At the Reuters Tech Summit, Trulia chief executive Pete Flint says private equity investors are starting to pull back from buying U.S. real estate, while overseas buyers are coming on strong once again. Video
NEW YORK - Dish Network Corp said it would not make a new offer to buy No. 3 U.S. wireless provider Sprint Nextel in time for a Tuesday deadline and would instead focus on its tender offer for Clearwire Corp.
WASHINGTON - Small business optimism rose to a one year-high in May, a hopeful sign for an economy that has hit a soft patch.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Softbank CEO won't rule out bid for MetroPCS: WSJ
(Reuters) - Japan's Softbank Corp (9984.T), which is set to buy a 70 percent stake in U.S. wireless carrier Sprint Nextel Corp (S.N), would not rule out making a competing bid for MetroPCS Communications Inc PCS.N, the Wall Street Journal reported.
Softbank Chief Executive Masayoshi Son told the newspaper in an interview that his company may pursue mergers with other wireless carriers if opportunities present themselves.
Sprint Chief Executive Dan Hesse, who also took part in the interview, said that a merger between Sprint and carrier T-Mobile USA was possible in the long term, but that for now Sprint was focusing on closing the deal with Softbank.
Sprint was not available for comment outside of U.S. business hours.
Earlier this month, MetroPCS and T-Mobile USA, a Deutsche Telekom (DTEGn.DE) unit, said they hoped to set themselves up as the leading provider of wireless services to cost-conscious U.S. customers by combining their assets.
(Reporting by Krithika Krishnamurthy in Bangalore; Editing by Chris Gallagher)
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