New York, NY -- (ReleaseWire) -- 10/18/2012 -- Wireless carrier Sprint Nextel Corp (S:NYSE) has acquired a majority interest in Clearwire Corp (CLWR:NASDAQ) by buying a stake from the company's founder, after a dispute with other investors scuttled a similar attempt to take control last week Clearwire shares fell more than 6 percent in early trading, as the new arrangement appears to have dashed hopes that Sprint would buy the company outright. Sprint reached the deal with Eagle River Holdings on Wednesday and now controls a 50.8 percent stake in Clearwire, it said in a securities filing on Thursday. Eagle River is the investment vehicle of Clearwire founder and wireless industry veteran, Craig McCaw. “Clearwire's spectrum is crucial to planned high-speed upgrades to Sprint's network, and its planned technology platform is similar to one already adopted by Softbank. Get the stock reports for free here: http://bit.ly/TOPPICKS
Pressure BioSciences, Inc (PBIO:OTC) announced today that two research groups have reported on the ability of the Company's Pressure Cycling Technology ("PCT") Platform to improve the detection of DNA in challenging forensic samples. The studies were presented by scientists from the Institute of Applied Genetics, Department of Forensic and Investigative Genetics, University of North Texas Health Science Center ("UNTHSC") in Fort Worth Texas, and from the Harris County Institute of Forensic Sciences in Houston Texas. The study results were presented at the 23rd annual International Symposium on Human Identification ("ISHI"), being held from October 15-18, 2012, in Nashville, TN. Get news on our top picks directly to your inbox for free here: http://bit.ly/TOPPICKS
Johnson & Johnson (JNJ:NYSE), maintained its quarterly dividend of 61 cents per share. Johnson & Johnson went to yet another new 52-week high today of $72.66. JNJ has also seen increased volume so far with over 23million shares traded and over 2 hours left in the day. Despite litigation, acquisition costs, and ongoing recall costs for children's Tylenol and Motrin eating into its bottom line, J&J surpassed analysts' estimates and boosted its full-year forecast due to robust medicine and medical device sales. Prostate cancer drug Zytiga and rheumatoid arthritis and Crohn's disease treatment Remicade provided the biggest boost on the drug side of J&J's business. For a full analysis on the best Stock alerts, click here: http://bit.ly/TOPPICKS
Save The World Air, Inc. (ZERO:OTC), announced earlier in the month that it has begun multiple proposals and feasibility studies in the marketplace and is currently collaborating with several pipeline operators regarding engineering, design, points of installation and cost benefit analysis information. STWA is currently in talks with companies around the world who have expressed an interest in STWA's AOT™ product to significantly alleviate their pipeline transportation problems. The companies working with STWA are interested in the new AOT™ Enhanced Oil Transportation Systems because the technology holds benefits to both pipeline operators and oil producers alike. The AOT™ systems allow the pipeline to reduce the friction drag within the pipeline, which simultaneously increases the maximum flow rate and reduces pipeline shutdown times and energy consumption per day. ZERO has seen increased trading starting October 1st and highs of $0.03 this month.
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