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Financial News

Latest Headlines

Latest Headlines

AWS-3 AUCTION RESULTS: AT&T leads with $18.2B, Verizon at $10.4B, Dish at $10B and T-Mobile at $1.8B

The FCC has revealed the identities of the winning bidders in the AWS-3 spectrum, and AT&T was the biggest bidder, with close to $18.2 billion in provisionally winning bids, roughly in line with analysts' expectations. Verizon Wireless wound up bidding $10.43 billion, less than many analysts had expected (most had expected Verizon to bid $15 billion to $20 billion).

Amazon's Prime streaming subs drive its overall sales; membership jumps 53%

Customers who join Amazon Prime specifically to stream video through its Prime Instant Video service tend to buy more often from other areas of the retail giant's website as well. And while it doesn't seem like much, it's important to note that Prime membership overall increased 53 percent in 2014.

TeliaSonera CEO hints at future Telenor-style mergers, as European weakness weighs on earnings

TeliaSonera president and CEO Johan Dennelind hinted that further deals along the lines of the company's planned Danish joint venture with Telenor are on the cards, as the operator revealed net income fell 7 per cent year on year in 2014.

Nokia leaves investors wanting despite fourth quarter sales and profit growth

Ericsson and Huawei's loss was Nokia's gain in the fourth quarter of 2014, as the Finnish company said strong sales of network infrastructure in North America boosted sales and earnings during the period.

TWC's Marcus on Cablevision's Freewheel: 'I think it's pretty cool'

Count Time Warner Cable CEO Rob Marcus as one of the closest watchers of Cablevision's disruptive new Wi-Fi-only phone service, Freewheel.

Facebook posts records in quarterly mobile ad revenues, traffic

Facebook reported gains in mobile revenues and traffic that outpaced Wall Street expectations. The company said around 84 percent of its 890 million daily users accessed its site from a phone, and around 86 percent of its 1.39 billion monthly users did so from a phone--a record for the company.

Viacom to launch Nickelodeon SVOD service as its ad sales slide 6%

Viacom is the latest programmer to launch an a la carte SVOD programming service, a new streaming product built around its Nickelodeon kids' linear network set to debut in March.

Maxx impact: TWC residential video sub losses dropped 75% in Q4 to 38K

Time Warner Cable reported strong fourth-quarter residential subscriber metrics, highlighted by residential video declines that slowed by 75 percent to just 38,000.

Update: MoffettNathanson retracts Q4 commercial volume report

Faced with cratering ratings and a soft ad market, the major cable programming conglomerates saw their ad revenue dip only 1.3 percent in the fourth quarter. How did they do it? Volume, volume, volume!

Comcast-TWC merger 'no longer inevitable,' declares L.A. Times

The Los Angeles Times just might be the first national publication to declare the proposed merger of Comcast and Time Warner Cable not a fait accompli.