There could be upside for cell tower operator Crown Castle (CCI) in an expected network upgrade announcement by Sprint (S), but how much upside is unclear. The next phase in Sprint’s 4G network upgrade will likely use small-cell technology, an approach Verizon Communications (VZ) has also taken. Verizon’s plans include tapping unlicensed radio spectrum, as IBD has reported. Wireless firms generally use large cell towers across the U.S. to whisk
PayPal’s acquisition of Xoom (XOOM) for $890 million late Wednesday puts it into competition with Western Union (WU) in international money transfers and builds on its earlier purchase of Venmo, a person-to-person mobile app for millennials. PayPal, which will be spun off on July 17 by eBay (EBAY), agreed to acquire Xoom for $25 per share in cash. The deal is expected to close in Q4 and will be “slightly dilutive” to PayPal’s non-GAAP earnings per
Offshoring decimated U.S. manufacturing, but technological and economic changes combined with advanced robotics are shepherding the opposite trend — reshoring. A growing number of U.S.-based factories are using advanced robots — cheaper, smarter and more flexible — to produce goods in the U.S. faster and of higher quality compared with Chinese factories, some say. Companies that bring manufacturing back to the U.S. or that forego outsourcing for