softbank is considering acquiring sprint nextel. sprint nextel has more than 56 million subscribers. negotiations are to acquire more than two-thirds of the company's shares. it's expected to reach 2.8 billn. both firmsre providers for apple's iphone and they both use a high speed wireless communication protocol called long term evolution. the stronger yen is believed to be a factor in soft bank's decision in acquiring sprint nextel. they are hoping to vastly expand their network and customer base in the united states where the market is showing considerable growth. if successful the deal would lead to the creation of a te telecommunications wh more than 19 millionsubscrers. >>> u.s. markets ended lower dragged down by lackluster earning reports. the dow jones extended its losing streak to four days. this is the lowest closing since september 11. we go to ramin who is at the tokyo stock exchange. what can you tell us? >> good morning. following the slight losses that we saw in new york we got to keep track of the tex sector followin

shares of sprint nextel fell a fraction today, despite news of that softbank merger deal we told you about. and, gold lost some of its luster today, after those positive reading on the u.s. economy, some on wall street believe today's retail sales report may be taking pressure off the fed's future easing plans. december gold futures dropped $22 an ounce to settle at $1,737. that erases all the gains we've seen since the fed launched its latest round of bond buying. and finally, four of the five most actively traded e.t.f.'s ended higher, while the ipath s&p 500 v.i.x. fell over 3%. that's tonight's market focus.

sprint nextel has more than 56 million subscribers. nhk sources say softbank executives are in negotiations to acquire two-thirds of the total shares. softbank's total investment is expected to reach about $12.8 billion. both firms are providers for apple's iphones and both use a high-speed wireless communications protocol called lte or long-term evolution. the stronger yen is believed to be a factor in softbank's consideration in aspiring to buy sprint nextel. softbank executive are amay or may notally hoping to vastly expand their network in the u.s. where the market is showing considerable growth. if successful, the deal would lead to the creation of a telecommunications company with more than 90 million subscribers. >>> europe's financial leaders keep hearing others talk act their problems with debt. they're eager to turn the attention away from themselves. members of the international monetary fund and the world bank are discussing global threats at their annual meetings being held in tokyo. and now finance stiministers fr the gro

softbank reveals it's buying up to 70% of sprint nextel. it will create one of the world's largest telecom companies with almost 100 million users. >> softbank says the company needs to break out of an aging japan, but admits the deal is a risk and challenge. >>> and chinese inflation leaving the door open to more easing, stronger than expected trade data could offset some pressure. >>> and cue up another round of earnings. citigroup leads the pack out of the gate today reporting third quarter results before the opening bell. >>> as mentioned, there was some stronger chinese data. exports grew, imports were softer. net result is that futures in the u.s. are pointed a little bit higher. dow jones trying to add about 25. nasdaq and s&p also trying to open in the green. take a look at the cnbc ftse global 300. definitely a pick up in risk sentiment. not a huge move all together. european markets giving a sense of what's happening across the region. xetra dax is strong performer this morning. cac 40 up nearly 1%. ibex 35 adding three quarters o

third largest carrier sprint nextel. >> translator: we have to start from scratch, going into new and big markets with different cultures, utility lzing all we nurtured to date. this is a challenge. but it would pose a greater risk not to rise up to the challenge. >> of all of the alternatives that sprint has, this also provides the best path to grow shareholder value, but perhaps more importantly, it provides an opportunity for them to participate in a much stronger, better sprint. >> softbank chairman and ceo masayoshi song and the sprint nextel ceo dan hesse held a joint news conference in tokyo on monday. the top softbank official says his company will aut $20 llion to buy a a a a a a a a a sprint shares. telecommunications giant with more than 96 million subscribers. sprint has 56 million subscribers in the united states, trailing at&t and verizon. softbank aims to sharply expand its business by breaking into the u.s. market. the yen's strength also works in softbank's in favor of taking advantage of the deal. the global cell phone market has been expanding rapidly due to the gro

. >> susie: japanese telecom giant softbank is taking control of sprint nextel. it's paying $20 billion for a 70% stake in the third largest u.s. cellular carrier. if the deal is approved, it will give softbank a big presence in the fast-growing u.s. telecom market. sylvia hall reports. >> reporter: right now, sprint is the third-largest u.s. wireless company. and with cash on hand from the softbank deal, it could completely change the market. sprint currently owns half of a company called clearwire, a major holder of the industry's hottest commodity-- wireless spectrum. >> it will allow sprint later on to potentially buy all of clearwire, and create a spectrum powerhouse in the u.s. that will allow it to provide unlimited data services for a much longer time than any other carrier in the u.s. >> reporter: spectrum is pretty simple. it's the radio waves use to transmit things like radio and television broadcasts, police communications and now wireless data. and demand for it exploding. an industry report shows by the end of last year, more than 111 million smartp

sprint nextel is in focus.company called softbank has agreed to pay more than $20 billion and will get a 70% stake in the wireless provider. it means more money pumped into help fund at could expansion of the 40 network. they will pay down debt and andibly become a bigger better challenger and to my press -- to microsoft and at&t. xbox will start streaming music compete with pandora. pc users will seem windows 8 week. have a great day. braitman. >> let's check out the commute. jamee has the latest. >> no major incidents. good, virginiaks and maryland. on 66, minor incident in quickly moved to the shoulder. 395, out of shirlington, over bridge, not very much traffic. the southeast's southwest 5, it's quiet. passing connecticut avenue on the beltway, looks good. a slow stretch in hyattstown and urbana. onks good at new hampshire the beltway. now to jacqui jeras. >> good morning. i learned some great stuff at a conference last week. today we have a slight risk for southeastern maryland. there's a new category call

sprint nextel is the stock we're eyeing. more than $20 billion for a 7% take. s what does that mean for customers? we know many companies looking to hire military veterans. electric will provide training. at the new york stock exchange, i'm jane king, bloomberg news, for wbal-tv 11 news. >> thank you very much. >> 5:23. 67 degrees at the airport. a phyllis skydiver shatters the sound barrier -- a fearless skydiver shatters the sound barrier. thehe orioles' season is topic of our water cooler question. you can share your response on wbaltv.com, on our facebook page, or send us an e-mail to watercooler@wbaltv.com. >> a skydiver breaks a record. he fell more than 24 miles to earth. on the way down, he became the first human to travel faster than the speed of sound without being in a craft. he reached 834 miles per hour. he opened his parachute and that is incredible. the streets are clear and the runners are recovering. >> more than 27,000 runners hit the streets of baltimore over the weekend. 31-year-old runner from kenya won the race. he shaved two minutes of la

. >>> a japanese phone company and sprint nextell announced a big deal.he japanese company called soft bank says it is buying a controlling stake in sprint nextel corporation for $20 billion. this could help sprint compete against its larger rivals at&t and verizon. >>> a reminder about getting ktvu news to go. download the ktvu app click on the live icon and you can watch all of our newscasts live right there on your mobile device. >>> the nhl and the locked out players union say they will resume negotiations tomorrow in toronto. the talks will come after a four daybreak following two days of meetings next week. players missed their first paycheck of the season. the lock out is now in its sixth week. the nhl had called off 82 games in the first season and more cancellations could happen if a deal isn't reached. >>> and the fog has returned to the coast this evening it broke off for a bit today. there was sunshine out there but there's still fog. some clouds in the north bay. take a peak. high clouds here in santa rosa. the reason i'm pointing out the fog

a japanese cell phone company wants to buy 70% of struggling sprint-nextel corporation. sprint is the third largest cell phone company in the u.s. it continues to lose high paying subscribers to verizon and at&t. it is valued at about $13 billion. the price of corn jumped 5% on the commodities market and ill mean higher prices for meats and other products that contain corn. throughout damaged corn for december delivery finished at $7.73 a bushel on thursday. the agriculture department expects the harvest will be the smallest in six years. the drought in the corn belt is the worst in half a century. and a penny more for your thoughts at least if you're planning to mail them the financially strapped postal service said. the price of a first class letter will go up one sent in january to 46 cents. rates will increase for other services. the postal service lost more than $5 billion last year. >> one cent isn't that bad. >>> straight ahead. your friday morning weather and in sports more late inning magic in baseball's post-season. find out who is moving on and who is going hom

. >>> a japanese phone company and sprint nextell announced a big deal.he japanese company called soft bank says it is buying a controlling stake in sprint nextel corporation for $20 billion. this could help sprint compete against its larger rivals at&t and verizon. >>> a reminder about getting ktvu news to go. download the ktvu app click on the live icon and you can watch all of our newscasts live right there on your mobile device. >>> the nhl and the locked out players union say they will resume negotiations tomorrow in toronto. the talks will come after a four daybreak following two days of meetings next week. players missed their first paycheck of the season. the lock out is now in its sixth week. the nhl had called off 82 games in the first season and more cancellations could happen if a deal isn't reached. >>> and the fog has returned to the coast this evening it broke off for a bit today. there was sunshine out there but there's still fog. some clouds in the north bay. take a peak. high clouds here in santa rosa. the reason i'm pointing out the fog

sprint/nextel needs.re operating at a loss of the last five years. 5 billion directly purchased with shares then 12.1 billion purchasing on the open market. the sprint will now have the cash to continue to upgrade its network. we spoke with a managing director at mevacor partners quote that given the cash spring of have and the potential to do something strategic, they could maintain unlimited data and we think that is more valuable every year given that consumption is doubling every 12 plants." what he is talking about we double our consumption every 12 months. only spread has the unlimited plan. over four years of they continue that coming he believes they can while upgrading the 40 systee they could be a contender against horizon and at&t. lori: the deal will have more on this. the strategy of growth out of asia china has been stalled. ashley: that is an interesting perspective. look to the energy supply within an alarming new report. lori: time to check oil. $91.57. still elevated. >> >> energy indepe

hogging the headlines or stealing the focus from the markets there following its 70% stake in sprint nextel. that's catapulted softbank's profile in the mobile network in the u.s. the financing of the deal left investors unenthusiastic. we've seen the share price of softbank dropping around 25% just in the last two trading days. 17% on friday and around 8% yesterday. >> we've seen the yen falling back against the doctor. >> we're going to keep track of those. having a look at the currency levels right now. back to you. >> thanks. ramin reporting for us at the tokyo stock exchange. now for a completely different sort of rket, the sh market. this could be good or bad. conservation experts say the bluefin population has increased. it raises fear of a return to overfishing. report by the international commission for the conservation of atlantic tuna says observers have spotted a clear cut increase in recent years. the bluefin population declined from the 1970s to the mid 2000s. the report says the population recovered as reach ratifying country reduced its catch in line with commission guidelin

wireless provider sprint nextel will have a new owner soon. a japanese company reached a deal to buy 70% of company for more than $20 billion, the largest foreign acquisition by a japanese company ever. it will bring the third largest carriers in the u.s. and japan together. the transaction is expected to be complete by next summer. >>> gas prices in california are still high but coming down a bit. currently the average is $4.59, the highest always in san francisco at $4.69. these prices up to 11 cents less than just a week ago. check out the pump patrol at cbssf.com/gas. >>> some experts warn gas prices could get worse because of increased environmental regulation. the state's low carbon fuel standard forces fuel producers to lower the carbon intensity of the gas by 10%, expected to do that by 2020. they can add biofuels but supplies are tight, making it more expensive. >> that's a far more complicated process to essentially get to the ultimate product that you want. >>> lastier a federal judge blocked the new standard, saying it interferes w

it is in advanced talks to buy majority stake in sprint nextel. then don't miss sleep train's wbest rest event.st ever? you'll find sleep train's very best mattresses at the guaranteed lowest price. plus, pay no interest for 3 years on beautyrest black, stearns & foster, serta icomfort, even tempur-pedic. and rest even better with sleep train's risk-free 100-day money back guarantee. get your best rest ever from sleep train. superior service, best selection, lowest price, guaranteed. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> vice presidential debate trading blows on everything. >> shouldn't be surprising for a guy who says 47% of the american people are unwilling to take responsibility for their own lives. >> romney's a good man p he caress about 100% of americans in this country. >> oecd chief tells cnbc spain's prime minister isn't asking for aid because there's a real fear eu leaders would diter or possibly say no. >> investors hang up on soft bank fearing its plan may be too costly. >> and a big day as jpmorgan and wells farg

. >>> japan's softbank has reportedly agreed to acquire a majority stake in sprint nextel for $20 billion. preliminary figures show the annual boost to social security benefits could be among the lowest in decades, around 1% or an estimated $12 to $24 for the typical retiree collecting an average $1,237 a month. >>> sunland is expanding an ongoing recall of nut butter to include raw and roasted peanuts. amazon kindle owners could see a drop in ebook prices and possibly even refunds on past purchases if a judge approves legal settlements of publishers accused of fixing prices. >>> apple has not confirmed the existence of an ipad mini, but according to rumors, the device will come in 16 different configurations for around $300 to $650. itunes has competition with microsoft's announcement today of a digital streaming music service for use on xbox games gone soles. xbox music will eventually be available on all windows-based devices. >>> finally, if you have 007 envy, check out this four-wheeler called the quad ski that goes from land to water with the press of a button. soon it can be yours

. >>> sprint nextel soared after a report that it could be bide by soft bank and defense truck maker oshkosh shot up on news carl icon offered to buy the company for almost $3 billion. >>> elsewhere, big changes to walmart's employee health care plan. starting next year the megachain will offer u.s. employees and their families free heart, spine, and transplant surgeries at six major health centers including the mayo and cleveland clinics. the reason, walmart believes paying more to get the job done right the first time saves on costly complications. >>> it's going to cost another penny to mail a letter next year. the cash strapped u.s. postal service will raise rates on january 27th to help offset a record $15 billion in losses this year. that means if you stocked up on those forever stamps back in 2007 when they debuted for 41 cents, you're now saving a nickel a piece. not bad. >>> finally, do you get a warm, fuzzy feeling when you see that thumbs up sign next to your facebook post. come on, we all do, right? well, some creative students at m.i.t. have taken that a step further des

japan will pay $21 billion to buy a 70% take in the cell phone company sprint nextel.s the largest foreign buyout ever for a japanese company. the deal still needs to be approved by u.s. regulators. >> a peanut recall expands this morning. it's out of new mexico and first recalled it's peanut butter because of an outbreak of salmonella poisoning. now they're adding raw and roasted peanuts to the list. the products are sold at trader joes. gas prices in california are still high but they are coming down by a few cents. here's a look at the current average for a gallon of regular in the bay area. 459 in san jose, 460 in oakland and the highest is in san francisco. these prices are as much as 11 cents less than a week ago t. find the cheapest gas prices in your area check out pump patrol on our website best story of the day. a man's plunge lands him in the record books. l he goes. he took off in a hot air balloon yesterday in new mexico. he went up 24 miles but there was a little trouble. he went into a potentially cat of thetic flat spin but did regain control. he was th

sprint nextel shares surged 14% on merger talk japanese cellphone maker softbank is considering taking a 75% stake in sprint. sprint has been in deep debt for the last seven years. softbank is one of japan's biggest cellphone makers. sprint closed at $5.76 on thursday. ending benefits for retirees is the latest plan by kodak to emerge from bankruptcy. health, life, survival and dental insurance will all stop by the end of the year for 25,000 employees with a judge's approval. kodak would wipe a reported $1.2 billion in obligations off its books. in exchange, the company would give the retiree committee an estimated $7.5 million or possibly more to cover some costs. more companies are taking the plunge into public territory. ipo activity has risen 5.4% this year. this week, real estate giant realogy, owner of coldwell and century 21, debuted on the markets. it's the largest real estate ipo ever, and yesterday shares began trading on the higher end of the ipo price range. meanwhile, online photo site shutterstock priced in at 17 dollars, exceeding its 13- to 15-dollar range. intercept ph

japanese telecomm company softbank is snapping up sprint nextel. softbank will shell out $20 billion to acquire the wireless carrier. around $12 billion of that will help lift sprint out of debt. the acquisition will result in a subsidiary called "new sprint." sprint's current ceo will remain on the job. shareholders still have to approve the deal. pizza hut is changing the rules of its presidential debate stunt. the pizza chain is offering a pie a week for 30 years or a check for around $15,000 to anyone posing the question "sausage or pepperoni?" to president obama or republican candidate mitt romney during tonight's live townhall debate. there was backlash. now, the company is attempting to move the promotion online for a drawing. it's billed as the million- muppet march on capitol hill. sesame street characters are called to join a march november 3rd in protest of mitt romney's plan to cut funding to pbs. the presidential candidate lit up facebook and twitter with comments following the october 3rd debate. romney said he "loves big bird" but wou

carrier sprint nextel saying that it is not going to actually issue anymore shares to finance that. investors and share prices in soft bank really took good cheer out of that. we did see it raising 9.5% yestery. however, it did decline around 20% in the two previous days. a bit of volatility will track soft bank today as well. yuko. >> there is a lot of focus on spain and the possible request for a bailout. >> a lot of focus on the euro and spain of course and the bet is that spain may actually ask for a bailout which will mean the european central bank can step in and buy spanish bonds which will push bond yields down and help spain to finance some of its funding. let's have quick look at th cuency levs now as well and you can see the dollar/en78.82 to 86 and the euro/yen 103 to 35. should be good for exporters as well. another focus is the presidential debate going on now and the focus on the u.s. economy. yuko, back to you. >> thanks, ramin. japanese business leader and the french foreign minister agreed that a free trade deal between japan and the european union would spur econo

. >>> in deal news, japan's softbank has reportedly agreed to acquire a majority stake in sprint nextel $20 billion. the boost to social security benefits could be among the lowest in decades, around 1%, or an estimated $12 to $24 for the typical retiree collecting an average of $1,237 a month. >>> sunland, the new mexico company connected with an ongoing recall of nut butter to include raw and roasted peanuts. amazon kindle owners could see a drop in ebook price and possibly even refunds on past purchases if a judge approves legal settlements of publishers accused of fixing prices. >>> apple has not confirmed the existence of an ipad mini, but according to latest rumors, the device will come in 16 different configurations for around $300 to $650. itunes has a new competition with microsoft's announcement today of a new digital streaming music service for use on x-box cons consols. xbox music will eventually be available on all windows-based devices. >>> finally, if you have 007 envy, check out this four-wheeler called the quad ski that goes from land to water with the press of a button

carrier, sprint nextel. he revealed his intentions in an exclusive interview with nhk. >> translator: as we grow as a global firm, we can make our management stronger, firmer, and larger. this will lead to more capital investment for the next generation. it will enable us to provide better services including easier connections at higher speeds with lower charges. >> son said both softbank and sprint sell apple's iphones and both want to improve their high-speed lte wireless services. these were some of his main reasons for the recent buyout decision. son said he wanted to enhance softbank's competitiveness by accelerating capital investment. he said he wants to increase the firm's procurement ability for new telecoms equipment by taking advantage of scale. the softbank chief added the company intends to implement in the u.s. market the firm's accumulated know-how on smartphone sales and infrastructure improvement. softbank announced on monday it will pay about $20 billion to buy 70% of sprint shares. the pur

. $20.1billion is how much japan's soft bank will pay to take over 70% of sprint nextel. it still needs approval from sprint shareholders and regulators in the u.s. social security recipients will get a cost of living increase of 1 to 2% next year, the smallest increase in 37 years. every month 56 million people receive benefits. cost of living adjustments are based on the federal government's measure of inflation. back to you. >>> this is pretty cool. there could be amphibious vehicles zooming around us soon? >> they are coming to a road or pond near you. one area is releasing the quadski by the end of this year, a one-person vehicle that doubles as a personal water craft. for about $40,000 you can have one, complete with a bmw engine and to take it into the water, the driver presses a bulletton and in five seconds the wheels fold up and tuck into the side. >> coming to a james bond movie near you. thank you. >>> fearless free fall. why a record-breaking jump didn't go out of without a hitch. >> a northern california deer on the verge of drowning, tricky rescue by land, a

. >> a japanese corporation has agreed to buy 70% of sprint nextel for $70 million. this still gives the sprint more money putting them in a position to compete with at&t and verizon but no word on how this will affect customers. >> pretrial hearing starts today in guantanamo bay for five men planning or helping to assess the 911 attacks. the families were invited to military installations to watch and closed circuit television. >> and howard county, a 83-year- old charles turner left his home yesterday afternoon and has not been seen since. he has dementia and please contact police if you know where he is. >> there was a three-alarm fire at the manassas self storage facility. four units were damaged. we're still waiting for an update as to the amount of damage and no word on how that fire started and there were no injuries. for more on the stories, go to our website, wjla.com. >> for more on what to expect from the forecast, let's check in with jacqui jeras. >> a warm start this morning and cloudy but things will be changing. don't leave home without your umbrella. b

telecoms giant sprint nextel. and it turns out it's not the hydrocarbons but a fast growing middle class and hands a booming consumer market that attracts most foreign companies to brush up and five years since the start of the crisis this trend is stronger than ever that company called the has all the details. the middle class in russia has tripled over the last five gives. to more than ten million households not so many but each pulse of a hand has substantially moved buying power than the average in china brazil even did a survey of a kid child p.r. agency based on the piano all three hundred forty the best will reveal if these russian confused attracting investors to the country and many people from outside think that the most attractive feature is the resources of oil that's the third and has actually gone down slightly interactiveness the most important one though is the growing in the wealth of the middle class and so that move from second position to first and for the best or see the middle class in the gr

telecoms giant sprint nextel. and what we're seeing in the currency market is the dollar is edging higher to the euro this tuesday the russian ruble and monday's trading session mixed to the currency about scat and local equities and of the day in the red. more than a third of a percent will bring in the latest figures as soon as the russian markets reopen in less than one hour's time for shows a top ten lender a problem says bank has decided to postpone its half a billion dollar i.p.o. the bank plan to list up to twenty five percent in moscow and then london but it said it will wait for more favorable market conditions. and shortly al gore north asked the head of the collective security organization that there is any truth to the rumors that russian troops could be sent to afghanistan after the nato force pulls out. download the official application so choose your language stream quality and enjoy your favorites from our time t.v. is not required to watch on t.v. all you need is your mobile device watch our t.v.

japan's third largest mobile carrier, that would be softbank is taking a 70% stake in sprint nextel foobillion dollars, some serious money there. okay, nicole, where is sprint this morning? >> that's serious cash and we're seeing sprint up once again up over 1% right now for the last three months, sprint has been on a tear to the upside. it's up about 70% or so, over three month's time and this, that we're seeing today here, stuart, this is the largest ever acquisition of japanese firm for the u.s. company and this one, we're talking about is 20 billion dollars. stuart: well, 20 billion dollars is somewhat cheaper to japan because of the strength of the yen. so, they're using a very expensive valuable currency to buy a very cheap currency, the dollar. but, i believe that softbank's shares are down about 5%. now, can you explain that? >> well, you know, when you're the acquirer and you're the one taking risks, it's often that we see that kind of action for the acquirer. so, we've seen softbank under pressure since late last week when the ball started rolling, but for sprint, it means cas

. >>> they will offer $20 billion for sprint nextel and it will be the highest price any japanese company deal with a take over. >>> and stocks have been in negative territory when they announced it was made official. general pan's nikkei closed up a half of a percent and the european stocks opened with gains. it was the worst week in four months on wall street and these are the numbers on 5 and somebody are rebounding tie. >>> it is a very important piece of south bay history. >> and it is now at its final home and you can see it on display. >>> also, get the top stories sent straight to your cell phone. get your k. your wake-up call every day on your cell phone. . >>> the student who fell out of a building, it happened on beverly drive. police say alcohol and horseplay was involved. now he suffered a serious head injury and reportedly he is in stable condition. >>> three people were hurt in an off-road vehicle that crashed. it happened yesterday afternoon. two of the victims were so badly hurt they had to be airlifted to the hospital in walnut creek. they rolled over a steep trail, stil

telecoms giant sprint sprint nextel on wall street overnight the bulls really ran the show thanks to strong september retail sales and pretty robust earnings from citi group it all paints a picture of recovering u.s. economy what it comes to currencies the dollar's edging higher to the euro this tuesday the russian ruble as you can see close the mixed to the currency basket on monday and a local equities and the day in the red of the r.t.s. shed more than a third of a percent we'll bring you the latest figures as soon as the russian markets reopen and the less than two hours and the russian equities track the oil price as they so often do they have no place to go but down since crude is a lower this tuesday but it's not the hydrocarbons but a fast growing middle class and hands a booming consumer market that really attract foreign companies to brush up and five years since the start of the crisis it's stronger than ever that's how difficult explains. the middle class in russia has tripled over the last five years to more than ten million households not so many but each pulse of a han

market right now. >> do you think they are then going to load up -- is sprint nextel going to keep the acquisition plans its has for clearwire and others? is it going to bulk up even more? >> sprint nell text will have a bit of cash. $8 billion cash with this soft bank owing acquisition. 70% stake. so that will leave sprint and it will be interesting how sprint will be using the $8 billion. my bet is that sprint will be looking to be more aggressive. they can use to be more aggressive on the clearwire acquisition. so i would think they would be a bit more aggressive on the upcoming spectrum auction. >> where do you think it creates opportunity throughout the rest of the sector, as well? who else may benefit or potentially be opportunistic here? >> i think the u.s. telecom industry. the way it was emerging, smaller players were not really make much head way. so with this acquisition, now sprint has some leeway and it will be interestediing to see i the next few quarters. i think at&t, verizon and sprint can make a big head way now so that will be interesting for the u.s. consumer in gen

talk that sprint nextel has a possible buyer for controlling stake in the company. berg one of japan's big cell phone companies reportedly in talks with sprint for 2/3 of the company. they would pay more than 19 billion dollars according to japan's nikkei newspaper. sprint shares big percentage wise gain. possibly considering making a bid for metropcs. a lot going on there. higher start to things on wall street. we had a bigger than expected drop this weekly jobless claims. that is contributing to the bullish tone on wall street. however, we are in political season labor economist said they did report numbers so that may distorted what we saw at any rate the market is bouncing back from four straight losses. bloomberg index is a little higher. shares of hewlett-packard, at the top of the word's largest pc maker has ended. after the slow yesterday after china's group is now number one. upscale hilton hotels going down market. the chain developing three new restaurant concepts, made market, features pastries, pizza and beer, herb in kitchen with gormet food market-like

wireless market may be in for a big shake up, sprint nextel admitting it's in talk was a japanese carrier south bank that wants to buy a stake in sprint, maybe 75%. this is a deal that would give japan's number three mobile company a way into the u.s. market and giving sprint much-needed financial support as it continues to battle at and t and verizon. the news comes just a day after sources told us sprint is holding off on a rival bid for metro pcs which agreed to combine a couple days ago with t-mobile usa. news of south bank talks sent sprint shares soaring up about 14%. and amd is cutting its third quarter revenue forecast predicting revenue will fall about 10%. more than 1% it had forecast. the company said weak demand across product lines due to broader economy. shares fell in after hours trading and amd results third-quarter results next week, google is reportedly expanding new york city offices. the search engine is poised to lease 94,000 more square feet of space over in chelsea market area across the street from google's current manhattan headquarters where it occupies 650,000 s

. >>> japanese cell phone company soft bank corporation wants 70% of sprint nextel. e third largest cell phone company in the u.s. it continues to lose high paying subscribers to verizon and at&t. the deal is valued at about $12.8 billion. the news sent sprint shares to the highest level in more than four years. back to you. >> i think it's one of the best bargains ever. you put a letter in a mailbox and for less than 50 cents is goes somewhere he is. but i guess it's going up , huh? >> that's right. u.s. postal service says the price of a first class letter will go up a penny in january to 46 cents. it's also introducing a global version of the forever stamp which will allow customers to send a first class letter anywhere in the world for $1.10. last year they lost $5 billion. >> thank you, erica. >>> are we going over to solyndra now? bay area solar company solyndra may not get the reorganization it pro prosed. attorneys for the irs and department of energy asked a bankruptcy judge to reject the plan. thers says the plan's main purpose is tax avoidance. there is a h

. >>> up next, david faber has the latest details on the softbank/sprint/nextel deal. is up on the incoming news and the group's quarterly economic survey a first on cnbc interview. later citi earnings released at the top of the hour. we'll talk about the big banks and future of the financials with our guest jim reynolds of loop capital markets. the sweet spot that powers sound decisions. duff & phelps financial advisory and investment banking services. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some r

japan's third largest carrier is in talks with sprint nextel. they are rallying on the news that an investment might help sprint compete with verizon. >> for the first time in 30 years, wendys is getting a makeover. the fast food giant updating their logo with a modern lettering and older looking wendy. she still has her pigtails. >> where's the beef? that slogan will last forever. thanks for checking in. >>> in this week's wednesday's child, we meet a boy who has been in foster care most of his life. he's made a lot of progress. we can imagine how far he can go with a family that truly cares. you know that song? ♪ ♪ pop goes the weaz l." >> this is one of his favorites. i almost got him to smile. angel, who is 3 years old loves to dance to whatever is playing from one of the toys in his foster home. >> angel came in care january, 2010 due to medical neglect. he's been in the system for almost two years. angel is a delightful little boy, energetic and active. he has the hopes of global delays, he doesn't let it interfere with day-to-day life. he