News bites: Facebook to launch updated Graph Search feature

Facebook is unveiling an updated version of its Graph Search feature on Monday that's aimed at helping people unearth information buried deep within their social network, The New York Times reports.

The U.S. struck agreements with private companies to access fiber-optic cables that carry torrents of data across the world, according to The Washington Post.

SoftBank says it expects to complete its purchase of Sprint on July 10, Reuters reports.

Netflix has shaken up the entertainment business by becoming a financier of original TV shows and some programming that isn't as popular on network TV, The Wall Street Journal writes.