Sprint Announces Earnings Miss and Job Cuts

Sprint Announces Earnings Miss and Job Cuts

After announcing a loss of 19 cents per share against projections of about six cents per share, Sprint followed up with the news that in addition to the earnings miss, they would be cutting 2,000 jobs as well. Following these revelations, in after-hours trades the stock fell 7 percent. The company said that they were […]

Sprint Threatens AT&T

Sprint Threatens AT&T

Antitrust regulators are debating whether allowing wireless carrier Sprint to acquire T-mobile threatens fair competition with AT&T and Verizon Wireless. Sprint Chairman and CEO of Softbank, Masayoshi Son, is spearheading the deal. Son is currently discussing the viability of merging Sprint and T-Mobile with the Federal Communications Commission (FCC). Son reasons that merging Sprint and […]