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Stock Market & Financial Investment News

News Breaks
August 6, 2014
08:31 EDTSFTBF, SSprint names Marcelo Claure as president and CEO
Sprint Corporation (S) announced that its Board of Directors named Marcelo Claure as the company’s next President and CEO, effective August 11. Claure, 43, joined the Sprint Board of Directors in January and is the Founder and CEO of Brightstar Corp., a subsidiary of SoftBank Corp (SFTBF). As President and CEO, Claure’s first priority will be to continue the build out of Sprint’s network by leveraging its strong spectrum holdings as well as ensuring that Sprint always maintains truly competitive offers in the marketplace. Claure will resign his position at Brightstar effective August 11 and SoftBank announced it would acquire Claure’s remaining interest in the Company. Claure succeeds Dan Hesse, who joined Sprint as President and CEO in December 2007 and led the company through a series of acquisitions, including the merger with SoftBank, and a multi-year overhaul of its nationwide network, including the shutdown of the Nextel network.
News For S;SFTBF From The Last 14 Days
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May 21, 2015
06:26 EDTSFTBFYahoo Japan selects SoftBank President Arora as new chairman, Reuters says
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May 20, 2015
18:51 EDTSSprint names Kevin Crull as Chief Marketing Officer
Kevin Crull will join Sprint as chief marketing officer effective May 31. Crull will report to President and CEO Marcelo Claure. Crull brings to Sprint 30 years of experience leading sales, marketing and operations teams. Most recently, Crull served nearly five years as COO and then president of Bell Media, Canada’s largest media and broadcasting company.
17:46 EDTSStandard General wins RadioShack brand, forced to destroy some customer data
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May 19, 2015
09:53 EDTSSprint expects Voice to be 'still important' as Data demands continues to grow
Expects that half of its plans will be financed while a third plus will be through leasing. The company says it has its eye on how those numbers change going forward. Cites successful financing through securitization and vendor financing. The company says it "feels good" about taking expenses and reinvesting on a smaller base for overall operation. Says the company is still working on getting its churn down. Comments made by CFO Joe Euteneuer at the JPMorgan Global Technology, Media and Telecom Conference.
07:36 EDTSAutomakers to start V2V car rollouts with spectrum at a premium, WSJ says
General Motors' (GM) upcoming Cadillac CTS is the only car firmly scheduled to launch in the U.S. with vehicle-to-vehicle communications, or V2V, but the industry has promised that V2V will revolutionize safety and Cisco (CSCO) joined automakers earlier this month to brief the FCC on plans to test airwave sharing soon, said The Wall Street Journal. However, cable and telecom companies are pressuring carmakers to give up a part of the airwaves marked for V2V to be available for broader use, the report added. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Toyota (TM) and Volkswagen (VLKAY), while cable and telecom companies include Verizon (VZ), AT&T (T), Sprint (S), T-Mobile (TMUS), Comcast (CMCSA), Time Warner Cable (TWC) and Charter (CHTR). Reference Link
May 18, 2015
09:07 EDTSSprint extends availability of Direct 2 You service to Kansas City, Miami
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May 15, 2015
17:15 EDTSPaulson & Co. gives quarterly update on stakes
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May 14, 2015
10:31 EDTST-Mobile says porting ratio vs. Sprint is approaching 3.0
In regards to LTE competition and sustainability, T-Mobile said it is in a leadership position where it really matters. Backs operating free cash flow and EBITDA guidance. Reports 11M MetroPCS subscribers. Comments taken from MoffettNathanson Media & Communications Summit.
06:06 EDTSDISH plans to enter wireless business, Yahoo reports
DISH (DISH) plans to enter the wireless business in an attempt to become the only provider to offer wireless voice, video and data services, Adam Samson of Yahoo Finance reports, citing an internal document. The document, marked confidential, obtained by Yahoo indicates Dish is looking to hire a chief marketing officer to help guide its move into the wireless space, Samson adds. The move comes after DISH acquired nearly half of the spectrum licenses offered in a U.S. government auction. The top U.S. wireless providers are Verizon (VZ), AT&T (T), T-Mobile (TMUS) and Sprint (S). Reference Link
May 13, 2015
15:27 EDTSStandard General acquires rights to RadioShack brand, data, WSJ says
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06:55 EDTSFTBFInsiders speculate bidding war to erupt over AOL, Business Insider reports
The consensus speculation from investment bankers, hedge fund traders and people close to AOL (AOL) is that another company will emerge and offer a price for AOL that is higher than $50 per share, reports Business Insider. The potential suitors include Time Warner (TWX), Comcast (CMCSA), Yahoo (YHOO), Alibaba (BABA), Softbank (SFTBF), AT&T (T), Netflix (NFLX) and Apple (AAPL). Reference Link
May 12, 2015
12:02 EDTSVerizon, Sprint settle illegal billing investigations for $158M
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