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Last Update on October 20, 2014 07:12 GMT

IN THE NEWS: SPRINT LAYOFFS ANNOUNCED

OVERLAND PARK, Kan. (AP) -- Sprint is cutting its payroll in an effort to save its market share. The nation's third-largest cell phone carrier has cut 452 people from its headquarters in Overland Park, Kansas. The company mentioned the layoffs in a report filed Friday with the Kansas Department of Commerce. The report doesn't cover job losses outside the headquarters -- but it's believed other workers will be let go, too. Sprint says the job cuts are aimed at helping it compete better with AT&T and Verizon.

IN THE NEWS: MAN SENTENCED IN CYBERCRIME RING

TRENTON, N.J. (AP) -- A Massachusetts man has been sentenced to two and a-half years in prison for his part in an international cybercrime. Lamar Taylor was sentenced Friday in Trenton, New Jersey. He was also ordered to pay restitution of $338,649. He will also be on supervised release for up to three years after he gets out of prison. The government says the online crime ring hacked into the computers of more than a dozen leading financial institutions and the U.S. military's payroll service -- to the tune of at least $15 million. Prosecutors say Taylor, who is 38, was asked by others in the conspiracy to cash out bank accounts and prepaid debit cards opened in other people's names.

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