is bidding against Vodafone (VOD) for Kabel Deutschland and has tabled a potential offer that values the cable operator at about EUR7.5B, according to Financial Times, citing people familiar with the talks. Reference Link
11:18 EDTVZ, TSamsung phone to transmit data at much faster speed, Reuters reports
Samsung intends to sell a version of its Galaxy S 4 smartphone that will transmit data at almost twice the speed of devices that use conventional LTE, the company's co-CEO said, according to Reuters. The company is in talks with a number of carriers about selling the new phone, the executive told Reuters. Reference Link
11:10 EDTTSierra Wireless is likely beneficiary General Motors vehicle connectivity, says Avondale
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09:55 EDTVZ, T, VODVerizon considering move into Canada, Globe and Mail says
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07:13 EDTTTelefonica denies it received $93B offer from AT&T, Reuters reports
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06:14 EDTTOn the Fly: Periodicals Wrap-Up
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June 14, 2013
12:00 EDTVODVodafone may raise bid for Kabel Deutschland, Reuters reports
British mobile carrier Vodafone (VOD) is thinking of increasing its bid for Germany's Kabel Deutschland, according to Reuters, which cit6ed an unnamed source. Vodafone may increase its bid as soon as next week, the news service quoted the source as saying. Kabel, Germany's largest cable operator, rejected Vodafone's first bid, the news service indicated. Reference Link
08:58 EDTVODBofA/Merrill's media and telecom analysts hold a conference call
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07:21 EDTTClinton Global Initiative to host to host a meeting
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07:15 EDTVZ, VOD, TNSA data not collected directly from Verizon Wireless, T-Mobile, WSJ says
Because of their foreign ownership ties, Verizon Wireless (VZ, VOD) and T-Mobile USA (TMUS, DTEGY) do not have data on their calls collected directly by the National Security Agency, according to The Wall Street Journal, citing people familiar with the matter. The Journal's sources said the other two nationwide carriers, AT&T (T) and Sprint (S), have long cooperated with the government and officials believe they can still capture information on 99% of U.S. phone traffic because nearly all calls eventually travel over the networks owned by other cooperating companies. Reference Link
06:06 EDTDISHDish's broken pledge complaint called 'nonsensical,' Bloomberg reports
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June 13, 2013
09:30 EDTTClinton Global Initiative to host to host a meeting
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07:33 EDTVODA Vodafone bid for Kabel Deutscland might run into Liberty Global, Reuters says
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06:40 EDTDISHCable companies looking to derail Intel broadcast bid, NY Times says
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June 12, 2013
19:09 EDTDISHOn The Fly: After Hours Movers
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19:06 EDTDISHSprint says evaluating statement from Clearwire board
Sprint (S) issued the following statement in response to Clearwire (CLWR) board of directors’ recommendation of the DISH (DISH) tender offer: “Sprint is evaluating today’s statement from Clearwire’s board and will review any corresponding filings before determining its next steps. Sprint continues to have every intention of enforcing its governance rights. All commercial agreements, including network and customer agreements, will be honored and enforced as it regards our ongoing relationship with Clearwire.”
17:41 EDTDISHClearwire committee, board recommend holders accept DISH's $4.40 p/s offer
Clearwire (CLWR) announced that its board of directors, based on the unanimous recommendation of the Special Committee consisting of independent, non-Sprint (S)-affiliated directors, has unanimously recommended that stockholders accept and tender into DISH Network's (DISH) cash tender offer to acquire all outstanding common shares of Clearwire at the previously announced price of $4.40 per share. The DISH tender offer has been amended and now is currently set to expire at 12:00 midnight, Eastern time, at the end of July 2, unless extended or terminated in accordance with the terms and conditions of the offer. The company's board of directors, also based on the unanimous recommendation of the Special Committee, also unanimously recommended that stockholders now vote against the $3.40 per share Sprint merger and related matters. The DISH tender offer is subject to various conditions, including the tender of more than 25% of the fully diluted voting stock in Clearwire and the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.
17:16 EDTDISHDISH extends tender offer for Clearwire
DISH Network (DISH) announced that it has extended the expiration of the previously announced tender offer to acquire all of the outstanding shares of class A common stock of Clearwire (CLWR) for $4.40 per share until the end of the day on July 2. The offer was previously scheduled to expire at the end of the day on June 28.
16:20 EDTVODOn The Fly: Closing Wrap
Stocks on Wall Street were lower despite opening sharply higher as the market looked to avoid its first three day losing streak of the year. Downside momentum quickly took hold however, and the averages moved steadily lower through the session, moving to their lows in the final hour of trading but finishing just off those levels. ECONOMIC EVENTS: In the U.S., the MBA's purchase applications composite index rose 5.0% for the week. The U.S. posted a $139B May budget deficit against expectations for a $130B deficit, and compared to a $124.6B deficit a year ago. In Europe, factory production in the 17-nation euro area rose 0.4% in April from March, compared to expectations for it to remain unchanged. COMPANY NEWS: Cooper Tire (CTB) agreed to be acquired by India's Apollo Tyres for $35.00 per share in cash, or $2.5B. Cooper shares surged $10.10, or 41.12%, to $34.66 to trade near $34.50 following the deal announcement, while peer Goodyear Tire (GT) advanced about 33c, or 2.26%, to $14.93... Live Nation (LYV) shares gained $2.33, or 16.84%, to $16.17 after the company announced it prevailed in an arbitration ruling related to a ticketing license software agreement... MAJOR MOVERS: Among the notable gainers was Ulta Salon (ULTA), up $12.51, or 14.87%, to $96.64 following its quarterly earnings report. Also higher was Health Management (HMA), up $1.58, or 11.34%, to $15.51 after Glenview Capital said in a filing it is seeking to repeal a provision that prevents entities from holding more than 15% of the company's stock and saying it would look to nominate candidates to the company's board. Among noteworthy losers was Biogen (BIIB), down $16.48, or 7.39%, to $206.55 after the stock was downgraded to Neutral from Buy at Citigroup, which cited concerns that EU medical regulators are unlikely to approve the company's multiple sclerosis treatment. Also lower were U.S.-listed shares of Vodafone (VOD), down 71c, or 2.47%, to $28.12 after the company confirmed it approached Kabel Deutschland about a possible deal. INDICES: The Dow was down 126.79, or 0.84%, to 14,995.23; the S&P 500 was down 13.61, or 0.84%, to 1,612.52; the Nasdaq was down 36.52, or 1.06%, to 3,400.43.
12:27 EDTVODOn The Fly: Midday Wrap
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07:42 EDTTThe Brookings Institution to host a discussion on promoting mobile technology
Randall Stephenson, Chairman and CEO of ATT, joins Sen. Mark Pryor (D-AR) in a panel discussion on ways the government and private industry can work together to accelerate the mobile tech revolution at Brookings in Washington, D.C. on June 12 at 10 am. Webcast Link
07:30 EDTDISHISS backs Softbank's raised offer for Sprint, Reuters says
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07:28 EDTVODVodafone confirms approach to Kabel about possible deal
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June 11, 2013
17:19 EDTDISHSprint gives DISH June 18 deadline for 'best and final' offer
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16:56 EDTVODVodafone said to approach Kabel Deutschland about possible bid, Bloomberg says
16:21 EDTDISHOn The Fly: Closing Wrap
Stocks on Wall Street were lower after the Bank of Japan's decision to hold off on any further stimulus measures raised investor concern. The averages recovered much of their early losses in the morning, sitting just below the flat line near noon, but the selling intensified during the second half of the session, with the market trending lower into the close. ECONOMIC EVENTS: In the U.S., NFIB's small business optimism index rose to 94.4 in May from a prior 92.1 reading. Wholesale inventories rose 0.2% in April, matching expectations, and wholesale trade rose 0.5% from the prior month, versus expectations for a 0.1% slide. The Job Openings & Labor Turnover report for April showed openings fell 3% to a seasonally adjusted 3.75M, while hiring jumped nearly 5% to 4.4M. In Asia, the Bank of Japan refrained from changing its policies following recent volatility in its stock and bond markets. The dollar weakened considerably against the Yen, losing more than 2% to trade near the Y96 level. COMPANY NEWS: Sprint (S) shares jumped 17c, or 2.37%, to $7.35 after Japan's Softbank (SFTBF) increased its offer to acquire the telecom company in the face of a potential rival bid from DISH Network (DISH). MAJOR MOVERS: Among notable gainers was Questcor (QCOR), up $5.47, or 14.9%, to $42.18 after the company acquired the right to develop Synacthen from Novartis (NVS). Also higher was Catamaran (CTRX), up $5.33, or 10.95%, to $53.99 after the company struck a ten-year strategic pharmacy benefits agreement with Cigna (CI) and its stock received upgrades from at least three firms. Among noteworthy losers was lululemon (LULU), down $14.43, or 17.54%, to $67.85 after its CEO announced plans to step down and the stock was downgraded at Sterne Agee and UBS. Also lower was GenMark Diagnostics (GNMK) which lost $1.96, or 12.95%, to $13.17, after Natural Molecular Testing launched a cardiac testing panel using technology from GenMark's competitor Luminex (LMNX). INDICES: The Dow was down 116.57, or 0.76%, to 15,122.02; the Nasdaq was down 36.82, or 1.06%, to 3,436.95; and the S&P 500 was down 16.68, or 1.02%, to 1,626.13.
16:00 EDTVODOptions Update; June 11, 2013
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15:14 EDTDISHClearwire holder Crest calls for board to open 'competitive bidding process'
Crest Financial Limited, the largest of the independent minority stockholders of Clearwire Corporation (CLWR), made public a letter to Clearwire's Board of Directors reiterating its view that DISH Network's (DISH) tender offer for all outstanding shares of Clearwire for $4.40 per share "is both actionable and superior in every way to Sprint Nextel Corporation's current offer of $3.40 per share." Crest noted that SoftBank's (SFTBF) increased bid for Sprint (S) confirms that SoftBank's desire for Clearwire's spectrum "has only increased." Crest urged the Clearwire Board to pursue a "direct, competitive bidding process for the Company." In order to pursue that process, Crest demanded that the Clearwire Board "reconstitute the Special Committee with truly independent directors, fully consider DISH's tender offer to the stockholders of Clearwire, and free the company from Sprint's grip by terminating the merger agreement following stockholders' rejection of the Sprint-Clearwire merger on Thursday."
12:53 EDTDISHDISH, Sprint talks stumble on breakup fee, Bloomberg says
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12:48 EDTDISHSprint, DISH talks falter on disagreement over break-up fee, Bloomberg says
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12:32 EDTDISHOn The Fly: Midday Wrap
Stocks on Wall Street were lower at midday but well off their lows after the Bank of Japan held off from implementing any additional stimulus measures. The U.S. market followed Japan's benchmark stock index lower at the open, though the averages climbed back fairly steadily during the morning and stood near session highs just a bit below the flat line near noon. ECONOMIC EVENTS: In the U.S., NFIB's small business optimism index rose to 94.4 in May from a prior 92.1 reading. Wholesale inventories rose 0.2% in April, matching expectations, and wholesale trade rose 0.5% from the prior month, versus expectations for a 0.1% slide. The Job Openings & Labor Turnover report for April showed openings fell 3% to a seasonally adjusted 3.75M, while hiring jumped nearly 5% to 4.4M. In Asia, the Bank of Japan refrained from changing its policies following recent volatility in its stock and bond markets. The benchmark Nikkei fell about 1.5% as the decision disappointed investors who may have expected some action. COMPANY NEWS: Sprint (S) shares rose over 2% after Japan's Softbank (SFTBF) increased its offer to acquire the telecom company in the face of a potential rival bid from DISH Network (DISH). MAJOR MOVERS: Among the notable gainers was Catamaran (CTRX), which was upgraded by at least three Street firms and rose 11% after announcing a ten-year strategic pharmacy benefits deal with Cigna (CI). Also higher were shares of Questcor (QCOR), which jumped 19% after buying the rights to develop Synacthen from Novartis (NVS). Among the noteworthy losers was GenMark Diagnostics (GNMK), which fell 24% after Natural Molecular Testing launched a cardiac testing panel using technology from GenMark's competitor Luminex (LMNX). Also lower were shares of yoga apparel maker lululemon (LULU), which fell 17% after its CEO announced plans to step down and the stock was downgraded at Sterne Agee and UBS. INDICES: Near noon, the Dow was down 6.68, or 0.04%, to 15,231.91; the Nasdaq was down 11.21, or 0.32%, to 3,462.56; and the S&P 500 was down 4.89, or 0.30%, to 1,637.92.
08:16 EDTDISHSprint likely to accept new Softbank offer, says Oppenheimer
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05:21 EDTDISHDISH statement in response to Sprint, Softbank announcement
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June 10, 2013
21:00 EDTDISHSprint says DISH proposal not likely to lead to superior offer
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12:54 EDTDISHDISH issues statement on Sprint proposal
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11:43 EDTVODOptions with decreasing implied volatility: CIEN ZQK ANN SUPN VOD
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11:09 EDTTAT&T shares rise following upgrade, levels to watch
Shares are up over 1.4% to $35.96 following an upgrade earlier this morning at Argus to Buy, with a $42 price target. The firm cited relative valuation and long-term growth of 5% as reasons for the recommendation change. At current price, next resistance is at $36.54, and then at $37.70. Support is at $35.66, the 10-day moving average.
10:04 EDTTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Alexandria Real Estate (ARE) upgraded to Buy from Neutral at ISI Group... BB&T (BBT) upgraded to Overweight from Equal Weight at Evercore... CyrusOne (CONE) upgraded to Strong Buy from Outperform at Raymond James... EQT Corporation (EQT) upgraded to Buy from Hold at Brean Capital... Edwards Lifesciences (EW) upgraded to Outperform from Neutral at Credit Suisse... Enersis (ENI) upgraded to Buy from Neutral at Citigroup... Entergy (ETR) upgraded to Buy from Hold at Deutsche Bank... Monsanto (MON) upgraded to Outperform from Neutral at Macquarie... Regency Centers (REG) upgraded to Buy from Neutral at ISI Group... Silver Standard (SSRI) upgraded to Hold from Sell at Deutsche Bank... Standard Pacific (SPF) upgraded to Neutral from Underweight at JPMorgan... Stericycle (SRCL) upgraded to Buy from Hold at Wunderlich... WABCO (WBC) upgraded to Buy from Neutral at Goldman... Western Union (WU) upgraded to Outperform from Market Perform at Raymond James... Weyerhaeuser (WY) upgraded to Outperform from Sector Perform at RBC Capital... Washington Trust Bancorp (WASH) upgraded to Buy from Hold at Sandler O'Neill... EastGroup Properties (EGP) upgraded to Buy from Hold at Sandler O'Neill... Valeant (VRX) upgraded to Buy from Fair Value at CRT Capital... RF Micro Devices (RFMD) upgraded to Strong Buy from Buy at Charter Equity... Bank of the Ozarks (OZRK) upgraded to Outperform from Market Perform at Raymond James... United Community Banks (UCBI) upgraded to Outperform at Raymond James... Western Union (WU) upgraded at Raymond James... CyrusOne (CONE) upgraded to at Raymond James... AT&T (T) upgraded to Buy from Hold at Argus... IMAX (IMAX) upgraded to Buy from Neutral at B. Riley... TriMas (TRS) upgraded to Outperform from Market Perform at Barrington.
07:30 EDTTAT&T upgraded to Buy from Hold at Argus
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June 8, 2013
15:49 EDTT, VZAT&T sacrifices profit margin for a half million more customers, WSJ says
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June 7, 2013
15:33 EDTDISHSoftbank eying Deutsche Telekom stake in T-Mobile, Reuters reports
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14:08 EDTDISHSprint in talks with DISH, says Softbank deal to be consummated in July
Sprint (S) and Softbank (SFTBF) are parties to the previously disclosed agreement and plan of merger, dated as of October 15, 2012. Consummation of the Sprint-Softbank merger remains subject to various conditions to closing, including receipt of approval of the FCC and adoption of the merger agreement by Sprint's stockholders. Sprint and Softbank anticipate the merger will be consummated in July, subject to the remaining closing conditions and the effect of the actions of the special committee of Sprint's board of directors, which is currently in discussions and negotiations with DISH Network (DISH) regarding the unsolicited proposal received from DISH in April or other developments with respect to such proposal. Sprint’s board of directors recommends its stockholders vote in favor of the transaction with Softbank.
11:59 EDTVODOptions with decreasing implied volatility: FRAN ANN CIEN VOD
June 6, 2013
18:03 EDTTAT&T, IBM announce eCommerce agreement
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17:34 EDTTAT&T gives Q2 update, sees Q2 wireless net adds of ~500K
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12:13 EDTVODOptions with decreasing implied volatility:CIEN SPLK KKD CPRT VOD
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10:35 EDTVZVerizon management to meet with Oppenheimer
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10:02 EDTVZRedbox Instant by Verizon to launch on Roku this summer
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08:08 EDTVZVerizon phone record collection defended by White House, Reuters says
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06:39 EDTTAT&T in discussions to join Chernin Group for Hulu bid, AllThingsD reports
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05:50 EDTVZU.S. tracking U.S. Verizon customers' records, the Guardian reports
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June 5, 2013
18:00 EDTTAT&T says iPhone 4, iPad 2 both remain available
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13:54 EDTVODOptions with decreasing implied volatility: SPLK PANW OVTI VOD AVGO
05:55 EDTDISHGlass, Lewis to Sprint investors: Abstain on Softbank vote, WSJ reports
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June 4, 2013
17:53 EDTDISHSprint considers delaying shareholder vote on Softbank, Bloomberg says
Sprint (S) is considering delaying a June 12 shareholder vote related to Softbank's (SFTBF) offer to acquire the company for $20.1B in order to firm up DISH Network's (DISH) $25.5B counterbid for the company, reports Bloomberg, citing two people familiar with the matter. Reference Link
17:42 EDTTITC: Apple violates Samsung patent, to face limited import ban, TechCrunch says
According to an ITC ruling, Apple (AAPL) has violated a Samsung (SSNLF) patent and will face a limited import ban on select products, TechCrunch reports. Reference Link
15:58 EDTDISHDISH refutes Sprint claims regarding Clearwire tender offer
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14:59 EDTDISHSprint may delay vote, give DISH time for firmer counterbid, Bloomberg says
Sprint (S), seeking a binding takeover offer from DISH Network (DISH) instead of the preliminary bid made in April, may delay a shareholder vote on SoftBank’s (SFTBF) offer that was planned for June 12, according to Bloomberg, citing two people familiar with the matter. Reference Link
14:00 EDTDISHSprint may seek more binding offer from DISH, Bloomberg says
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13:04 EDTVODOptions with increasing implied volatility:VOD CME AMLP LINE EWZ
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11:43 EDTVZRedbox Instant by Verizon now available on Google TV
Google TV users can now use the Redbox Instant by Verizon app through a supported Google TV device, Google (GOOG) announced in a blog post. Redbox Instant by Verizon is a joint venture of Coinstar (CSTR) and Verizon (VZ). Reference Link
11:12 EDTTAT&T management to meet with Oppenheimer
Meeting to be held in Europe on June 10 hosted by Oppenheimer.
10:45 EDTVODIndia to move forward with Vodafone over tax settlement, Reuters says
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10:10 EDTVZ, VODVerizon Wireless to stream NFL games on phones, WSJ says
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07:43 EDTVODBofA/Merrill to host a conference
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07:42 EDTVZNY State Office of Information Tech Services hosts a conference
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07:27 EDTVZSixDegrees to host a conference
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07:02 EDTDISHDISH announces expiration of HSR waiting period for proposed Sprint merger
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06:42 EDTT, VZGovernment wants Sprint, T-Mobile to get prime spectrum, NY Times says
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06:13 EDTDISHFox Broadcasting to seek to halt Dish’s AutoHop service, Bloomberg reports
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05:54 EDTT, VODEurope trails in race for 4G, WSJ reports
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