- Dish Abandons Sprint Bid to Focus on Clearwire Reuters
Dish Network said on Tuesday that it would not make a new offer to buy No. 3 U.S. wireless provider Sprint Nextel and focus instead on its tender offer for Clearwire Corp.
- Fox Commentator Paid $50,000 to Tout Stock MarketWatch
Tobin Smith, a money manager who has been a fixture on the television news shows for 15 years, was paid $50,000 to tout the stock of Petrosonic Energy in an email and print advertising campaign.
- Wall Street Advances for Second Day; Fed in Focus Reuters
Stocks added to gains in afternoon trading on Tuesday, pushing the Nasdaq up more than 1 percent, as investors were optimistic about the outlook for the Federal Reserve's economic stimulus policies.
President Obama stuck an unofficial fork in the Ben Bernanke era last night.