Shares of Verizon Wireless (VZ,) MetroPCS (PCS) and Leap Wireless (LEAP) are also up, as the wireless carriers could benefit from more stable and competitive landscape for wireless carriers, according to AP.
Baird's analyst rating on all four carriers have been lifted to "outperform" from "neutral."
AT&T, Inc. (T) is up 2.18% to $29.48 after Robert W. Baird & Co. upgraded its shares on increased confidence that the company's proposed acquisition of T-Mobile USA will win regulatory approval.
AT&T Inc. (T) will begin selling HTC smartphones for $99.99, the first mobile device its offered since Verizon Communications (VZ) garnered the rights to sell Apple Inc.'s (AAPL) iPhone. AT&T had been the sole provider of
Apple (AAPL) increased its Q1 global shipment goal for the iPhone to 20M-21M units from 19M units, Digitimes reports, citing sources with Taiwan-based component suppliers. The company's goal for WCDMA iPhones has been upped to 14M
CMCSA bid/ask gap remains wide so far this morning. GE is down 0.6% at last check.
According to the WSJ, Genachowski wants Comcast to observe ""net neutrality"" rules in giving competitors' videos the same treatment as its own for customers using its Internet service.
FCC Chairman Julius Genachowski has told the FCC's other commissioners that he supports Comcast's (CMCSA) offer to buy a controlling interest in General Electric's (GE) NBC Universal, subject to certain conditions, the Wall Street
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...