Son's comments follow a report from Bloomberg that said Sprint has resumed preliminary talks about a merger with Deutsche Telekom-owned T-Mobile US Inc. (TMUS) , as Son looks for ways to build scale foe the carrier amid increasing competition in the U.S. wireless market.
3. -- Berkshire Hathaway Inc. (BRK.A) saw profit slide 15% in the quarter ended in June as the second straight quarter of insurance-underwriting losses overpowered gains at two of billionaire CEO Warren Buffett's biggest acquisitions: Burlington Northern railroad and aerospace supplier Precision Castparts.
Earnings of $2,592 a share in the second quarter came in below analysts' forecasts.
The underwriting portion of Berkshire's insurance business posted a loss of $22 million, narrower than the $267 million in the first three months of 2017 but a sharp reversal from the profit a year earlier. The dour performance was driven by a $400 million loss in Berkshire Hathaway Reinsurance Group, which provides coverage for insurers worldwide and received unexpected claims related to hurricanes and earthquakes in 2016.
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