Jim Cramer explains why he is concerned about AT&T's downgrade, amid increased competition in the telecom sector.» Read More
NEW YORK, Oct 23- AT&T Inc posted net income that was a penny ahead of Wall Street expectations on Wednesday on wireless profit margins that were better than some analysts expected. Moffett said AT&T is losing market share to Verizon and its much smaller rival T-Mobile US, which has been aggressively marketing its services to AT&T customers.
NEW YORK, Oct 23- AT&T Inc posted third quarter revenue on Wednesday that was slightly below Wall Street estimates, but net income was a penny ahead as the company worked to control costs. The No. 2 U.S. mobile service provider had a third-quarter profit of $3.81 billion, or 72 cents, per share compared with $3.63 billion, or 63 cents, per share in the year-ago quarter.
NEW YORK, Oct 23- AT&T Inc on Wednesday posted quarterly revenue that was slightly below Wall Street expectations, but net income rose 4.9 percent. The No. 2 U.S. mobile service provider had a third-quarter profit of $3.81 billion, or 72 cents, per share compared with $3.63 billion, or 63 cents, per share in the year-ago quarter.
Consumer discretionary is one of the biggest winners in the S&P today. CNBC Retail analyst Stacey Widlitz and Christopher King, Stifel Nicolaus Research, discuss if this trend will continue and what sectors are hot.
*Vimpelcom signs direct sales contract with Apple. MOSCOW, Oct 22- Russian mobile phone operators MTS and Vimpelcom said they would start selling Apple Inc's new iPhone models on Oct. 25, with Vimpelcom the country's only carrier to sign a direct sales contract with the U.S. company so far.
USA Today reports Verizon has been asked by the government to improve the HealthCare.gov site, which is a key component of the Affordable Care Act.
How do you make money in these markets? Here is what some of the experts have been saying to CNBC.
Tomi Pienimaki, CEO of Jolla, discusses the company's new operating system and how Nokia's downfall has helped the company.
Oct 20- Crown Castle International Corp said on Sunday that it had agreed to buy rights to about 9,700 AT&T Inc wireless communication towers for $4.85 billion in cash. Under the agreement, Crown Castle will have the exclusive right to lease and operate the AT&T towers for a weighted average term of about 28 years.
SAN FRANCISCO, Oct 17- Google Inc's quarterly results beat Wall Street's expectations as the Internet search giant expanded its mobile business while keeping ad-rate slides in check, offsetting deepening losses from Motorola.
Guy Peddy, senior analyst for telecoms and media at Macquarie Group, talks about the KPN-America Movil deal falling through, and the resilience of BskyB in the U.K.
*Tele2 Russia seen merging with Rostelecom's mobile unit. MOSCOW, Oct 11- Russian bank VTB is to sell 50 percent of its mobile phone operator Tele2 Russia to a group of investors in a deal expected to be worth about $2 billion and which stoked talk of an eventual tie up between Tele2 and rival Rostelecom.
MOSCOW, Oct 11- Russian bank VTB has agreed to sell a 50 percent stake in mobile phone operator Tele2 Russia to a group of Russian investors, a senior executive of VTB said on Friday. A deal could be worth around $2 billion, according to valuation figures VTB gave for Tele2 Russia in its last financial report.
*Telecom Italia, TIM shares rise more than 6 percent. MILAN/ FRANKFURT, Oct 9- Telecom Italia is considering a sale of its 67 percent stake in Brazilian mobile operator TIM Participacoes in a bid to reduce its debt, said a person familiar with the matter on Wednesday.
While there are more high-profile women running top tech companies than a few years ago, women are still woefully underrepresented in the upper ranks.
*Vodacom shares drop 6 pct, MTN down 3 pct. JOHANNESBURG, Oct 7- Shares of South African mobile operators Vodacom Group and MTN Group fell sharply on Monday after the telecoms regulator said it planned to cut by 75 percent the fees they can charge rivals to use their network.
SAN FRANCISCO, Oct 3- Twitter Inc will seek to raise $1 billion in the largest Silicon Valley IPO since Facebook Inc's 2012 coming-out party, according to an IPO filing made public on Thursday. Revenue almost tripled to $316.9 million in 2012, from $106.3 million in 2011. It said about 65 percent of its revenue derives from mobile users.
NEW YORK, Sept 26- Sprint Corp is in no rush to follow the strategy of smaller rival T-Mobile US, which plans to cut back on offering BlackBerry smartphones, the chief financial officer of the No. 3 U.S. mobile operator said on Thursday.
A glitch in the Apple Maps app on newer iPhones and iPads guides people up to a runway at a major Alaska airport instead of sending them on the proper route to the terminal.
TORONTO/ NEW YORK, Sept 25- Shares in BlackBerry Ltd fell more than 6 percent on Wednesday on doubts about a $4.7 billion bid to take the smartphone maker private, and after a big U.S. carrier said it would stop stocking BlackBerry smartphones in its stores.
There are some posts on Facebook that are inappropriate to 'like.' So the company is exploring a 'sympathize' button.
Any bike can be turned into a hybrid through The Copenhagen Wheel—a motorized disk that can add effortless pedal power.
GPS will tell you how to get to the nearest Apple store. With iBeacon, Apple aims to guide you around once you're inside.