Saying it needs to cut costs where it can, Sprint (S) is merging its business and consumer...

|About: Sprint Corporation (S)|By:, SA News Editor

Saying it needs to cut costs where it can, Sprint (S) is merging its business and consumer units, a move that will result in four top executives leaving the company, Reuters reports, citing a memo from CEO Dan Hesse. "Because of the enormous investments we’re making this year in Network Vision and in the iPhone, we need to [look] for ways to be more efficient." S +0.5% AH.