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Stock Market & Financial Investment News

News Breaks
August 6, 2014
06:03 EDTS, SFTBFSprint could name Marcelo Claure as new CEO, Reuters reports
Sprint could name Marcelo Claure, founder of Brightstar Corp, as its new CEO, replacing Dan Hesse, a source tells Reuters. Hesse has been CEO of Sprint since 2007. Reference Link
News For S;SFTBF From The Last 14 Days
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April 1, 2015
06:28 EDTSFTBFSoftbank may give Alibaba edge over Tencent in merged taxi company, WSJ says
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06:02 EDTSStandard General wins RadioShack bid, Reuters says
A Delaware bankruptcy judge has approved Standard General's bankruptcy bid for RadioShack's (RSHCQ) assets, Reuters reported yesterday, citing court proceedings. Standard plans to keep most of the company's roughly 1,740 stores open in partnership with Sprint (S), which will occupy roughly one-third of each location. Reference Link
March 31, 2015
08:50 EDTS, SFTBFSprint, Softbank to partner with Tidal music streaming service, TechCrunch says
Jay Z's Tidal music streaming service is partnering with Sprint (S) and Sprint-owner Softbank (SFTBF), reports TechCrunch, citing statements by Vania Schlogel, an executive at Tidal's parent company Aspiro. TechCrunch notes that during a recent launch event, singer Alicia Keys emphasized that the service looks to offer "exclusive experiences" between artists and consumers. Reference Link
March 26, 2015
09:02 EDTSSamsung Galaxy S6, S6 edge to be available in U.S. beginning April 10
Samsung Electronics America (SSNLF) announced the Galaxy S 6 and Galaxy S 6 edge will be available in the U.S. beginning April 10, with pre-orders starting March 27. In the U.S., the Galaxy S 6 and Galaxy S 6 edge will be available in Black Sapphire, White Pearl and Gold Platinum -- in 32GB, 64GB and 128GB2 memory options. AT&T (T), Sprint (S), T-Mobile (TMUS), U.S. Cellular (USM) and Verizon Wireless (VZ) will carry both the Galaxy S 6 and Galaxy S 6 edge, while Boost Mobile, Cricket Wireless and MetroPCS will carry the Galaxy S 6. Samsung Experience Shops at Best Buy (BBY), as well as Amazon.com (AMZN), Costco Wholesale (COST), Sam’s Club (WMT), Target (TGT) and Walmart will also carry the Galaxy S 6 and Galaxy S 6 edge. Carriers and retailers will confirm specific pricing and availability.
March 24, 2015
08:52 EDTSSprint CEO may make 'unfortunate misstep,' says FBR Capital
FBR Capital says its vendor checks indicate new Sprint CEO Marcello Claure has undertaken a strategic review of the company's competitive positioning. The firm believes Truco, the strategic advisory group brought in by Claure, is advocating a "premature network rip and replace program." FBR says this approach of converting Sprint's 1.9GHZ spectrum to uplink would be an "unfortunate misstep and a missed opportunity to embrace the technology shift underway." The firm sees risk of Sprint under-investing and weakening its franchise value further. It has a Market Perform rating on the name.
March 23, 2015
07:13 EDTSRadioShack bankruptcy auction to begin Monday, WSJ says
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March 18, 2015
13:59 EDTST-Mobile announces 'Un-contract,' 'Carrier Freedom' initiatives
Today, during an event held to announce Un-carrier 9.0 − Un-carrier for Business − T-Mobile (TMUS) unveiled two new major Un-carrier initiatives for consumers. First, with T-Mobile’s new "Un-contract," customers will now have more certainty in their wireless pricing than ever before. Consumers and businesses with the Simple Choice rate plan will find that rates won’t go up as long as they’re a T-Mobile customer and keep their plan − and even customers with unlimited 4G LTE will lock in their rates for a minimum of two years. The Un-carrier also launched "Carrier Freedom," a new move where T-Mobile will now cover all outstanding phone and tablet payments up to $650 per line when customers from AT&T (T), Verizon (VZ) or Sprint (S) switch to T-Mobile.

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