German Phone Company Reports a Loss
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Deutsche Telekom posted a loss of nearly 900 million euros ($1.18 billion), prompting the company to look abroad for growth.
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German state banking group KfW is selling up to 4 billion euros (2.8 billion pounds) worth of shares in Deutsche Telekom, continuing the privatisation of the German phone operator.
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German shareholder says company should consider carving off loss-making American division.
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The discount broker posts a loss as mortgage-related losses mount.
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Company's handset business is in trouble, as it reports heavy losses on slow sales, sending its stock down more than 22 percent in midday trading.
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AT&T Corp. T.N, the No. 3 U.S.  telephone company, on Thursday reported a $7.1 billion  third-quarter loss due to $12.5 billion in charges for cutting  asset values and jobs as it retreats from consumer services.
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Motorola posted a loss from continuing operations of $38 million, or 2 cents a share, compared with a profit of $1.35 billion, or 54 cents per share, a year earlier.
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The telecommunications giant finished its first full year as a merged company with a net loss of 3.52 billion euros, or $5.1 billion, mostly on charges, and it predicted a loss for the current quarter.
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NEW YORK - AT&amp;T Corp. swung to a third-quarter loss of $7.1 billion after recording huge charges related to the company&#39;s retreat from traditional telephone services, which has included at least 7,500 more
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BERLIN The German engineering company Siemens said Thursday that its profit fell 10 percent in the fourth quarter as costly product defects led to losses in its mobile phone and train car businesses.
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BenQ Mobile plans to file for bankruptcy protection in Germany after its Taiwanese parent decided to stop investing in the money-losing operation, the mobile phone maker said Thursday.
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Deutsche Telekom is changing its   management structure after poor quarterly results revealed that   Europe's biggest telecoms group by sales was no longer growing   in its German home market.
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Some 35,000 additional jobs are reportedly threatened in German telecom giant Deutsche Telekom, on top of the tens of thousands already being lost.
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BONN: Deutsche Telekom is bidding â¬2.9 bn for the 26% it does not own in T-Online International, pulling the internet service back into the fold four years after selling stock to the public.
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Motorola warns it is making a loss, blaming weak mobile phone sales in Asia and Europe.
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"It is true that we support infrastructure in economically less privileged regions, also in Germany"  Anti-Nokia anger in Germany for closing a factory is growing. Besides public demonstrations several top level politicians are publicly ditching the firm's phones. via MobileMonday
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German phone giant Deutsche Telekom sees annual profits fall, following tough competition and lower prices.