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Dish gives up on Sprint to focus on Clearwire. Dish (DISH) has all but abandoned its bid for Sprint (S) after saying SoftBank's (SFTBF.PK) revised deal made it "impracticable" for the satellite-TV provider to submit a new offer by Sprint's deadline yesterday. Dish will now focus on its proposal for Clearwire (CLWR). It looks as if SoftBank will end up with Sprint and Dish with a big minority stake in Clearwire that it could use to obtain a 4G network/spectrum deal.

Global stocks mixed ahead of FOMC. U.S. stock futures were flat-to-higher and European shares (FEZ) mixed ahead of the FOMC's policy announcements later today, with investors seeming to be increasingly confident that the Fed won't signal the end of its QE program. "There is a lot of slack in the economy and there is no inflation pressure," says Standard Chartered's Ned Rumpeltin in explanation.

Bidding war breaks out for Kabel Deutschland. Vodafone (VOD) has reportedly raised its preliminary bid for German cable company Kabel Deutschland (KBDHY.OB) to