Technology Telecom

More

  • Stock rise, driven by a turn higher in crude oil prices Tuesday, 26 Jan 2016 | 10:43 AM ET

    Energy stocks climbed along with the price of oil, and Chevron and Exxon Mobil made major gains. Quarterly earnings also sent several stocks higher, including Post-it Notes maker 3 M, Procter& Gamble, which makes Crest toothpaste, and luxury handbag maker Coach. Energy stocks gained ground as the price of U.S. crude rose $1.10, or 3.7 percent, to close at $31.45 a...

  • Facebook's troubles in India Tuesday, 26 Jan 2016 | 10:00 AM ET
    Facebook's troubles in India

    The tech giant is trying to convince Indian regulators to lift a ban on its Free Basics program.

  • Shares of the company, which is majority owned by Japan's SoftBank Group Corp, rose 18.7 percent to $2.99 in premarket trading on Tuesday. Sprint posted a net loss of $836 million, or 21 cents per share, in the third quarter ended Dec. 31, compared with a loss of $2.38 billion, or 60 cents per share, a year earlier. Excluding items, the company lost 21 cents per share, beating...

  • Sprint posts smaller loss Tuesday, 26 Jan 2016 | 7:35 AM ET

    Jan 26- Sprint Corp, the No. 4 U.S. wireless carrier, reported a smaller quarterly loss, helped by cost cuts and higher number of subscriber additions. Net loss fell to $836 million, or 21 cents per share, for the third quarter ended Dec. 31, from $2.38 billion, or 60 cents per share, a year earlier. Sprint's net operating revenue fell 9.7 percent to $8.11 billion.

  • UPDATE 1-Sprint slashes 2,500 jobs to cut costs Monday, 25 Jan 2016 | 4:08 PM ET

    Jan 25- Sprint Corp has axed at least 2,500 jobs across six customer care centers and its Kansas headquarters as part of its plan to cut $2.5 billion in costs, a company spokeswoman said on Monday. The job cuts, mostly in customer care, also include 574 positions at Sprint's headquarters at Overland Park, Kansas, Sprint spokeswoman Michelle Boyd said.

  • Sprint to cut 2,500 jobs Monday, 25 Jan 2016 | 2:27 PM ET
    Sprint to cut 2,500 jobs

    CNBC's Sue Herera reports on the latest wave of layoffs at Sprint.

  • Jan 22- AT&T Inc, the No. 2 U.S. wireless carrier, said it expected to record a gain of about $2.2 billion in the fourth quarter, due to an increase in the assumed discount rates used to measure pension and post-retirement obligation. The gain, however, will not impact operating results or margins as it was offset, in part, by adjustments related to asset returns.

  • Jan 22- AT&T Inc, the No. 2 U.S. wireless carrier, said it expected to record a gain of about $2.2 billion in the fourth quarter, due to an increase in the assumed discount rates used to measure pension and post retirement obligation.

  • Shares of the No. 1 U.S. wireless service provider, whose profit edged past analysts' estimates, rose 0.5 percent to $44.65 in premarket trading. "The margin performance on wireless was better than anticipated really on the back of lower-than-expected postpaid churn," Evercore ISI analyst Jonathan Schildkraut said. Average revenue per account, however, fell 6.6...

  • The No. 1 U.S. wireless service provider's shares rose 1.1 percent to $44.90 in premarket trading on Thursday. Sales at the company's FiOS high-speed Internet, TV and phone service rose 6.8 percent to $3.53 billion. The company's operating revenue rose 3.2 percent to $34.25 billion, beating the average analyst estimate of $34.1 billion, according to Thomson...

  • Verizon revenue rises 3.2 pct Thursday, 21 Jan 2016 | 7:11 AM ET

    Jan 21- Verizon Communications Inc, the No. 1 U.S. wireless carrier by subscribers, reported a 3.2 percent increase in quarterly revenue as heavy promotions helped it to check customer defections. The company's operating revenue rose to $34.25 billion in the fourth quarter ended Dec. 31 from $33.19 billion a year earlier. Net income attributable to Verizon was...

  • iPhone sales worse than expected: UBS analyst Wednesday, 20 Jan 2016 | 1:07 PM ET
    Apple Store employees fill orders for iPhones in Palo Alto, California.

    UBS released an iPhone survey with shipment results that are worse than it expected, but why did the data not impact Apple’s rating?

  • Pisani: Market moving with oil prices Wednesday, 20 Jan 2016 | 1:03 PM ET
    Pisani: I'm not selling

    S&P breaks through August lows amid a deflationary economy, low oil prices and flat earnings. CNBC's Bob Pisani reports.

  • The changing face of telecommunications Wednesday, 20 Jan 2016 | 10:00 AM ET
    The changing face of telecommunications

    Telecom Italia chairman, Giuseppe Recchi discusses the company’s latest strategies and its relationship with other rival telecoms.

  • AT&T more enthusiastic about DirecTV than ever: CEO Wednesday, 20 Jan 2016 | 9:00 AM ET
    Randall Stephenson at the 2016 World Economic Forum in Davos, Switzerland.

    AT&T CEO Randall Stephenson says his company's tie-up with DirecTV is helping it combine its wireless and video businesses.

  • Why tech’s ‘Frightful 5’ will dominate digital Wednesday, 20 Jan 2016 | 8:47 AM ET
    Digital five

    These five digital companies will dominate tech life for the foreseeable future, reports the New York Times.

  • AT&T CEO: Bet on TV everywhere Wednesday, 20 Jan 2016 | 6:36 AM ET
    AT&T CEO: Bet on TV everywhere

    Randall Stephenson, AT&T Chairman & CEO, discuss the company's efforts to expand its mobile ability to stream content.

  • AT&T CEO: Bringing video and Internet together Wednesday, 20 Jan 2016 | 6:35 AM ET
    AT&T CEO:  Bringing video and Internet together

    Randall Stephenson, AT&T Chairman & CEO, discusses his company's acquisition of DirecTV and plans for an Internet without borders. Also Stephenson weighs in on opportunities in Mexico.

  • ABUJA, Jan 19- Telecom firms operating in Nigeria should not put their desire to make profits above security concerns, President Muhammadu Buhari said on Tuesday. MTN, Africa's largest mobile operator, has been fined $3.9 billion in Nigeria- its biggest market by sales- for failing to disconnect users of unregistered SIM cards. "President Muhammadu Buhari... urged...

  • ISTANBUL, Jan 18- Turkcell is looking for acquisition opportunities to expand regionally and Iran could be a target market as sanctions against Tehran are lifted, the chief executive of Turkey's largest mobile operator said on Monday. "Iran is a huge market and in our focus," Kaan Terzioglu said in an interview with Reuters. In 2004 it led a consortium that won a...

Contact Telecom

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.