Sprint to Create, Bring Back 5,000 Jobs to U.S.

Shares of Sprint were higher on Thursday after the telecom company announced plans to create or bring back 5,000 jobs to the U.S.
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Shares of Sprint (S) - Get Report were higher on Thursday after the telecom company announced plans to create or bring back 5,000 jobs to the U.S. The announcement is part of a pledge made by SoftBank, which owns more than 80% of Sprint, to create 50,000 jobs and invest $50 billion in U.S. companies. President-elect Donald Trump, however, took credit for the announcement saying the jobs were coming to America "because of me." Along with Sprint, U.S. satellite company OneWeb, which SoftBank also has a stake in, announced it will be hiring 3,000 people.

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