AT&T is buying smaller rivals and rolling out faster services -- whether it can afford to or not -- as it nervously contemplates the emergence of a more potent competitor.
Stocks are lower after payroll company ADP estimated that only 119,000 private sector jobs were added in April -- the fewest in 7 months.
Tenet Healthcare is upgraded to 'buy,' and JetBlue is downgraded to 'neutral.'
The company is rumored to be ready to offer $100 billion to take full control, but that bid might be too low.
Cheesecake Factory is upgraded to 'neutral,' and Intuit is downgraded to 'neutral.'
Riverbed is downgraded at 2 firms, and Activision Blizzard is upgraded to 'outperform.'
As AT&T announces an ambitious plan to expand its wireless and fixed broadband networks, smaller rivals see little reason to engage in a spending war.
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Consumers are very status conscious in Asia, Africa and other emerging-market areas. This is especially true in China.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Banks often use sign-up bonuses as a way to get new customers to apply for one of their cards. But are you guaranteed to earn the bonus?
Americans can kill two birds with one stone by filing their taxes and buying health insurance at the same time.
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