Citing people familiar with the situation, Reuters reported Sprint is deciding whether to go public with a bid for MetroPCS, or to wait to bid for the combined company, in which Deutsche Telekom (DT) will own a stake of 76%.
JPMorgan Chase's (JPM - Get Report) Barry Zubrow, the bank's regulatory affairs chief, is expected to give up his job, The Wall Street Journal reported. The change is the latest reshuffling at the bank following the multibillion-dollar derivatives trade that went bad back in May. It's possible that Zubrow will remain with the company in an advisory role, said people close to JPMorgan.
Morgan Stanley (MS) is in talks to sell a piece of its commodities-trading unit to a sovereign wealth fund from Qatar, a move that could help it avoid being hit by new proprietary trading rules, the Journal and other media outlets reported.
Constellation Brands (STZ - Get Report), the N.Y.-based alcohol seller, is expected by analysts Friday to post fiscal second-quarter earnings of 54 cents a share in the August-ended period on revenue of $710.1 million. Time for Sirius to Get Serious About Earnings
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel
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