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Dow Finishes Up 188, Above 9K
 Dow Finishes Up 188, Above 9K 
MARKETS

Dow Finishes Up 188, Above 9K

Nasdaq caps 12-day streak

(Newser) - Sustained increases in home sales and robust earnings fueled a broad-based rally today, pushing the Dow above 9,000 for the first time since January and marking a 12-day winning streak for the Nasdaq—the first in more than a decade, the Wall Street Journal reports. AT&T and 3M...

You Don't Need a Smartphone
You Don't Need a Smartphone
Tech Review

You Don't Need a Smartphone

iPhones et al might have more than you need; here are some cheaper alternatives

(Newser) - Smartphones may be the future, but you may not need one just now, writes Marguerite Reardon of CNET. The iPhone and its pricey brethren probably have more features than the average user needs. Here are some cheaper feature phones that might meet your needs. Prices are for a 2-year contract:...

Justice Dept. to Launch Antitrust Review of Telecoms

(Newser) - The Obama administration is looking into the country’s top telecom companies, including AT&T and Verizon, to determine whether they’ve abused their market power with anti-competitive actions, sources tell the Wall Street Journal. The Justice Department is concerned that, among other things, the big players are locking out...

Tiger, Obama to Hit the Links Together—Someday

(Newser) - Tiger Woods won the DC-area AT&T National yesterday, but don't expect him to be done with Washington just yet, the Post reports: He and President Obama plan to play 18 holes together. “We'll get it done sometime down the road,” Woods said yesterday about his discussions with...

iPhone Competitors Close In on Apple
 iPhone Competitors 
 Close In on Apple 
ANALYSIS

iPhone Competitors Close In on Apple

(Newser) - Until recently, the iPhone ruled the smartphone roost, but a new crop of competitors could threaten Apple’s bottom line, Jon Fortt writes for Fortune. AT&T, the sole iPhone carrier, pays Apple $300 for every new customer. Until now, paying for the privilege made sense, because AT&T monopolized...

Dirt-Cheap Netbooks Might Save Media Industry
Dirt-Cheap Netbooks Might Save Media Industry
OPINION

Dirt-Cheap Netbooks Might Save Media Industry

Paying for content, not hardware, is the key

(Newser) - There might be hope yet for the media industry, “because the tech industry is screwed too,” writes Simon Dumenco for Advertising Age. With light, cheap netbooks squeezing the profit out of the hardware, makers are partnering with media providers (ie, Acer selling netbooks for $100, plus 2-year AT&...

Idol Loser's Fans Say AT&T Tainted Voting

Runner-up's fans cry foul on discovering Allen voters got phone company freebies

(Newser) - Furious fans of American Idol runner-up Adam Lambert are accusing AT&T of stuffing the virtual ballot box with votes for Kris Allen, the New York Times reports. Company reps allegedly attended Arkansas parties for native son Allen, providing phones that were for free text-messaging services and instructions on how...

Google Suffers Global Hiccup
 Google Suffers Global Hiccup

Google Suffers Global Hiccup

For 2 hours, most services were unavailable

(Newser) - Google was down for nearly 2 hours earlier today in a mysterious and widespread outage, PC World reports. Services from the home search page to Gmail, YouTube, Maps, and News were unavailable to users in the US and as far away as China. The glitch—quickly dubbed #googlefail on Twitter—...

Verizon May Get iPhone in 2010

Deal could come through when AT&T's exclusive rights expire next year

(Newser) - Apple is in talks about developing an iPhone for Verizon’s wireless network—with possible deployment next year, USA Today reports. Currently, the iPhone is only available on AT&T’s GSM network, which is incompatible with Verizon’s CDMA operation. AT&T has exclusive US rights to the iPhone...

Tweeting for Peace in Iraq?
Tweeting for Peace in Iraq?

Tweeting for Peace in Iraq?

US asks social media, tech execs to help build transparency, fight corruption

(Newser) - Iraqi lawmakers tweeting during sessions? YouTube campaign videos? Execs from communications and social media firms, including the likes of Google, AT&T, YouTube, MeetUp, and Twitter are in Iraq this week at the behest of the State Department. Their mission: to consider how their tools might be used to boost...

AT&amp;T Rolls Out $50 Mini-Laptops
AT&T Rolls Out $50 Mini-Laptops

AT&T Rolls Out $50 Mini-Laptops

For customers who sign up for a combined home-and-mobile broadband plan

(Newser) - AT&T is trying out a program that would make buying a laptop a bit like buying a cellphone. Walk into one of its Atlanta or Philadelphia retail outlets, and you’ll soon be able to nab a “mini-laptop” (or netbook, as the rest of the world calls them)...

AT&T Will Spend $565M to Green its Vehicle Fleet

(Newser) - AT&T pledged to spend $565 million to replace its current vehicle fleet with models that run on alternative fuels, the Detroit Free Press reports. The firm will buy over 15,000 hybrid and natural-gas-powered cars, mainly from Ford. AT&T billed the move as not only environmentally responsible but...

Dow Dips 81 on Autos, Building
Dow Dips 81 on Autos, Building 
MARKETS

Dow Dips 81 on Autos, Building

Several wireless and financial firms fall after downgrades

(Newser) - Stocks fell today as the markets digested poor, but better-than-forecast, reports in auto sales and construction spending, the Wall Street Journal reports. Though the Dow rose to an 8-week high Friday, it fell 81.80 today to close at 8,952.89. The Nasdaq lost 4.18, closing at 1,...

Labor Faces a Tough Year at Table as Economy Stalls

Worsening economic conditions are forcing unions to reopen contracts, weigh givebacks

(Newser) - Organized labor is facing one of its toughest negotiating years in decades as the swooning economy prompts employers to seek givebacks and contract reopenings, reports the Wall Street Journal. With several major contracts expiring—AT&T, United Airlines, and Goodyear, among others—2009 could be punishing for labor.

Google Seeks Special Online 'Fast Lane'

Dumps 'Net neutrality' support; wants preferred treatment

(Newser) - Google is quietly negotiating for preferential treatment from Internet providers in an about-face from its staunch support of equal network access for all content providers. The move could spark an industry-wide race for Internet "fast lanes" that would discriminate against less-funded sites and potentially curb users' online choices, reports...

AT&T Layoffs Just the Beginning of Telecom Pain

Reduced consumer spending will result in cycles of layoffs and decreased capital expenditure

(Newser) - AT&T’s elimination of 12,000 jobs is just the beginning of cutbacks that will radiate throughout the telecom industry, BusinessWeek reports. As pinched consumers cut back on communication spending, job and capital-expenditure reductions will only continue. One surprising statistic shows how consumers are downsizing telecom budgets: The fastest-growing...

Dow Loses 215 on Job Cuts
 Dow Loses 215 on Job Cuts 
MARKETS

Dow Loses 215 on Job Cuts

Retailers miss estimates as consumer rein in spending

(Newser) - The markets lost value today amid data that unemployment is growing, and poor sales reports from retailers, MarketWatch reports. Traders are bracing for the worst ahead of the November jobs report, due tomorrow. The Dow fell 215.45, closing at 8,376.24. The Nasdaq dropped 46.82 to settle...

Stocks Go South at Bell
 Stocks 
 Go South 
 at Bell 

MARKET Open

Stocks Go South at Bell

Dow down 150

(Newser) - Stocks took a modest dip at the open, amid a weak round of retail sales numbers and general economic pessimism. The Dow fell 81 points, while the S&P and Nasdaq dropped 1.3% and 1.4% respectively, the Wall Street Journal reports. Stocks started to the downside yesterday, but...

AT&amp;T Hacks 12,000 Jobs
 AT&T Hacks 12,000 Jobs 

AT&T Hacks 12,000 Jobs

The telecom says its mobile and broadband divisions are continuing to grow

(Newser) - AT&T is cutting 12,000 jobs, or 4% of its workforce, mostly in the landline segment that has lost market share to cell phones, cable operators, and Internet calling options, reports the AP. AT&T, which has cut more than 25,000 jobs so far this year, said it...

AT&T to Cap Bandwidth of Some Users

Firm tests usage limits in Reno

(Newser) - AT&T is capping users’ Internet bandwidth in Reno as an experiment, suggesting that the practice of limiting usage may soon become widespread, Wired reports. Depending on the service plan, new broadband customers will be held to 20 to 150 gigabytes of usage monthly. Current customers will soon face limits...

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