AT&T Downplays Damage From Economic Slowdown
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AT&T reported strong fourth-quarter earnings, with net income rising 63 percent, due in large part to the growth in wireless communications.
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Consumer Reports rates AT&T's cellular network poorly, which it says could slow the success of Apple's iPhone.
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AT&T Corp. on Thursday reported a net loss of $7.1 billion, or $8.95 per share, for the third quarter of 2004, but that loss included asset re-evaluation and other charges of $12.5 billion.
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The economy limped ahead at just a 0.7 percent pace in the first quarter, the slowest in more than four years. Some businesses clamped down on spending, given the uncertainties about the severity of the housing slump.
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WASHINGTON --A closely watched gauge of future economic activity slipped for a second straight month, a performance viewed as signaling a slowdown but not a recession.
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Blog: AT&T's wireless data subscribers complained of outages and a slow network Monday, but the company says it wasn't due to the iPhone.
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Service industries in the United States grew last month at the slowest pace in almost four years, suggesting the economic slowdown may be spreading beyond housing and manufacturing.
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Top U.S. telecommunications service  provider AT&T Inc.  on Tuesday reported a rise in  quarterly profit and revenue, helped by growth in wireless and  Internet subscribers.
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Top telecommunications service provider AT&T Inc.  on Tuesday said its profit and revenue grew on an adjusted basis, helped by strong growth in its wireless business.
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Top telecommunications service  provider AT&T Inc.  on Tuesday said its profit and revenue  grew on an adjusted basis, helped by strong growth in its  wireless business.
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AT&amp;T Corp. (TN: Quote, Profile, Research) will cut another 7,400 jobs and reduce the value of its assets by $11.4 billion, spurred by its retreat from traditional consumer
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WASHINGTON -- The economy has slowed even more than previously thought, but the sluggish spell is not expected to turn into recession as Election Day nears.
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U.S. telephone and cable companies  saw the growth of high-speed Internet services slow in the  second quarter to the lowest rate in a year, an industry  research firm said on Tuesday.
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WASHINGTON -- Most parts of the country saw modest economic growth in the past month, although there were pockets of sluggishness as businesses continued to cope with fallout from the troubled housing and automotive industries.
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A slowdown in US economic growth during the second quarter was not as sharp as previously thought, the Commerce Department reported today.
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The U.S. economyÂs third-quarter slump was not as bad as first estimated, but indicators suggest a steeper decline is coming soon.
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AT&T Inc. earned $3.1 billion in the fourth quarter as its wireless and broadband businesses did well, a trend the nation's largest telecommunications company said would help it keep growing even in a sputtering economy.