Some of the names on the move ahead of the open.» Read More
*Ford rallies after results; AT&T, Dow Chemical lower. NEW YORK, Oct 24- U.S. stocks edged higher on Thursday, continuing the market's recent upward trend as expectations for steady accommodative monetary policy for the foreseeable future offset a mixed batch of earnings and economic data.
Oct 24- Time Warner Cable will carry Al Jazeera America, which it had dropped earlier this year, giving the cable news channel a bigger foothold in the United States, where it has struggled to gain distribution.
The stocks moving before the bell.
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.
Stocks finished lower Wednesday, with the S&P 500 snapping a four-day streak of record highs, following weakness in global equities and a mixed bag of earnings reports.
Check out which companies are making headlines after the bell Wednesday:
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.
AT&T is reporting Q3 EPS of $0.66 ex-items on revenue of $32.16 billion, with CNBC's Julia Boorstin.
AT&T reported revenue that was slightly below expectations but net income beat by a penny as the company worked to control costs.
U.S. stock index futures signaled a sharply lower open Wednesday, amid worries over financial conditions in China and as investors digested a mixed bag of corporate earnings.
NEW YORK, Oct 23- U.S. stock index futures fell on Wednesday, following four days of record highs on the S&P 500, amid concern over tightening financial conditions in China and weakness in European banks.
Earnings reports from Boeing and dozens of other major companies could set the course for stocks Wednesday, as the Dow reaches for new highs.
NEW YORK, Oct 22- T-Mobile US plans to offer free data downloads of up to 200 megabytes per month to customers who buy the latest Apple Inc iPad, as the No. 4 US mobile service tries to lure cost-conscious customers away from its bigger rivals.
Oct 22- Juniper Networks Inc reported a nearly six-fold rise in quarterly profit due to a rebound in demand for network equipment from telecom service providers. Net income rose to $99 million, or 19 cents per share, in the third quarter, from $17 million, or 3 cents per share, a year earlier.
The "Mad Money" host said he see an investment opportunity in the wireless tower space.
**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.
CHICAGO, Oct 21- For angst-addled market watchers, the U.S. debt ceiling and budget chaos has been like one of those amusement-park rides in which you ride upside down. That means finding pockets of profit that are not dependent upon Washington. The Oakmark Equity and Income Fund is an actively managed fund that shifts between stocks, bonds and cash.
Oct 21- Tellabs Inc, which helps telecommunications carriers manage traffic on their networks, said it agreed to be bought by private equity firm Marlin Equity Partners for $891 million as it struggles against nimbler rivals and a shrinking customer base.
Some of the names on the move ahead of the open.