Mergers have hit a level not seen since the financial crisis, and there is a way for investors to profit from the M&A frenzy—in one trade.» Read More
WASHINGTON, Oct 22- AT&T Inc on Wednesday reported a rise in quarterly revenue, but the increase was less than Wall Street expected as a wave of subscribers plugged into the network using pre-purchased devices. "People look at this and say,' Oh, I can do with my phone a little bit longer," said Roger Entner, analyst at Recon Analytics in Boston. Earlier on Wednesday, the U.S....
Also, AT&T is trying to wean customers off equipment subsidies and shift them toward installment plans in which they ultimately pay full price for a phone— $650 for an iPhone 6, for instance, compared with $200 under subsidy pricing. That shift means it books less service revenue in the short term, as the company offers monthly discounts of $15 or $25 per phone.
Combining current streaming services including Netflix, Hulu, CBS All Access and the expected price of HBO's service, which starts next year, would run you about half of the average price of monthly cable and satellite television service. Even if other networks jumped on the standalone bandwagon, trying to buy all your favorite channels a la carte would add up...
NEW YORK— Cord cutters rejoiced last week after HBO and CBS announced plans to sell stand-alone streaming services, a move that cable and satellite television providers have resisted for years. Get Netflix, throw in HBO, add a network here and there— why would anyone sign up now for cable? And smooth streaming costs money: to avoid so-called "throttling" during peak...
DirecTV stock spiked almost 2 percent in after-hours trading.
SINGAPORE, Sept 28- When popular Chinese handset maker Xiaomi Inc admitted that its devices were sending users' personal information back to a server in China, it prompted howls of protest and an investigation by Taiwan's government. The affair has also drawn attention to just how little we know about what happens between our smartphone and the outside world.
WASHINGTON, Sept 25- DirecTV's shareholders overwhelmingly approved the company's acquisition by AT&T Inc, DirecTV said on Thursday. The $45 billion deal, currently under review by U.S. and international regulators, was approved by 99 percent of votes cast, the company said in a statement.
WASHINGTON, Sept 18- Microsoft Corp urged the Federal Communications Commission to approve AT&T's Inc $48.5 billion bid for DirecTV, saying in a filing that the acquisition is crucial to expanding Americans' access to the internet. The letter, which was dated Sept. 16 and released publicly on Thursday, comes as the FCC conducts a formal review of the merger.
WASHINGTON, Sept 18- More than ninety former business partners of AT&T Inc are demanding the Federal Communications Commision block the wireless carrier's $48.5 billion bid for DirecTV, saying the company engaged in anti-competitive behavior and violated fiduciary duty.
NEW YORK, Sept 12- Satellite television service DirecTV expects its merger with wireless operator AT&T Inc to be completed next April, Chief Executive Mike White told investors at a conference on Friday. AT&T's $48.5 billion bid for DirecTV, announced in May, is being reviewed by U.S. regulators.
WASHINGTON, Sept 11- State attorneys general working to determine whether Comcast Corp's deal to buy Time Warner Cable Inc is legal have expanded their investigation to include AT&T Inc's plans to buy DirecTV, according to sources close to the merger probe.
NEW YORK, Sept 11- Verizon Communications Inc plans to launch an Internet-based television service in the first half of next year, its chief executive said on Thursday, in a move intended to shake up traditional cable and satellite TV services. In January, Verizon bought an Intel Corp venture to create a web-based TV service.
Ciena Corp and Finisar Corp last week joined their peers in forecasting a weak current quarter, citing delays on closing sales to customers in North America. AT&T is set to buy DirecTV for $48.5 billion and Deutsche Telekom AG is seeking buyers for T-Mobile US Inc after the collapse of a sale to Sprint- which itself was bought last year by Japan's Softbank Corp..
CNBC explains the brands, labor battles and big contracts that are X's and O's in the playbook of a huge US moneymaker: the NFL economy.
Aug 26- Digital video recorder maker TiVo Inc reported better-than-expected quarterly profit and revenue due to strong growth in subscribers through cable TV partners such as Virgin Media in the UK, ONO in Spain and Com Hem AB in Sweden. TiVo's subscriptions rose by a third to 4.8 million in the second quarter ended July 31.
Aug 26- AT&T Inc has reached a tentative deal with antitrust regulators to pave the way for it to buy DirecTV, the New York Post reported, citing unspecified sources. The proposed deal is expected to get clearance from the Justice Department and the Federal Communications Commission in the first quarter, the newspaper reported.
Aug 26- AT&T Inc, has reached a tentative deal with antitrust regulators to pave the way for it to buy DirecTV, the New York Post reported, citing unspecified sources.
Some of Monday's midday movers:
Spaceflight remains a dream for most stargazers, but everyone can buy a portfolio of stocks to invest in space travel of the future.
NEW YORK, Aug 15- U.S. stock index futures were higher on Friday, with major indexes on track for a second week of gains, as traders bet there would be no immediate escalation in the tense situations in Ukraine or Iraq.