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Financial News

Latest Headlines

Latest Headlines

Pay-TV's 3rd quarter earnings season: Complete summary starts now

Duck season. Rabbit season. No--earnings season. Leaders of the top cable, satellite and IPTV operators will be forced in the coming weeks to get on the phone with their investors and analysts and spill some beans. Who is losing gobs of subscribers? Who is watching program costs shred their bottom lines? It is all summarized in FierceCable 's running third-quarter earnings report diary, which can be found here.

Rumor Mill: Lenovo preparing for a bid to acquire BlackBerry

Chinese computer maker Lenovo is reportedly preparing a bid for Canada's BlackBerry that could be made as early as this week, according to a  Benzinga.com  article that quotes an unnamed source. The news helped drive a spike in BlackBerry's share price.

Tracking cable's earnings during the third quarter of 2014

The third-quarter earnings season is now underway and  FierceCable  is tracking how the pay-TV distributors, including cable MSOs, IPTV operators and satellite providers, as well as relevant programmers and technology companies, performed.

Analysts predict Verizon will beat AT&T in postpaid net adds in Q3

Verizon Wireless is expected to post substantial progress in the third quarter with 1.3 million postpaid net customer additions, according to analysts at Credit Suisse. AT&T Mobility, for its part, will report the addition of 800,000 postpaid net customers, the analysts predicted.

Apple expected to post 12% increase in iPhone sales to almost 37.8M units

Apple reports its quarterly financial earnings later today, and analysts expect the period to be a record one for the iPhone vendor. According to a Forbes tally of analysts, Apple's quarterly sales are generally expected to increase 7.1 percent and its earnings are expected to increase 11.9 percent, and the company is expected to report a 12 percent jump in iPhone sales to 37.8 million.

Sizing up pay TV earnings for the third quarter of 2014

How did pay-TV distributors including cable MSOs, IPTV operators and satellite providers, as well as relevant programmers and technology companies perform in 2014's third quarter? In this earnings summary, we list results for the biggest cable industry players.

Belgium's Mobistar returns to subscriber growth, details convergence strategy

Orange-owned Belgian operator Mobistar saw its mobile subscriber base grow again for the first time in eight quarters in the third quarter of 2014, and also confirmed its intention of resuming sales of fixed-line services in the final quarter of the year.

Investor says Globalstar's Wi-Fi tests are 'not real tests'

The short-seller activist investor who declared war on Globalstar is not backing down, releasing yet another scathing report against the company. In its latest salvo, hedge fund Kerrisdale Capital released a report saying it conducted tests using an independent firm, Allion Engineering Services--the same firm that Comcast uses to test its Wi-Fi--and found the test results that Globalstar filed with the FCC in June 2013 "do not reflect real-world tests."

Zayo's IPO soars as investors bet on business demand for high-speed broadband

Fiber network company Zayo Group Holdings' initial public offering (IPO) was a success when investor enthusiasm about growing commercial demand for high-speed broadband drove up the company's stock as much as 20 percent.

Verizon expected to report higher profit

Wall Street analysts are generally encouraged that Verizon will bring positive news when it announces third-quarter earnings Oct. 21, with consensus estimates of a profit of 92 cents a share, up from 77 cents a year ago.