UPDATE 1-SoftBank on course for record profit, expanding online empire

Newswire

* Softbank forecasts record 1 trln yen oper profit for year to March 2014 * CEO Son acknowledges tough competition for Sprint, no details on plans * Alibaba IPO seen giving SoftBank leeway in ambitious expansion plans By Mari Saito TOKYO, July 30 (Reuters) - Japan's SoftBank Corp is on course for a record annual profit after first-quarter earnings doubled and its billionaire founder looks to expand his Internet ...

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