The daily business briefing: December 29, 2016

Trump touts Sprint plan to add American jobs, U.S. stocks struggle after S&P 500's worst day since elections, and more

The Sprint logo in New York
(Image credit: DON EMMERT/AFP/Getty Images)

1. Trump touts Sprint plan to bring 5,000 jobs to U.S.

President-elect Donald Trump on Wednesday announced that Softbank Chief Executive Masayoshi Son had promised to move 5,000 jobs at Softbank's telecom Sprint from other countries to the U.S. Trump also noted that Sofbank-backed satellite startup OneWeb would create 3,000 jobs. Sprint clarified that the jobs were part of Softbank's previously announced plan to create jobs, and that only some of its new jobs would be moved from abroad, while the rest would be newly created positions. Trump's announcement came after the latest in a series of direct talks he has had with corporate CEOs on boosting U.S. employment.

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