Market Focus

Sprint

Sprint is reportedly planning major cost cuts. According to the Wall Street Journal, the wireless carrier could save $2.5 billion costs. The costs cuts will result in job reductions. The company currently employs over 31,000 people. Shares rose almost five percent to $4.25.

Mondelez

The snack maker Mondelez is exploring a sale of several of its European businesses, that’s according to a Reuters report. The company’s cheese and grocery business in Europe could fetch around $3 billion in a sale. Shares rose three percent to $43.56.

Novocure 

Novocure made its Wall Street debut today. The company, which makes a device to treat a form of brain cancer, priced its offering below the expected range. Shares were off almost 17 percent to $18.28.

United Airlines 

United Airlines saw its shares fall as a union for maintenance technicians says the airline is dragging its feet in stalled talks. The union has been in negotiations with the carrier since November of 2012. The stock was off more than two percent to $51.76.

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