Archive for July 16, 2010
First Horizon Posts Surprise Q2 Profit – Update
Financial services provider First Horizon National Corp. (FHN) reported Friday a profit for the second quarter compared to a loss last year, as loan loss provisions decreased for the fifth consecutive quarter. The company cited continued success in improving credit quality and less earnings drag from legacy businesses as reasons for the turnaround. The results [...]
Sony Ericsson Swings To Profit In Q2 – Update
Cellphone maker Sony Ericsson Mobile Communications AB, the 50/50 joint venture of Sony Corp. (SNE) and LM Ericsson Telephone Co. (ERIC), reported Friday a profit for the second quarter, versus a loss a year ago. The turnaround mainly reflected a 31% increase in average selling prices, which the company attributed to improved product and geographic [...]
Apple Was Aware Of IPhone Antenna Risks: WSJ
Apple Inc.’s (AAPL) engineers were aware of its latest iPhone’s antenna risks as early as a year ago, but gave little time for wireless carriers to test the phone than is typical, reported the Wall Street Journal Friday citing people familiar with the matter.
AT&T Strikes Deal With Rainbow Media To Keep Entertainment Channels On U-Verse TV – Update
Telecom giant AT&T Inc (T) said Thursday it has reached a “fair deal” with Rainbow Media Holdings LLC to keep entertainment television channels AMC, IFC and WE TV on the AT&T U-Verse service. Financial terms of the deal were not disclosed. Rainbow Media is owned by Cablevision Systems Corp. (CVC).