NEW YORK (
become the third U.S. carrier
(AAPL - Get Report)
iPhone, according to the
Wall Street Journal
The nation's third-largest carrier will begin selling the new version of the phone, called the iPhone 5, in October. The decision will provide a much-needed
boost to Sprint,
which has struggled with customer defections as users have shifted to other carriers.
Shares of Sprint jumped 2.8% in pre-market trading Wednesday to $3.69.
(NOK - Get Report)
announced cheaper smartphone models
Wednesday in an attempt to tap into emerging markets. Rumors say that
Apple, too, is working on a less expensive version of the iPhone.
Shares of Nokia fell 0.5% to $6.09 in pre-market trading Wednesday.
rolled out several new privacy features that make it easier for users to choose who they share information with. Facebook users will also be able to pre-approve photo "tags" of themselves before they are broadcast to the network.
The changes come as a response to
rival Google + network, which allows members to target smaller groups of users when posting information.
In other Facebook-related news, a group of parents in New Jersey are collaborating with the American Civil Liberties Union to sue the city of Newark for failing to make public how Facebook founder Mark Zuckerberg's $100 million gift to the struggling school system will be spent. The group is looking for e-mail correspondence between Newark mayor Corey Booker and Zuckerberg.
founders Evan Williams and Biz Stone -- who left the microblogging site earlier this year to build a start-up lab -- unveiled their first new product Tuesday:
, an app that helps users achieve goals. The duo said they are interested in creating and investing in technology that improves the world.
--Written by Olivia Oran in New York.
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