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Sprint (S) Stock Up on Cost Cutting Plan

NEW YORK (TheStreet) -- Shares of Sprint Corp. (S) are higher by 0.55% to $4.57 in early afternoon trading on Friday, after the wireless communications company's new CFO Tarek Robbiati announced he will cut around 10% of the company's operating costs, Bloomberg reports.

Robbiati joined Sprint about a month ago and is looking to help the company save $2 billion in operating...