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Sprint gets waiver from Softbank to talk with Dish Network evaluate offer

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OVERLAND PARK, Kan. – Wireless company Sprint Nextel Corp. says it can now let Dish Network Corp. see its books and talk with Dish to see whether its competing offer to buy Sprint is better than its current deal with Japan’s SoftBank.Sprint said late Monday that SoftBank had waived provisions of its deal with Sprint that will allow Sprint to talk with Dish.SoftBank currently has a $20.1 billion deal with Sprint to buy 70 per cent of the company. Dish last month offered $25.5 billion for the whole company.Softbank says it brings expertise and cash to Sprint. It says it still wants to close its deal by July 1.Many Wall Street analysts view Dish’s bid as superior but risky, as it will result in a combined company with high debt. by The Associated Press Posted May 21, 2013 6:37 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Sprint gets waiver from Softbank to talk with Dish Network, evaluate offer read more

Trump declares emergency as Hawaii braces for hurricane

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Satellite image of hurricane Lane (CNN photo)HAWAIIAN OCEAN VIEW, United States (AFP) — Hurricane Lane drenched Hawaii Thursday ahead of its arrival in the island state, prompting US President Donald Trump to declare a state of emergency as landslides and flash flooding left roads blocked.The National Weather Service said Lane — located about 200 miles (320 kilometres) south of Hawaii — remained a powerful hurricane, packing winds in excess of 130 miles per hour, although it was downgraded to category three mid-afternoon local time.The eye was expected to sweep very close to or over the islands, 2,000 miles southwest of the mainland US, sometime later Thursday.Up to 12 inches of rain had already fallen before dawn, according to federal authorities, with 30 inches expected in the worst-hit areas over the coming four to five days.“Someone once told me it wasn’t raining when Noah built the Ark,” American Red Cross vice-president Brad Kieserman told a news conference in Washington.“That means that readiness is important — readiness to make sure we can fulfil our responsibility and the critical infrastructure lifelines.”Emergency teams have set up 16 evacuation centres, with a further 19 due to open throughout the day, authorities said, as Trump urged Hawaiians to hunker down and prepare for the worst.“Our teams are closely coordinating with the state and local authorities. You are in our thoughts!” Trump tweeted.Brock Long, chief of the Federal Emergency Management Agency (FEMA), said: “We are extremely concerned about the potentials for inland flooding, landslides occurring and damage to the transportation, communications infrastructure.”Residents across the state were stocking up on water, food, gasoline and emergency supplies as Lane drew nearer.“Last couple of days it’s been like this — it’s been busy,” said Chris, an employee at a gas station in Haleiwa, on the north shore of Oahu island — the location of the capital Honolulu.“We have been just constantly getting cars filling up. Everybody is in a panic mode right now — everyone is filling up gas, gas cans, propane cans and all that.”Landslides and flooding caused by the first rainstorm partially blocked several roads on Big Island, according to local media.Sea levels were expected to rise as much as two to four feet above normal tide levels, causing coastal erosion and prompting a storm surge and “large and destructive waves.”United Airlines announced it had cancelled all Friday flights to and from Kahului International Airport on Maui, the second-largest island.Honolulu authorities said they were planning to activate a three-minute island-wide outdoor siren warning system at 4:00 pm to alert the public to the possibility of severe flooding. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedStorm bears down on Florida, hurricane threatens HawaiiAugust 31, 2016In “World”‘Life-threatening’ Hurricane Florence closes in on US east coastSeptember 13, 2018In “World”Florida braces for lethal floods as hurricane nearsOctober 9, 2018In “World” read more

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