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A report in Bloomberg says Sprint (NYSE:S) is in no hurry to take over Clearwire (NASDAQ:CLWR) and is instead focusing on closing its $ 20 billion deal with Softbank, and which could take from six to eight months. shares of Clearwater want our trading premarket at $2.27 and down almost 16%.
Diebold (NYSE:DBD) reports an EPS of $ 0.39 and revenues of about $ 710 million for its third quarter, which are short of expectations by $ 0.11 and $ 25 million respectively. The company also lowers its full-year outlook for EPS to $ 2.25-$ 2.30 and a growth in revenues of 6%.
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Russia cranks up its efforts to counter high mortality rates beyond an advertising ban and higher taxes on tobacco products. Prime Minister Dmitry Medvedev accuses Philip Morris (NYSE:PM), British American Tobacco (AMEX:BTI) and other cigarette manufacturers of inculcating the smoking habit in Russian women and children, according to a report by Bloomberg.
Coca-Cola’s (NYSE:KO) revenues of $ 12.34 billion in its third quarter are off forecasts by $ 50 million. EPS of $ 0.51 however beats by $ 0.01. Revenues are up across every region across the globe and higher by 4% year-on-year on an overall basis. Currency movements cost 7% in profits though still beverages grew 10%, and cash generated from operations is up 15% during the year so far.
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