Sirius LOSES MORE CONTROL to Liberty Media and 4 Heavily Traded Shares Sparking Chatter
Nokia Corporation (NYSE:NOK): Verizon Wireless is to partner with AT&T in championing Nokia’s Windows Phone cause, Bloomberg reported citing people familiar with the situation. If this is true, then Verizon’s clout could assist both Nokia and Microsoft, two companies who are attempting to make a bigger impact in the mobile market.
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Bank of America Corp (NYSE:BAC): The Fed sent strongly indicated that it is preparing new steps to boost the economic recovery, stating that measures will be necessary very soon unless growth substantially and convincingly improves, according to minutes form the July 31-August 1 policy meeting, reports the Wall Street Journal.
Hewlett-Packard Company (NYSE:HPQ) has announced that the U.S. Air Force has chosen HP to provide business PCs and workstations as part of its enterprise IT purchase program.
Sprint Nextel Corporation (NYSE:S) MVNO Ting will launch a bring-your-own-device program during Q4 which will let customers bring any Sprint device onto Ting’s service instead of buying a new phone with Ting. As a prepaid MVNO, Ting will charge full price for its devices since it does not subsidize them. For customers to be able to participate in the program, they must have a supported Sprint device not under contract, or they are required to pay Sprint’s early termination fee to terminate their contract. Apple’s (NASDAQ:AAPL) iPhone, Research In Motion (NASDAQ:RIMM) BlackBerry devices, and particular push-to-talk devices will not be eligible, but Ting stated that the final list of eligible devices has not yet been finalized.
Sirius XM Radio Inc (NASDAQ:SIRI) shareholders lost a bid to stop Liberty Media officials from attempting to acquire a controlling stake in the satellite-radio provider following a judge’s denial of their request to block further purchases of Sirius shares. Delaware Chancery Court Judge Leo Strine refused to stop Liberty Media Chairman John C. Malone from adding to his 48 percent Sirius stake although shareholders had concerns that the billionaire had begun what they called in court papers a “creeping takeover” of the largest satellite broadcaster in the U.S.
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