debt

Clearwire May Skip Big Debt Payment

Anton Troianovski, Matt Wirz and Joann S. Lublin, Reporters, The Wall Street Journal in Mobile on November 18, 2011 at 4:20 pm PT

Clearwire Corp. is considering skipping a big debt payment that comes due in two weeks, a decision that could prove a turning point for a company that had hoped to cover the country with wireless broadband service.

Kodak Warns It Can’t Continue Operations Without Patent Proceeds or New Debt

Dana Mattioli, Reporter, The Wall Street Journal in News on November 3, 2011 at 10:30 am PT

Eastman Kodak Co. warned Thursday that it will have trouble staying in business if it can’t squeeze more money out of its patent portfolio or raise new funds by selling debt.

Sprint Plunges on Concern Over 4G, iPhone Costs

Greg Bensinger, Reporter, The Wall Street Journal in Mobile on October 10, 2011 at 2:46 pm PT

Sprint Nextel Corp. shares fell Monday to their lowest level since February 2009 on continued concerns about the costs from rolling out a fourth-generation wireless network and selling Apple Inc. iPhones.

TrueCar Fuels Up With $200 Million in Funding and Two Acquisitions

Tricia Duryee in Commerce on September 7, 2011 at 12:39 pm PT

TrueCar, a Kelley Blue Book competitor that also sells cars online, has raised $200 million in debt and equity following the announcement of two major acquisitions.

Softbank to Sell Most of Yahoo Stake

Juro Osawa, Reporter, The Wall Street Journal in News on August 26, 2011 at 9:43 am PT

Softbank, the Japanese Internet group, said Friday it will pocket a handsome profit by repaying a $1.135 billion loan it took out from Citibank in the U.S. with most of its 4 percent stake in Yahoo Inc., which is worth around $650 million at current market value.

Pirate Pays Up: Warner Music Cashes $12 Million LimeWire Check

Peter Kafka in News on August 4, 2011 at 9:53 am PT

We knew this was going to happen, but it’s such a man-bites-dog story it’s worth noting anyway.

Barack Obama and the Mother of All #FollowFridays

Liz Gannes in Social on July 29, 2011 at 11:14 am PT

U.S. President Barack Obama spewed out a barrage of tweets today, at least one of which he wrote personally, urging voters to contact their Republican representatives and “ask them to support a bipartisan solution to the deficit crisis.”

News Byte

Mr. President, Jobs Okayed the Loan but There’s Some Kind of Exclusivity Clause

John Paczkowski in News on July 29, 2011 at 10:08 am PT

Something to consider while mulling the ongoing debt ceiling debate. Apple’s cash balance today exceeds that of the United States government. According to a Wednesday statement from the U.S. Treasury, the government has an operating cash balance of $73.8 billion, less than the $76.2 billion in cash and marketable securities Apple disclosed in its latest earnings report.

Moody’s Downgrades Nokia

Gustav Sandstrom and Arild Moen, Reporters, The Wall Street Journal in Mobile on July 27, 2011 at 10:40 am PT

Moody’s Investor Service Inc. Wednesday downgraded Nokia Corp.’s debt rating two notches, heaping more pressure on the troubled mobile-phone maker as it struggles to realign its business strategy and regain traction in the lucrative smartphone business.

Google to Sell Its First Bond

Kellie Geressy-Nilsen, Reporter, The Wall Street Journal in News on May 16, 2011 at 10:29 am PT

Google Inc. has launched its first-ever bond offering, seizing on near-record-low rates and insatiable appetite for corporate debt. The world’s largest Internet search company said the $3 billion offering will include three-, five- and 10-year portions. It is expected to be sold later today via joint bookrunners Citigroup Inc., J.P. Morgan Chase & Co. and Goldman Sachs Group Inc.