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LTE posts

Clearwire eases pressure on Sprint Nextel, says CEO Hesse

Posted Sep 23rd 2009 2:40PM by Brian White (RSS feed)
Filed under: Competitive Strategy, Sprint Nextel Corp (S)

Clearwire Corp.'s (NASDAQ: CLWR) may be able to relieve some pressure on Sprint Nextel Corp.'s (NYSE: S) national wireless network, according to Sprint CEO Dan Hesse. Although Sprint's existing 3G network is touted to be one of the most reliable in the U.S., moving customers to a more efficient and faster 4G network -- like the ones Clearwire continues to launch -- de-stresses Sprint's existing network.

Continue reading Clearwire eases pressure on Sprint Nextel, says CEO Hesse

Newspaper wrap-up: PDVSA cuts Exxon Mobil off

Posted Feb 13th 2008 8:00AM by Laurie Pasternack (RSS feed)
Filed under: Newspapers, Magazines, Exxon Mobil (XOM), Walt Disney (DIS), Amer Intl Group (AIG), China Mobile Limited (CHL)

MAJOR PAPERS:

The Wall Street Journal reported that analysts are looking to assess the significance of a new accounting problem at American International Group Inc (NYSE: AIG) which includes "material weakness" the company's auditor found that relates to subprime exposure.
China Mobile Limited (NYSE: CHL) is expected to announce its support today for Long Term Evolution, a wireless broadband standard gaining strong momentum as the next-generation wireless technology for providing super-fast web surfing on cellular phones, the Financial Times reported.

OTHER PAPERS:

According to the Associated Press, Petroleos de Venezuela SA said it has stopped selling crude oil to Exxon Mobil Corporation (NYSE: XOM). The decision, made "as an act of reciprocity" for Exxon's "judicial-economic harassment," will also include the suspension of commercial relations with the U.S. company.

WEB SITES:

Reuters reported that The Walt Disney Company (NYSE: DIS) signed a deal to buy 20% of Net TV, a digital television company controlled by Spanish media company Vocento.