Banking Latest News: Sprint Shareholders Approve Softbank Deal; Last Up Is the FCC

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Banking Latest News: Sprint Shareholders Approve Softbank Deal; Last Up Is the FCC

Banking Latest News: Sprint Shareholders Approve Softbank Deal; Last Up Is the FCC
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Banking Latest News: Sprint Shareholders Approve Softbank Deal; Last Up Is the FCC

by Wochit 0:48 mins

SoftBank?s $21.6 billion deal to buy Sprint got the hearty approval of Sprint shareholders, with 98 percent of the votes at a special shareholder meeting cast in favor. This follows Dish dropping out of the bidding for the U.S. carrier, and SoftBank raising its offer. Dubai's largest bank, Emirates NBD has appointed Shayne Nelson as its new CEO. Nelson will take over when current CEO Rick Pudner leaves at the end of the year Global stocks have recovered after China's central bank eased concerns about a credit crunch in the world's second-largest economy, and U.S. economic indicators were upbeat.

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