AT&T CEO sees consumer softness, shares plunge
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AT&T Inc  Chief Executive Randall Stephenson said on Tuesday the phone company was experiencing softness in its consumer business, sending its shares sharply lower in late-day trading.
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AT&T CEO Randall Stephenson told investors Tuesday that the company saw some weakness in the consumer market in December, sending the company's stock down 4.5 percent.
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The chairman says investors might do better if the carrier shuts down. How surprising.
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AT&amp;T&#39;s Net phone service may ultimately generate less than $2 billion a year in revenue, Chief Executive David Dorman said Friday, which is chump change to a corporate giant.
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Shares fall as the company says it may end royalty estimates and count them only when received. NEW YORK  - Qualcomm Inc.
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Appleâs shares fell 6 percent after AT&T said the early surge of iPhone buyers starting service on its network was smaller than some analysts had anticipated.
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WASHINGTON  - AT&T Corp. on Thursday reported a $7.1 billion third-quarter loss due to an $11.4 billion writedown of its assets after its retreat from consumer services and other restructuring charges.
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The telecom's results can't quite connect with Wall Street's expectations.
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U.S. stocks tumbled on Tuesday after a  warning by phone company AT&T  of soft consumer spending  sparked a new round of recession fears, helping drive the S&P  to its worst-ever five-day start to a year.
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Cisco Systems Inc  CEO John Chambers said on Wednesday his company was hit by "dramatic decreases" in orders from U.S. banks, triggering concerns about its growth prospects and sending its shares plunging.
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AT&T Inc.'s  incoming chief executive Randall Stephenson said on Wednesday that the top U.S. phone company had the full assets necessary to be competitive.
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NEW YORK  - AT&T Wireless Services Inc.  said on Tuesday its third-quarter profit declined as customers spent less per month, offsetting a rise in net new customers.
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Shares of long-distance phone  companies AT&T Corp. T.N and MCI Inc. MCIP.O have plunged  about 20 percent this year, but potential buyers seem to be  holding out for clearance sales.
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AT&T Inc.'s  incoming chief executive said on Wednesday that the top U.S. phone company was open to overseas acquisitions, but it was less interested in such deals in the United States.
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A rash of job cuts â-ore than 16,000 layoffs just this week from a handful of companies, including AT&amp;T Corp. â -e created some gloom on the jobs front.
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Intel (INTC ) and AT&amp;T (T ): The two icons of American business are both a bit down on their luck these days. In the past five years AT&amp;T has plunged from its perch as one of the world&#39;s most powerful communications
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U.S. stocks tumbled on Tuesday after a warning by phone company AT&T  of soft consumer spending sparked a new round of recession fears, helping drive the S&P to its worst-ever five-day start to a year.