The U.S. Justice Department has begun looking at big telecom companies to try to determine if they have abused their market power, the Wall Street Journal reported in its online edition Monday.
Shares of Sprint Nextel Corp. climbed modestly Monday afternoon after an analyst with Auriga USA LLC upgraded the wireless provider, citing improved expectations for subscriber losses.
Egypt's Orascom Telecom Holding S.A.E. said Sunday it was dropping its case against France Telecom over ownership stakes in Mobinil, the country's largest mobile phone service provider.
China's state asset watchdog is encouraging China Mobile, the world's biggest mobile phone carrier by users, to buy shares in the country's biggest commercial bank ICBC, state media reported on Friday.
Wednesday, 1 Jul 2009 | Source: The Associated Press
If shopping for household essentials like toilet paper and soap isn't your favorite activity, a new Web site might eliminate the task — while saving you cash.
Wednesday, 1 Jul 2009 | Source: The Associated Press
Shares of MetroPCS Communications Inc. and Leap Wireless International Inc. sank Wednesday after an analyst said the companies face a great deal of competition.
Wednesday, 1 Jul 2009 | Source: The Associated Press
The new head of FairPoint Communications said Wednesday the company will have to make some big changes to get out of its financial pinch, but he's optimistic it won't have to file for bankruptcy reorganization.
Tuesday, 30 Jun 2009 | Source: The Associated Press
Former Qwest CEO Joseph Nacchio asked a judge Tuesday to decide in his favor in a Securities and Exchange Commission lawsuit, saying the company's stock plunge was the result of a telecommunications industry meltdown, not financial fraud.
Monday, 29 Jun 2009 | Source: The Associated Press
Moody's Investors Service on Monday downgraded the corporate debt rating of phone company FairPoint Communications Inc. deeper into junk due to a high probility of default.
Stocks rallied Monday as convicted Ponzi swindler Bernie Madoff received the maximum sentence and oil topped $71 a barrel. Plus, there was some window dressing as Tuesday marks the end of the second quarter.
Monday, 29 Jun 2009 | Source: The Associated Press
Comcast Corp. will become the first major cable TV operator to roll out wireless broadband outside of Wi-Fi hotspots as it launches the service in Portland, Ore., on Tuesday, with at least three other cities to follow this year.
Monday, 29 Jun 2009 | Source: The Associated Press
Internet network provider Level 3 Communications Inc. said Monday it has expanded the communications services it provides to cancer-drug maker ImClone Systems.
So you gotta wonder whether Research in Motion's lighter than expected Blackberry sales and subscription sign-ups are a sign of sluggishness in the smart phone sector? Or whether this could be a sign that Apple's iPhone is starting to chip away at RIM's success in the marketplace.... Read More