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Exclusive: T-Mobile, Sprint make progress in talks, aim for deal next week - sources

U.S. wireless carriers T-Mobile US Inc and Sprint Corp have made progress in negotiating merger terms and are aiming to successfully complete deal talks as early as next week, people familiar with the matter said on Thursday.

Recent Business News

Wall Street much quicker to applaud Facebook than criticize it

A month of darkening sentiment around Facebook Inc among analysts was washed away in an instant when the social media's earnings report blew through even the most optimistic earnings estimates.

Tech, Facebook5:41pm EDT

Musk's 'no new capital' promise faces scrutiny when Tesla reports results

SAN FRANCISCO Investors are accustomed to the bold promises of Tesla Inc's Elon Musk, but his assertion that the electric vehicle maker will not need more funds this year has many scratching their heads. How can the chief executive deliver on his many goals without a fresh infusion of outside cash?

3:42pm EDT

Toyota to invest $170 million in Mississippi plant, create 400 jobs

DETROIT Toyota Motor Corp will invest $170 million in an existing plant in Mississippi to build the next generation of its Corolla sedan, the Japanese automaker said on Thursday.

U.S., Japan5:22pm EDT

Southwest Airlines expects bookings to drop after deadly explosion

Southwest Airlines Co on Thursday warned the consequences of a mid-air engine explosion last week will weigh on second-quarter bookings, as investigators continued to probe the events that led to the first passenger death in the airline's history. | Video

4:30pm EDT

Wall Street seeks rule changes to encourage IPOs, staying public

NEW YORK/WASHINGTON Wall Street lobby groups urged U.S. policy makers and regulators to revamp rules to encourage more initial public offerings and to reduce the regulatory cost of staying public, in a white paper issued on Thursday.

4:32pm EDT

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