Netflix has struck a deal with AT&T to ensure smoother streaming for its customers.» Read More
WASHINGTON/ NEW YORK, July 29- The long-anticipated merger of Sprint Corp and T-Mobile US Inc is not expected to occur before September, with the companies continuing due diligence and preparing a detailed case for a deal before U.S. regulators, according to people familiar with the matter.
CenturyLink Inc shares were up 8 percent, AT&T Inc was up 3 percent and Verizon Communication Inc rose 2 percent. "Given the IRS approval, we expect other companies may explore the possibility of spinning off their Wireline assets into a similar structure," Jefferies& Co analysts said.
*Merck rises as results beat expectations, but Pfizer slips. Windstream Holdings jumped 12.8 percent to $11.88 in its busiest trading day on record after the company filed to spin off assets into a tax-efficient publicly-traded real estate investment trust.
*Pfizer, Merck rise as results beat expectations. NEW YORK, July 29- U.S. stocks rose Tuesday on news about a spinoff in the telecommunications sphere that sent most stocks in the sector soaring and on better-than-expected results from Pfizer and Merck.
In a study requested by California Representative Anna Eshoo, the GAO, the investigative arm of Congress, found consumers often were unclear about what online activities consumed the most data and paid ISPs too much either for data they did not use or through overage fees for exceeding data caps.
Major indexes in Europe and Asia closed with slight gains. On Friday, the Labor Department releases its monthly look at the job market. FROZEN: "The market today looks a little frozen, because it's going to face some really revealing stuff in the next 72 hours," said Jim Paulsen, chief investment strategist at Wells Capital Management.
NEW YORK— Shares of some top telecom companies were up at the close of trading:. AT&T Inc. rose$. 11 or. 3 percent, to $35.65. Verizon Communications Inc. rose$. 30 or. 6 percent, to $51.58.
NEW YORK— Shares of some top telecom companies are up at 1 p.m.:. AT&T Inc. rose$. 15 or. 4 percent, to $35.69. Verizon Communications Inc. rose$. 14 or. 3 percent, to $51.42.
NEW YORK— Shares of some top telecom companies are down at 10 a.m.:. AT&T Inc. fell$. 03 or. 1 percent, to $35.51. Verizon Communications Inc. fell$. 04 or. 1 percent, to $51.24.
The legislation cleared the Senate last week. President Obama said in a statement that he looked forward to signing the bill into law.
But Romania ranks as the European Union's second-poorest state and among the weakest in collecting taxes and fighting fraud, making it poorly equipped to manage the bitcoin.
NEW YORK— Congress passed a bill Friday that makes it legal to "unlock" cellphones so the devices can— at least in some instances— be used on other carriers. The law, which President Obama said he looks forward to signing, undoes a move by the Librarian of Congress in 2012. That made it a copyright violation to unlock a phone without the carrier's permission.
WASHINGTON, July 25- Verizon Communication Inc's high speed wireless customers who subscribe to the company's legacy unlimited data plans might experience slower speeds starting Oct. 1, the company said on Friday.
U.S. stocks finished lower on Friday weighed by Amazon's weak earnings and Visa's lowered outlook, in addition to ongoing geopolitical concerns.
NEW YORK— Shares of some top telecom companies were mixed at the close of trading:. AT&T Inc. fell$. 38 or 1.1 percent, to $35.50. Verizon Communications Inc. rose$. 14 or. 3 percent, to $51.05.
NEW YORK— Institutional Shareholder Services, a leading shareholder advisory firm, is telling shareholders to protest Sprint Corp. CEO Dan Hesse's $49 million 2013 pay package, saying it's excessive and not tied to performance. Hesse got a special $18.7 million "retention" award in connection with Softbank Corp. of Japan buying 70 percent of Sprint last year.
NEW YORK— Shares of some top telecom companies are mixed at 1 p.m.:. AT&T Inc. fell$. 33 or. 9 percent, to $35.55. Verizon Communications Inc. rose$. 33 or. 6 percent, to $51.24.
NEW YORK— Shares of some top telecom companies are down at 10 a.m.:. AT&T Inc. fell$. 64 or 1.8 percent, to $35.24. Verizon Communications Inc. fell$. 01 or percent, to $50.90.
FCC Chairman Tom Wheeler has sought to establish himself as a strong defender of consumer interests who would punish ISPs whose business practices may hurt consumers or competition.
However, the prospect of more sanctions against Russia over the Ukraine crisis and a downed Malaysian airliner kept risk aversion on the table in the bond market, where German 10- year yields nudged down to 1.16 percent, just shy of record lows.