Japanese phone company Softbank, owned by billionaire Masayoshi Son, says its net profit more than doubled in the October-December quarter from a year earlier, helped by strong sales of Apple's iPhone and iPads.

Two Americans were awarded the Nobel economics prize on Monday for studies on the match-making taking place when doctors are coupled up with hospitals, students with schools and human organs with transplant recipients.
Japanese mobile phone company Softbank has agreed to buy 70 percent of Sprint Nextel Corp. for $20 billion, according to a news report.
The Softbank Hawks of Japan's Pacific League have signed former major league pitcher Brad Penny to a one-year contract.
Yahoo appears to be getting closer to giving its frustrated shareholders something they've long wanted: a sale of the Internet company's holdings in China and Japan.
Federal Reserve Chairman Ben S. Bernanke said Thursday that he is surprised by how cautious consumers remain more than two years after the recession officially ended. But he offered no hints of further steps the Fed might take to try to boost the weak economy.
An activist investment fund disclosed Thursday that it has bought a 5.2 percent stake in troubled Web portal Yahoo Inc. and called for sweeping changes to the board.

Masa Hidaka, founder of Japan's Fuji Rock Festival, says he never gave a moment's thought - "not even one second" - to canceling it this year after the March 11 disasters scared many, in and out of Japan.
Softbank Corp., the only Japanese mobile carrier offering the hit iPhone, said annual profit nearly doubled despite suffering damage from the March 11 quake and tsunami that battered northeastern Japan.