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AT&T profit misses Wall Street forecasts as pay-TV business lags

The company has been relying on promotions and discounts to stabilize its wireless and pay-TV subscriber numbers, which have taken a toll on its margins, New Street Research analyst Jonathan Chaplin said in an interview. AT&T is fighting the U.S Department of Justice in court to complete its $85.4 billion takeover of Time Warner Inc (TWX.N), which it has called necessary for it to compete for advertising dollars and in an industry increasingly dependent on content. Chaplin said AT&T’s entertainment business performed worse than he expected in the quarter, coming in 4.5 percent lower than his forecast. …read more […]

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Visa tops profit estimates, raises full-year earnings forecast

The world’s largest payments network, like its smaller rival Mastercard Inc (MA.N), gets most of its revenue through transaction fees, which are earned every time a customer swipes their credit or debit card on the company’s network. Visa has seen card payments grow thanks to higher U.S. consumer spending and rising oil prices. Higher gas prices translate to a higher dollar volume in transaction fees for Visa. …read more […]

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Trump, top aides talk trade with Apple CEO Cook at White House

President Donald Trump and two top aides talked about trade issues with Apple Inc chief Tim Cook on Wednesday as the White House prepares to try to avert a trade war with China, a manufacturing hub for the iPhone maker. Cook, who has urged calm during the recent flare in U.S. trade tensions with China, held private talks with Trump in the Oval Office. …read more […]

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DNA linked former police officer to serial killings

A DNA match in the past six days tied a former police officer to some of the crimes committed by a California serial killer behind at least 12 homicides and 45 rapes throughout the state in the 1970s and ’80s, police officials announced Wednesday. Joseph James DeAngelo, 72, who was fired from the Auburn Police Department, was arrested after a DNA sample came back as a match to the Golden State Killer, Sacramento County District Attorney Anne Marie Schubert said. Officials said DeAngelo had been arrested on suspicion of committing four killings in Sacramento and Ventura counties and …read more […]

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A single high school in India has produced the CEOs of Microsoft, Adobe, and Mastercard

Microsoft CEO Satya Nadella went to Hyderabad Public School, Begumpet. It’s a private school in southern India that was founded to teach the sons of aristocrats. If you’re looking to raise one of the most powerful business leaders in the world, you might want to send your kid to Hyderabad Public School, Begumpet, in India. …read more […]