Sprint to Cut 5,000 Jobs; Stock Plunges
RESTON, Va. (AP) -- Sprint Nextel Corp. reported Monday that its cell phone business suffered a net loss of 300,000 monthly subscribers in the fourth quarter and that the struggling wireless company will cut 5,000 jobs. The company's stock plunged more than 8 percent after the financial update, which included a 2007 outlook shy of many Wall Street
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