Clearwire Corp. climbed higher above Sprint Nextel Corp.’s $2.97-a-share takeover bid on the day before investors meet to vote on the deal, a sign shareholders anticipate a last-minute sweetening of the terms.
Apple Inc. is missing out on a chance to court as many as 2.8 billion new smartphone customers, many of them in Asia, as wireless-service providers balk at conditions imposed by the iPhone maker and drag their heels in signing on as partners.
Dish Network Corp.’s counterbid for Clearwire Corp., which already agreed to a buyout by majority shareholder Sprint Nextel Corp., has analysts wondering about Dish Chairman Charlie Ergen’s motivations.
Billionaire Carlos Slim’s U.S. mobile carrier is giving users instructions for switching their AT&T Inc. iPhones to his prepaid calling plans, showing them how to disable software aimed at preventing customers from defecting.
Debevoise & Plimpton LLP advised Verizon Communications Inc., which said it will buy Hughes Telematics Inc. for $612 million in cash, vaulting the telephone company deeper into the automotive-technology market.
U.S. stocks climbed, sending the Standard & Poor’s 500 Index within two points of its record high, as government data showed jobless claims unexpectedly dropped last week to the lowest level in almost two months.
Sprint Nextel Corp. offered to acquire all of Clearwire Corp. in a $2.1 billion deal, ending a four-year joint venture that struggled to build a nationwide network capable of challenging Verizon Wireless and AT&T Inc.
Apple Inc. plunged the most in more than four years after posting the slowest profit growth since 2003 and the weakest sales increase in 14 quarters, fueling concern that mounting costs and competition may curtail growth.