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Stock

Latest Headlines

Latest Headlines

SoftBank's share purchases help buoy Sprint's stock and boost market value by $6.7B

Sprint parent SoftBank's recent purchases of the carrier's shares have boosted its stock price up around 50 percent since before starting the buying spree in August. The share purchases are a reflection of SoftBank's confidence and have added $6.7 billion to Sprint's market value since Aug. 7.

SoftBank buys $87M more in Sprint shares in show of confidence

Sprint parent SoftBank bought around $87 million more shares in the carrier, a sign of confidence that SoftBank is standing behind Sprint as the company continues its turnaround push.

Sprint extends Claure's contract until 2019, will give him 10M shares if he gets stock to $8

Sprint extended CEO Marcelo Claure's contract until May 31, 2019, and said he will get 10 million shares of company stock if his turnaround efforts can push Sprint's stock to at least $8 per share.

AT&T's stagnant stock under scrutiny as carrier buys spectrum, DirecTV and Mexican business

As AT&T prepares to report its first-quarter earnings later today, it could come under more pressure from investors to show financial progress. The pressure is coming at a time when AT&T is investing $18 billion to purchase AWS-3 spectrum, $48.5 billion to buy DirecTV and billions more to move into the Mexican wireless market.

Investors sour on Verizon, AT&T, Sprint and T-Mobile amid price cuts and spectrum auction

Investors last week dumped the stocks of Verizon Communications, AT&T, Sprint and T-Mobile US in a hurry amid growing concerns that the carriers' wireless pricing battles are unsustainable long term and that rising costs of spectrum will combine with the price war to drive down carriers' profitability.

T-Mobile to raise $1B in stock sale to fund capex and spectrum purchases

T-Mobile US is selling stock in an offering that is likely going to raise $1 billion. The carrier indicated it will use the proceeds for capital expenditures and spectrum purchases beyond what it may acquire in the ongoing AWS-3 auction.

BlackBerry's stock surges as investors buy into Chen's turnaround strategy

It might be difficult for some to believe, but BlackBerry's stock is out of the doldrums and is up more than 50 percent this year as investors have started to believe in CEO John Chen's turnaround strategy.

T-Mobile to raise $1.8B in stock sale, could use funds to buy spectrum

T-Mobile US said it plans to sell new shares in a move that could raise as much as $1.8 billion. The company could use the cash to acquire spectrum in upcoming auctions.

AT&T sells part of its stake in TracFone owner América Móvil for $564M

AT&T sold 7.5 percent of its stake in América Móvil, netting the company about $564 million and returning AT&T's total stake in the telecom giant to its historic level of around 9 percent.

Clearwire execs stand to rake in millions if Sprint deal goes through

Top Clearwire executives appear set to rake in millions of dollars from stock payments if Sprint Nextel's bid to buy the roughly 50 percent of Clearwire it does not already own gets approved by Clearwire's minority shareholders.