Vivendi has closed the deal to sell its Brazilian broadband business to Spain's Telefonica for cash and shares worth nearly $10 billion.» Read More
A number of companies report earnings next week, including Gap, Sprint, Viacom, Foster Wheeler and Dynegy. This is where Cramer shows you how to play the field.
Shares of Portugal’s Media and Telecommunications giant Sonaecom rose more than 15% Friday after it increased its offer for Portugal Telecom to 12 billion euros ($15.6 billion). On Friday shares of Portugal Telecom fell 0.4%.
Britain's Vodafone Group, has agreed to buy Hutchison Essar, one of India's leading cell phone companies for $11.1billion, the company said Sunday.
Cities across the country are rushing to go wireless – it’s cheaper to install, cheaper for users than cable, much faster than dial-up and generally more cost-effective all around. Yet municipalities are running into opposition as they attempt to transform their cities into Wi-Fi hotspots.
"If the market's going up, why am I so worried?" That sounds like a question from a self-help group. It encapsulates a lot of the viewer feedback we are receiving on "Squaw Box" at the moment.
As the telecoms giant BT posts third-quarter earnings in line with forecasts and claims 34% of the broadband market, company CEO Ben Verwaayen told “Squawk Box Europe” that broadband is key to the company’s performance and future strategy.
Swedish mobile telecom equipment maker Ericsson reported a rise in fourth-quarter profit Friday, but the company's view of 2007 results was a little softer than anticipated.
Carl Icahn wants to be on the board of Motorola. But why? Well, CNBC's David Faber gave his take on the situation during "Morning Call." Whatever the reason, Motorola's stock is going through the roof today on the news (might this be the reason?), up more that 6% at one point.
Verizon said fourth-quarter earnings fell but sales rose, bolstered by growth in its wireless venture and rise in Internet subscribers.
Stocks in the U.S. are looking for direction this morning as Europe trades mostly higher and Asian stocks were mixed overnight. Lots of deal news and earnings reports are making headlines this morning, and investors await a heavy menu of economic data and a Fed meeting later in the week.
BT International President's Francois Barrault talks about maximizing growth and meeting customer needs with CNBC's Maria Bartiromo.
AT&T , now the nation's largest telecom company after closing its purchase of BellSouth, posted fourth-quarter earnings of 61 cents a share, two cents above consensus estimate compiled by Thomson Financial.
Handset maker Nokia reported fourth-quarter earnings ahead of market expectations Thursday, helped by strong demand for mobile phones in emerging markets.
Qualcomm reported earnings of 43 cents a share, just above analysts' estimates, but results were mixed as quarterly sales came in at $2.02 billion, below forecasts.
BT CEO Ben Verwaayen talks climate control and globalization on “Squawk Box Europe” at the World Economic Forum in Davos, Switzerland.The key to success is a combination of government regulation, modified consumer behavior and new technology, Verwaayen said.Verwaayen is the chairman of U.K. business group CBI's task force on climate change.
Stocks in the U.S. for now look headed to open flat to lower-- after yesterday's rocky trading. Europe is moving lower and oil is getting a lift from cold weather. Some big companies will roll out earnings reports today, to a market that has become hypersensitive to corporate earnings growth. Bank America, Johnson & Johnson and DuPont all report today.
Alberto Vollmer owns a sugar plantation and rum factory in Venezuela. In fact--he owned thousands of acres that had been in his family for some 200 years. That was until 18 months ago when the government of Venezuelan President Hugo Chavez took 2,500 of those acres--1/3 of Vollmer's total land--as part of his proclaimed "socialist revolution."
Telecommunications giant Verizon --got a bit smaller today--after announcing a $2.7 billion transaction to spin off its local exchange assets in Maine, New Hampshire and Vermont. Verizon plans to merge the assets with FairPoint Communications. This was good news for FairPoint's stock--it's been up as high as 13% today.
What do the analysts say about the recent moves by Venezuelan President Hugo Chavez to nationalize much of his nation's economy? We're updating our prior post with two guests from "Power Lunch." Thierry (pronounced Terry) Wizman is Global Emerging Markets Strategist for Bear Sterns. Peter DeShazo is Director of Americas Programs and CSIS.
Venezuelan stocks are plunging today. This comes in the wake of Venezuela's president Hugo Chavez's call for nationalizing power and telecom companies in his country. Later today on "Power Lunch" Theirry Wizman head of Latin America investing at Bear Sterns will be on to talk about what this all means for American companies (we'll update this story with Wizman's comments). But how important is what Chavez said? Is it all talk? Well--it's evidently important enough for the New York Times to make it their second editorial of the day.
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