Sprint-Nextel Loss Grows to 30 Cents Per Share

Sprint-Nextel Corp (S) reported a loss of 30 cents per share for the third quarter, compared with a loss of 17 cents per share in 2009.

Revenues rose 1% to $8.2 billion, the company said in a statement.

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The increased loss was partly due to the company subsidizing customer upgrades to phones capable of working on its new network.

Sprint had “elevated subsidy levels as part of the…

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Sprint-Nextel Loss Grows to 30 Cents Per Share originally appeared on DailyFinance on Wed, 27 Oct 2010 08:12:00.

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Comcast Reports Third Quarter Earnings of 31 Cents Per Share

Comcast (CMCSA) reported earnings of 31 cents per share for the third quarter, compared with 33 cents per share a year earlier.

Earnings were negatively impacted by the costs of the NBC Universal transaction, the company said in a statement.

Revenue rose 7.3% to $9.5 billion, driven by solid operating results in the company’s cable and programming segments.

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“Our results mark the…

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Comcast Reports Third Quarter Earnings of 31 Cents Per Share originally appeared on DailyFinance on Wed, 27 Oct 2010 07:19:00.

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Russia Investigates Alleged Spam Kingpin

Russia’s police may have cut down the amount of spam in your inbox by opening an investigation of an alleged spam kingpin.

Russian officials began the investigation of Igor A. Gusev Tuesday, The New York Times reported. Officials said Gusev likely fled the country.

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According to authorities, Gusev was a key player in the operations of SpamIt.Com, which paid spammers to promote online…

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Russia Investigates Alleged Spam Kingpin originally appeared on DailyFinance on Wed, 27 Oct 2010 06:47:00.

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Is the U.S. Government Sending Jobs Overseas?

As the unemployment rate remains sky high, it’s not hard to see why the issue of overseas has become a hot topic on both sides of the aisle. But overseas outsourcing keeps growing worse, not better, with some business consultan…