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U.S. Morning Call: What could fulfill Ergen's M&A appetite

Thursday, June 27, 2013 - 03:37

June 27 - Dish bows out of the battle for Clearwire, marking its second major blow against Sprint.

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So even -- markets may have come down for now with the recent volatility has dampened the appetite for IPOs this week. At the top of today's morning call. Construction supply company HD supply raised 957. Million dollars in an IPO yesterday that's less than expected. It at every hope to price shares at a range of 22 to 25 dollars instead telling managed to -- eighteen dollars a share. The same challenge facing tech products retailer CDW. It -- shares at seventeen dollars on Wednesday after reducing its price target range. From twenty to 23 dollars. And today's the first day trading for GDC technology. This is the second Chinese company to file for US listing this year. It's seeking to tap into the growing demand for digital cinema servers the global sin industry is expected to grow by 6% in 2015. This is Charlie hurt it hanging up his gloves in the bid for Clearwire after being assaulted by sprint. Dish marking its second major blow in less than a week after Clearwire shareholders made it clear. They prefer its -- five dollar share offer to -- is four dollars and forty cents. So now what for trial or well several analysts say giving up is not an option and that take a stab at T-Mobile. The fourth largest US mobile provider. It's majority shareholder Deutsche Telekom has been eager to get rid of the American -- hasn't had much success. It has already invested more than three billion dollars -- own wireless airwaves. These hunting for a partner to make use of it. Shares of dish and Wednesday near forty dollars shares of sprint closed near seven dollars. -- to market. Three's a charm US stock futures point to a higher start today. Carrying over the rally ignited on Tuesday as that tapering fears -- for now. And -- to watch that's also part of the Fed's dual mandate inflation. Inflation April came in at one point 1% year over year. I -- far expects day to clocked at one point 2% still below the Fed's 2% target. We're also waiting on weekly jobless claims data and the personal income and spending stats from day and file insider later this morning when we -- fed governor -- Powell's speech live on quantitative easing and other nontraditional. -- non conventional say. That policies. Our stocks to watch today we're awaiting earnings from Nike the Wall Street Journal reports this quarter's results could be disappointing the culprit. China the region has been responsible for nearly a fifth of earnings in the last three quarters. That's worrying because those earnings have fallen 15%. Year over year in that period. And one more retailer to keep an -- on men's warehouse a war of words raging between George Zimmer and accompany the latest. Zimmer denying that he would push for sale of the entire company before he was fired as executive chairman. He insists it only presented that suggestion to the board as one option. Democrat holds a 3.5 percent stake in the company. That's good for your Thursday morning call remembered follow us on Twitter at Reuters Insider and network -- Atlantic dot com slash latest. And the expert --

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U.S. Morning Call: What could fulfill Ergen's M&A appetite

Thursday, June 27, 2013 - 03:37