Advertisement

Briefly

Share
From Bloomberg News

The letter S will have a new meaning at the New York Stock Exchange.

Sprint Corp. will adopt the letter as its ticker symbol after buying Nextel Communications Corp. for $36 billion, a transaction that stockholders of the mobile-phone companies approved Wednesday.

Sears, Roebuck & Co. surrendered the S symbol in March when Kmart Holding Corp. took it over. Sprint now trades under the symbol FON.

Advertisement