Shareholders in Clearwire Corp voted to approve majority owner Sprint Nextel's buyout of the rest of the company, finally ending a massive battle for control of the small U.S. wireless ... more 
Shareholders in Clearwire Corp voted to approve majority owner Sprint Nextel's buyout of the rest of the company, finally ending a massive battle for control of the small U.S. wireless operator. SoftBank's credit has been downgraded following the FCC's approval of its acquisitions of Sprint and Clearwire, which SoftBank?said it expects to close on July 10th. Standard & Poor's cut the company's credit rating from a BBB grade to a BB+ junk rating/ Fiat Chief Executive Sergio Marchionne said the company's decision to raise its stake in loss-making publisher RCS Mediagroup was a investment for the long term. Fiat recently emerged as RCS Mediagroup's largest shareholder with the surprise announcement it will almost double its stake to 20 percent for a reported 90 million euros. Marchionne has jettisoned many of Fiat's none-core investments since his arrival at the Italian automaker. less 
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Wochit
Mon, Jul 8, 2013 4:22 PM EDT