Sprint Nextel Corporation (NYSE:S): The Network Vision strategy seems to be coming along well with Sprint Nextel Corporation rapidly shutting down iDEN sites and aggressively building LTE in order to catch up with industry leaders Verizon and AT&T. The Integrated Digital Enhanced Network, iDEN, shutdown and a growing adoption of LTE are expected to help Sprint derive a lot of savings in network expenses and increase operational efficiency. However, risks surrounding their high debt levels and burgeoning capital expenses still exist, which could have an adverse impact on cash flow in the coming quarters.
Clearwire Corporation (NASDAQ:CLWR): Sprint (NYSE:S) is working on a deal to acquire Clearwire Corporation. CNBC’s David Faber’s earlier report stating that Softbank was working on a takeover of Clearwire is not correct. Sprint’s potential acquisition of Clearwire would be part of Softbank’s majority stake in the company, which is being negotiated. Sprint has not considered making a counter bid for MetroPCS (NYSE:PCS), Faber said, citing his sources.
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Bank of America Corp (NYSE:BAC): According to the Wall Street Journal, Federal Governor Daniel Tarullo called on Congress to consider capping the size of the nation’s financial firms, marking one of the most high-profile challenges to the way Wall Street does business. Tarullo recommended curbing banks’ growth by putting a limit on their non deposit liabilities, which are sources of funding for operations that go beyond consumer deposits.
Sirius XM Radio Inc (NASDAQ:SIRI): Sirius XM Radio Inc. has declared that during the third quarter of 2012, they have gained a massive addition of 445,921 net subscribers. This depicts nearly 34% year over year upside and demonstrates the best ever third quarter net subscribers’ addition in the company’s history. The total subscriber base, at the end of the third-quarter 2012, was 23,365,383, up 9.5% year over year.
Alpha Natural Resources, Inc. (NYSE:ANR): Alpha Natural Resources, Inc., a leading United States coal producer, plans to report their third quarter 2012 results before the market opens on Friday, November 2, 2012. A conference call to review the results and current business conditions is scheduled to follow at 10:00 a.m. EDT that morning.
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