Sprint (S) and Japan's Softbank reached an agreement in principle with the U.S. government on a plan designed to protect national security as the two companies seek to close their $20 billion takeover deal, The Wall Street Journal reported, citing people familiar with the matter. The security agreement is likely to be finalized in coming days, the Journal said. The agreement would clear the biggest regulatory hurdle facing Softbank's proposed acquisition of Sprint, the No. 3 U.S. wireless carrier.
Apache (APA - Get Report) is exploring a sale of a stake in its shallow water Gulf of Mexico assets, attracting private-equity interest as it looks to reach a $4 billion asset sale target, several people familiar with the matter told Reuters.
Chico's FAS (CHS - Get Report) is expected by analysts to report on Wednesday first-quarter earnings of 36 cents a share on revenue of $707.8 million. 4 Stocks Spiking on Big Volume
Wall Street expects Fresh Market (TFM - Get Report) to report first-quarter earnings of 44 cents a share. 5 Stocks Poised to Pop on Bullish Earnings
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