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Stock Market & Financial Investment News

News Breaks
February 24, 2014
06:11 EDTDISHLightSquared says Dish's Ergen can agree to plan or risk $1B, Bloomberg reports
In Manhattan today, U.S. Bankruptcy Judge Shelley Chapman is scheduled to consider whether to approve LightSquared’s disclosure statement, which lays out the terms of the reorganization proposal, on which creditors can then vote, reports Bloomberg. LightSquared, run by Philip Falcone, has proposed a bankruptcy plan that would punish Dish Network Chairman Charles Ergen, a creditor and onetime bidder for the wireless company, if he doesn’t go along. A “no” vote from Ergen’s SP Special Opportunities LLP, which holds over $1B in LightSquared debt, would put his fund far behind other creditors in getting paid. Reference Link
News For DISH From The Last 14 Days
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July 16, 2014
10:01 EDTDISHNTELOS expansion of DISH program an incremental positive, says Wells Fargo
Wells Fargo views the expansion of NTELOS' (NTLS) fixed wireless broadband program with DISH (DISH) as an incremental positive for NTELOS and the firm believes the company's 2.5GHZ spectrum is an "important hidden asset." Wells thinks NTELOS will keep seeking "out of the box" partnerships in its service areas and keeps its Outperform rating on the stock.
09:58 EDTDISHNTELOS, DISH expand Internet service pact to Virginia
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07:43 EDTDISHSenate Commerce, Science & Transportation Committee holds a hearing
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