Sprint shares tumble
218158
Sprint Nextel Corp  reported  deeper than expected subscriber losses on Friday and said it  would cut about 4,000 jobs, raising fears of a slowdown in the  U.S. wireless industry, and its stock dropped nearly 25  percent.
512128
Sprint Nextel's breakup with some customers may not be popular, but it could make financial sense.Images: Sprint's Dear John letter
437968
Sprint Corp.  on Tuesday reported a wider third-quarter loss due to a writedown in the value of its long-distance business.
456089
Haute monde meets mass market. Friday saw Sprint (nyse: FON - news - people ) shares open higher and Nextel Communications (nasdaq: NXTL - news - people ) slide as the market digested news of a possible merger between the telecommunications firms.
660038
VODAFONE faces losing its last opportunity to gain an independent foothold in the US as the bidding war for Sprint, Americaâs top US mobile operator, heats up.
714465
Sprint Nextel , the No. 3 U.S.  mobile service, said on Friday it will cut about 4,000 jobs and  close about 8 percent of its stores, predicting further  pressure on its ability to attract subscribers and turn a  profit in 2008.
480215
US wireless telecommunications firm Sprint Nextel announced it was cutting 4,000 jobs Friday, saying it anticipated "downward pressure" on its profits in the coming year.
533024
KANSAS CITY, Mo. - Sprint Corp. on Tuesday reported strong sales in its third quarter, but took a loss as it wrote off $3.5 billion in value for its long-distance assets and suffered from disruptions caused by hurricanes.
558338
Symbol Technologies&#39; (SBL:NYSE - news - research) shares tumbled 7% Monday after accounting missteps tripped up the company once again.
115133
PHILADELPHIA/NEW YORK  - Sprint Corp. is close to  an agreement to buy Nextel Communications Inc. for about $35  billion in a mostly stock deal that would combine the No. 3 and  No. 5 U.S. wireless telephone companies, sources familiar with  the situation said on Friday.
316843
Sprint Nextel, suffering from a steady erosion of customers, said yesterday it is cutting about 7 percent of its workforce and closing 125 retail stores. The company's stock fell sharply, losing a quarter of its value.
422446
DECEMBER 10, 2004 (REUTERS) - Sprint Corp. is in advanced talks to buy Nextel Communications Inc. for more than $36 billion in a mostly stock deal that would combine the No.
52965
Wireless carrier Sprint Nextel Corp  plans to lay off several thousand employees to prove to investors it is serious about keeping down costs, the Wall Street Journal reported on Monday.
765925
Sprint Nextel will lay off about 4,000 employees and close about 125 retail outlets after it suffered a net loss of more than 100,000 customers in the fourth quarter of 2007, the company said Friday.The layoffs and other cost-cutting measures are expected to save the company $700 million to $800 million a year, the company said in a news release.The company reported a net gain of 500,000 subscribers through wholesale channels, growth of 256,000 Boost Unlimited users and net additions of 20,000 subscribers within affiliate channels. These gains were offset by net losses of 683,000 post-paid subscribers and 202,000 traditional prepaid users.At the end of the year, Sprint had 53.8 million subscribers, including 40.8 million customers of its traditional post-paid service.In addition to the layoffs, to come in the first half of the year, Sprint plans to close about 8 percent of its company-owned retail locations and eliminate more than 4,000 third-party distribution outlets, the company said. Sprint now has 20,000 total distribution points, including nearly 1,400 company-owned retail locations.Sprint will announce its full fourth-quarter results on Feb. 28.
50402
Sprint Nextel , the No. 3 U.S.  mobile service, said on Friday it would cut about 4,000 jobs  within the company, close 125 stores and reduce its use of  outsourced services to improve its financial performance.
565292
AT&Tâs shares tumbled after its chairman and chief executive, Randall Stephenson, said the telecom carrier is experiencing some slowdown in its consumer business segments.
399971
Weak manufacturing data and massive losses at Merrill Lynch send US shares tumbling sharply lower.