Top Of The Morning News: Tuesday, October 16, 2012
Company leaders and workers react to Sprint’s $21 billion deal with SoftBank. This summer’s drought dragged down pumpkin production. That and more news from KCUR.
Positive Reaction From Sprint CEO And Employees To SoftBank Deal
If regulators and shareholders approve the deal, Japanese company SoftBank will buy a 70% share in Overland Park-based Sprint Nextel. SoftBank will pay $12.1 billion dollars for the Sprint stock, and make another $8 billion available for the cash-strapped company to spend, or pay off debt. Find out more here.
Drought Leads To Smaller Pumpkins And Higher Prices
Many shoppers will pay higher prices for pumpkins this fall as this summer’s drought continues to take its toll on local growers. Pumpkins are often considered a drought resilient crop, but the combination of extreme heat and low rainfall have taken their toll on pumpkins. Read more here.