Financial News

Latest Headlines

Latest Headlines

AOL's Lord to exit Verizon-owned company in 2016

AOL President Bob Lord is leaping back onto the path he was on before the online company was acquired by Verizon earlier this year: moving toward running a publicly-owned company. The executive said he will leave AOL sometime in 2016, though an exact date hasn't been announced.

América Móvil COO steps down from KPN board as part of stake sale plan

KPN revealed that Oscar von Hauske Solís, COO and board member of América Móvil, is to leave its supervisory board as part of the Mexican company's plan to sell its stake in the Netherlands-based operator.

Report: 'Great' apps monetize five times better than good ones

Developers make five times more money with a "great" app-- defined as one that doesn't crash, conserves power, saves time and provides quick access to features-- than a merely "good" app, according to Forrester Consulting. The company recently conducted a survey for IBM of 1,000 consumers in the U.S., Canada, U.K. and India, as well as a number of companies and mobile professionals.

Analyst: Verizon and AT&T making $17/subscriber per month in 2015, while T-Mobile and Sprint are losing $0.39

Verizon and AT&T Mobility remain not just far ahead of T-Mobile US and Sprint in terms of subscriber counts, but also in profitability, both on a raw basis and on a per customer basis, according to industry analyst Chetan Sharma.

Outstripping AT&T and Verizon, Comcast and TWC rope in 71% of all new broadband Internet customers

According to new research from Strategy Analytics, Comcast, Time Warner Cable and other cable operators are outpacing AT&T, Verizon and other telco providers in the accumulation of new broadband Internet subscribers. The firm said that during the past twelve months, Comcast and Time Warner Cable accounted for 71 percent of the 3 million Americans who have signed up for broadband Internet service during the period.

Sprint to get $1.1B in cash thanks to handset leasing vehicle

Sprint will get $1.1 billion in cash from a handset leasing company that has been set up by parent company SoftBank and other investors designed to put the financing of leased devices off of Sprint's balance sheet and provide it with more liquidity. Sprint plans to immediately turn to setting up a similar structure to finance the purchase of network equipment.

Sprint's 50% off promotion divides financial and industry analysts

Financial and industry analysts are divided over how large of an impact Sprint's new promotion to cut the rate plans of its competitors in half if customers switch will have on Sprint's financials and subscriber performance. Some think it is too little to move the needle while others see it as an opportunity to highlight consumer awareness of its improving network.

CWA accuses Alcatel-Lucent of stealing Lucent retirees' health care funds

The Communications Workers of America union has filed a request with the U.S. District Court in New Jersey to get a temporary restraining order against Alcatel-Lucent over claims that the French company plans to use money for retirees' health care to cover its own pension funding obligations.

Angelakis poaches two top execs for Comcast's new investment firm

Former Comcast CFO Michael Angelakis has poached two top executives for his new strategic investment company.

AT&T, Verizon, telcos bled nearly 140K broadband subs in Q3 2015

AT&T, Verizon and CenturyLink may still be dominant broadband players, but their broadband empires were challenged in the third quarter.