Japan's SoftBank back in the black as investments improve
Japanese technology company SoftBank Group Corp. said Monday it restored its profitability in the last quarter as its investments improved in value. (AP Photo/Koji Sasahara)TOKYO – Japanese technology company SoftBank Group Corp. said Monday it bounced back to profitability in the last quarter as its investments improved in value. The Tokyo-based company reported a 627 billion yen, or about $6.1 billion, profit in July-September, compared with a loss of 700 billion yen in the same quarter of 2019. SoftBank said its quarterly sales rose nearly 5% to 1.35 trillion yen, or $13 billion, from 1.29 trillion yen. Japan and the Pepper companion robot, and in its SoftBank mobile carrier in Japan, the first to offer the iPhone in Japan.
Man in Miami Heat hat snatches iPhone from Sprint store
MIAMI SHORES, Fla. – A man wearing a Jordan hoodie and a Miami Heat hat stole an iPhone Thursday from a Sprint store in Miami Shores, authorities said. The incident was reported just before 6 p.m. at the Sprint store at 9400 NE Second Ave. According to Miami Shores police, the man was captured on surveillance video approaching an iPhone display case, cutting the security cables to one of the phones and running out of the store with the item. Responding officers searched the area but did not find the thief, authorities said. Anyone with information about his identity is asked to call Detective Koop at 305-759-2468 or Miami-Dade Crime Stoppers at 305-471-8477.
T-Mobile CEO John Legere in talks to take over top job at WeWork
But the man positioned to head that new company is in talks to lead another major undertaking: a rescue mission for WeWork. If he does end up at We Co., Legere would be leaving T-Mobile at a crucial time. T-Mobile's stock fell around 2.5% Monday afternoon following the news of Legere's talks with WeWork. The talks may point to the influence that Japanese holding company SoftBank, which owns a majority stake in Sprint, may have in the new combined wireless company. The merger with Sprint would make it a formidable competitor to larger wireless players Verizon and AT&T, which owns CNN.
People just received messages originally sent on Valentine's Day
Pixabay(CNN) - Text messages received overnight on Wednesday caused confusion, misunderstandings and even alarm for some recipients. The messages appear to have originally been sent on February 14, Valentine's Day, but were received more than eight months later with Wednesday's time stamp. The issue occurred across all four major carriers in the United States and affected both Apple and Android devices. Some said they received text messages from ex-boyfriends and ex-girlfriends that led to awkward conversations. The person who originally sent the text should have a record of the message in their archives.
FCC: Sprint wrongfully claimed millions in federal subsidies
Joe Raedle/Getty Images(CNN) - Sprint, the nation's fourth-biggest wireless carrier, may have wrongfully made millions of dollars from a federal subsidy program designed to make cellphone and Internet service more affordable for low-income Americans, according to the Federal Communications Commission. But Sprint was ineligible to claim the federal funds, the FCC said, because it failed to report that the customers were not actually using the subsidized service. "It's outrageous that a company would claim millions of taxpayer dollars for doing nothing," said FCC Chairman Ajit Pai. The investigation into Sprint comes at a delicate time for the company as it seeks to complete its merger with T-Mobile. "When companies abuse the Lifeline program, we should throw the book at them," Jessica Rosenworcel, a Democratic FCC Commissioner, tweeted.
OnePlus 5G smartphone is headed to Sprint
The company announced Tuesday that a smartphone from OnePlus will now run on its 5G networks. OnePlus is one of several smartphone companies owned by BBK Electronics, a Chinese company that's extremely popular in Asia. OnePlus debuted the OnePlus 7 Pro 5G in June with the launch of UK's first 5G network. The OnePlus device will join two other models, the Samsung Galaxy S10 5G and the LG V50 ThinQ, as well as a 5G hotspot device that runs on Sprint's 5G network. Sprint's 5G network is currently accessible in parts of Atlanta, Chicago, Dallas-Fort Worth, Houston and Kansas City.
DOJ approves T-Mobile's mega-merger with Sprint
Justin Sullivan/Getty Images; Joe Raedle/Getty Images(CNN) - T-Mobile's mega-merger with Sprint can move forward, the Justice Department said Friday, paving the way for an unprecedented combination of America's third- and fourth-largest wireless providers. For weeks, Sprint and T-Mobile have been negotiating an agreement with the DOJ to address concerns that the merger may harm competition. Those airwaves could help rural Americans gain access to mobile Internet, according to the Justice Department. The Sprint and T-Mobile merger would help fulfill those goals, he said. The states, Sprint and T-Mobile have agreed to a trial date of Oct. 7 in federal court in New York.