SoftBank announced a near $1 billion share buyback and a higher quarterly profit as loss-making Sprint fared better than expected. » Read More
*Softbank to buy majority in Sprint- source. TOKYO, Oct 11- Softbank Corp, Japan's third-largest mobile carrier, is in talks to buy a majority stake in U.S. operator Sprint Nextel Corp for more than 1 trillion yen, said a source with direct knowledge of the matter, as it seeks to expand overseas.
*Softbank says eAccess deal will take it past KDDI by subscribers. TOKYO, Oct 1- Softbank Corp will acquire smaller rival eAccess Ltd in a $1.84 billion deal as Japan's No.3 mobile carrier steps up its battle for market share with its nearest competitor KDDI Corp.
TOKYO, Oct 1- Softbank Corp, Japan's No.3 mobile carrier, said on Monday it will to buy smaller operator eAccess Ltd through a share swap, aiming to complete the transaction in February.
Stocks tumbled Friday and the S&P hit a 12-year low as news of the government's stake in Citigroup and General Electric slashing its dividend stirred worry in the market.
Futures started the day lower as investors bailed out of Citigroup, then slipped further after a report showed economic growth slowed more than previously expected.
Global governments, like Japan, Sweden and possibly Russia, are stepping up aid to support ailing financial companies in order to re-instill economic growth.
NTT DoCoMo, Japan's top mobile phone operator, said on Wednesday its quarterly profit rose 45 percent after it slashed incentives on handsets, and it kept its full-year forecast for a small growth that is below market expectations.
Companies are picking up on Nintendo's motion-sensing technology, incorporating it into new electronic products, some of which go beyond the realm of video gaming.