Sprint's turnaround effort stumbled during the third quarter on ballooning losses and a net loss of customers stemming from the shutdown of its Nextel platform.
Companies in today’s briefs include: Square, Sprint, NFC Payments USA, T-Mobile USA, Lookout, Samsung.
Microsoft CEO Steve Ballmer can't afford to be wrong about Windows 8.
Before Motorola split itself apart in early 2011, its infrastructure business had long outperformed its handset division, posting regular profits as its smartphone unit sunk further into the red.
LG Electronics reported a third straight quarterly profit Wednesday on strong smartphone sales.
Shares of Facebook surged in premarket trading Wednesday, as analysts praised the social media company's third-quarter results, including its first quarter of advertising to mobile device users.
Companies in today's briefs include: Novatel Wireless, ZTE, Alcatel-Lucent, Cricket Communications, Samsung, U.S. Cellular, Huawei.
Nokia today announced that it would convert $980 million worth of bonds into ordinary shares, as part of a public offering aimed at improving the company's balance sheet.
Companies in today's briefs include: Sprint, Softbank, U.S. Cellular, Alcatel One Touch, LG, T-Mobile USA, CTIA.
Yahoo CEO Marissa Mayer turned in an encouraging report card covering her first few months running the troubled Internet company.
Microsoft Corp.'s net income fell 22 percent in the latest quarter as it deferred revenue from the sale of its upcoming Windows 8 operating system to PC makers.
AMD will cut nearly 1,800 jobs, about 15 percent of its workforce, by the end of the year.
Companies in today's briefs include: Sprint, Research In Motion, C Spire, Franklin Wireless, Verizon Wireless.
AT&T issued a carefully worded statement yesterday raising objections to Softbank's $20.1 billion deal to buy a 70 percent stake in Sprint.
Nokia remains in the red for its sixth straight quarter, with net losses hitting $1.2 billion on $9.5 billion in total revenue, which was down 19 percent year over year.
Sprint has acquired a controlling stake in Clearwire, a deal which has implications for Sprint's pending buyout deal with Softbank.
Companies in today's briefs include: FCC, CTIA, GSMA, Apple, Samsung.
Verizon Wireless said LTE device sales hit 4.5 million in the third quarter after the launch of the iPhone 5 brought more customers onto its mobile broadband network.
Verizon Wireless has purchased rural New Mexico carrier Plateau Wireless, a deal which will allow it to expand its 3G and LTE networks in five counties across the southeast portion of the state.
Companies in today's briefs include: Best Buy, Sprint, Samsung, Cisco, Citrix, T-Mobile USA, Deutsche Telekom.
Intel Corp., the world's largest chipmaker, expects cold winds to blow this fall, as consumers shift their spending toward tablets and a weak global economy curbs corporate spending on computers.
Softbank Corp. President Masayoshi Son has taken another leap with a deal to take a 70 percent stake in Sprint Nextel Corp. for $20 billion.
The company that manufactures Apple's iPhone said Tuesday it found underage interns as young as 14 working at one of its factories in China.
Companies in today's briefs include: Sprint, LG, AT&T, C Spire Wireless, GSMA.
The trend towards BYOD is disrupting the device market in a very big way.