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Dow Down 203 After Yo-Yo Day
  Dow Down 203 After Yo-Yo Day
MARKETS
Oct 27, 2008 3:20 PM CDT

Dow Down 203 After Yo-Yo Day

Boost in new home sales is not enough to sustain day's gains

(Newser) - Stocks closed down today at the end of an extremely volatile session that saw the Dow up over 200 points as investors reeled from plunging overseas markets but were somewhat encouraged by positive news on US home sales, MarketWatch reports. The Dow lost 203.18 to close at 8,175....

McCains Get Free Cell Towers at Ranch
McCains Get Free Cell Towers at Ranch
Oct 16, 2008 12:01 AM CDT

McCains Get Free Cell Towers at Ranch

Ethics lawyers cite his Senate post overseeing telecom industry

(Newser) - Verizon and AT&T provided portable cell phone towers to John McCain's Arizona ranch free of charge soon after he launched his presidential bid, the Washington Post reports. The companies say it's a unique situation—a modern candidate has to be plugged in, after all—but ethics lawyers say it's...

Google Keeps Up Battle for Open-Access Cells

Phone operators balk at plans to loosen mobile networks

(Newser) - Google renewed its battle for open cell phone networks this week by filing for a new patent, CNET reports. The search giant filed to free smartphones from network-carrier agreements so users can tap into whatever connection is strongest and most affordable. But carriers mostly resist the notion, saying tight networks...

AT&T Rivals Pounce on iPhone Glitches

Dropped calls ring up a marketing opportunity for other networks

(Newser) - Glitches have plagued the new iPhone since its release and AT&T's rivals are gleefully capitalizing on customers' griping, the New York Times reports. It's still unclear whether Apple or the wireless network is to blame, but companies like Verizon aren't letting the opportunity slip by. “A phone is...

Verizon, Google Near Deal on Mobile Search

Giants in their respective fields, the duo will offer simplified mobile search

(Newser) - Verizon and Google are nearing a deal that would make Google the default search tool on Verizon mobile devices, the Wall Street Journal reports, giving a boost to the under-monetized $244-million mobile search business while setting a precedent for mobile ad revenue sharing. The deal, expected to close within weeks,...

Verizon, Unions Reach Deal
 Verizon, Unions
 Reach Deal
Aug 11, 2008 6:38 AM CDT

Verizon, Unions Reach Deal

Three-year contract protects health benefits for current workers, retirees, adds jobs

(Newser) - Verizon Communications and two labor unions representing 65,000 workers struck a 3-year deal yesterday, staving off a strike set for today, reports the Wall Street Journal. The contract, which replaces one that expired Aug. 2, adds 2,500 union jobs and protects the health benefits of current union members...

Dow Plunges 239 Points
 Dow Plunges 239 Points 
MARKETS
Jul 28, 2008 3:39 PM CDT

Dow Plunges 239 Points

S&P 500 sheds 1.9%; financials lead retreat

(Newser) - The markets plummeted today as worries over the economy and problems in the financial sector outweighed high spirits over the rescue plan for mortgage giants Fannie Mae and Freddie Mac, MarketWatch reports. The Dow plunged 239.61 to 11,131.08, the Nasdaq nosedived 46.31 to 2,264.22,...

Tech Giants Join Forces Against 'Patent Trolls'

Fear of lawsuits behind group effort to snap up intellectual property

(Newser) - Some of tech's biggest players are banding together to corner the market on patents key to their various businesses, the Wall Street Journal reports. Companies like Google and Verizon are afraid of being held hostage by small players with a claim on key bits of intellectual property, and wary of...

Top ISPs Agree to Block Child Porn Sites

New York's AG Cuomo strong-arms Time Warner, Verizon, Sprint

(Newser) - Three top Internet providers have agreed to block known child pornography hot spots, thanks to some strong-arm tactics from New York AG Andrew Cuomo, the New York Times reports. After an 8-month investigation, Cuomo threatened to come down on Time Warner, Verizon, and Sprint for fraud and deceptive business practices....

Verizon Seeks Alltel Deal, Challenge to Top Dog AT&T

Wireless companies are in negotiations to cover 80 million customers

(Newser) - Verizon Communications is in negotiations to buy wireless carrier Alltel, a merger that would cover 80 million US subscribers and create the nation's biggest cell-phone company, the Wall Street Journal reports—though the potential $27 billion deal could easily fall through. But if it's consummated, and the feds see no...

FCC to Examine Cancellation Fees for Cable, Phone, Web

Agency responding to consumer complaints

(Newser) - The FCC says next month’s hearing on cell phone cancellation fees may also include similar charges leveled by cable and Internet providers. Chairman Kevin Martin hopes the hearing will ease consumer tension over the fees, which were among cell phone users’ five most common complaints last year, the Washington ...

Cell Phone Market Nears Saturation

Which means services for customers should get better

(Newser) - The number of Americans signing up for cell phone service is slowing down after more than a decade of explosive growth, reports USA Today. Within a couple of years, experts say, just about everybody who wants a cell phone will have one, meaning good news for consumers as companies focus...

New Vodafone CEO Has Tough Calls Ahead

Verizon partnership, growth will be at the top of Colao's to-do list

(Newser) - A slowing global economy and continued investor unease over Vodafone’s 45% stake in Verizon Wireless will likely provide a turbulent welcome for new CEO Vittorio Colao when he takes the reins of the wireless provider in July, the Wall Street Journal reports. Colao will succeed Arun Sarin, who's set...

Cellphone Sales Drop
 Cellphone Sales Drop 
May 20, 2008 2:35 AM CDT

Cellphone Sales Drop

Recession driving down sales

(Newser) - The cellphone market is experiencing a significant sales slide, with the most serious decline so far among lower-income users, reports the Wall Street Journal. Studies reveal first quarter sales dips ranging from 5% to  22%. Analysts expect growth to slow even further. The market may be reaching saturation with 83%...

Consumers Giving Up Landlines
Consumers Giving Up Landlines
May 14, 2008 8:29 AM CDT

Consumers Giving Up Landlines

One-sixth of US households are now wireless

(Newser) - Mobile and Internet-based phones are replacing landline phones in US households as younger Americans lead a movement to newer technologies, reports USA Today. The number of homes depending on wireless phones jumped 159% between 2004 and 2007. Nearly 35% of people 25-29 years old lived in wireless-only households in the...

AT&amp;T Offers TV Phone Service
 AT&T Offers TV Phone Service 
May 1, 2008 10:10 AM CDT

AT&T Offers TV Phone Service

Mobile TV programming includes 10 channels, including ESPN, CBS, and CNN

(Newser) - After nearly a year-long delay, AT&T has jumped into the competition for TV viewers on the go. Beginning Sunday, the telecom will offer mobile TV service on two handsets, offering 10 channels of programming for $15 a month, reports the AP. AT&T will offer the service in Atlanta,...

Competition for Cable Customers Turns Nasty

The cable wars turn nasty as telcos fight for a beachhead

(Newser) - The battle for a larger share of TV customers has taken a nasty turn as companies like Time Warner, DirecTV, and Verizon hone ad campaigns highlighting rivals' shortcomings, the Wall Street Journal reports. It's not the first time operators have taken shots at each other, but it signals a ramping-up...

Google Accused of 'Gaming' FCC Auction

Lawmakers say firm made fake bids to trigger open access

(Newser) - Republican lawmakers are charging that Google manipulated an FCC bandwidth auction to get a free ride on the airwaves, PC World reports. The internet giant is accused of bidding purely to bump up the price to a level where rules trigger open access—and then walking away, leaving Verizon to...

Congress Looks Into FBI's Telecom Spying

Pipeline for intercepted data raises red flags

(Newser) - Congressional Democrats are questioning the cozy relationship between the FBI and telecom companies, the Washington Post reports. Thanks to a 1994 law, all telecom firms have “Quantico circuits”—little-known electronic lines straight to the FBI technology office in Virginia. Telecom technicians can instantly send data over those lines,...

AT&T, Verizon Plan New WiFi in Old TV Spectrum

Telecoms envision WiFi that can penetrate deep into buildings

(Newser) - Verizon and AT&T are talking big about recent bandwidth acquisitions at an FCC auction, the Washington Post reports. The companies promised fast, high-tech new networks in the next few years based on long-range frequencies, newly available from television broadcasters, that can penetrate deep into buildings. A Verizon spokesman said...

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