Tag: Telecommunication Services

Telecom Italia surges on deal news, as European stocks inch up after weekend of protests over COVID restrictions

European stocks traded modestly higher on Monday, after a weekend of protests that turned violent at times over increasing COVID-19 restrictions across the continent. The telecom sector was in the lead, driven by Telecom Italia after a buyout offer from KKR & Co. The Stoxx Europe 600 index XX:SXXP rose 0.2% to 487.28, following a […]

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The $65 billion internet-infrastructure plan could be an ‘Eisenhower national highway system for the information age,’ but it has miles to go

For decades, lawmakers, public-policy strategists and consumers have decried a “digital divide” that left swaths of the country with spotty internet service. The $65 billion allocated to broadband expansion as part of the Biden administration’s $1.2 trillion infrastructure bill could change all that with improved internet services for rural areas, low-income families and tribal communities. […]

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Software executive sentenced to 9 years for role in $50 million horoscope text-messaging fraud

The former-CEO of an Australian mobile software company has been sentenced to more than nine years in prison for his role in a massive horoscope text-messaging fraud that bilked $50 million from hundreds of thousands of U.S. cell phone users.  Michael Pearse, 52, was accused of helping develop software that would auto-subscribe unwitting cell-phone customers […]

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AT&T sees big subscriber gains but stock dips after earnings

An earlier version of this story misstated AT&T’s GAAP earnings per share for the third quarter. It was 82 cents. AT&T Inc. posted a big quarter of subscriber gains Thursday, but its shares were slightly down as some questioned the impact of promotions on the company’s growth. The telecommunications giant saw 1.22 million net additions […]

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A California investment firm went from near ruin to managing over $100 billion: Its turnaround may offer solutions to the ‘Great Resignation’

An earlier version of this article included the incorrect year of death of one of WCM’s key partners. The error has been fixed. The story also clarifies details related to the company’s late-1990s buyout when it had $200 million in assets under management. Portfolio managers Peter Hunkel, Paul Black, Mike Trigg, and Sanjay Ayer of […]

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Biden’s executive order targeting big business and competition: full text

By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to promote the interests of American workers, businesses, and consumers, it is hereby ordered as follows:   Section 1.  Policy.  A fair, open, and competitive marketplace has long been a cornerstone of the American […]

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