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BUSINESS
May 9, 1998
AT&T Corp. agreed to market phone and multimedia services on Infoseek Corp.'s Web site in a three-year agreement that also includes forming an Internet service.
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BUSINESS
September 28, 2009 | W.J. Hennigan
AT&T Inc. is urging the Federal Communications Commission to investigate Google Inc.'s Google Voice service on grounds it may be violating federal telecommunications laws. The phone giant based its request on news reports that said Google Voice restricts users from placing calls to certain areas with carriers that charge high access fees. Under federal law, other telephone service providers don't have that option. "By blocking these calls, Google is able to reduce its access expenses," AT&T said in a letter it sent Friday to the FCC. The complaint was the latest in a fight that's been intensifying between the companies.
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BUSINESS
July 1, 2005 | From Associated Press
AT&T Corp. shareholders approved the company's $16-billion acquisition by SBC Communications Inc., which would create one of the world's largest phone companies. The merger has won regulatory approval in 26 states and still needs OKs from 10 additional states and the federal government. If it is approved, closing is expected late this year or early next year.
BUSINESS
January 29, 2009 | From Times Wire Reports
Earnings at AT&T Inc. fell 24% in the fourth quarter, narrowly missing analyst estimates, as sales of heavily subsidized iPhones exceeded expectations. The country's largest telecommunications provider said it earned $2.40 billion, or 41 cents a share, in the last three months of 2008. That was down from $3.14 billion, or 51 cents, a year earlier. Excluding items like merger and severance costs, AT&T earned 64 cents a share, missing the average estimate of analysts polled by Thomson Reuters by a penny.
BUSINESS
December 2, 2004 | From Bloomberg News
AT&T Corp. agreed to pay $500,000 to end a federal investigation into claims the company billed customers who didn't order service. The Federal Communications Commission was investigating whether Bedminster, N.J.-based AT&T erroneously charged $3.95 a month to 1.27 million consumers this year, the agency said in legal papers. An AT&T spokesman had no immediate comment. AT&T has said the charges were caused by a billing error and it gave refunds to customers.
BUSINESS
January 23, 1995 | Times Staff and Wire Reports
AT&T to Set Up Subsidiary: The wholly owned subsidiary will manufacture high-technology telecommunications equipment and computer hardware and software products, the official New China News Agency said. AT&T China will coordinate and manage the AT&T Corp. business activities there.
BUSINESS
March 13, 1999
AT&T Corp. got clearance from the Justice Department to buy IBM Corp.'s global communications network for $5 billion, with no conditions attached. AT&T says it could receive $2.5 billion in additional revenue in the first full year of operating the network.
BUSINESS
December 22, 2006 | From Bloomberg News
AT&T Inc., the largest U.S. telephone company, must face a lawsuit by former MediaOne Group Inc. executives who say a buyout reduced the value of their stock options, a judge ruled. The executives, including ex-MediaOne Chief Executive Charles Lillis, can go to trial to press claims that they lost millions in the fallout from AT&T Corp.'s 2000 takeover of the cable company, Delaware Chancery Court Judge Stephen Lamb ruled. SBC Communications Inc. acquired AT&T Corp.
BUSINESS
March 13, 1995 | Times Staff and Wire Reports
AT&T Wins $400-Million Contract: The deal with Isla Communications Co. calls for AT&T Corp. to provide equipment for 400,000 lines in five central Philippine provinces, Islacom said. Islacom, a joint venture of Asiacom Philippines Inc. and Shinawatra International of Thailand, said it is required to install 700,000 lines by the end of 1998 under its license to provide international and cellular calling service in the Philippines.
BUSINESS
November 20, 2008 | bloomberg news
AT&T Inc. didn't conspire to fix the rate for long-distance surcharges paid by customers, a Kansas jury said Wednesday, rejecting a $400-million claim against the largest U.S. telephone company. The federal jury in Kansas City, Kan., also ordered AT&T to pay $16.9 million to California residential customers who accused the company of breach of contract in the same trial.
BUSINESS
November 5, 2008 | Alana Semuels, Semuels is a Times staff writer.
AT&T Inc. customers who obsessively play World of Warcraft while downloading dozens of movies: Your days of online impunity may be numbered. AT&T has joined the ranks of telecommunications companies that are exploring the idea of limiting the amount of bandwidth that subscribers can use each month. The company began this month to apply such limits, testing the policy first in Reno. Subscribers to AT&T's slowest Internet service there will be limited to downloading 20 gigabytes of data per month.
BUSINESS
October 23, 2008 | times wire services
AT&T Inc.'s earnings rose 5.5% in the third quarter but missed analyst expectations because of strong sales of Apple Inc.'s iPhones, which the carrier subsidizes. The company said it earned $3.23 billion, or 55 cents a share, in the July-September period, up from $3.06 billion, or 50 cents, a year earlier. Excluding $1.1 billion in merger-related costs, the Dallas-based company earned 67 cents a share. Analysts polled by Thomson Reuters were expecting 71 cents. AT&T's profit took a hit of $900 million, or 10 cents a share, in subsidies for the 2.4 million iPhones it sold, and 2 cents a share in hurricane damage.
BUSINESS
August 17, 2008 | DAVID LAZARUS
On Sept. 1, AT&T Inc. will cut the number of free 411 calls offered to customers each month to one from three. At first glance, that seems like a fairly small thing. But it reflects a bigger trend -- a systematic stripping away of phone services that once were provided free or for a nominal charge, and a steady increasing of fees for other services. A couple of years ago, state regulators granted phone companies the freedom to price services pretty much as they pleased.
BUSINESS
June 11, 2008 | Michelle Quinn
When Apple Inc. Chief Executive Steve Jobs announced the new price of the iPhone 3G on Monday, the number $199 fell from the top of the screen behind him. It bounced with a satisfying "boing" sound, akin to those old ads on daytime TV: "This set of knives can be yours for only $19.99!" Apple's marketing slogan for the new iPhone, which runs on a faster wireless network, is "twice the speed at half the price." But, as usual, there's a catch. People are starting to do the math and realizing that the new iPhone will actually cost more than the current versions -- but the payments are spread out. It's like an iPhone financing plan, sponsored by AT&T Inc. Yes, the new iPhone, which goes on sale July 11, will cost $200 less than the current version.
BUSINESS
February 12, 2008 | From the Associated Press
Starbucks Corp. and AT&T Inc. will start offering a mix of free and paid wireless Internet service in most of the international coffee retailer's U.S. shops, beginning this spring. The move announced Monday ends a six-year partnership with T-Mobile, which did not include free Wi-Fi and charged higher fees than AT&T will. Starbucks said it would give customers who use a Starbucks card two hours of free wireless access per day. More time than that will cost $3.99 for a two-hour session.
BUSINESS
January 25, 2008 | From Times Wire Services
AT&T Inc., the biggest U.S. phone-service provider, said profit increased 62% after it added a record 2.7 million wireless customers. But sales missed analysts' estimates after the company cut off more home-phone subscribers who failed to pay bills. Fourth-quarter net income increased to $3.14 billion, or 51 cents a share, from $1.94 billion, or 50 cents, a year earlier. Sales almost doubled to $30.3 billion, short of the $30.5-billion average of analysts' projections.
BUSINESS
January 9, 2008 | From Bloomberg News
Shares of AT&T Inc. had their steepest drop in nearly five years after Chief Executive Randall Stephenson said Tuesday that slowing economic growth had led to "softness" in the company's home phone and Internet businesses. The shares fell 4.6%, helping to spark a broader decline in U.S. stocks, after Stephenson said AT&T was disconnecting more home-phone and high-speed Internet customers for failing to pay their bills.
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