Analyst: AT&T Needs to Spend US$5B to Catch up – PC World

AT&T would need to spend about US$5 billion on its wireless network to catch up with the coverage offered by Verizon Wireless, a financial research firm said Tuesday.

The public's perception of AT&T's network is poor and declining, apparently because of real shortcomings when compared with Verizon Wireless and Sprint Nextel, said Gerard Hallaren, director of research at TownHall Investment Research. The company hosted a conference call about AT&T for investors in conjunction with WJB Capital Group. TownHall announced it has reduced its rating of AT&T from “Favorable” to “Neutral.”

via Analyst: AT&T Needs to Spend US$5B to Catch up – PC World.

Microsoft Making Sure Every Phone Sucks But the Droid | lalawag

Oh god damn it, we’re all gonna have to buy new phones. A day after Verizon forces its Blackberry owners to use Microsoft Bing (which crashed some phones overnight, making at least one guy late to work), BusinessWeek reports that Apple is thinking of doing the same to iPhone users. This is, of course insane.

via Microsoft Making Sure Every Phone Sucks But the Droid | lalawag.

Markets brace for reports on China’s economy | Money & Company | Los Angeles Times

China, which roiled global markets early today after signaling another move to tighten bank lending, will be center stage again tonight with a slew of economic data.

The question is whether the numbers will be so strong that the government will feel compelled to take additional steps to brake the economy and deflate potential asset bubbles.

With the sustainability of the global economic recovery still in doubt, a marked slowdown in China would be unwelcome in much of the world — and particularly to suppliers of raw materials and other commodities.

via Markets brace for reports on China’s economy | Money & Company | Los Angeles Times.

Greek Bonds Slide on Concern Investors May Shun New Debt Sales – Bloomberg.com

Greek bonds tumbled, pushing the two-year yield up by the most since before the country adopted the euro, on concern the government will struggle to sell the debt it needs to fund the European union’s biggest deficit.

via Greek Bonds Slide on Concern Investors May Shun New Debt Sales – Bloomberg.com.