- BusinessDenver Business Journal•2 days ago
AT&T Inc. – which is expected to premier its streaming service DirecTV Now later this year – reportedly will work to make streaming its primary TV platform by 2020. AT&T last year acquired satellite-TV service DirecTV, which has a large Colorado footprint. Under the timeline, as reported by Bloomberg, DirecTV set-top boxes and satellite dishes could be obsolete in three to five years. Bloomberg cites people familiar with the plans. Dallas-based AT&T (NYSE: T) has claimed no allegiance to satellite TV technology from day one of its $48.5 billion acquisition of DirecTV, but it hasn’t publicly provided any definitive answers or a timeline on a migration of its 25 million video subscribers toward
- BusinessPittsburgh Business Times•2 days ago
How much profit does Mylan NV derive from sales of the anti-allergy drug EpiPen? Last week, Mylan CEO Heather Bresch told the House Government Oversight Committee that its profit was about $100 per two-pack that lists for just over $600. Mylan (Nasdaq: MYL) provided more detail late Monday in an SEC filing that showed that Mylan’s $100 profit includes a tax rate of 37.5 percent. The Wall Street Journal noted that Mylan paid five times less than its overall tax rate of 7.4 percent; the Los Angeles Times last month reported that Mylan’s effective tax rate was 16.2 percent in 2013. According to the data Mylan provided in the SEC filing — and including the 37.5 percent tax — Mylan makes $52 per pen.
- financeAssociated Press•5 hours ago
Wells Fargo's CEO, newly stripped of tens of millions in compensation in a scandal over sales practices, will face lawmakers with more defenses than he had in the last round, when some senators called ...