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Monday, 10 October 2011 - Brokerages cut Sprint Nextel on plans to raise more funds |
  • Pakistanis angry over detentions in Times Sq. case
    Monday, May 24, 2010
    ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
    They
  • Taiwan denies boycotting Australian film festival
    Thursday, August 6, 2009

    AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
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    Thursday, September 3, 2009

    By Sarah Marsh and Noah Barkin

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  • Minister seeks closure of anti-Berlusconi websites
    Wednesday, December 16, 2009
    ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
  • Asian markets mixed after Wall Street rally
    Wednesday, March 18, 2009

    By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
  • China allows release of critical IMF report | 30 July 2010
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  • Zawahri criticizes Pakistani government in al Qaeda tape | | 15 September 2010
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Bank CEOs and the infinite pile of cash Related Topics Technology » Hot Stocks » Asian Markets » A woman talks on her phone as she walks past T-mobile and Sprint wireless stores in New York July 30, 2009. Credit: Reuters/Brendan McDermid Mon Oct 10, 2011 8:42am EDT (Reuters) - Several brokerages lowered their ratings on Sprint Nextel Corp (S.N) after the wireless provider said on Friday it needs to raise more money to upgrade its network, sparking concerns about its financial stability. Sprint plans to spend $7 billion on a network upgrade that it wants to complete by end-2013, two years earlier than previously suggested. J.P. Morgan cut Sprint Nextel to "neutral" from "overweight" and said the management would have to rebuild confidence among investors before the stock could work. The company expects its liquidity to improve after 2013, implying a tough two years before that. "In 2012 and 2013, Sprint will simultaneously face incredible stress on their finances, their network, their product line-up, and their customer service/brand," Bernstein Research said in a note and cut its price target on the stock to $2.50 from $3.00. Shares of the company were down over 2 percent at $2.36 in pre-market trade on Monday. They closed at $2.41 on Friday on the New York Stock Exchange. (Reporting by Sumit Jha in Bangalore; Editing by Roshni Menon) Technology Hot Stocks Asian Markets Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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    Other News on Monday, 10 October 2011
    Nineteen killed as Egypt Christians, police clash |
    Yemeni opposition doubts Saleh pledge to quit soon |
    Libya govt says takes landmarks in Gaddafi hometown |
    Syria warns against recognition of opposition council |
    PM Tusk claims victory in Polish election |
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    Hollande leads French left's presidential primary |
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    Tunisia police use tear gas on Islamist protesters |
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    Robot flick Real Steel wins weekend box office |
    Ex-Weezer bassist Mikey Welsh found dead in Chicago |
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    Rihanna finds her way to top of UK charts |
    Fox renews The Simpsons for two more seasons |
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    Pianist to the Presidents dies at 87 |
    Egyptian cabinet to meet over violence that kills 24 |
    Magnitude 5.6 quake jolts northeastern Japan: NHK |
    Analysis: China's military buildup: How far along is it? |
    Syrian activists say at least 31 killed on Sunday |
    U.S. citizen pleads guilty to insulting Thai monarchy |
    Polish PM Tusk scores historic election victory |
    Support for Japan PM dips after 1 month in office |
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    Samsung delays new Android model release after Jobs's death |
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    Alibaba seeks Temasek backing to buy stake from Yahoo: report |
    Shirley MacLaine to receive AFI lifetime award |
    Zsa Zsa Gabor undergoes stomach surgery |
    White House: Egypt violence should not delay election |
    Libya government forces corner Gaddafi loyalists in Sirte |
    Yemen al Qaeda wing confirms U.S.-born cleric dead: report |
    Torture rife in Afghan detention facilities: U.N. |
    Polish PM eyes coalition after historic poll win |
    Iraq's Maliki urges Syria to end one-party rule |
    China and Russia to hold energy talks while Putin visits |
    Hamas sets Gaza entry restrictions for foreigners |
    Apple says iPhone 4S broke preorder record |
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    Daily Deal frenzy jolts local online ad market |
    HK design student says Jobs tribute not original |
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    Brokerages cut Sprint Nextel on plans to raise more funds |
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    America Movil to launch bid for rest of Telmex |
    Michael Jackson's legacy survives odd trial revelations |
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    Female Breasts Are Bigger Than Ever
    AMD Trinity Accelerated Processing Units Now in Volume Production
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    Japan Successfully Broadcasts an 8K Signal Over the Air
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