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Wal-Mart Tops Fortune 500
 Wal-Mart Tops Fortune 500 

Wal-Mart Tops Fortune 500

Exxon Mobil repeats 2007 performance, finishes second

(Newser) - Wal-Mart nosed out Exxon Mobil for the second consecutive year to land atop the 2008 Fortune 500, with $37.7 billion in revenues, the magazine said today. In profits, the oil company far outstripped the megaretailer. Three of the top 5 on the list were oil companies, the AP reports....

Streamlining AT&T Plans 4,600 Layoffs

TV, wireless hires will offset white-collar landline losses

(Newser) - As it adjusts its business model to lowered demand for landlines, AT&T will lay off 4,600 employees, the Wall Street Journal reports. The company plans to create about the same number of new wireless, broadband, and TV jobs, a trade-off that will create savings through dropping more senior,...

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...

Is a New iPhone on the Way?
Is a New iPhone on the Way?

Is a New iPhone on the Way?

Apple-store shortages prompt a frenzy of speculation that a refresh is coming early

(Newser) - Yes, there’s an iPhone shortage at Apple stores. No, that doesn’t mean a new iPhone is on the way, reports the New York Times. Apple product shortfalls usually presage new-model introductions, but experts say there’s no certainty that the 3G iPhone will arrive before its scheduled mid-year...

Saint John Still Tainted by Senate Murk
Saint John Still Tainted by Senate Murk
ANALYSIS

Saint John Still Tainted by Senate Murk

Ethics crusader is still no stranger to lobbying culture

(Newser) - With John McCain the presumptive Republican nominee, Democrats are rushing to expose chinks in the Arizona senator's saintly armor, Michael Scherer reports in Time. Though McCain talks tough about special interests, he has often appeared to have done their bidding. He once, for example, wrote a letter on behalf of...

AT&T, Verizon Will Dominate New Airwaves

Wireless spectrum auction saw no major first-time entrant

(Newser) - AT&T and Verizon were the two top bidders in the airwaves auction that ended this week, representing 80% of the FCC’s record $19.6 billion haul and positioning themselves to offer advanced wireless Internet services, reports the Wall Street Journal. Google, sans licenses, was another winner, gaining open...

Making a Marriage of Convergence
Making a Marriage of Convergence

Making a Marriage of Convergence

A Hollywood agency, Silicon Valley VCs and AT&T partner to invest in digital media

(Newser) - In an unusual partnership, a Hollywood talent agency is teaming up with two Silicon Valley venture capital firms and AT&T to invest in Southern California digital media startups. The William Morris Agency announced the fund on Monday, in which AT&T is a limited partner. The focus is online...

Sprint, AT&T, BofA Faves of Identity Thieves

Half of all complaints in 2006 months came from 25 companies

(Newser) - Bank of America led as a target for identity thieves in a 2006 sample of FTC complaints, followed closely by AT&T and Sprint. The survey by Berkeley researchers found that half of all complaints involved 25 organizations, mainly banks and telecom companies, reports PC World. There were 88,000...

Lobbyists Pack Ethics Crusader McCain's Staff

Forget Iseman: Senior advisers represent major corporations

(Newser) - Vicki Iseman is just the tip of the iceberg when it comes to John McCain’s associations with lobbyists, the Washington Post reports. McCain targets special interests, but his campaign manager and top advisers are or have been lobbyists representing some of the country’s biggest corporations. Top adviser Charles...

T-Mobile Launching Net Phone Price War

New plan follows hard on news of wireless price war

(Newser) - T-Mobile is giving an extra push to the millions contemplating ditching their landlines. The low-cost wireless carrier is launching a new dirt-cheap VoIP service, which lets T-Mobile customers hook up traditional phones to an Internet router and make unlimited local and long distance calls for $10 a month, the Wall ...

Sprint May Go Lower Than $99.99
Sprint May
Go Lower
Than $99.99

Sprint May Go Lower Than $99.99

Mobile provider expected to undercut flat-rate calling plans

(Newser) - With both AT&T and Verizon unveiling $99.99 flat-rate unlimited calling plans this week, Sprint's is expected to undercut its rivals by up to 40%, plunging the wireless industry headlong into a price war. Sprint isn't telling yet, but analysts predict it will offer unlimited calling for roughly $60...

Cell Carriers Roll Out Unlimited Calls for $100/Month

Verizon, AT&T, T-Mobile get with the program

(Newser) - Cell phone users tired of rationing their minutes have a new alternative—unlimited calling plans for $99.99 a month. Verizon Wireless yesterday introduced a nationwide plan with no domestic roaming or long-distance fees, AP reports. AT&T quickly announced a matching plan, and T-Mobile execs say they’ll unveil...

Microsoft Talks Tough; Proxy Battle Likely

Gates says Yahoo should 'take a hard look' at $41.6B bid

(Newser) - Microsoft, at loggerheads with Yahoo over its $41.6-billion offer for the popular web portal, is talking tough, threatening a proxy battle to unseat Yahoo’s reticent board of directors, reports the Wall Street Journal. But even a win, which experts say would be relatively cheap to achieve, could cost...

Google's Juicy Addiction: Cheap Electric

Not-so-green tech giants show insatiable appetite for power

(Newser) - No industrial smokestacks rise from that cute Google logo, but each click of the search button takes an environmental toll, Harper's reports. Google and its competitors are guzzling electricity to power ever-larger server complexes, and a renewable-energy initiative is more about making amends than benevolence. A new taxpayer-subsidized Google center...

iPhone Runners Beat Apple to Beijing

Official release is TBA; smugglers get $600 for imports

(Newser) - Even as Apple toils to build exclusive deals with local phone companies and gradually release iPhones abroad, smugglers aren’t holding their breath, and the device is already taking China by storm. As many as one in three iPhones sold last year was unlocked and reprogrammed, the New York Times...

25% of iPhones Get Unlocked
25% of iPhones Get Unlocked

25% of iPhones Get Unlocked

Gray market Apple handsets getting reconfigured globally

(Newser) - The worldwide demand for the iPhone is creating a growing gray market where the phones are bought and sold outside of Apple’s restrictions, BusinessWeek reports. The devices are supposed to operate only through cell phone carriers who have contracts with Apple. But as many as 1 million iPhones, or...

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