Todd Rethemeier News
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AT&T Inc., the largest U.S. phone company, had its biggest one-day drop in four years as first- quarter revenue missed analysts’ estimates, dragged down by sluggish landline sales and competition with Verizon Wireless.
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CenturyLink Inc. tumbled the most in more than three decades, wiping out about $6 billion in market value, after the phone and Internet carrier slashed its dividend by 26 percent and analysts downgraded the stock.
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AT&T Inc. may activate 4.5 million Apple Inc. iPhones this quarter, 41 percent more than last quarter, helping increase customer additions at the largest U.S. phone company, a Hudson Square Research analyst said.
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AT&T Inc., the largest U.S. phone company, posted a narrower fourth-quarter loss after customers bought a record number of discounted smartphones, including 8.6 million of Apple Inc.’s iPhones.
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AT&T Inc., the second-largest U.S. wireless carrier, reported third-quarter sales that missed analysts’ estimates as customers waited for this month’s newest iPhone and pay-TV subscriber gains slowed.
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MetroPCS Communications Inc., the pay- as-you-go mobile-phone provider, dropped the most in almost four months in New York trading after first-quarter sales fell short of analysts’ projections.
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DirecTV, the largest U.S. satellite-television provider, reached an intraday record in New York trading after Hudson Square Research advised buying the shares to take advantage of growth in Latin America.
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CenturyTel Inc., the Louisiana phone company that’s expanding across the U.S., plans to buy Qwest Communications International Inc. for about $10 billion, more than doubling its customers in its largest purchase yet.
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Sprint Nextel Corp. reported a narrower loss than analysts estimated as demand for the Evo smartphone helped it gain wireless subscribers for the first time in three years.
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Philip Falcone netted billions with contrarian bets on the metals and U.S. housing markets. Now he’s making what may be his riskiest wager yet.
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