The three major US stock indexes opened higher this morning following the announcement of an interest rate cut in China (our coverage here). Spain sold more than €2 billion in bonds at…
Sprint Nextel Corporation (NYSE: S) already has the iPhone for its namesake brand. Now we have word that its Virgin Mobile USA is following the lead of Leap Wireless International Inc. (NASDAQ:…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Thursday. Baker Hughes Inc. (NYSE: BHI) Cut to Neutral at Macquarie. Charter Communications,…
At an investor conference today, the CEO of AT&T Inc. (NYSE: T) said that data-only subscription plans for wireless networks are “inevitable” as wireless revenues shift more heavily to data rather than…
Verizon Communications Inc. (NYSE: VZ) has announced a definitive merger agreement with Hughes Telematics Inc. (OTC: HUTC). The all-cash offer totals $612 million, or $12/share. Hughes closed at $4.35 last night, calculating…
The 10-year Treasury hit yet another record low under 1.6% today and stocks are in the tank again due to poor economic data. Europe continues to face a meltdown and the hope…
Leap Wireless International Inc. (NASDAQ: LEAP) is out with the announcement that many consumers have been hoping for. The company will now be the first pre-paid cellular carrier in the United States…
T-Mobile, the fourth-largest wireless company in the United States, needs a buyer, not a partner. However, the chances that a buyer will materialized are unlikely, and even parent Deutsche Telekom admits it.…
At a meeting of cable industry executives in Boston yesterday, FCC Chairman Julius Genachowski said the he supports usage-based pricing for Internet service to “help drive efficiency in the networks.” Genachowski also…
You may or may not have heard of Millward Brown, but you might not be surprised who they ranked as the world’s top brand: Apple Inc. (NASDAQ: AAPL) took the pole position…
G8 leaders will seek solutions to the EU crisis. (Reuters) The Facebook IPO, priced at $38, will raise $16 billion. (Reuters) A new poll shows Greeks favor pro-bailout leaders who will keep…
We noted earlier this morning that Verizon Wireless, the joint venture between Verizon Communications Inc. (NYSE: VZ) and Vodafone Group plc (NASDAQ: VOD), will not offer unlimited data plans to existing customers…
The debate over the state of the housing market continues to seesaw. RealtyTrac reported that April foreclosures fell again and are now back to July 2007 levels. But the research operation’s CEO Brandon…
T-Mobile, the wireless operation of Deutsche Telekom, probably will never recover from a failed takeover bid by AT&T (NYSE: T). The FCC and the U.S. Department of Justice killed the deal, and…
Rumors persist, most recently reported by Bloomberg, that Apple (NASDAQ: AAPL) will launch a new super-thin line of laptops. The latest version of the MacBook will be powered by Intel (NASDAQ: INTC) chips, a…
