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Sprint Corporation
Bankruptcy judge approves RadioShack asset sale

A bankruptcy judge has approved the sale of more than 1,740 RadioShack stores to hedge fund Standard General, preserving some 7,500 jobs. RadioShack's bankruptcy plan calls for Sprint, the No. 3 U.S. wireless carrier, to operate dedicated "store within a store" shops in most of the locations acquired by acquired by General Wireless, a newly formed affiliate of Standard General. The ruling by Judge Brendan Shannon in Wilmington, Del., comes after a court hearing that stretched over four days following a disputed auction process that lasted almost as long last week. Shannon said Standard General's bid, valued at about $160 million, was clearly "economically...

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