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Financial News

Latest Headlines

Latest Headlines

Huawei posts record 2014 profit, but operating profit growth slows

Huawei's 2014 operating profit came in at the high end of earnings guidance provided by the company mid-January, as the equipment vendor reported a record full year net profit.

Bright House buy augments Charter's biz services strength

Charter Communications' proposed $10.4 billion purchase of Bright House Networks augments its position in the business services market, which is currently dominated by Comcast and Time Warner Cable. With the deal, and its associated Ethernet footprint that includes 18,000 miles of fiber, Charter increases its scale across business services in a number of key vertical industry segments, including healthcare, hospitality, government and education.

Huawei boosts 2014 profit by 33% thanks to sales of LTE gear and smartphones

Huawei said its 2014 net profit jumped 33 percent thanks to improving sales and better management of foreign exchange rates. Although the Chinese-based company is still effectively barred from securing a network gear deal with a Tier 1 U.S. carrier because of national security concerns, Huawei's networks business abroad is booming thanks to demand for LTE equipment.

EchoStar grabs a stake in Kudelski set-top venture SmarDTV

EchoStar Corp. and the Kudelski Group are taking an already congenial relationship a step farther, joining forces in the development of advanced set-top boxes and conditional access modules for an international market.

Bright House purchase leaves Charter poised to jump on TWC if Comcast merger fails

Charter Communications says its $10.4 billion purchase of Bright House Networks will help it assimilate Time Warner Cable systems acquired via the complex, three-way GreatLand Connections deal.

Comcast's thePlatform notches Canada's shomi and Australia's Stan as new customers

thePlatform, the video publishing company owned by Comcast, announced today it scored two new customers: Stan in Australia and shomi in Canada. The news underscores the growth of the subscription video-on-demand market and Comcast's solidifying position as a supplier of back-end video processing technology for new entrants into the space.

Analysts: Deutsche Telekom won't support T-Mobile financially in 600 MHz incentive auction

T-Mobile US likely won't have the financial backing of its parent company Deutsche Telekom in next year's incentive auction of 600 MHz broadcast TV spectrum, according to financial analysts at investment bank Macquarie.

Comcast to invest $4B in new strategic spinoff, CFO Angelakis to run it

Comcast will invest $4 billion in a new strategic investment spinoff, with Michael Angelakis stepping down from his CFO position to run it. Angelakis will invest $40 million of his personal wealth into the new venture.

MSG confirms split of teams from regional sports networks

The Madison Square Garden Company confirmed that it will split its regional sports networks from pro sports teams the New York Knicks and Rangers.

TWC SportsNet LA: There are no serious carriage talks, and there never were

Could pay-TV's most truculent carriage impasse finally break open by Major League Baseball's Opening Day? TWC is reportedly "actively pursuing" a deal to expand coverage of its Dodgers channel, SportsNet LA.