- Federal regulators are giving Sprint Nextel Corp. (NYSE: S) the approval to spin off and merge its new WiMax wireless broadband network with that of Clearwire Corp.
(Nasdaq: CLWR). In a 5-0 vote Tuesday, the FCC approved a plan to combine Sprint's Xohm network with Clearwire's WiMax-like network.
Google (Nasdaq: GOOG), Intel Corp. (Nasdaq: INTC) and a group of cable companies are investing billions into the $14.6 billion venture, which will have the Clearwire's name. - Corn Products International, Inc.