Shareholders of Sprint Nextel approved an offer from Softbank to acquire a bulk of the U.S. phone company. Now it's up to Washington regulators to approve the foreign purchase.
Global markets are down this morning on news that the U.S. Federal Reserve may not continue its bond buying program, known as quantitative easing, in the long-term.
Today Federal Reserve Chairman Ben Bernanke gives his latest economic report to Congress. His testimony comes on the same day that Japan's central bank is indicating its intention to continue stimulus measures.
Japanese entertainment and electronics giant Sony has managed to make money, not lose it for the first time in five years. The company reported a net profit of $948 million.