News In Brief

A new deal involving the sale of Sprint Corp. may be imminent, the German newspaper Welt am Sonntag reported. Citing sources close to the situation, it said Sprint and Deutsche Telekom AG were discussing a stock swap worth "about" $117 billion. A senior Deutsche Telekom executive confirmed only that his company was looking for an important acquisition in the US; it already holds 10 percent of Sprint's stock. Sprint appears to be available again after last week's efforts in the US and Europe to block its $120 billion merger with WorldCom.

Best Western, the international hotel chain, has ceased doing business in Myanmar (Burma) because of the human rights record and repressive policies of that country's government, reports said. The Phoenix-based company, through a Thai partner, had operated the Kandawgyi Palace, a 208-room luxury resort in Yangon (formerly Rangoon), the capital.

(c) Copyright 2000. The Christian Science Publishing Society

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK