Billionaire Masayoshi Son says his wireless Internet service can challenge U.S. cable companies with lower prices and increased speeds. The pitch probably won’t quiet regulators’ qualms about his plan to buy T-Mobile US Inc.
Seven years after selling shares to the public at the height of the buyout boom and then watching them slump, Stephen Schwarzman’s Blackstone Group LP is rewarding investors with the top gains among money managers.
Wheat posted the biggest weekly gain in 19 months amid concern that freezing weather damaged winter crops in the U.S., the world’s top exporter, while turmoil in Ukraine may delay shipments. Soybeans climbed, and corn dropped.
SoftBank Corp. Chief Executive Officer Masayoshi Son will host a presentation March 11 in Washington to discuss “the state of America’s wireless communications industry and the competitive global landscape,” according to an e-mail invitation yesterday.
Sprint Corp., the third-largest U.S. wireless carrier, lost a bid to dismiss a lawsuit by New York’s attorney general seeking more than $300 million over claims it deliberately failed to pay sales taxes.
Facebook Inc.’s $19 billion purchase of mobile-messaging startup WhatsApp Inc. is a stark reminder of how much money phone carriers are losing out on as competitors let users text and chat at no charge.