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Virgin Mobile USA 2nd-quarter profit halves (Reuters via Yahoo! UK & Ireland News)
Virgin Mobile USA Inc said on Wednesday its second-quarter profit fell 50 percent and revenue declined on slower customer growth and weaker cell phone usage by existing users amid the anaemic U.S. economy.

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$291.4 million from $309.7 million. Total operating revenue fell to $317.4 million compared with average analyst expectations for $312 million, according to Reuters Estimates.

Virgin Mobile USA 2nd-quarter profit halves (Interactive Investor)
Wed 13 Aug, 2008 22:22

Sprint Nextel plans placement to raise $3B (BizJournals)
Sprint Nextel Corp. plans a private placement of about 3 million shares to raise $3 billion. (S)

(AFX UK Focus) 2008-08-06 12:13 Sprint Nextel plans to offer $3 billion in convertible preferred stock (Interactive Investor)
NEW YORK (Thomson Financial) - Sprint Nextel Corp. Wednesday said it plans to offer 3 million shares of cumulative perpetual convertible stock.