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Sprint names new CEO after dropping T-Mobile bid

By WTOP Staff

NEW YORK (AP) — Sprint’s new owner is replacing its longtime CEO after dropping its bid for rival wireless carrier T-Mobile US.

Sprint says CEO Dan Hesse will be replaced on Monday by the CEO of Brightstar Corp., Marcelo Claure (KLOW’-ray).

Brightstar is the world’s largest distributor of cellphones. It’s part of Softbank Corp. of Japan, which bought 70 percent of Sprint last year.

The Wall Street Journal reported yesterday that Sprint had decided not to pursue a merger with T-Mobile. The merger of the No. 3 and No. 4 U.S. carriers would have faced tough opposition from U.S. regulators, who want to preserve competition among wireless carriers.

In a statement today, the CEO of Softbank and chairman of Sprint said the company’s focus has shifted away from acquisitions.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Emergency guide: What you should do to prepare for emergencies

By WTOP Staff
WASHINGTON — Do you know what you'd do if an emergency hits? What if you're at work, your spouse is stuck in traffic and your children are in school? There's no way to plan for every emergency, but you can make sure you're prepared for different scenarios, including making a plan for your family and building a kit of emergency supplies.
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