Updated throughout the day on the 24/7 Wall St. Wire:

Softbank may buy 75% of Sprint Nextel Corp. (NYSE: S). (WSJ)

U.S. buyers may approach BAE Systems now that the EADS offer has been pulled. (Bloomberg)

The CEO of Siemens A.G. (NYSE: SI), Peter Loescher, plans to make cuts to save more than $5 billion. (Reuters)

Douglas A. McIntyre


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