Word: nextel
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...include $9.7 million worth of shares in Rupert Murdoch’s media giant News Corp.; $16 million in China Mobile, the world’s biggest wireless-phone carrier; $13 million in Teva Pharmaceutical, the world’s largest generic drug maker; and $3.5 million in Sprint Nextel Corp.The increasing emphasis on emerging market equity has likely helped hedge against dramatic declines in the domestic stock market. While the S&P 500 fell 12 percent from Dec. 31 to March 31, the MSCI Emerging Markets Index has remained essentially flat over that period.The SEC’s Form...
Last week was brutal for the workplace, with U.S. companies - like Caterpillar, Boeing, Sprint Nextel and Target - cutting more than 80,000 jobs all told. Losing your paycheck in a recession is certainly awful, and those who hold on to their jobs are no doubt better off than their fallen colleagues. But watching colleagues pack their things and go - and dealing with guilt that it wasn't you, anxiety that you might be next, exhaustion from the extra work you must take on and even envy of those who get to leave such a sullen environment - that's not much...
...SPRINT NEXTEL...
...behemoth of software, silently manipulating ones and zeros. Worlds apart, they've come together in the layoff business. Whether a company chops trees (Weyerhaeuser) or prices (Target), whether it sells Lipitor (Pfizer) or lumber (Home Depot), whether it services oil rigs (Baker Hughes) or cell phones (Sprint Nextel), job one is cutting payroll...
...offer hundreds of digital channels as well as high-def TV, video on demand, and broadband and telephone service. The company is also shelling out $1 billion--along with other companies like Time Warner Cable, Google and Intel--to fund a wireless Internet venture formed by Sprint Nextel Corp. and Clearwire Corp...