Shares of Theravance Inc. (NASDAQ: THRX) rallied on Monday after a report from the U.S. drug regulators showed that the once-a-day lung disease treatment Breo Ellipta, which the company is developing in conjunction with the GlaxoSmithKline Plc, might get an approval.
Continue reading Major Movers on April 15; THRX, ACOR, LIFE, TMO, NGD, ABX, GG, WLT, S
U.S.’s second largest satellite television provider, Dish Network Corp. (NASDAQ: DISH), offered to acquire Sprint Nextel Corp. (NYSE: S) for $25.5 billion both in cash and stock, a move which could prevent Japan’s Softbank’s bid to buy partial stake in the nation’s third largest wireless carrier.
Continue reading Dish Network Offers to Buy Sprint Nextel in a Deal worth $25.5 Billion (DISH, S)
Blackberry’s (NASDAQ: BBRY) generation next smartphone the Z10 will probably hit the U.S. market by the end of next week, according to Bloomberg news.
Continue reading Blackberry’s Z10 Model Soon to Hit U.S. Market (BBRY)
U.S’s third largest wireless carrier, Sprint Nextel Corp. (NYSE: S) reported wider-than-expected losses for the fiscal fourth quarter as it kept losing subscribers while huge charge related to the shuttering down of its Nextel Network also dented the bottom line.
Continue reading Sprint Nextel’s Q4 Revenue Climbs But Losses Widen (S)
Shares of Alcoa Inc. (NYSE: AA) gained on Tuesday. The aluminum giant, whose results are considered as an economic bellwether, swung into profit in the fiscal fourth quarter. Earnings after excluding onetime gains were in line with analysts’ expectation. The Company also boosted its outlook on global aluminum demand for 2013. Alcoa now expects global aluminum demand will grow by 7 percent in 2013, up from its previous projection of 6.5 percent growth.
Continue reading Major Movers on January 9; AA, CLWR, DISH, S, APOL, FB, NUVA, STX
Shares of Clearwire Corporation (NASDAQ: CLWR) rallied on Wednesday after DISH Network (NASDAQ: DISH) offered to buy the telecommunication company for $2.28 billion, trumping Sprint Nextel’s (NYSE: S) $2.2 billion takeover offer.
Continue reading DISH’s Bid for Clearwire Trumps Sprint Nextel’s Offer (CLWR, DISH, S)
Sprint Nextel Corporation (NYSE: S) announced on Monday that it has reached a deal to acquire almost 50 percent stake in Clearwire Corporation (NASDAQ: CLWR) which it does not currently holds for $2.97 a share, a sweetened offer from its earlier $2.90 share bid, made on last Thursday.
Continue reading Sprint Nextel Reaches Deal With Clearwire (S, CLWR)
Japan’s SoftBank Corp. today announced that it will acquire a 70% stake in Sprint Nextel Corp. (NYSE: S), the No. 3 U.S. wireless carrier, for $20.1 billion. The Wall Street Journal had last week reported that the two companies were in advanced talks for a deal. The deal comes a few days after the announcement of the T-Mobile/MetroPCS Communications Inc. (NYSE: PCS) merger.
Continue reading Japan’s SoftBank to Acquire 70% Stake in Sprint Nextel (S)
Shares of Sprint Nextel Corporation (NYSE: S), the No. 3 U.S. wireless carrier, are seeing a huge rally in trading today. At last check, Sprint shares were trading 14.09% higher at $5.75 on above average volume of 92.14 million. The stock hit a 52-week high of $5.98 in trading today.
Continue reading Major Gainers and Losers in Early Trading on October 11; S, SWY, WGO, SWC, CTB
Shares of Geron Corporation (NASDAQ: GERN), a biotechnology company focused on developing therapies for cancer, are sinking in today’s trading after the company said that it is ending its imetelstat breast cancer study.
Continue reading Major Gainers and Losers on September 10; GERN, AIG, GMCR, SWHC, BAH, PXP, S