Reuters - Video

Edition: U.S. | U.K. | IN | CN

Top News

U.S. Morning Call: Dish makes $2.28 billion bid for Clearwire

Wednesday, January 09, 2013 - 03:00

Jan. 9 - Satellite mogul Charlie Ergen, the billionaire founder and chairman of Dish Network, made a surprise $2 billion-plus bid for Clearwire at the Consumer Electronics Show.

▲ Hide Transcript

View Transcript

Clearwire soaring 10% in premarket today as they takeover battle for the wireless provider begins. Let's kick off their morning call for Wednesday. Dishes billionaire chairman Charlie -- draw a lot of attention at CES Las Vegas on Tuesday. He announced at 2.2 eight billion dollar offer for Clearwire that trumps Sprint's 2.2 billion dollar bid. Some analysts see this is a sign that Gergen is serious about entering the mobile broadband market. Others speculate dishes amassed a massing spectrum and buying a commodity is more and more people watch video on mobile and tablets. Dishes big -- 50% stake in Clearwire. Shares the company closed at 35 dollars yesterday shares as sprint down 3.5 percent in the premarket. From wire lesson to customers looking to pay less the Wall Street Journal reporting that apple is working on a lower and iPhone. The shift in strategy part of an effort to claw back market share and introduce new people to the brand. The less expensive iPhone would be made of more plastic components as opposed to -- and parts found in the iPhone 5. To give you an idea of what's already out there the cheapest iPhone not tied to a carrier cost 450 bucks. And the low and android phones go for about 150 that's a huge difference. Shares of apple trading near 525. Dollars in the premarket. Turning to Microsoft a top executives saying it's sold sixty million licenses upgrades for the new windows eight operating system. A solid number but unspectacular start from Microsoft's new flagship product. Turning to earnings Alcoa posted a profit in the fourth quarter in line with estimates. The company is optimistic that demand for aluminum will continue to grow into -- thirteen. Boosted by strong sales and aerospace and construction. But CEO Klaus -- -- balancing out the good news. Saying that the budget debate could potentially have a negative impact especially if we see cuts in defense spending. Alcoa shares up 2% in the premarket. RBC raising its price target on the stock this morning to ten bucks for 950. Also on our radar results from Constellation Brands which if you didn't know is the largest branded wine company in the world with names like Robert Mondavi. It's expected to post earnings per share a 54 cents according to start line. Let's close out a look at US stock futures are pointing to a higher open on Wall Street after a two day decline. That's it here Wednesday morning call follow us on Twitter at Reuters Insider and check out our energy tip check out at Reuters dot com slash writers TV. I'm Lisa Bernhard this is way.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

U.S. Morning Call: Dish makes $2.28 billion bid for Clearwire

Wednesday, January 09, 2013 - 03:00

Business »

Moving Pictures »

Images of December Images of December

Tue, 23 Dec, 2014 - (0:30)

Tsunami - unclaimed possessions Tsunami - unclaimed possessions

Tue, 23 Dec, 2014 - (2:23)

Images of November Images of November

Tue, 02 Dec, 2014 - (0:30)

Images of October Images of October

Mon, 03 Nov, 2014 - (0:57)

The world in a city The world in a city

Fri, 31 Oct, 2014 - (1:30)

Real-life superheroes Real-life superheroes

Tue, 28 Oct, 2014 - (1:44)

Dance of the northern lights Dance of the northern lights

Mon, 20 Oct, 2014 - (1:08)

Images of September Images of September

Thu, 02 Oct, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, 05 Sep, 2014 - (2:05)

Burning Together Burning Together

Mon, 01 Sep, 2014 - (2:23)

Oddly Enough »

Thailand beach road becomes bed race track Thailand beach road becomes bed race track

Mon, 26 Jan, 2015 - (0:58)

Rhino born at Copenhagen Zoo Rhino born at Copenhagen Zoo

Mon, 26 Jan, 2015 - (0:46)

Robots dance in mass-games fashion Robots dance in mass-games fashion

Wed, 21 Jan, 2015 - (1:30)

India has most of the world's tigers India has most of the world's tigers

Wed, 21 Jan, 2015 - (1:22)

Cat saves abandoned baby Cat saves abandoned baby

Tue, 20 Jan, 2015 - (1:09)

Pope Francis - the musical Pope Francis - the musical

Sat, 17 Jan, 2015 - (1:35)

Sports And Leisure »

Diver Daley trains in Rio Diver Daley trains in Rio

2:50pm GMT - (0:55)

Drogba on his Chelsea hopes Drogba on his Chelsea hopes

Mon, 26 Jan, 2015 - (0:52)

NBA legend shoots from the hip NBA legend shoots from the hip

Wed, 14 Jan, 2015 - (1:13)

Tennis ace Murray proposes to girlfriend Tennis ace Murray proposes to girlfriend

Thu, 27 Nov, 2014 - (0:41)

Sports Spread: Tinkering Liverpool target Chelsea Sports Spread: Tinkering Liverpool target...

Thu, 06 Nov, 2014 - (11:18)

Flying car prototype takes to the skies Flying car prototype takes to the skies

Wed, 29 Oct, 2014 - (2:18)

Sports Spreads: Can van Gaal beat Mourinho? Sports Spreads: Can van Gaal beat Mourinho?

Thu, 23 Oct, 2014 - (12:39)

Dateline Asia »

Be afraid, the Chinese are spending less Be afraid, the Chinese are spending less

Mon, 26 Jan, 2015 - (1:33)

Asia markets toast ECB stimulus Asia markets toast ECB stimulus

Fri, 23 Jan, 2015 - (1:42)

Asia Week Ahead: Markets await Greece vote Asia Week Ahead: Markets await Greece vote

Fri, 23 Jan, 2015 - (1:18)

Netflix to push play in China Netflix to push play in China

Thu, 22 Jan, 2015 - (1:41)

Japan in a tight spot over hostage crisis Japan in a tight spot over hostage crisis

Thu, 22 Jan, 2015 - (1:05)

Behind the pretty face of K-pop Behind the pretty face of K-pop

Thu, 22 Jan, 2015 - (2:09)

Record slowdown in China's economic growth Record slowdown in China's economic growth

Tue, 20 Jan, 2015 - (1:52)

North Korean defector changes his story North Korean defector changes his story

Mon, 19 Jan, 2015 - (1:03)

China stocks hit by credit crackdown China stocks hit by credit crackdown

Mon, 19 Jan, 2015 - (1:16)

Reuters Investigates »

Where the sea is closing in Where the sea is closing in

Thu, 20 Nov, 2014 - (3:41)

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:22)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)