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U.S. Morning Call: Sprint's Clearwire bid under pressure

Friday, May 31, 2013 - 02:49

May 31 - Clearwire shareholder rescheduled their meeting from Friday to June 13th after Dish Network upped is offer to $4.40 per share, compared to Sprint’s $3.40 per share bid.

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Clearwire shareholders were scheduled to vote on Sprint's takeover bid. But not anymore. That's your Friday morning call dish networks higher -- it effectively postponing the meeting. One of the biggest minority shareholders -- Clearwire to recommend against Sprint's buyout offer saying it's it's -- up to competitive bidding. Late last night Clearwire said it would reconvene on June 13 giving the special committee two weeks to decide conditions proposal. Clearwire shares spiked yesterday on the new -- and their continuing their move higher in the premarket. And before -- move on to check at this snaps at the bottom of the screen for more headlines of the day. Now counter bid for Smithfield Foods put up against China. Basis point reporting -- -- he international has mandated the bank of China finance up to four billion dollars to support its acquisition. Morgan Stanley is also providing financing for the China is already bought up thinkpad laptops -- cars and AMC movie theaters so lineup art. Shares of Smithfield still climbing in the premarket. Netflix getting added to the NASDAQ-100. Now we know what prompted yesterday's buying. But manager generally dive into a stock when it's attitude index Netflix shares flat market but expect him. Finally keep an Intel Samsung chose its processors to power -- new version of one of its top -- android tablets a huge win for Intel. Shares steady at about 24 dollars in the premarket. Let us the last day at Maine it's another winning month for US stocks but how long and the momentum last. Stock futures looking lower. Weak economic reports -- expectation that Bernanke's fed will continue to hunkered down with its current QE policy which is going markets. But our eyes on the McCain after yesterday's 5% drop at its worst week in every year. Here's over that index and rising interest rates on US treasuries are fueling investor wariness. Combine that with expectations the stock rally ends in an end of more volatility ahead and we got some serious investor uncertainty. The feds personal income index will be the latest clue for how consumers are behaving. Economists polled by Reuters say personal income is expected to come at a -- team point 1%. Well below the Fed's 2% target. Also watch for the consumer sentiment index out at 9:55. AM eastern. That's it here Friday morning -- remembered follow us on Twitter act like it's inside -- get more great videos at Reuters dot com slash later TV. And the super card this is.

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U.S. Morning Call: Sprint's Clearwire bid under pressure

Friday, May 31, 2013 - 02:49