More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
The complaint made by an unnamed intelligence official about the president centers on Ukraine, the Washington post reported.Politicsread more
As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
U.S. Vice President Mike Pence on Thursday struck an unyielding tone on America's position in its trade war with China.Delivering Alpharead more
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Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached...Asia Marketsread more
AT&T on Wednesday beat Wall Street estimates for net wireless subscribers who pay a monthly bill as it grounded out some growth in a saturated market and continued to bundle media content from Time Warner into new wireless plans.
The second-largest U.S. wireless carrier by subscribers added a net 72,000 phone subscribers, bigger than analysts' estimates of 27,000 subscribers, according to research firm FactSet.
However, AT&T lost 778,000 premium TV subscribers, a category that includes DirecTV satellite and U-verse television customers, much more than 544,000 losses in the first quarter.
Pay-TV providers have struggled to keep customers as viewers move to streaming services like Netflix Inc.
AT&T closed its $85 billion acquisition of media company Time Warner in June last year, creating a new business segment called WarnerMedia to house assets including the Turner TV networks and premium channel HBO.
The new WarnerMedia segment, which includes Turner and premium TV channel HBO, reported revenue of $8.4 billion, while analysts were expecting $8.30 billion, according to IBES data from Refinitiv.
The company said WarnerMedia's new streaming service HBO Max is slated to launch in spring of 2020.
Total operating revenue in the second quarter rose 15.3% to $44.96 billion. Analysts were expecting $44.85 billion, according to IBES data from Refinitiv.
Net income attributable to AT&T fell to $3.71 billion, or 51 cents per share, from $5.13 billion, or 81 cents per share, a year earlier.
Excluding items, AT&T earned 89 cents per share, in line with estimates.
Shares of the company were down marginally at $31.99 before the bell.