Top News & Analysis Kansas

More

  • WASHINGTON, Jan 27- Aircraft parts maker Spirit AeroSystems Holdings Inc is interviewing several candidates for the position of chief operating officer as part of a succession plan for Chief Executive Officer Larry Lawson, according to two people familiar with the matter. Spirit spokeswoman Debbie Gann said the company never commented on personnel...

  • Sprint shares soared to a session high of $3.08 before receding to $3.01 in the afternoon, still up more than 19 percent on the day. Sprint, majority owned by Japan's SoftBank Group Corp, expects to post an operating profit, before earnings and taxes, for its fiscal year ending March, reversing its previous forecast of a loss. Sprint's plan to cut about $2 billion to...

  • Sprint, majority owned by Japan's SoftBank Group Corp, expects to post an operating profit, before earnings and taxes, for its fiscal year ending March, reversing its previous forecast of a loss. Sprint's plan to cut about $2 billion to $2.5 billion in costs is on track, executives said on an earnings call. The company reported cash and cash equivalents of $2.2...

  • Shares of the company, which is majority owned by Japan's SoftBank Group Corp, rose 18.7 percent to $2.99 in premarket trading on Tuesday. Sprint posted a net loss of $836 million, or 21 cents per share, in the third quarter ended Dec. 31, compared with a loss of $2.38 billion, or 60 cents per share, a year earlier. Excluding items, the company lost 21 cents per share, beating...

  • The country's No. 4 wireless service provider said its current promotion, offering 50 percent off AT&T, T-Mobile and Verizon plans, is attracting new customers. Sprint said it now expects earnings before interest, taxes, and amortization for the fiscal year 2015 to be between $7.7 billion and $8 billion, up from its previous forecast between $6.8 billion and $7.1...

  • UPDATE 1-Sprint slashes 2,500 jobs to cut costs Monday, 25 Jan 2016 | 4:08 PM ET

    Jan 25- Sprint Corp has axed at least 2,500 jobs across six customer care centers and its Kansas headquarters as part of its plan to cut $2.5 billion in costs, a company spokeswoman said on Monday. The job cuts, mostly in customer care, also include 574 positions at Sprint's headquarters at Overland Park, Kansas, Sprint spokeswoman Michelle Boyd said.

  • NEW YORK— Cellphone company Sprint is eliminating more jobs as it seeks to cut costs and turn around its business. Sprint spokesman Dave Tovar says the country's No. 4 wireless service provider has cut about 2,500 jobs since last fall, or about 8 percent of its workforce. Shares of the Overland Park, Kansas- based company are down about 39 percent in the past 12 months.

  • Jan 25- Sprint Corp has cut at least 2,500 jobs and closed six customer care centers, the Kansas City Star reported on Monday, citing company officials. The job cuts, mostly in customer care, also include 574 positions at Sprint's headquarters in Overland Park, Kansas, the newspaper said. Sprint said in November 2014 that it would fire 2,000 employees.

  • Jan 25- SandRidge Energy Inc is exploring debt restructuring options, according to people familiar with the matter, as the heavily indebted U.S. oil and gas exploration and production company struggles with the fallout from plunging energy prices. Debtwire had reported on Jan. 13, also citing unnamed sources, that SandRidge- which produces oil and gas from shale...

  • Jan 22- Long before a natural gas storage well sprung a disastrous leak near Los Angeles, California, utilities and national industry groups were raising alarms about the danger of aging underground storage infrastructure. Jurisdiction over facilities storing gas to be transported across state lines falls to the U.S. Pipeline and Hazardous Materials...

  • Jan 21- U.S. regulators have asked a federal judge in Nevada to order a professional racecar driver and various entities he and his late brother controlled to pay more than $1.32 billion for engaging in a scheme to deceive payday lending customers. The Federal Trade Commission on Wednesday filed papers in federal court in Las Vegas seeking to force Scott Tucker...

  • BOSTON, Jan 20- Fidelity's Contrafund, the biggest mutual fund investor in Chipotle Mexican Grill Inc, said it had held onto its entire stake during the fourth quarter even as an outbreak of food-borne illness in the restaurant chain pummeled its shares. "We held steady our investment in Chipotle, a longtime holding, deciding to hang in there, based in part on...

  • BOSTON, Jan 20- Fidelity's Contrafund, the biggest mutual fund investor in Chipotle Mexican Grill Inc, held steady in the company during the fourth quarter, even as an outbreak of food-borne illness in the restaurant chain pummeled its shares. "We held steady our investment in Chipotle, a longtime holding, deciding to hang in there, based in part on management's...

  • Jan 12- The chief executive of Aetna Inc on Tuesday said the health insurer is not about to withdraw from the public health exchange market, even after losing money on the business last year. "We believe it is incredibly important, in the business we're in, that we insure all Americans," Chief Executive Mark Bertolini said. Aetna's exchange business represents 5...

  • BOSTON, Jan 12- Change your cell phone number, keep your head down and take at least six months before making any major decisions. The prize is large enough that a winner choosing the option of receiving 30 $50 million installments over the next 29 years could easily pay off the $129,579 in debt the average U.S. household carried at the end of last year, according to...

  • *Corn hits contract lows as U.S. export demand wanes. CHICAGO, Dec 28- Chicago Board of Trade soybean futures fell for a fifth straight session on Monday as forecasts for rains across Brazil's key producing region Mato Grosso eased concerns of potential yield losses in the world's largest exporter. Corn futures fell to life-of-contract lows on fears of slowing...

  • CHICAGO, Dec 24- Chipotle Mexican Grill said on Thursday it may never pinpoint what caused an E. coli outbreak last month linked to two restaurants in Kansas and Oklahoma, extending a mystery over dozens of illnesses tied to the burrito chain. Identifying a specific cause for the latest E. coli cases "really can be a challenge with the limited information that may be...

  • *Wheat near lowest since Dec 3 on stiff export competition. *Soybeans rise, snap 3 days of decline; corn at 1- week low. SINGAPORE, Dec 24- Chicago wheat held near a three-week low on Thursday, on track for its biggest weekly decline in six as U.S. exporters fail to win much business in heavily supplied global markets.

  • SYDNEY, Dec 24- U.S wheat took a breather on Thursday, lingering near a three-week low. *Wheat hit a near three-week low of $4.68 a bushel on Wednesday when the grain posted its third consecutive session loss. *Forecasts for snow in U.S. wheat-growing areas, including Kansas and Texas, added pressure to prices, traders said.

  • *Egypt buys Argentine wheat in tender. Egypt, the world's top wheat importer, bought 120,000 tonnes of Argentine wheat in a tender that highlighted the intense competition U.S. sellers face on the world market. "We saw some very steep competition out there," Rich Nelson, chief strategist for brokerage Allendale in Illinois, said about the Egyptian wheat tender.