Short sellers moved aggressively into the shares of companies with weak financial prospects and stock prices. According to data from the NYSE and Nasdaq, for the period that ended April 30, shares…
Shares of MetroPCS Communications Inc. (NYSE: PCS) and Leap Wireless International Inc. (NASDAQ: LEAP) are shooting up today following a report at Bloomberg News that German phone company Deutsche Telekom AG (OTC:…
When Verizon Wireless made its initial $3.6 billion offer to acquire wireless spectrum from SpectrumCo LLC, most observers didn’t think the deal would run into any opposition. Which only goes to show…
The line between mobile wireless carriers and cable and satellite TV providers has been blurring for a couple of years and may be on the way to disappearing entirely before too long.…
Blame whatever you want. A weaker U.S. economy, a weakening and flailing Europe, a move to socialism in France and Greece, a weaker BRIC and emerging market story, commodity prices and on…
Frontier Communications Corp. (NASDAQ: FTR) missed its consensus first quarter EPS estimate this morning and the company’s shares are getting pummeled. The miss was close: EPS of $0.05, a penny below the…
Finally, Wi-Fi while you are on the subway!!! Sort of. News is out this Thursday that sounds like a home run for Boingo Wireless, Inc. (NASDAQ: WIFI). The Wi-Fi provider of hotspots…
Comcast Corp. (NASDAQ: CMCSA) reported first quarter earnings this morning that were better than analysts expectations, but a drop in video subscribers and a smaller-than-expected gain in voice subscribers are weighing on…
Several CEOs and founders of well-known American companies have complete control over their companies. Through voting power, they control the boards and strategic decisions of these corporations. The best current example is…
Last week, Apple (NASDAQ: AAPL) announced that it sold 35.1 million iPhones worldwide in the latest quarter. The figure is large, but not extraordinary. Some consumer products and consumer electronics companies sell…
MetroPCS Communications, Inc. (NYSE: PCS) is being treated rather poorly after its earnings report missed expectations. Leap Wireless International Inc. (NASDAQ: LEAP) is being treated even worse. Competition from Sprint Nextel Corporation (NYSE:…
Facebook reports that its revenue grew to more than $1 billion and its membership to 900 million. (Reuters) Microsoft (NASDAQ: MSFT) sells some of the patents it bought from AOL (NYSE: AOL)…
The global market for consumer spending on mobile content, apps and games, and services totaled $121.8 billion in 2011 and is expected to grow to $138.2 billion this year. The advertising spend…
The amount the International Monetary Fund can raise, primarily to help to create a sovereign firewall for Europe, stands at $320 billion. Although, several nations have said they will help push the…
BRICs want more of a say in the International Monetary Fund before they make their next contributions. (Reuters) French president Nicolas Sarkozy almost certainly will be voted out of office, raising questions…
