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Stock Market & Financial Investment News

News Breaks
May 23, 2013
19:45 EDTCLWR, SCrest reiterates opposition to Sprint-Clearwire merger
Crest Financial, the largest independent minority shareholder of Clearwire Corporation (CLWR) with approximately 8.25% of the Class A common stock of Clearwire, reiterated that it opposes the Sprint-Clearwire merger because it believes that Clearwire would be better off if it remained a stand-alone company. Sprint's (S) new offer of $3.40 in cash per share still significantly undervalues Clearwire - based on several measures -- and was devised by Sprint in a way that unfairly disadvantages minority stockholders, according to Crest. Crest noted that it has been joined in its opposition to the merger by a group of other large minority Clearwire stockholders led by Mount Kellett Capital Management LP who hold approximately 18.2% of the Class A common stock of Clearwire.
News For S;CLWR From The Last 14 Days
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November 18, 2014
06:27 EDTSSprint's Chief Marketing Officer to leave company, WSJ reports
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06:23 EDTSSprint names Douglas Michelman to management team, to replace Bill White
Sprint (S) announced the appointment of Douglas Michelman to Sprintís leadership team. Most recently, he spent 10 years as Chief Communications Officer at Visa (V), where he oversaw global media relations, public affairs, industry analyst relations and financial and communication strategies. Prior to Visa, Michelman served in various roles at FleishmanHillard, including regional president and senior partner. In addition to his many years of corporate experience, Michelmanís communications background also includes staff positions for two presidential campaigns. Michelman replaces Bill White, Senior Vice President of Corporate Communications and Corporate Social Responsibility, who will be leaving the company. White spent the past 32 years with Sprint. Michelman joins Sprint on Monday, Dec. 1, 2014, and will be relocating to Overland Park, Kansas.
November 14, 2014
12:53 EDTSOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
November 12, 2014
08:46 EDTSSprint in talks to buy FreedomPop, USA Today reports
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07:48 EDTSWells Fargo to hold a conference
5th Annual Technology, Media & Telecom Conference is being held in New York on November 12-13.
November 8, 2014
20:17 EDTSAT&T could be the best bet of telecom stocks, Barron's says
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