AT&T sees wireless growth improving in second quarter
NEW YORK (Reuters) – AT&T Inc said on Thursday it expects to report net wireless subscriber additions of about 500,000 for the second quarter, an improvement on its disappointing first quarter.
Analysis: Spinning assets into partnership may not solve Devon’s woes
HOUSTON/NEW YORK (Reuters) – Devon Energy Corp’s latest bid to revive interest in its stock may take a page out of the activist investors’ playbook, but Wall Street continues to look elsewhere for returns in the energy patch.
HP board member Ray Lane settles long-running tax issue
SAN FRANCISCO (Reuters) – Hewlett-Packard board member and Kleiner Perkins partner emeritus Ray Lane said he has agreed to settle an outstanding tax bill with the U.S. Internal Revenue Service dating back to 2004 of as much as $100 million.
Facebook pares ad options, simplifies marketing tools
SAN FRANCISCO (Reuters) – Facebook Inc is eliminating various types of advertisements on its website in an effort to simplify a system that it acknowledged was confusing marketers.
Wall St. ends up in volatile trade ahead of jobs data
NEW YORK (Reuters) – U.S. stocks rose on Thursday, with the Dow swinging nearly 200 points from its session low to high and the S&P 500 recovering after hitting a key technical level in volatile trading a day before the release of the U.S. jobs report.
Witness lifts veil on BofA settlement negotiations
NEW YORK (Reuters) – Mortgage bond investors got “the best deal that was available” when they agreed to an $8.5 billion settlement with Bank of America Corp in 2012, an executive who helped negotiate the deal said Thursday.
Obama administration defends massive phone record collection
WASHINGTON (Reuters) – The Obama administration on Thursday defended its collection of the telephone records of millions of Americans as part of U.S. counterterrorism efforts, re-igniting a fierce debate over privacy even as it called the program criti…
Treasury prices GM stock sale at $34.41/share
WASHINGTON (Reuters) – The U.S. Treasury said on Thursday it was selling 30 million shares of General Motors Co at $34.41 each, raising roughly $1.03 billion as part of its ongoing effort to exit from the bailed-out company and reduce losses to taxpaye…
AT&T sees 500,000 wireless net adds in second quarter
NEW YORK (Reuters) – AT&T Inc said on Thursday that it expects to report second quarter net subscriber additions of about 500,000 and stronger U-verse broadband and TV subscriber growth.
Retailers’ sales rise in May, spending stays moderate
NEW YORK (Reuters) – Major U.S. retail chains, including Costco Wholesale Corp and Victoria’s Secret, on Thursday reported sales increases for May that suggested consumer spending continues to improve moderately.
