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Stock Market & Financial Investment News

News Breaks
May 16, 2014
14:31 EDTSSprint announces accounts receivables securitization agreement
Sprint announced that it and certain of its subsidiaries have entered into a facility agreement of up to $1.3B with The Bank of Tokyo-Mitsubishi UFJ, Ltd., as administrative agent, based on the securitization of its wireless service accounts receivable. Other banks involved in the facility are The Bank of Nova Scotia, Mizuho Bank, LTD., and Sumitomo Mitsui Banking Corporation. The new facility is expected to provide supplemental liquidity for general corporate purposes. The receivables are expected to be sold on a revolving basis throughout the term of the agreement beginning on May 16. The revolving period of the agreement is scheduled to end on May 16, 2016.
News For S From The Last 14 Days
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December 18, 2014
08:18 EDTSSprint Chief Network Officer says 2014 network milestones met
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December 16, 2014
14:11 EDTSSprint may face $105M FCC fine over billing, Bloomberg reports
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13:31 EDTSSprint to conclude NASCAR partnership after 2016 season
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December 10, 2014
10:24 EDTSSprint retreats after Oppenheimer cuts rating to Underperform amid price war
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10:00 EDTSOn The Fly: Analyst Downgrade Summary
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09:12 EDTSRadioShack threatens bankruptcy if cell phone deals not reworked, NY Post says
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07:58 EDTSSprint downgraded to Underperform from Perform at Oppenheimer
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December 9, 2014
10:28 EDTSVerizon drops after warning about promotional impact on profits
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December 8, 2014
14:56 EDTSMDC Partners climbs for third day after making announcement on CRM unit
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