U.S. Cellular reports weak subscriber growth, shares plummet
By Wenjing Yang Shares of United States Cellular Corp. plummeted nearly 9 percent on Friday after the company reported worse-than-expected subscriber metrics in the fourth quarter and announced that it will introduce unlimited-data plans. U.S. Cellular shares closed at $40.90, down $3.94. The Chicago-based wireless services provider reported its net loss widened to $6 million, […]
Tokyo, eyeing 2020, reinforces Japanese character
By Yingcong (June) Fu Tokyo is pointing toward its second Olympics, in 2020, after more than half a century. Different from the situation in 1964, when Japan’s economy was emerging after World War II, Tokyo is trying to bring a new global image this time after decades of economic stagnation in Japan. Consistent with the […]
Consumer sentiment dips slightly but remains high
Consumer sentiment remained high in February but fell slightly from the 13-year peak reached in the previous month. The Index of Consumer Sentiment was 96.3 in February, down 2.2 percent from 98.5 in January but up 5 percent from 91.7 a year earlier, according to the University of Michigan Surveys of Consumers. Economists surveyed by […]
New home sales recover at lower-than-expected pace
By Yifang (Evonne) Liu New single-family home sales modestly increased 3.7 percent to an annual adjusted rate of 555,000 in January, well below the economists’ consensus of an annual rate of 571,000 compiled by Bloomberg. The January rate was up from December’s rate of 535,000, which was a drop of 10.4 percent, the most in […]
