Stock Market & Financial Investment News

News Breaks October 15, 2012 07:10 EDT OSG, CLWR Stocks with implied volatility movement; OSG CLWR Stocks with implied volatility movement; Overseas Shipholding (OSG), Clearwire (CLWR) according to iVolatility. News For OSG;CLWR From The Last 14 Days Check below for free stories on OSG;CLWR the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. June 18, 2013 18:36 EDT CLWR DISH issues update on Sprint proposal Subscribe for More Information 11:30 EDT CLWR DISH 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.” June 17, 2013 19:19 EDT CLWR Sprint 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 EDT CLWR DISH says HSR waiting period for Clearwire tender offer expires Subscribe for More Information 05:49 EDT CLWR Stocks with implied volatility movement; MYGN CLWR Stocks with implied volatility movement; Myriad Genetics (MYGN), Clearwire (CLWR) according to IVolatility. June 14, 2013 07:13 EDT CLWR ISS wants Clearwire shareholders to reject Sprint deal, Reuters reports Subscribe for More Information 06:08 EDT CLWR On the Fly: Periodicals Wrap-Up WALL STREET JOURNAL: The strong Q1 corporate profits may not be as good as they look, according to an analysis by the Wall Street Journal that shows that the extension of a big tax credit quietly boosted the profits of dozens of companies...Many investors have lowered their expectations for future inflation, a shift that could get the attention of Fed officials as they consider the course of their bond-buying program at a policy meeting next week. The Fed has a 2% inflation goal and doesn't want consumer prices to veer too much above or below that number over time, the Wall Street Journal reports...REUTERS: Proxy advisory firm Institutional Shareholder Services urged Clearwire (CLWR) shareholders to vote against majority shareholder Sprint Nextel’s (S) $3.40 per share offer for Clearwire stock it does not already own, Reuters reports...U.S. investment firm Royalty Pharma said it expects the majority of takeover target Elan's (ELN) shareholders will reject the Irish firm's own proposed acquisition deals at a shareholder meeting on Monday, Reuters reports...BLOOMBERG: Boeing (BA), coming back from the 787 Dreamliner’s three-month grounding, is moving closer to a further production increase that would reward investors by freeing up billions of dollars for dividends and buybacks, Bloomberg reports...Fiat (FIATY) and Chrysler Group CEO Sergio Marchionne is closing in on refinancing deals for both automakers ahead of a plan to merge the two companies, sources say, Bloomberg reports. June 13, 2013 08:05 EDT CLWR Clearwire postpones special shareholder meeting Subscribe for More Information June 12, 2013 19:09 EDT CLWR On The Fly: After Hours Movers Subscribe for More Information 19:06 EDT CLWR Sprint 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 EDT CLWR Clearwire 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 EDT CLWR DISH 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. June 11, 2013 15:14 EDT CLWR Clearwire 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." 09:16 EDT CLWR On The Fly: Pre-market Movers HIGHER: Dole Food (DOLE), up 21.9% after CEO offers buyout at $12 per share... Questcor (QCOR), up 32% after buying rights to develop Synacthen and Synacthen Depot in the U.S. from Novartis (NVS), upgrade to Buy at CRT Capital... CardioNet (BEAT), up 44% after announcing a three-year national provider agreement with UnitedHealthcare Insurance (UNH)... Catamaran (CTRX), up 13.2% after announcing a ten-year strategic pharmacy benefits deal with Cigna (CI)... Sprint (S), up 2% after Softbank (SFTBF) increases buyout offer terms. Clearwire (CLWR) up 1.2%. LOWER: lululemon (LULU), down 14.9% after reporting earnings, CEO announces plans to step down, stock downgraded at Sterne Agee and UBS... Texas Instruments (TXN), down 2% after narrowing second quarter revenue, earnings forecast ranges... Corinthian Colleges (COCO), down 15.4% after disclosing the receipt of a subpoena from the SEC. Corinthian peer Career Education (CECO) 5.5%... Kinross Gold (KGC), down 5.5% after canceling development project in Ecuador, taking $720M charge, stock downgraded at Canaccord. DOWN AFTER EARNINGS: LDK Solar (LDK), down 8.5%. June 10, 2013 06:21 EDT CLWR Stocks with implied volatility movement; SLV CLWR Stocks with implied volatility movement; iShares Silver Trust (SLV), Clearwire (CLWR) according to IVolatility. June 4, 2013 15:58 EDT CLWR DISH refutes Sprint claims regarding Clearwire tender offer Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.