AT&T Stories
Comcast profit beats forecast, but loses subscribers
NEW YORK - Comcast Corp , the largest U.S. cable television provider, posted a better-than-expected fourth quarter profit as it tightened its costs but lost subscribers reflecting stiff competition with phone and satellite companies for customers.
Excluding a $600 million writedown of its stake in wireless company Clearwire Corp and other one-time expenses, its quar...
Mobiles to have same charging socket by 2012
It said handsets would have a micro USB interface, already used to transfer pictures from digital cameras to a computer.
Wall Street edges up on stimulus bets
Stocks inched higher in choppy trade on Friday on optimism over the expected passage of an economic stimulus and government plans to shore up the housing market.
Pfizer, Wyeth announce biggest U.S. merger in three years
Pharmaceuticals giant Pfizer Inc will acquire Wyeth in a $68 billion cash and stock deal -- the biggest U.S. merger in three years -- to create a diverse health products company which executives hope will deliver stable growth to investors, the companies said on Monday.
Pfizer and Wyeth near merger: Reports
Drugmakers Pfizer and Wyeth are close to sealing a deal worth $68 billion in a cash-and-stock deal that could be announced before the markets open Monday, according to reports.
iPhone Nano coming, but not to US: analyst
Apple could be in for a significant slowdown, according to one analyst, however the prospect of a new iPhone launching this year could shore up revenues.
Verizon Picks Microsoft for Mobile Internet Search
Verizon Communications Inc. selected Microsoft Corp. as its partner to provide Internet services to customers concluding months of speculation.
AT&T Reveals iPhone Service Prices, Analysts Bullish; Apple Rallies
AT&T unveiled subscription prices for Apple's second generation phone on Tuesday, while analysts became bullish on the iPhone's future prospects, sending the computer maker nearly five percent higher in active trading.
Icahn's Proposal reflects 'significant misunderstanding': Yahoo
Dear Mr. Icahn:
We are in receipt of your letter with regard to your intention to seek control of Yahoo!'s board of directors.
AT&T to Boost Wireless Speeds for 3G network
AT&T Inc is testing its current wireless network to deliver faster speeds ahead of the launch of its next generation wireless standard.
Comcast Buys Plaxo for $175 Million, Source
Comcast agreed to purchase Plaxo the first innovative system that developed social networks from address books. With the acquisition of Plaxo, Comcast plans to provide its consumers social network links across all its devices including wireless, TVs and digital video recorders.
Vodafone to bring Apple iPhone to India
Vodafone India, the arm of UK based world's largest wireless telecom company Vodafone, is likely to bring the much awaited, versatile and Macintosh operating system based Apple's iPhone to India this September as per market speculations ripe in the country.
RIM to delay Launch of 3G Blackberry: report
Shares of Research in Motion Ltd. fell on Friday, falling more than 2.8 percent after a report that the it will push back the release of its 3G BlackBerry phone for AT&T to as late as August.
AT&T and Starbucks Start Offering Wi-Fi in Coffee Shops
AT&T together with Starbucks launched a nationwide rollout of Wi-Fi service at some Starbucks coffee shops starting with San Antonio.
FCC chief supports AT&T bid to waive rule
The Federal Communications Commission said on Thursday it supports a bid by AT&T Inc to waive rules which require the company to provide information on its costs to regulators.
AT&T profit jumps on wireless sales
AT&T Inc. posted a 22 percent rise in first-quarter net income on Tuesday, as strong growth at the company's wireless operations made up for its weakness in its traditional wireline business.
Northwest-Delta Deal Breakup Fee is $165 Mln; CEO Gets Retention Package
Northwest Airlines Corp. and Delta Airlines Inc., already in an agreement to merger since Monday, would need to pay the other $165 million to stop the process under certain conditions, according to a...
AT&T Cuts 4,650 Jobs in Efficiency Move
AT&T Inc, the largest U.S. telecommunications provider, said it would cut about 1.5 percent, or about 4,650 of its workforce incurring a pre-tax charge of $378 million.The company says it is th...
Microsoft hires firm to lobby on proposed Yahoo takeover
Microsoft Corp. has yet to convince Yahoo Inc. to agree to a friendly takeover, but the software company is already hiring lobbyists to help it convince regulators to let the deal hostile if it has t...
Yahoo's Letter to Steve Ballmer: Full Text
The Board of Directors of Yahoo! Inc. today sent the following letter to Steve Ballmer, Chief Executive Officer of Microsoft Corporation.
Apple Sticks to 10 mln iPhones, no Buybacks
Apple reiterated its goals of selling 10 million iPhones by the end of the year in spite of growing concerns of a slowing macro-economy analysts concerns
Sprint May Launch Unlimited Calls for $60: Analysts
Third place U.S. wireless carrier Sprint Nextel may introduce unlimited voice service for as slow as $60 per month to counterattack a wave of new plans charging $99, analysts say.
Yahoo's Jerry Yang's Letter to Employees
Yahoo rejected the unsolicited $44.6 billion takeover offer from Microsoft on Monday, saying the bid undervalued the company, putting pressure on the world's largest software company to sweeten the bid.The following is the email that Jerry Yang, Chief Executive Officer of Yahoo issued to employees:
Yahoo rejects Microsoft's bid
Yahoo Inc on Monday rejected as too low Microsoft Corp's unsolicited takeover offer, currently valued at $42 billion, putting the ball back in the software giant's court to pursue a deal. In a statement, Yahoo said its board unanimously concluded the proposal was not in the best interests of its shareholders.
Microsoft Challenges Google with $45 Bln Yahoo Bid
Microsoft Corp. made a move on Friday to bolster its Web operations against Internet search leader Google by making an unsolicited offer for Internet portal and search engine Yahoo, Inc. worth $31 per share, or $44.6 billion.
Quarter of Apple iPhones unlocked: analyst
More than a quarter of people who bought Apple Inc's iPhone are using them on wireless networks other than AT&T's, the exclusive iPhone carrier in the U.S., a stunning number that will pressure the company's business model, an analyst said on Monday.
Sprint Nextel to close retail stores; Sheds 4000 jobs
Sprint Nextel Corp. on Friday revealed its intension to close eight percent of its retail stores due to high competition and the loss of about 683,000 postpaid customers to its rivals.
U.S. Stocks Plunge On US Economic Woes
U.S. stocks nose-divided in the final hour of Tuesday trading on rising consumer debt, higher oil prices, and traders grew bearish on weak housing economic data.
Housing, AT&T Spending Trigger Stocks Plunge
U.S. stocks fell sharply on Tuesday amid various reports pointing to further weakening in the economy. A drop in home sales, reduced consumer spending at AT&T and rumors of a possible bankruptcy at leading mortgage lender Countrywide Financial contributed to a nearly 2 percent drop in the benchmark Dow Jones Industrial Average.
Paul Allen applies to bid in U.S. wireless auction
A venture led by Microsoft Corp co-founder Paul Allen has applied to bid in an upcoming U.S. auction of coveted wireless airwaves, according to auction documents released late on Tuesday.