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Financial News

Latest Headlines

Latest Headlines

AT&T shifts web business away from Yahoo, signs with Synacor

AT&T is shifting the web properties once hosted by Yahoo to a new provider, Synacor, including its att.net portal, search feature, and branded applications, The Wall Street Journal reports.

EarthLink says one-box approach will differentiate its SD-WAN service from competitors

EarthLink continues to move its SDN-based WAN (SD-WAN) initiative forward with plans to debut what it calls a one-box solution for its business customers that are transitioning more of their workloads to the cloud.

FairPoint's Sunu: Charter-Time Warner Cable deal won't affect broadband growth

FairPoint Communications isn't afraid of Charter Communications' pending acquisition of Time Warner Cable, a cable MSO that overlaps with the telco in a number of Northern New England states and other territories.

CBS All Access, Showtime Anytime make 'meaningful contribution' to $3.85B record Q1 revenues

CBS is paying close attention to the growth of its two OTT properties, CBS All Access and Showtime Anytime, which "are beginning to make a meaningful contribution to our revenue and our profit," Les Moonves, chairman, president and CEO, told investors on its first-quarter earnings call, as the network reported record-breaking revenues of $3.85 billion.

Birch Communications appoints FairPoint vet Tomae as CEO, while Oddo shifts to lead Birch Equity

Birch Communications has named Tony Tomae as its next president and CEO, succeeding Vincent Oddo, who will become president and CEO of Birch's sister company Birch Equity Partners.

Swisscom CEO criticises plans that would limit operator's ability to generate profit

Swisscom CEO Urs Schaeppi hit out at government proposals that would curb the ability of state-owned companies to generate profits, as the operator reported a 3.7 per cent year-on-year rise in net income for the opening quarter of 2016.

Deutsche Telekom offsets European earnings weakness with strong showing in systems, U.S.

Deutsche Telekom's first-quarter 2016 earnings were broadly in line with analysts' expectations, although the Germany-based operator's domestic and broader European operations continued to show weakness during the period.

Vimeo adds SVOD channel service for partners with VHX acquisition

Vimeo, long a home for independent creators looking to showcase their work outside YouTube, is adding a big enhancement to its service package with the acquisition of VHX, an over-the-top video platform provider.

CenturyLink must expand fiber to ward off Google Fiber, cable competitors, says Wells Fargo

CenturyLink will need to continue to expanding its fiber networks to serve a mix of residential and business customers as it faces growing threats from upstart providers like Google Fiber and cable operators like Comcast and Charter Communications building out into new areas.

Sprint scores 22K postpaid phone net adds but notches $554M net loss in mixed Q1

It turns out T-Mobile US wasn't the only major U.S. wireless carrier to see positive growth in net postpaid phone customers in the latest quarter after all. Sprint said it scored 22,000 postpaid phone net additions in the quarter, marking its third consecutive quarter of positive growth.