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Investment News Briefs
With our investment news briefs, Money Morning provides investors with a quick overview of the most important investing news stories from all around the world. Sprint-Deutsche Telekom Merger Talk Surfaces; EU Projects 3Q and 4Q Growth; Source: J&J and Elan Restructuring Deal; Chevron Cashing in on Asia Gas Demand; Citi Downgrades Potash and Mosaic; Eli […]
Sprint Forms $14.5 Billion WiMax Joint Venture with Clearwire
Mike Caggeso Associate Editor Trying to disconnect from its downtrodden Wireless business, Sprint Nextel Corp. (S) announced it will merge its high-speed wireless business with Clearwire Corp. (CLWR) - forming a $14.5 billion joint venture that plans to roll out the first nationwide WiMax network. They'll get a combined $3.2 billion from interested investors […]