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Stock Market & Financial Investment News

News Breaks
February 7, 2013
08:48 EDTSSprint sees 2013 to be 'a major investment year'
Reports Q4 capital expenditures just over $1.9B, including about $1.3B of network vision capital. Says in the first two quarters of 2013 expects total capital expenditures to be at a "similar to slightly higher levels" compared to Q4. Says has started discussions with its banks to amend and extend the credit facility including for the Softbank transaction and expects the process to be completed in upcoming Q2. Says continues to expect free cash flow to be negative for the next several quarters. Free cash flow for Q4 was negative $1.3B, noting sequential decrease impacted by seasonally higher selling quarter and continued ramp of network vision project.
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March 2, 2015
13:05 EDTSGoogle confirms intent to launch U.S. wireless service, WSJ says
Speaking at an industry conference in Barcelona, Sundar Pichai, who oversees Google’s (GOOG) mobile operating system Android, said the search giant will launch a small scale U.S. wireless service with details to be unveiled in the months ahead, says the Wall Street Journal. Other companies in the space include Verizon (VZ), AT&T (T), Sprint (S) and T-Mobile (TMUS). Reference Link
March 1, 2015
17:44 EDTSSprint, Best Buy announce 'Best Buy One Plan'
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February 27, 2015
14:03 EDTSSprint CEO share purchase shows high commitment, says Wells Fargo
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13:08 EDTSSprint CEO discloses 5.08M share purchase
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February 24, 2015
06:35 EDTSSprint downgraded to Sell from Neutral at BTIG
February 19, 2015
10:57 EDTSSprint commences $1B senior notes offering
Sprint announced that it has commenced an underwritten public offering of $1B aggregate principal amount of notes. Sprint intends to use the net proceeds for "general corporate purposes, which may include, among other things, working capital requirements, retirement or service requirements of outstanding debt and network expansion and modernization." The joint book-running managers for the offering are Citigroup, Goldman Sachs, .J.P. Morgan Securities, Merrill Lynch, Barclays, Credit Agricole, Credit Suisse, Deutsche Bank, Mitsubishi UFJ, Mizuho, RBC Capital, Scotia Capital and SMBC Nikko Securities.
10:52 EDTSSprint files automatic mixed securities shelf
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