AT&T to stop selling users’ location data to brokers

AT&T says it will stop selling all location data from mobile phones to brokers following a report that companies are still selling that information to shadowy companies without customer knowledge. Last year, AT&T T, +1.00%  and other carriers pledged to stop providing location information to data brokers. But AT&T made an exception for useful services that, for instance, help customers […]

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Arrest of Huawei executive is a dangerous escalation of Trump’s economic war with China

NEW YORK (Project Syndicate) — The arrest of Huawei CFO Meng Wanzhou is a dangerous move by President Donald Trump’s administration in its intensifying conflict with China. If, as Mark Twain reputedly said, history often rhymes, our era increasingly recalls the period preceding 1914. As with Europe’s great powers back then, the United States, led by an administration intent on […]

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Zayo Gets Takeover Interest From Blackstone-Stonepeak Investor Group: Bloomberg

Zayo Group Holdings Inc. (ZAYO), a provider of bandwidth infrastructure services, has received takeover interest from a group of investors including funds managed by Blackstone Group LP and Stonepeak Partners LP, Bloomberg reported citing people familiar with the matter. Funds managed by KKR & Co., I Squared Capital, GTCR and Charlesbank Capital Partners are also said to be part of […]

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CenturyLink stock falls 7% after earnings show declining sales, profit

CenturyLink Inc. CTL, -1.82% shares dropped more than 7% in after-hours trading following an earnings report that showed sales and profit declining faster than expected. The telecommunications firm reported third-quarter profit of $272 million, or 25 cents a share, on sales of $5.82 billion, down from $6 billion a year ago. After adjustments for the recent Level 3 acquisition and […]

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Finisar stock trading at highest level since January after earnings

Shares of Finisar Corp. FNSR, +13.76% are up 10.8% in Friday’s session, and they’re currently trading at their highest levels since January. The optoelectronics company reported an earnings beat Thursday and delivered a higher-than-expected earnings outlook. Jefferies analyst George Notter wrote that he saw "positive changes from the company" on the cost-cutting front, including with plans to outsource some manufacturing […]

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SEC settled charges telecom service company executives with accounting fraud

The Securities and Exchange Commission charged Tangoe Inc., formerly a public telecommunications expense management company, and four of its executives for allegedly using fraudulent accounting practices to artificially boost company revenues. Tangoe Inc. allegedly improperly recognized approximately $40 million of revenue out of a total of $566 million reported between 2013 and 2015, according to the SEC complaint. Tangoe did […]

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