Samsung slashes third quarter profit estimate by a third after pulling plug on Note 7

Samsung slashes third quarter profit estimate by a third after pulling plug on Note 7

SEOUL (Reuters) – Samsung Electronics Co slashed its quarterly profit estimate by a third on Wednesday, soaking up a $2.3 billion hit from ditching its flagship smartphone in what could be one of the costliest product safety failures in tech history.

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Sprint plans to raise $3.5 billion via sale, lease-back of airwaves

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(Reuters) – Sprint Corp , the No. 4 U.S. wireless carrier, said on Wednesday it planned to raise an initial $3.5 billion by mortgaging about 14 percent of its wireless airwaves.

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