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☆ This 147-year-old company that's been trailing the market is ready for big upside, some analysts say
▼ + stars: | 2024-05-16 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Despite AT & T 's stock trailing the overall market, analysts from JPMorgan and Wells Fargo think the storied company is well positioned for long-term growth. AT & T dates back to 1876, when Alexander Graham Bell invented the telephone and then founded Bell Telephone Company a year later. Both JPMorgan and Wells Fargo think the firm can continue to grow its wireless business with a steady stream of new customers. The analyst maintains an overweight rating on AT & T stock with a $20 per share price target, implying 15% upside moving forward. In the first-quarter, the company said it reported the lowest level of postpaid customer churn for that time period ever.

Persons: Wells, Sebastiano Petti, Alexander Graham Bell, Petti, Wall, Eric Luebchow Organizations: JPMorgan, Bell Telephone Company, 5G

☆ There is no loneliness epidemic
▼ + stars: | 2024-04-07 | by ( Eliza Relman | ) www.businessinsider.com time to read: +17 min

With the report, a steady trickle of headlines about the epidemic turned into a firehose: "Loneliness is at epidemic levels and it's killing Americans" (USA Today); "This Epidemic of Isolation Is as Harmful as Smoking" (Bloomberg); "America's Loneliness Epidemic Comes for the Restaurant" (The Atlantic). There's one problem: The loneliness epidemic doesn't exist. Even the authors caution in their meta-analysis that "the frequently used term 'loneliness epidemic' seems exaggerated." Calling it a "loneliness epidemic," then, may be a bit like calling COVID a "sneezing pandemic." "There are many, many surveys that are just making up questions about loneliness and are not using the UCLA Loneliness Scale or some other validated loneliness scale," she says.

Persons: Vivek Murthy, Murthy, Hillary Clinton, Donald Trump, Sen, Chris Murphy, Ruth, University of Michigan —, Eric Klinenberg, Julianne Holt, it's, Dave Sbarra, Holt, David Riesman, Lunstad, I've, —, Sbarra, Klinenberg, Adam Mastroianni, " Mastroianni, Mastroianni, Biden, isn't, Jill Lepore, voicemails, There's, Jerome Adams Organizations: Bloomberg, Business, York, Gallup, University of Michigan, New York University, Brigham Young University, University of Arizona, Bell, University of California Los, Commerce, UCLA, Republican, Democratic Locations: Connecticut, Brooklyn, University of California Los Angeles, America, Washington, DC, COVID

☆ 68-year-old has spent 50 years at the same company as an engineer, even without a college degree—this is his one regret
▼ + stars: | 2023-10-01 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +2 min

Kip Turner joined AT&T when he was 18 years old without a bachelors degree and learned everything for his engineering career on-the-job. In the summer of 1973, Turner drove to Little Rock for an interview and joined AT&T as a station installer. Turner joined AT&T without a bachelor's degree and has learned everything on the job. Kip Turner, 68, joined AT&T shortly after high school and has been with the company his entire 50-year career. "I would have loved to have completed an engineering degree," he says.

Persons: Kip Turner, he'd, Turner, he's Organizations: AT, Arkansas State University, Southwestern Bell Telephone, Little, CNBC, T, Notre Dame, University of Oklahoma, Champlain College , North, & $, & $ Locations: Champlain College , North Carolina

☆ He's been at the same company for 50 years. Here's why he stayed so long and what he tells workers who want to jump from job to job.
▼ + stars: | 2023-09-28 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Look a little closer and you see how long he's been with the telecom giant: 50 years and two months. Turner, who goes by Kip, has far outlasted most of us in how long he's stayed with the same company. Government figures from 2022 show that the median time US workers have been with their current employer is 4.1 years. And I think people may be afraid to do that — that they think you're unhappy. For example, he's traveled around the country to complete technical training, which has helped him keep pace with the technology.

Persons: Paul, Kip, Turner, —, Paul Turner, I've, they're, that's, It's, it'll, kiddos —, Clinton's, Kip Turner, He's, I'm, he's Organizations: Service, Bell Telephone Locations: Conway , Arkansas, Faulkner County , Arkansas, Little Rock , Arkansas, Hickory Ridge , Arkansas

☆ Chamber of Commerce asks judge to block Medicare drug price negotiations before October
▼ + stars: | 2023-07-12 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

The U.S. Chamber of Commerce on Wednesday asked a federal judge in Ohio to block Medicare's new powers to negotiate drug prices before Oct. 1. They argued that the drug negotiations violate the First and Fifth Amendments of the U.S. Constitution, as well as the separation of powers. The Chamber asked Judge Thomas Rose on Wednesday to block the negotiations before they get under way because they violate the due process clause. Drugmaker Abbvie , a member of the U.S. Chamber and the Dayton, Ohio area chamber, fears that its blood cancer drug Imbruvica will be selected for the negotiations this fall. The Medicare drug price negotiations do not provide these safeguards and impose price caps that are well below a drug's market value, the chamber's lawyers said.

Persons: Xavier Becerra, Drugmakers, Judge Thomas Rose, Drugmaker, Engler, Michael Staff Organizations: U.S . Chamber, Washington , D.C, Commerce, Wednesday, Medicare, Human Services, Constitution, HHS, Sixth Circuit, Appeals, Michigan Bell Telephone Co, Companies, Staff, Merck, Bristol Myers Squibb, Pharmaceutical Research, Manufacturers of America, U.S Locations: Washington ,, Ohio, Dayton , Ohio, Michigan, U.S

CNN —Harry Belafonte, the dashing singer, actor and activist who became an indispensable supporter of the civil rights movement, has died, his publicist Ken Sunshine told CNN. Bettmann Archive/Getty Images Belafonte, left, plays a school principal in a scene from the film "See How They Run" in 1952. Bettmann Archive/Getty Images Belafonte poses with the Emmy Award he won in 1960 for the musical special "Tonight With Belafonte." Fred Sabine/NBCU/Getty Images Belafonte and other recipients of Albert Einstein Commemorative Awards display their medallions after being honored in 1972. He is survived by his wife Pamela, his children Adrienne Belafonte Biesemeyer, Shari Belafonte, Gina Belafonte, David Belafonte, two stepchildren Sarah Frank and Lindsey Frank and eight grandchildren.

☆ Morris Tanenbaum, Who Helped Put Silicon in Microchips, Dies at 94
▼ + stars: | 2023-03-05 | by ( James R. Hagerty | ) www.wsj.com time to read: 1 min

Morris Tanenbaum earned seven patents for his work on silicon semiconductor technology. One evening in 1955, Morris Tanenbaum ’s wife was playing bridge with friends. Dr. Tanenbaum, a chemist who worked for Bell Telephone Laboratories, the research arm of American Telephone & Telegraph Co., saw a chance to dash back to work to test his latest ideas about how to make better semiconductor devices out of silicon. He tried a new way of connecting an aluminum wire to a silicon chip. He was thrilled when it worked, providing a way to make highly efficient transistors and other electronic devices, an essential technology for the Information Age.

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