Business Latest News: Morningstar Says Clients' Credit Card Data May Have Been Leaked

Wochit 1:11 mins

Investment research firm Morningstar Inc said personal information, including credit card details, of about 2,300 users of its Morningstar Document Research service may have been compromised due to a security breach last year. The Federal Communications Commission on Friday announced its official approval of two related deals by Sprint Nextel Corp, SoftBank Corp and Clearwire Corp. The regulatory approval was the last hurdle for SoftBank's $21.6 billion bid to buy 78 percent of Sprint, the No. 3 U.S. wireless provider. Sprint's bid to buy out the portion of wireless company Clearwire that it doesn't already own faces a vote by minority shareholders on July 8. Shares of Dell Inc fell more than 3 percent, as investors grew skeptical that founder Michael Dell and Silver Lake Partners will raise their $24.4 billion buyout bid in order to overcome growing opposition.

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