Sprint to Drop 'Nextel' Name, Says No Lay-Offs Planned
Sprint has revealed via filings with the Securities and Exchange Commission that it is not planning to lay off any employees as part of its financing deal with Japan's Softbank. Softbank announced last month its intent to purchase a 70% stake in Sprint. Sprint does not expect that there will be any material changes for its existing employee base as the transaction takes place. Also in the SEC filings, Sprint said it intends to officially drop "Nextel" from its legal name (Sprint Nextel Corporation), and will use just "Sprint" (Sprint Corporation) moving forward. Sprint and Softbank expect the transaction to close by the middle of 2013.
May 22, 2018
Google today provided more information about business features baked into Android P. To start, Android P makes it easier for businesses to set up, manage, and keep separate work and personal profiles.
Oct 3, 2016
Facebook today announced Marketplace, a dedicated place for people to sell and buy goods in their local community. Marketplace is an evolution of swap-and-sell services that have sprung up within Facebook Groups over the last few years.
Jun 18, 2019
Facebook today announced Libra, a new digital currency that aims to combine the best features of other cryptocurrencies in order to be more consumer-friendly. The currency will be administered by the Libra Association, a new non-for-profit based in Geneva.
Jul 18, 2016
SoftBank today announced plans to buy ARM Holdings for $32 billion. SoftBank runs one of Japan's largest wireless networks and is the parent company of Sprint in the U.S., while ARM designs and licenses the Cortex-branded mobile processors often found in today's smartphones and tablets.
Jan 15, 2018
SoftBank Group, the parent company of Sprint, is weighing whether or not to offer shares in its own Japan-based wireless company. Under the direction of CEO Masayoshi Sun, SoftBank has transformed itself in recent years into an investor in technology companies.