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Stock Market & Financial Investment News

News Breaks
February 15, 2013
13:38 EDTDISHDISH estimates lowered on Blockbuster U.K. bankruptcy at Wells Fargo
Wells Fargo slightly reduced its estimates on DISH after the company's Blockbuster U.K. subsidiary entered insolvency administration. The firm maintains an Outperform rating on the stock.
News For DISH From The Last 14 Days
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May 16, 2013
19:11 EDTDISHDish sends letter to FCC over SoftBank, Sprint deal, Reuters says
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May 14, 2013
08:31 EDTDISHDISH announces $2.5B debt offering, to be used to partially fund Sprint bid
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07:40 EDTDISHSenate Commerce Committee to hold a hearing
The Subcommittee on Communications, Technology and the Internet holds a hearing on the state of video with President & CEO Smith of the National Association of Broadcasters, President & CEO Powell of the National Cable and Telecom Association and Stanton Dodge, Executive Vice President for DISH Network (DISH) on May 14 at 10:30 am. Webcast Link
05:44 EDTDISHBanks work deals from both sides of the field, WSJ reports
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May 13, 2013
08:24 EDTDISHSoftbank pressuring potential Dish investment banks, FT reports
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May 11, 2013
13:39 EDTDISHSoftbank 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
07:09 EDTDISHDish gets Jefferies Group financing in Sprint bid, Bloomberg reports
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06:10 EDTDISHOn the Fly: Periodicals Wrap-Up
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May 9, 2013
12:57 EDTDISHErgen says DISH could sell non-core assets if needs to decrease debt leverage
12:54 EDTDISHDISH Chairman says sale of spectrum or whole company options if Sprint bid fails
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12:44 EDTDISHDISH's Ergen: If Sprint bid unsuccesful, could sell spectrum or whole company
Comment made on Q1 earnings conference call.
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
07:58 EDTDISHSoftbank says it will save Sprint $3B by 2017, Bloomberg reports
SoftBank (SFTBF) defended its takeover bid for Sprint Nextel (S) against a counteroffer by Dish Network (DISH), telling investors that its deal will bring about $3B in annual operating savings by 2017, reports Bloomberg. The merged companies will also be able to cut Sprint’s capital spending by 32% to 36%, SoftBank said. President Masayoshi Son presented the numbers to Sprint investors in a meeting in New York, sources said. Reference Link
06:02 EDTDISHDISH reports Q1 revenue $3.56B, consensus $3.61B
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May 8, 2013
06:06 EDTDISHSprint holds off on giving DISH access to books, NY Post reports
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May 7, 2013
07:10 EDTDISHSoftbank president to meet with Sprint's major shareholders, Reuters reports
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06:07 EDTDISHOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Some of the world's biggest handset makers and telecom carriers are embracing alternative mobile operating systems this year in an attempt to become credible challengers to smartphones run by Apple (AAPL) and Google (GOOG), the Wall Street Journal reports...JPMorgan Chase (JPM) has yet to persuade three of its largest shareholders--BlackRock (BLK), Vanguard Group and Fidelity Investments--to back the company in a coming vote over whether James Dimon should retain his dual role of chairman and CEO, the Wall Street Journal reports...REUTERS: SoftBank (SFTBF) President Masayoshi Son said he will go to the U.S. today to meet Sprint Nextel’s (S) major shareholders about the Japanese company's takeover bid, after rival bidder Dish Network (DISH) said a U.S. company would make a better suitor., Reuters reports...Microsoft (MSFT) has sold 100M Windows 8 licenses in the six months since launch, but wants to combat sputtering interest in its flagship software with a substantial update to make it easier to use, and compatible with smaller tablets, Reuters reports...BLOOMBERG: Rio Tinto (RIO) will likely pursue a $5B expansion of its iron ore output in Australia, CEO Sam Walsh said, according to two people present at a meeting with investors and analysts, Bloomberg reports...Saudi Arabia, home to the biggest Arab bourse, seeks to boost institutional investments in its $390B stock market as the top OPEC producer weighs plans to allow foreigners to buy shares directly, Bloomberg reports.
May 6, 2013
09:17 EDTDISHSprint says committee still evaluating DISH proposal
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07:43 EDTDISHDish rebuts Softbank CEO 'inaccurate' claim of superior Sprint bid, FT reports
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