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.

American Airlines Said to Buy China Southern Stake
00:04 - American Airlines is in talks to acquire a stake in China Southern Airlines, according to a statement by Asia's biggest carrier by passengers. Former American Airlines Chairman and CEO Robert Crandall weighs in on "Bloomberg Daybreak: Australia." (Source: Bloomberg)
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