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Business News Archive - October 15, 2012

Sprint Selling Large Stake To SoftBank

It’s official. In an early morning (for Americans) press conference, Japanese mobile carrier SoftBank announced they’d be buying 70% of Sprint for $20.1 billion.

Word of the Day
glogg
  • Scandinavian punch made of claret and aquavit with spices and raisins and orange peel and sugar.
This word comes from the Swedish 'glogg,' which is an alteration of 'glodgat,' mulled (wine).
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