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AT&T Reports 61% Growth in Profits

AT&T Inc. reported a 61 percent surge in profits during the second quarter of 2007, thanks to the BellSouth Corp. acquisition and an exclusive deal on Apples iPhone. The nations largest local phone company said Tuesday its net income totaled $2.9 billion, or 47 cents a share, up from $1.8 billion, or 46 cents, a […]

NOT NECESSARILY NEWS

Presidential Debates Go Online Only Charlie Rose Yahoo!, The Huffington Post and Slate Magazine will host two online-only presidential debates during the 2008 campaign. The debates will stream from all three Web sites and voters will be able to ask candidates questions directly, in real time. PBS host Charlie Rose will moderate the events, which […]

Wireless, DSL Boost AT&T Profits

AT&T Inc.s fourth-quarter profits rose 17 percent thanks to increases in DSL and wireless subscribership. The companys net income grew to $1.94 billion, or 50 cents a share, up from $1.66 billion, or 46 cents a share, from the same quarter a year earlier. AT&Ts revenue rose 23 percent to $15.9 billion. AT&T gained full […]

TIA Reports Telecom Industry is Sustaining Growth

Spending on network equipment, and revenue from telecommunications services, rose in 2005, and are expected to continue their ascent in the coming years, according to TIA (Telecommunications Industry Association), which today released to the press the findings of TIA’s 2006 Telecommunications Market Review and Forecast. 2005 was a strong year for the overall telecommunications industry, […]

Verizon Reports Higher Revenue, Earnings

Verizon Communications Inc. on Wednesday said annual revenue rose in the first quarter on stronger earnings as wireless sales contributed to approximately 40 percent of the companys overall revenue. Consolidated revenue of $18.2 billion increased 6.6 percent, or $1.1 billion, while earnings rose to $1.8 billion from $1.2 billion in the first quarter of 2004. […]

Stock Watch: On the Road to Recovery — or Not

Posted: 2/2002 Stock Watch On the Road to Recovery — or Not Although the positive economic news was scarce during the session that ended Dec. 17, investors were betting recovery is coming soon.Among the good tidings leading into the end-of-year holiday season were two reports that analysts say could telegraph a recovery. The National Association […]

Stock Watch: Communication Stocks Rebound After Slight Dip Post-Attacks

Posted: 12/2001 Stock Watch Communication Stocks Rebound After Slight Dip Post-Attacks Communications stocks bounced back with the broader market after concerns related to the Sept. 11 terrorist attacks briefly sent them lower. The Dow Jones industrial average rose 4.8 percent between Sept. 17 and Oct. 15, while the S&P 500 gained 4.9 percent. Many communications-related […]

Stock Watch – Market Stages Rally, Closes in Positive Territory

Posted: 06/2001 Stock Watch Market Stages Rally, Closes in Positive Territory Easter week closed (April 16–our trading deadline) in positive territory for the Dow after a four-day rally that sent tech stocks to their second-best week ever. The good news was tempered, however, by rocky forecasts and earnings by many companies. Still, the overall sentiment […]

Stock Watch

Posted: 12/2000 Stock Watch High Wholesale Prices Spark Inflation Fears Rising wholesale prices in September, boosted by high energy costs and continuing consumer demand, sent inflation fears spiraling, further fueling fears of interest rate hikes when the Federal Reserve meets again. The Labor Department’s Producer Price Index (PPI) rose 0.9 percent, after falling 0.2 percent […]

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