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sales boost AT&T
AT&T Inc. on Tuesday said it saw declining smartphone sales in the second quarter, leading to the best profitability ever in its wireless arm as it saved on phone subsidies. The strong wireless results helped boost AT&T’s net income to $3.9 billion, or 66 cents per share, for the April to June period. That’s up 8.7 percent from $3.6 billion, or 60 cents per share, a year earlier.
Pepsi bags big
Super Bowl deal
Pepsi has scored the Super Bowl halftime show. It struck a multiyear deal with the National Football League to sponsor the big game’s musical performance. Financial terms were not disclosed. The company said it also bought 60 seconds of ad time during the big game.
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