Sprint Corporation (NYSE:S), the third largest wireless carriers in the United States plans to pursue a takeover bid for its smaller rival T-Mobile US Inc. (NYSE:TMUS) after meeting with banks to arrange a debt financing for the proposal, according to Bloomberg based on information from sources familiar with the situation. Sprint Corporation (NYSE:S) shares after opening at $8.20 moved to $8.59 on last trade day and at the end of the day closed at $8.50. Company price to sales ratio in past twelve months was calculated as 1.98 and price to cash ratio as 4.48. Sprint Corporation (NYSE:S) showed a positive weekly performance of 1.55%.
AT&T Inc. (NYSE:T), the second-biggest U.S. mobile-phone carrier, approached DirecTV (DTV:US) about possibly acquiring the satellite-television company, the Wall Street Journal said, citing people familiar with the situation. It’s unclear whether the companies are in detailed talks, although DirecTV would be open to a deal, the report said, citing an unidentified person. The deal would probably be worth at least $40 billion, the Journal said. AT&T Inc. (NYSE:T) shares advanced 0.79% in last trading session and ended the day on $35.70. T return on equity ratio is recorded as 20.60% and its return on assets is 6.60%. AT&T Inc. (NYSE:T) yearly performance is 0.42%.
Advanced Micro Devices (NYSE:AMD) is having a good time due to strong sales of gaming consoles. The company posted solid results for the first quarter with terrific growth in revenue and earnings. Its revenue increased 28 percent year-over-year to $1.40 billion. Advanced Micro Devices, Inc. (NYSE:AMD) shares moved up 1.49% in last trading session and was closed at $4.09, while trading in range of $3.99 – $4.10. Advanced Micro Devices, Inc. (NYSE:AMD) year to date (YTD) performance is 5.68%.
The board of directors of Nokia Corporation (ADR) (NYSE:NOK) recently convened the Annual General Meeting of 2014. Nokia announced that the board of directors has resolved to organize the Annual meeting, 2014. It also announced the set of proposals submitted by the BOD. It proposed to pay EUR 0.11 per share as an ordinary dividend and EUR 0.26 per share as a special dividend. It also included the remuneration and board composition as well as to issue shares. The proposal also included the auditor’s remuneration and external auditor’s re-election. Nokia Corporation (ADR) (NYSE:NOK) weekly performance is 2.74%. On last trading day company shares ended up $7.50. Nokia Corporation (ADR) (NYSE:NOK) distance from 50-day simple moving average (SMA50) is 0.18%. Analysts mean target price for the company is $8.01.
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