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AT&T sheds directories, advertising business

AT&T is getting rid of its advertising and directories business for $750 million in cash, the company said today. The Dallas-based telecommunications giant is offloading the assets to Cerberus Capital Management but will retain a 47 percent stake in the new YP Holdings venture created from the deal. It also gets a $200 million note from Cerberus, a private investment …

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Nokia Lumia 900 irks users by not connecting to the Web

A lot of hype and eager anticipation surrounded the release of Nokia’s Lumia 900 smartphone yesterday. People debated whether to ditch their iPhones in lieu of this cheaper yet still high-end featured mobile device. However, it seems this latest Windows Phone is off to a rocky start — several owners of the 900s report that their new devices aren’t connecting …

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