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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
pawl
  • A pivoted catch designed to fall into a notch on a ratchet wheel so as to allow movement in only one direction (e.g. on a windlass or in a clock mechanism), or alternatively to move the wheel in one direction.
The word 'pawl' probably comes from a Latin word meaning 'stake'.
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