Anthony and Jay Robert Pritzker, brothers and heirs to the Hyatt Hotels Corp. and Marmon Holdings Inc. manufacturing fortune, settle in for salads and sandwiches at their 40th-floor office in Chicago’s West Loop. A decade ago, the duo joined family members who allied against their sister, Penny, who’s U.S. President Barack Obama’s commerce secretary, and two cousins.
MetroPCS Communications Inc., the wireless carrier looking to expand, may struggle to become a viable replacement for T-Mobile USA as AT&T Inc. tries to win government approval to buy the company from Deutsche Telekom AG.
Sprint Nextel Corp., the third- largest U.S. wireless carrier, said it needs as much as $7 billion in capital to pay for new handsets and a network upgrade after posting its 16th straight quarterly loss.
Sprint Nextel Corp. tumbled to its lowest since February 2009 as at least seven analysts cut their ratings on the stock after the carrier’s investor meeting, citing concerns that rising spending will hurt liquidity.
A Clearwire Corp. investor asked interim Chief Executive Officer John Stanton to reexamine a sale of spectrum holdings to help boost the stock price and the wireless-service provider’s value to an acquirer.
Verizon Communications Inc. , the second-largest U.S. phone company, reported earnings that more than tripled as taxes decreased and the carrier attracted new customers after introducing Apple Inc.’s iPhone.
AT&T Inc., looking to win approval for its proposed $39 billion acquisition of T-Mobile, is facing a challenge in California where regulators have raised questions about the deal’s effect on consumers and corporate customers.
Clearwire Corp., the money-losing wireless carrier, gained 14 percent after making a $237 million interest payment to creditors and striking a new network-sharing agreement with partner Sprint Nextel Corp.
MetroPCS Communications Inc., the pay-as-you-go mobile carrier, fell 9.2 percent in U.S. trading after adding fewer customers than analysts estimated. The company also said it’s not interested in buying Leap Wireless International Inc.