Latest AT&T Inc News

Adobe and FedEx stumble while Lennar and CDW advance

Sep. 18, 2019 4:24 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday. Adobe Inc., down $4.97 to $279.72 The software maker gave investors a disappointing profit forecast for its fiscal fourth quarter. FedEx Corp., down $22.39 to $150.91 The package delivery company's fiscal first quarter profit...

Democrats raise political influence issue in antitrust probe

Sep. 17, 2019 7:33 PM EDT

WASHINGTON (AP) — Senate Democrats are challenging a new Justice Department probe into a deal between California and four big automakers, accusing the Trump administration of using antitrust powers to target political opponents. "My suggestion is you're doing this for political reasons," Sen. Sheldon...

Asian shares mixed after China eases trade tensions

Sep. 12, 2019 12:49 AM EDT

BANGKOK (AP) — Asian shares were mixed Thursday after China moved to ease trade tensions. Investors drew encouragement from China's decision to exempt some U.S. products from a recent round of tariffs. Tokyo, Shanghai and Sydney advanced while Hong Kong slipped. Stocks notched broad gains on Wall Street...

Big Tech faces a new set of foes: nearly all 50 US states

Sep. 10, 2019 5:03 AM EDT

Big tech companies have long rebuffed attempts by the U.S. federal government to scrutinize or scale back their market power. Now they face a scrappy new coalition as well: prosecutors from nearly all 50 states. In a rare show of bipartisan force, attorneys general from 48 states along with Puerto Rico and the...

Asian shares mixed as investors look ahead to rate decisions

Sep. 9, 2019 11:57 PM EDT

TOKYO (AP) — Asian shares were mixed Tuesday after a day of listless trading on Wall Street, as investors awaited signs on global interest rates. Japan's benchmark Nikkei 225 added 0.2% to 21,360.15 in morning trading. Australia's S&P/ASX 200 fell 0.5% to 6,618.20, while South Korea's Kospi inched up...

Markets Right Now: A mixed finish for stocks on Wall Street

Sep. 9, 2019 4:13 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Major stock indexes turned in a mixed finish on Wall Street as large companies gave up early gains but smaller companies rose broadly. The S&P 500 index of large U.S. companies ended up pretty much where it...

Elliott invests $3.2B in AT&T, seeks changes

Sep. 9, 2019 10:53 AM EDT

NEW YORK (AP) — Activist hedge fund manager Elliott Management is making a new $3.2 billion investment in AT&T, roughly a 1% stake, and calling for changes at the company such as selling assets and paying down debt. The move comes as AT&T readies a streaming service following its $81 billion...

Biden taps influence industry despite pledge on lobbyists

Sep. 3, 2019 2:41 PM EDT

WASHINGTON (AP) — Joe Biden entered the Democratic primary promising "from day one" to reject campaign cash from lobbyists. "I work for you — not any industry," he tweeted. Yet hours after his April campaign kickoff, the former vice president went to a fundraiser at the home of a lobbying executive....

Union, AT&T say 20,000 striking workers coming back to work

Aug. 28, 2019 2:16 PM EDT

NEW YORK (AP) — AT&T and the Communications Workers of America said that the 20,000 AT&T workers in the Southeast who went on strike over the weekend were coming back to work Wednesday. The union said Wednesday that it had a "handshake deal" on a new agreement with AT&T and that negotiations...

Over 20,000 AT&T workers in the South struck over weekend

Aug. 27, 2019 3:18 AM EDT

NEW YORK (AP) — More than 20,000 AT&T workers in nine Southern states went on strike over the weekend, saying that the telecommunications company isn't bargaining in good faith over a new contract. The union, the Communications Workers of America, says AT&T isn't sending negotiators who have the...