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Sprint raises Clearwire offer, not enough for some

By Sinead Carew (Reuters) - Sprint Nextel Corp <S.N> raised its buyout offer for wireless service provider Clearwire Corp <CLWR.O> to $3.40 per share, but the new bid was not high enough to impress some investors. Clearwire shares almost immediately traded around the new offer price, having consistently traded well above the old $2.97-per-share bid. Sprint announced the revised price just hours before Clearwire was due to hold a special meeting for shareholders to vote on the original offer.

financial crisis-govt bailout

SEOUL, May 21 (Yonhap) -- The government said Tuesday it will bail out some delinquent borrowers from the 1997-98 Asian financial crisis, as part of a policy bid to ease financial burdens of the underprivileged. Under the scheme, some 110,000 out of 2.36 million delinquent borrowers whose credit rating plummeted due to joint liabilities during the two-year financial turmoil will have their records erased by local financial institutions, according to the Financial Services Commission (FSC) and other state-run financial agencies.

Blackstone, Pactera insiders make $680 million offer

By Greg Roumeliotis (Reuters) - Pactera Technology International Ltd <PACT.O> said on Monday that Blackstone Group LP <BX.N>, together with the company's management, made a $680.3 million non-binding proposal to take China's largest technology outsourcing firm private. Pactera said it expected its board of directors to form a special committee of independent directors to consider the consortium's offer of $7.50 per share. Pactera shares surged 31.1 percent to $6.90.

Should you skip Obamacare and keep your old plan?

By Kathleen Kingsbury BOSTON (Reuters) - When the Patient Protection and Affordable Care Act, aka Obamacare, starts rolling out in October, it will overhaul how Americans get healthcare coverage. Yet many workers will feel little immediate impact. That's because almost half the 160 million Americans who received health coverage through their jobs in 2012 were enrolled in what's known as a "grandfathered" insurance plan, according to a Kaiser Family Foundation report.

TransUnion: Late-payment rate on US credit cards fell in 1Q as borrowers tackled holiday debt

LOS ANGELES, Calif. - Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt. The rate of credit card payments at least 90 days overdue fell to 0.69 per cent in the first quarter from 0.85 per cent a year earlier — drop of nearly 19 per cent, credit reporting agency TransUnion said Tuesday.

Small company stocks take limelight as Russell 2000 index climbs above 1,000 for first time

NEW YORK, N.Y. - Small-company stocks were a bright spot in a slow and choppy start to the week for Wall Street. The Russell 2000, an index of small-company stocks, climbed above 1,000 points for the first time and ended higher Monday, even as the Dow Jones industrial average, the Standard Small stocks are doing well because they are more focused on the U.S., which is recovering, and are less exposed to recession-plagued Europe than the large international companies that make up the Dow and the S

Column: Two ways to pick your summer stock retreat

By John Wasik CHICAGO (Reuters) - It used to be easy to abide by the old Wall Street nugget that you should pull out of the market in spring and come back in the fall. But research shows that it doesn't make sense to completely abandon the stock market during the summer months, particularly when it comes to individual sectors. Not all of them will decline. There are several ways to seize gains if you want to make some portfolio adjustments. Here are two approaches. GO DEFENSIVE

JPMorgan, under pressure, gives polling information to investors

By Karen Freifeld and David Henry (Reuters) - JPMorgan Chase & Co <JPM.N>, under pressure from the New York Attorney General's office, has agreed to give investors information about upcoming ballot votes, after the company that collects votes on the measures stopped giving out polling information last week.

Trade group SIFMA names ex-Senator Gregg as CEO

By Jed Horowitz NEW YORK (Reuters) - SIFMA, the securities industry's largest trade group, named former Senator Judd Gregg as chief executive officer, in a move that may signal a desire to mend fences with ordinary Americans and Congress. The Securities Industry and Financial Markets Association had been expected to give the post to interim chief executive and president Kenneth Bentsen, a veteran lobbyist, said a person close to the group.

Rockwood pigments businesses attract private equity bids: sources

By Michael Erman and Greg Roumeliotis NEW YORK (Reuters) - Specialty chemicals producer Rockwood Holdings Inc's <ROC.N> pigments businesses have attracted offers from buyout firms including Blackstone Group LP <BX.N> and Advent International Corp, several people familiar with the matter said.
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