Softbank's $20 Billion Bet on the U.S.
Softbank Corp. agreed to buy a stake of about 70 percent in Sprint Nextel Corp. for $20.1 billion as Japan’s third biggest mobile-phone operator seeks growth overseas amid a declining local market.
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Merkel: German Election Will Be 'Hottest in Years'
18:43 - Angela Merkel says that Germany's election next year will be the hottest in years with her CDU Party facing challenges from both the far left and the right. She made the comments to a German TV station ahead of her party convention which gets underway in Essen today. Bloomberg's Matt Miller reports on "Bloomberg Daybreak: Europe." (Source: Bloomberg)