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Weeks after meeting with Sprint Corp. Chairman Masayoshi Son, President-elect Trump announced Wednesday that the wireless phone company will soon move thousands of outsourced manufacturing jobs back to the United States. "We have some very good news," the incoming Republican president told reporters outside his beachside resort in West Palm Beach, Fla., Wednesday afternoon. "Because of what's happening and the spirit and the hope, I was just called by the head people at Sprint and they're going to be bringing 5,000 jobs back to the U.S. They're taking them back from other countries."

SoftBank Group Corp. Chairman and Chief Executive Masayoshi Son said Tuesday he would invest $50 billion in the U.S. and create 50,000 new jobs, following a 45-minute private meeting with President elect Donald Trump. The Japanese billionaire, whose conglomerate controls Sprint Corp., announced his investment plans in the lobby of Trump Tower, though he didn’t provide details. Mr. Trump took credit for the investment, saying his November victory spurred SoftBank’s decision. In an interview, Mr. Son said the money will be coming from a $100 billion investment fund that he is setting up with Saudi Arabia’s sovereign-wealth fund and other...

ABC News Verified account ABC 49 seconds ago Trump announces that Masayoshi Son, CEO of SoftBank, has agreed to invest $50 billion in U.S., create 50K new jobs.

SoftBank Group Corp founder and chief executive officer Masayoshi Son is planning to meet with President-elect Donald Trump in New York on Tuesday, a person with direct knowledge of the matter said. Mr Son, 59, has no specific agenda but wants to meet Mr Trump as an investor in the US, including in wireless operator Sprint Corp, said the person, who asked not to be identified because the matter is private. Shares in SoftBank rose on the news, climbing 2.5 per cent to 6,975 yen in Tokyo, their highest since Aug. 31. The Japanese billionaire is in the process of...

Softbank reaches $20B deal to buy Sprint Nextel Japanese mobile carrier would get 70 percent of Sprint if agreement goes through; Sprint would be tougher rival of Verizon, AT&T Updated 5:10 a.m. ET TOKYO Tokyo-based mobile phone company Softbank Corp. has reached a deal to acquire 70 percent of U.S. wireless carrier Sprint Nextel for $20.1 billion in the largest-ever foreign acquisition by a Japanese company. The deal, announced Monday at a joint news conference in Tokyo by Softbank President Masayoshi Son and Sprint Chief Executive Dan Hesse, was given a green light by the boards of both companies. It...