Southwest Airlines readies system wide onboard Wi-Fi Internet service rolloutDALLAS — Southwest Airlines is on its way to providing in-flight Wi-Fi access on all of its aircraft. China Mobile says first-half profit up but growth slows amid competition, economic slumpBEIJING — China Mobile Ltd., the world’s biggest phone company by subscribers, said Thursday its first-half profit rose just 1.4 percent from a year earlier as growth slowed due to competition and an economic slump. Movers roundup: ASM International climbs on analyst upgrade, La-Z-Boy swings to 1Q profitAmong the stock activity stories for Wednesday, Aug. 19, from AP Financial News: Vonage lumps unlimited international calls to 60-plus countries into standard planNEW YORK — Unlimited domestic phone calls are nearly standard feature for landline plans these days. Now, Vonage Holdings Corp., which helped pioneer that feature with its Internet phone service, is expanding it to most international calls as well. Glitch forces SKorea to abort rocket launch that threatened to heat up tensions with NKoreaSEOUL, South Korea — A technical glitch forced South Korea to abort liftoff of its first rocket into space Wednesday, delaying a launch that threatened to stoke tensions with North Korea even as Pyongyang joined in mourning a leader who pushed tirelessly for reconciliation. South Korea aborts launch of 1st rocket minutes before liftoffSEOUL, South Korea — South Korea on Wednesday aborted its first domestic launch of a rocket just minutes before scheduled liftoff because of a technical problem, delaying space ambitions that have threatened to anger rival North Korea. Last checks before SKorea sends rocket into space, 4 months after controversial NKorean launchSEOUL, South Korea — South Korean scientists were making final checks Wednesday before sending the country’s first rocket into space — a liftoff that threatens to raise the ire of rival North Korea. SKorea to launch 1st rocket into space months after rival NKorea’s rocket testSEOUL, South Korea — South Korea prepared Tuesday to launch its first rocket, just four months after rival North Korea defiantly launched its own and quickly was slapped with U.N. sanctions. Typhoon Morakat damages undersea cables, disrupting Internet and telephone services in AsiaTAIPEI, Taiwan — Seabed movements believed caused by Typhoon Morakat damaged seven undersea cables linking Asian nations, disrupting Internet and telephone services, a Taiwanese telephone company said Friday. AT&T files FCC complaint against Cablevision over access to sports programmingWASHINGTON — AT&T Inc. has filed a complaint with federal regulators charging that Cablevision Systems Corp. is violating federal law by denying AT&T’s video customers in Connecticut access to Cablevision’s New York area sports programming in high-definition format. Sprint expanding wireless broadband services to 17 citiesOVERLAND PARK, Kan. — Sprint Nextel Corp. is expanding its high-speed wireless broadband service to 17 new cities by the end of the year. Brightpoint head higher after Citi issues upgrade, says handset recovery should helpNEW YORK — Shares of Brightpoint Inc. got a boost Tuesday after an upgrade from a Citi Investment Research analyst upgraded the cell phone distributor and said it should benefit from a cyclical recovery in the handset market. Nuance shares up ahead of earnings report; analyst upgrades on mobile phone market potentialPHILADELPHIA —Shares of Nuance Communications Inc. rose Monday after an analyst upgraded the stock due to improving growth prospects for its speech recognition technology in the mobile phone and other markets. Nortel CEO steps down as company liquidates; board of directors to be reduced to 3 from 9TORONTO —Nortel Networks CEO Mike Zafirovski is stepping down from the troubled telecommunications company, saying “a natural transition point” has been reached as the company continues to liquidate. Oleophobic Coating for iPhone 3GS
North Korea will ‘closely watch’ international response to South Korea’s satellite launchSEOUL, South Korea —North Korea said Monday it will closely watch the international response to South Korea’s planned satellite launch after Pyongyang was brought before the U.N. Security Council for what it said was a similar move. Phone and cable companies agree to hand over data for national broadband mapWASHINGTON — The country’s biggest phone and cable companies have agreed to hand over information about their broadband networks to help the federal government produce a national map showing where high-speed Internet connections are available across the U.S. T-Mobile adds net 325,000 subscribers in second quarter, mostly prepaidNEW YORK — T-Mobile USA, the fourth-largest wireless carrier in the country, says it added a net 325,000 subscribers in the second quarter, with most of them choosing to prepay rather than sign two-year contracts. Telecom Italia 1H net profit drops 17 percent due to shrinking customer base, handset salesMILAN — Telecom Italia SpA says first-half net profit dropped 17 percent from a year earlier because of a shrinking customer base, lower handset sales and regulations limiting termination fees on mobile phones. Deutsche Telekom’s 2nd-quarter profit rises 32 percent to euro521 millionBERLIN — Germany’s Deutsche Telekom AG said Thursday that its second-quarter profit rose 32 percent as it reaped the benefits of acquiring Greek company OTE. The company confirmed its outlook for the rest of the year. Buying a cheap local phone may be simplest solution for cell service overseasWORCESTER, Vt. — To prepare for a trip to Tuscany, Paul Boffa visited a local Verizon store to learn about options for taking his mobile phone with him. Amid Japan’s mobile phone wars, quarterly profits slip for NTT DoCoMo but surge for SoftbankTOKYO — NTT DoCoMo Inc., Japan’s largest mobile phone carrier, said Thursday net profit slipped 15.1 percent last quarter as increased competition led to lower income from voice charges. France Telecom first half profit falls 4.3 percent and company sees lower business in H1PARIS — Telecommunications company France Telecom said Thursday that first half net profit fell 4.3 percent as the economic crisis caused customers cut back on phone calls and data transfers — and warned that conditions will get tougher in the second half. BSkyB posts solid fourth quarter profits as recession-hit consumers enjoy home entertainmentLONDON — Satellite TV service British Sky Broadcasting Group posted fourth quarter earnings of 90 million pounds ($148 million) as more consumers turned to home entertainment in the recession. Alcatel-Lucent makes first quarterly profit since merger thanks to gains on asset salesPARIS — Alcatel-Lucent surprised its investors Thursday by posting its first profit since the company’s creation in a trans-Atlantic merger in 2006, as gains on asset sales helped the telecommunications equipment maker’s bottom line. Qwest 2nd-quarter earnings rise 18 percent on one-time tax savings; revenue slideNEW YORK — Qwest Communications International Inc.’s second-quarter earnings rose 18 percent because of one-time tax savings, even as revenue continued to slide as customers abandon landline telephones, the phone company said Wednesday. Qwest Communications 2nd-quarter earnings rise 18 percent, helped by tax effectNEW YORK — Qwest Communications International Inc.’s second-quarter earnings rose 18 percent because of one-time tax savings, even as revenue continued to slide as customers abandon landline telephones, the phone company said Wednesday. Space travel startup Virgin Galactic gets $280M boost from Abu Dhabi fund buying 32 pct shareOSHKOSH, Wis. — British billionaire Sir Richard Branson signed a deal Tuesday to sell about a third of his space travel startup Virgin Galactic to a Mideast investment fund, giving the venture an influx of cash at a time when the global recession has dried up funding sources. Norway’s Telenor fails to block sale of Vimpelcom stake through Russian courtsMOSCOW — A Moscow court refused Tuesday to block the sale of Telenor’s stake in No. 2 Russian mobile phone company VimpelCom, paving the way for the Norwegian company to lose its Russian asset, Telenor said in a statement. Sprint Nextel to acquire Virgin Mobile USA in $483M deal that sharpens its focus on prepaidNEW YORK — Sprint Nextel Corp. is intensifying its focus on the fast-growing market for prepaid cell phone service with a $483 million deal to buy Virgin Mobile USA Inc. |
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