Clearwire said Tuesday it would discuss the unsolicited offer with Dish. But Sprint, which owns 51% of Clearwire, said it would have to sign off on Dish's offer and that it has no plans to do that.
Sprint reached a deal in December to buy the 49% of Clearwire that it didn't own for $2.90 a share. It later raised the offer to $2.97 a share.
Aluminum giant Alcoa (AA) posted fourth-quarter revenue on Tuesday that topped analysts' expectations and it said it expected to be in good position for 2013 on global demand growth in the metal. Fourth-quarter earnings at Alcoa were 6 cents a share on revenue of $5.9 billion. Analysts were expecting profit of 6 cents a share on revenue of $5.6 billion. "We overcame volatile metal prices and global economic instability to deliver on our targets for the fourth year in a row. We enter 2013 in a strong position to maximize profitable growth," said Klaus Kleinfeld, chief executive officer of Alcoa, in a statement. The company said it expected demand growth of 7%, which would be up from 6% in 2012. Alcoa Beats Revenue, Optimistic on 2013 Demand
Apple (AAPL) is developing a low-cost iPhone for emerging markets for 2013, according to reports. It also was reported that Apple CEO Tim Cook made his second visit to China in less than a year and met with the country's ministry of industry and information technology. Apps at CES: Microsoft's Ballmer Really Doesn't Have a Clue
Wine company Constellation Brands (STZ) is expected by analysts Wednesday to report third-quarter earnings of 55 cents a share on revenue of $751.8 million.
Seagate Technology (STX), the disk drive maker, on Tuesday raised revenue guidance for the fiscal second quarter ended Dec. 28. Seagate said it expects quarterly revenue of at least $3.6 billion, higher than its previous forecast of about $3.5 billion. Seagate Shares Rebound on Better-Than-Expected Sales
MGM Resorts (MGM) said its China arm received official approval Wednesday for its new $2.5 billion casino-resort in Macau.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV