The telecommunications equipment maker, which never recovered from the technology downturn early in this decade, announced the job cuts as it posted a quarterly loss of $3.4 billion.
Source: By IAN AUSTEN
The telecommunications equipment maker, which never recovered from the technology downturn early in this decade, announced the job cuts as it posted a quarterly loss of $3.4 billion.
Source: By IAN AUSTEN
AT&T plans to buy the rural phone company Centennial Communications for $944 million in cash to expand its wireless network in Puerto Rico.
Source: By REUTERS
Regulators approved use of a slice of radio spectrum in hopes that it will lead to improved Internet access.
Source: By MATT RICHTEL
Regulators approved use of a slice of radio spectrum in hopes that it will lead to improved Internet access.
Source: By MATT RICHTEL
Losses narrowed to $51 million, from $441 million a year earlier, and the company said it would meet financial goals this year.
Source: By THE ASSOCIATED PRESS
The company narrowed its loss to $51 billion, from $441 billion a year earlier, citing lower restructuring charges, and said that it was on track to achieve financial goals this year.
Source: By THE ASSOCIATED PRESS
Third-quarter profit rose to $1.67 billion from $1.27 billion a year earlier as Verizon Wireless added 2.1 million subscribers in the quarter.
Source: By LAURA M. HOLSON
Dan Hesse, the chief executive of Sprint Nextel, has been trying to turn his beleaguered company around. In some areas, he is making progress.
Source: By LAURA M. HOLSON