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Dish Abandons Sprint Bid to Focus on Clearwire
Dish Network said on Tuesday that it would not make a new offer to buy No. 3 U.S. wireless provider Sprint Nextel and focus instead on its tender offer for Clearwire Corp.
Posted: Tue, 18 Jun 13 23:40:10 GMT
Waiting on the Fed: Here We Go Again
As traders wait on the Federal Reserve, putting off any major decisions until they hear the latest word in FOMC logic and intentions, it's worth noting that little good comes from slipping into a state of suspended animation.
Posted: Tue, 18 Jun 13 23:40:09 GMT
Fox Commentator Paid $50,000 to Tout Stock
Tobin Smith, a money manager who has been a fixture on the television news shows for 15 years, was paid $50,000 to tout the stock of Petrosonic Energy in an email and print advertising campaign.
Posted: Tue, 18 Jun 13 23:40:08 GMT
Wall Street Advances for Second Day; Fed in Focus
Stocks added to gains in afternoon trading on Tuesday, pushing the Nasdaq up more than 1 percent, as investors were optimistic about the outlook for the Federal Reserve's economic stimulus policies.
Posted: Tue, 18 Jun 13 23:40:07 GMT
Chrysler Relents, to Recall 2.7 Million Jeeps Over Fuel Tanks
Chrysler Group LLC said it would recall 2.7 million older Jeep models after initially fighting a recall request from U.S. regulators in a dispute over crash protection for their fuel tanks.
Posted: Tue, 18 Jun 13 23:40:06 GMT
Taco Bell Jumps on Protein Craze With Menu Test
Taco Bell plans to test a "Power Protein" menu that it's hoping will eventually be hit with its core audience — young men. The chain says it will start testing the menu July 25 at about 40 locations ...
Posted: Tue, 18 Jun 13 23:40:05 GMT
Google Asks FISA Court to Lift Gag Order
Google on Tuesday sharply challenged the federal government's gag order on its Internet surveillance program, citing what it described as a First Amendment right to divulge how many requests it receives ...
Posted: Tue, 18 Jun 13 23:40:04 GMT
Is Sony a Buy?
Third Point's Dan Loeb has upped his stake in Sony. Is the stock now a buy? Richard Ross, Auerbach, says the stock makes a compelling buy, and Steve Cortes, Veracruz, thinks there are problems for Sony.
Posted: Tue, 18 Jun 13 23:40:03 GMT
Americans Exporting More Oil for First Time Since '70s
The U.S. oil boom is moving Congress closer than it has been in more than three decades to easing the ban on exporting crude imposed after the Arab embargo.
Posted: Tue, 18 Jun 13 23:40:02 GMT
Adobe Systems Profit Beats as Creative Cloud Subscriptions Grow
Adobe Systems reported a higher-than-expected adjusted quarterly profit as demand rose for the subscription-based version of its flagship software package. Shares are up in after-market trading.
Posted: Tue, 18 Jun 13 23:40:01 GMT
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