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
Wall Street is heading for a lower opening as some weak earnings and credit market jitters outweigh positive profit reports from companies like Pepsico and Lockheed-Martin. European markets are moving lower after overnight gains in Tokyo and Hong Kong shares.
With AT&T to report earnings Tuesday, two analysts told "Power Lunch" that the exclusive provider of wireless service for the iPhone will report higher-than-expected numbers. "I think that they [iPhones] are going to be fairly successful over the next two years," said Frank Louthan, telecom analyst at Raymond James, linking AT&T's earnings report to high iPhone sales.
AT&T reports earnings Tuesday and while the company's NYSE trading symbol is "T," in this case, "t" stands for telegraph, as in telegraphing what to expect from Apple which reports on Wednesday. In AT&T's case, the Street is looking for 67 cents on $29.61 billion in revenue. Rather than looking at the company's entire financial picture, I want to focus on the wireless sector since I'm really more interested in what all this could mean for Apple a day later.
So, earlier today, I delved into the drama gripping the blogosphere: Fake Steve Jobs and the efforts to unmask him. Now we have a fake Wall Street analyst purporting to be one of the key voices covering the company.
Amazing how a soap opera turns into a saga when lawyers get involved, but such is the case with the ongoing web mystery swirling around Fake Steve Jobs. Have you been following this? If you have, you may have seen my colleague Jane Wells' blog post yesterday about the Fake Steve Jobs, where she pointed out some of his "ramblings."
If there's going to be a buyout in telecom, Cramer says it should be Sprint.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Wireless telecommunications company Vodafone said it is not planning to bid for Verizon Communications, responding to a report it was considering a $160 billion offer.
I have been reading Runner’s World for the last 10 years or so and I have never stopped at an ad like I did when I saw this Pearl Izumi ad in their August issue. What made me stop? I thought it was so outrageous. So over the top. I read the thing four or five times and wasn’t quite sure what the point was. Was I more likely to buy Pearl Izumis from reading the ad? Were these Pearl Izumis going to help me find dead bodies? Would they give me a free pair if I found one?
Stocks are setting a positive tone ahead of the opening even as oil continues its move up. Merger news, real and rumored, dominates the Monday morning headlines.
Is it a sign that we truly are in an iPhone world or a bleak reminder to automakers that it's tougher than ever for them to impress younger car buyers? Either way, the research is fascinating. The latest data from CNW marketing shows that younger consumers (ages 16-29) rank tech gadgets like the iPod/iPhone, gaming systems, and computers as more important than a new car when it comes to impressing friends.
Someone at Cadbury Schweppes has been into the sauce. The beverage giant is teaming up with Vita Food Products this week to introduce three new BBQ sauces and marinades at the Fancy Food Show. The sauces are based on--get ready--Dr. Pepper, A&W Root Beer, and 7UP (7UP on ribs? Not right).
Back in March, when Google hired Andy Rubin, one of the founders behind the Sidekick from Danger, Inc., there was rampant speculation that the company was careening down the path toward a Google-branded cell phone. I was told by sources that he was heading up a 100-person team on this project. Since then, various Google execs have stepped forward to say there wasn't Google hardware in the company's future; but plenty of cool new software on the way designed specifically to take advantage of the wonderful world of wireless.
While most Mac geeks were worshipping at the iPhone altar this weekend, we here at CNBC got some tech geeks to dissect an Apple iPhone for us (see video below). Called a "tear down", it's when you break apart a gadget to figure out what's inside, and how much those components cost. We got one of the top companies in this field--called iSuppli-to peel apart the (Apple) gadget for us.
Hard to believe, but not everyone is buying an iPhone. In fact, 290 million Americans are probably going to take a pass. People like, well, you? Certainly people like LA commodities trader Ed Frank, who jokes, "What's an iPhone?" Frank's own cell phone gets stares, not because it's new, but because it's OLD. Really old. It's a Motorola StarTAC, which he bought nine years ago! In the last century.
As I write this, Blackstone shares are up more than 1%, but still below $30 a share and below the offering price. And the grave dancers who have been predicting the LBO boom say: See? We're right! Investors don't want to bet on Steve Schwarzman anymore. But it's hard to bet against a master dealmaker like Schwarzman--one day after the biggest LBO on record, BCE, is announced. So let's play devil's advocate here.
Shares in Debenhams closed down 0.8% as a spokesperson for KarstadtQuelle confirmed the German conglomerate held talks with the U.K. chain store Sunday, but declined comment on merger speculation.
Apple Inc.'s iPhone is celebrating its first complete weekend on store shelves and early reports suggest blockbuster sales. Piper Jaffray is out with a report saying that Apple and AT&T sold a staggering 500,000 iPhones in 48 hours. Both Piper and Global Crown Capital say AT&T stores sold out of their inventory by Saturday afternoon, and a quick check of Apple's website this morning to gauge availability shows it spotty at best at so many retailers. Only two stores in California, both in San Francisco, show availability of any kind. And Piper says 16% of Apple stores have sold out.
The headline is the shorthand for Mark Tinker's current investment approach. The Axa Framlington fund manager has a remit to buy global equities and is very focused on opportunities in Asia. Mark was our Guest Host on "Squawk Box" Monday.
Apple’s iPhone has the potential to change everything in the handheld market, but won’t instantly turn competing devices into antiques, making them candidates for the Smithsonian.
From our position outside of Apple Inc.'s store in downtown Palo Alto, the line is long, the atmosphere festive and sleep is hard to come by. But the bagels and shmeer from Noah's are plentiful and the entrepreneurial spirit that made Silicon Valley famous is alive and well. At the Walnut Creek, California store in the East Bay, Josh May from iWait.org tells us "We are actually selling our spots in line. We have about 700 hits on our website. We've a couple of seats sold for about $500. Some almost coming up to $700."
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