Shares in the Sprint PCS affiliates jump after an unsolicited $354 million offer.

Identix falls on weak earnings and outlook.

The Sprint affiliate taps new leadership.

The move comes in response to a complaint that the carrier violated contractual agreements.

The move casts doubt over whether Sprint can shield itself from its ailing affiliate network.

The company expects to write down a unit that is on the brink of bankruptcy.

A positive note on Western Wireless helps lift the fatigued sector.

Extreme Networks and UPS also gain ground, but ADC and Ligand fall.

Some argue the reaction is out of line with the telco's importance as a customer.

Personal spending fell most than expected in December, according to data from the Fed's preferred inflation gauge, helping price pressure ease over the final month of the year.

"While the full-year 2022, and particularly the fourth quarter, represented a challenging moment for Hasbro, we are confident in our Blueprint 2.0 strategy," said CEO Chris Cocks.

...it's actually good-looking.