ORGANIZATION

T-Mobile to spend up to $3B on saying bye to Sprint

The Bellevue, Wash., company said it would spend $2.5 billion to $3 billion before taxes folding the stores, employees and network infrastructure it acquired from its one-time competitor into the new business. The company spent about $1.9 billion on such expenses last year.

Ford F-150 production hit by chip shortage

Ford will cut the number of shifts at the factories that produce its best-selling F-Series trucks for one week due to the global semiconductor chip shortage affecting the auto industry.