Some of the names on the move ahead of the open.» Read More
Tech is the bright spot today and could be a big market driver. That Nasdaq is particularly strong after its 1% gain yesterday. Major stock markets in Europe are all higher, after Asian markets closed with gains. The Dow and S&P 500 had just slight gains yesterday of just above 0.3% each.
Top U.S. phone company AT&T Tuesday said its profit and revenue rose, helped by strong growth in its wireless business and its acquisition of BellSouth.
As I reported last week, tech was the bright lure in an otherwise fishy market. Well, we saw just how stinky that market could become Friday when not even tech brought buyers in the door. But those buyers were the first ones back in on Monday, and Apple promises to keep the tech fire burning. It reported a 67% jump in fiscal fourth quarter profits earnings to $904 million or $1.01 per share, well above expectations. Apple shares were sharply higher after hours.
Today AT&T unveiled Napster Mobile to allow AT&T wireless users to browse, sample, and buy music from Napster's 5 million song library, all directly on their cell phones, starting in mid November. A key announcement ahead of AT&T's earnings Tuesday morning at 10 eastern.
AT&T is making Napster's entire music catalog of more than five million songs available for wireless download starting early next month.
U.S. stock investors looking to recoup from the worst week in almost three months will have to keep one eye out for signs of weakness in earnings due this week and the other on the threat surging oil prices.
The mobile carriers are all chasing the next leg of growth--data services: texting, downloading music, watching videos--everything but making phone calls. And today AT&T is introducing a new way to grow this business--MyMedia Net--an easier way to surf the internet from your cell phone.
As Yahoo approaches the end of a 100-day strategic review, financial analysts want drastic action or even a sale of the company, although many are bracing for business as usual.
AT&T Inc. said Thursday that the head of its wireless unit, Stan Sigman, was retiring, and it appointed Ralph de la Vega as his successor.
AT&T, the biggest US mobile service, said Tuesday that it would buy the wireless airwave licenses of privately held Aloha Partners for about $2.5 billion.
Apple shares continue to take off, thanks to news nuggets here and there about the better-than-expected iPhone sales success. In fact, shares are so high that rumblings of an impending stock split are coming back, even though CEO Steve Jobs was pretty clear at his shareholders meeting earlier this year, offering up props to the Google no-split stock-price strategy (Eric Schmidt sits on Apple's board) and steering investors away from the idea of any kind of split.
Verizon Wireless unveiled three new cell phones on Wednesday for the holiday season, including a high-end handset named Voyager that will compete with Apple's iPhone.
AT&T said Tuesday it would buy more technology services from International Business Machines and will sell telecommunications services to IBM worth $1 billion over five years.
The numbers are flying fast and furious today: Nokia snapping up GPS mapping leader Navteq for a staggering $8.1 billion. Many on the Street are scratching their heads at such a high valuation but wow, dig a little deeper and Nokia may have stumbled upon something that other handset makers missed, or weren't willing to pony up the cash to make something ambitious and forward-thinking really happen.
Apple has issued a software update that creates problems for iPhones modified to work with a cellular carrier other than AT&T.
There's no question, text messaging isn't just increasingly popular, it's increasingly useful to everyone from Universities (St. John's University used texting to alert the campus of an armed student) to city governments (NYC officials announced they'll begin testing "rapid-alert" programs, sending texts to New Yorkers cell phones).
Top U.S. phone company AT&T is eyeing a wireless acquisition in India, a market it is focusing on as a key growth opportunity, the Wall Street Journal reported in its online edition.
Apple said on Monday that programs available on the Internet that allow the iPhone to be used with other service providers besides AT&T's Cingular network can irreparably damage the device.
Apple Inc.'s warning Monday about the dangers of downloading software to unlock the iPhone had a strange ring to it. Kinda like parents warning coming-of-age kids that if they spend too much time enjoying a certain pastime, they risk going blind.
Thanks to iPhone mania and a hefty yield, AT&T is just the kind of stock investors want in this environment.