Sprint Corporation (NYSE:S) and T-Mobile US Inc. are working on a plan to raise roughly $10 billion to spend in an auction of wireless airwaves, people familiar with the matter said. The companies, which have been discussing a possible merger since last year, are planning to form a joint venture that will bid in a…
Morgan Stanley initiated coverage on shares of Xerox Corp (NYSE:XRX) in a research note released on Monday morning. The firm issued an overweight rating and a $15.00 target price on the stock. Xerox Corp (NYSE:XRX) stock performance was -0.08% in last session and finished the day at $12.20. Traded volume was 14.51million shares in the…
Microsoft is planning to rename the Nokia Corporation (ADR) (NYSE:NOK) brand by adding “by Microsoft” after its name. Microsoft has officially acquired Nokia Corporation (ADR) (NYSE:NOK) globally, but the initial leaks did not suggest an overhaul in the brand name. A recent leak of Lumia 830 smartphone reveals the back panel with `Nokia by Microsoft’…
Credit Suisse began coverage on shares of Weibo Corp (ADR) (NYSE:WB) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm issued an outperform rating and a $23.00 price objective on the stock. Weibo Corp (ADR) (NASDAQ:WB) stock performance was 2.95% in last session and finished the day at $22.00. Traded volume was 2.29million shares…
China is one such country. To capitalize on that China fandom, the NBA has expanded its social media joint ventures. The NBA contracted with the internet media company SINA Corp. (NASDAQ:SINA) for what has been described as an “unprecedented access to NBA content on multiple SINA platforms.” SINA Corp (NASDAQ:SINA) stock performance was -0.60% in…
Facebook Inc. (NASDAQ:FB), for the first time, has joined a number of technology companies releasing their diversity figures publicly. The Menlo Park, California social media giant revealed its figures Wednesday even as tech titans like Google Inc. (NASDAQ:GOOG) have begun seeking public input on how to close the huge gender gap present throughout the technology…
