LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Sprint to gain control of Clearwire without acquisition: WSJ
NEW YORK |
NEW YORK (Reuters) - Sprint Nextel is negotiating a deal with its partner Clearwire that would give Sprint control of Clearwire without an acquisition, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Sprint (S.N) holds a 48 percent stake in Clearwire (CLWR.O) and is negotiating with other shareholders to gain control of the company, according to the report.
The deal would give Softbank 9984.TO, the Japanese company that is set to buy a 70 percent stake in Sprint, access to Clearwire's reserves of broadband spectrum, the report said.
(Reporting by Emily Flitter; Editing by Gary Hill)
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