Malathi's Feed
Jan 27, 2015

AT&T results beat Wall Street, shares rise after hours

SAN FRANCISCO (Reuters) – AT&T Inc (T.N: Quote, Profile, Research) on Tuesday posted a quarterly net loss that was slightly slimmer than Wall Street expected, as its mobile device deals attracted more customers, but its users switched to other networks at a higher rate.

AT&T shares rose 1.6 percent in after-hours trading after closing at $32.81 on the New York Stock Exchange.

Jan 26, 2015

Cablevision to launch WiFi phone service for data-hungry users

SAN FRANCISCO (Reuters) – Cablevision System Corp said on Monday it would launch in February a wireless Internet phone service to give users an alternative to pricier data plans from cellular companies such as AT&T and Verizon.

The “Freewheel” phone service, which runs on any WiFi connection, is an attempt by Cablevision to retain and potentially add subscribers at a time when cable companies are losing out to lower-priced, bundled TV and Internet services from telecom firms.

Jan 22, 2015

Verizon revenue rises as retail postpaid subscribers increase

Jan 22 (Reuters) – Verizon Communications Inc’s
quarterly revenue rose 6.8 percent due to higher net addition of
postpaid subscribers and a rise in average revenue per account
as users added more devices to shared data plans.

The company, however, reported a loss of $2.15 billion, or
54 cents per share, for the fourth quarter compared with a
profit of $7.92 billion, or $1.76 per share, a year earlier,
mainly due to valuation of benefits plan and pension
adjustments.

Jan 8, 2015

FCC chief seen siding with Obama on net neutrality

WASHINGTON/LAS VEGAS (Reuters) – The top U.S. communications regulator on Wednesday endorsed the regulatory standard applied to telephone companies in remarks seen as the strongest indication yet that he planned to side with President Barack Obama on strict “net neutrality” rules.

Comments by Federal Communications Commission Chairman Tom Wheeler at the Consumer Electronics Show in Las Vegas appeared to show he leaned toward regulating Internet service providers (ISPs) more strictly under Title II of the U.S. communications law, as Obama has suggested.

Jan 7, 2015

U.S. FCC chief’s speech seen supporting Obama on net neutrality

LAS VEGAS/WASHINGTON (Reuters) – The top U.S. communications regulator on Wednesday touted a “just and reasonable” standard for policing Internet traffic in remarks seen as the strongest indication yet that he plans to follow President Barack Obama’s lead on “net neutrality.”

The remarks by Federal Communications Commission Chairman Tom Wheeler at a trade show in Las Vegas appeared to show he was leaning toward regulating Internet service providers more strictly under Title II of the U.S. communications law, as Obama has suggested.

Jan 5, 2015

Advertisers to get a glimpse of Apple Watch promise, challenge

LAS VEGAS (Reuters) – Appleā€™s forthcoming smartwatch poses a conundrum for advertisers: How to tap the enticing possibilities of the tiny gadget without overwhelming consumers with messages.

At this week’s Consumer Electronics Show in Las Vegas, mobile-marketing firm TapSense plans to release an Apple Watch ad-buying service. The service will provide a first glimpse of how businesses can serve up ads on the watch, even though the gadget will not be available until later this year.

Dec 25, 2014

YouTube’s release of ‘The Interview’ a chance to show off paid video chops

SAN FRANCISCO (Reuters) – Google Inc’s decision to screen Sony Pictures’ film “The Interview” may help legitimize its YouTube platform as a serious rival to paid video streaming services, Netflix and Amazon.com Inc.

Sony Pictures made the controversial film available online on Wednesday, expanding distribution of a comedy that triggered a destructive cyberattack against the company that has been blamed on North Korea. The studio reversed its decision to halt the movie’s release after it was criticized for self-censorship.

Dec 6, 2014

Cablevision, union both declare victory after judge’s ruling

NEW YORK (Reuters) – Cablevision Systems Corp and a
union representing some of its workers in Brooklyn, New York,
both declared victory after a judge’s ruling on National Labor
Relations Board allegations that the company bargained with its
workers in bad faith.

In January 2012, a small number of the company’s cable
installers voted to unionize. Since then, Cablevision and the
union have been arguing over the issue. The NLRB last month
accused the cable operator and its chief executive, James Dolan,
of threatening to withhold raises for its technicians unless
they voted to quit their union.

Nov 14, 2014

Exclusive: India’s Reliance Entertainment plans to acquire Western game studios in 2015

By Malathi Nayak

(Reuters) – India’s Reliance Entertainment plans to begin acquiring North American and European mobile game studios starting in early 2015, in hopes of becoming a significant global player in the fast-growing mobile games industry.

The company, which is the biggest stakeholder in DreamWorks Animation Studios (DWA.O: Quote, Profile, Research, Stock Buzz), is in talks with bankers to identify and acquire up-and-coming mobile game studios in North America and Europe to boost sales, Chief Executive Manish Agarwal told Reuters in a phone interview.

Nov 13, 2014

Mobile game startup Scopely raises $35 million to offer more titles

SAN FRANCISCO (Reuters) – Scopely, a mobile game publishing startup, has raised $35 million in financing to produce new titles and invest further in building out the technology behind its games distribution network, the company said on Thursday.

The Culver City, California-based startup, which was founded in 2011, has delivered a handful of games such as “Mini Golf MatchUp,” which ranked among the top 5 games on Apple Inc’s app charts. Scopely makes its own games and also funds and publishes games made by other game studios.