Two national cellphone carriers may soon merge to create a new wireless giant. A federal judge has cleared the path for T-Mobile’s $26.5 billion takeover of Sprint. The merger still needs a few more approvals, but T-Mobile expects to close the deal as early as April 1.
Macy’s announced it is closing 125 stores and cutting 2,000 corporate jobs. The department store chain also is closing its offices in Cincinnati and San Francisco, leaving New York City as its sole corporate headquarters. The company didn’t say how many store employees will lose their jobs, but it currently employs about 130,000 people.
Taco Bell announced Thursday it would pay some of its store managers six figures starting later this year. The fast-food chain has had seven consecutive years of sales growth at its restaurants, and it has big plans for the future.
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