Japan's Second-Richest Man to Grab 70% of Sprint

Japan’s Softbank Corp. is near an agreement to buy a 70 percent stake in Sprint Nextel Corp. for $20 billion, a deal that would revitalize the third-biggest U.S. wireless carrier as it competes against larger rivals, according to three people familiar with the talks.
Suspensions in Trading Are Spooking Markets: Craighead
42:40 - A wave of Chinese Companies halted trading and regulators unveiled new measures to prop up the value of small-cap stocks in the latest attempt to stop the rout. Bloomberg Intelligence’s Tim Craighead reports on “Asia Edge.” (Source: Bloomberg)
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