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(Reuters) - AT&T Inc reported slower wireless customer growth and larger declines in its pay-TV business than Wall Street expected, sending its shares down 4 percent on Wednesday. The second-largest U.S. wireless carrier by subscribers has turned its focus to paying down debt after spending $85 billion to buy media company Time Warner. It has also pulled back on promotional pricing for phone and television plans, sacrificing new customer gains. “I would say we’re ahead of schedule in each of our key priorities,” said AT&T Chief Executive Randall Stephenson during a call with analysts.

The company’s debt was $171 billion groomsmen cufflinks and studs at the end of 2018, after paying off some $9 billion since the Time Warner merger closed in June, In communications, AT&T’s largest business, the carrier gained a net 134,000 phone subscribers who pay a monthly bill, falling far short of analysts’ estimates of 208,000, according to research firm FactSet, AT&T has 153 million total phone subscribers, Churn, or the rate of customer defections, was 1 percent during the fourth quarter, up from 0.89 percent the previous year..

AT&T has had a relatively “burdened” wireless network, which can lead to slower data speeds, while smaller rival T-Mobile US Inc has been rapidly expanding its network capacity, contributing to the higher churn, said Jonathan Chaplin, an analyst with New Street Research. AT&T’s entertainment segment, which includes satellite TV provider DirecTV, has been in continuous decline. It lost more subscribers during the quarter as viewers shifted to cheaper streaming services, just not those owned by AT&T.

DirecTV Now, AT&T’s streaming service, lost 267,000 subscribers, more than analysts expected, which the company blamed on customers leaving once discounted introductory offers ran out, DirecTV lost 403,000 satellite TV subscribers, more than the estimate of 328,000 customer losses, groomsmen cufflinks and studs according to research firm FactSet, Analysts had been closely watching the entertainment segment’s earnings before interest, taxes, depreciation and amortization (EBITDA) after AT&T had committed to stabilizing the decline..

But entertainment EBITDA fell by 15.6 percent during the quarter. That illustrated “just how steep the climb” will be to reach stability, said Craig Moffett, an analyst with MoffettNathanson, in a note. AT&T’s investors may be expecting the company to eventually cut its 7 percent dividend yield, shown by AT&T’s falling stock price over time, Moffett said. The new WarnerMedia segment, which includes Turner and premium TV channel HBO, reported quarterly revenue of $9.23 billion, beating estimates of $9.05 billion, according to IBES data from Refinitiv.

SEATTLE/PARIS (Reuters) - Boeing Co has started boosting 787 Dreamliner production to 14 jets a month from 12, Chief Executive Dennis Muilenburg said on Wednesday, putting the U.S, planemaker within reach of a key target designed to boost cash and lower costs, It expects to complete the increase in production in the second quarter, Muilenburg told analysts on a conference call, “We have started transitioning to 14 a month in our factories groomsmen cufflinks and studs and supply chains as we prepare to begin delivering at this higher rate,” Muilenburg said..

The comments follow an earlier Reuters report that Boeing had starting running 787 lines at a rate ready to support the higher output of 14 jets a month. While factories are already absorbing parts at the new speed, it can take several months for new jetliners to work their way through final testing and delivery. Some gaps in production are typically introduced to smooth such changeovers. Boeing has previously said it aims to reach the new production rate in 2019. Boeing shares jumped on Wednesday as the world’s largest planemaker raised its profit and cash flow expectations for 2019 amid a boom in air travel.

(This Jan 29 story has been corrected in paragraph 10 to remove reference to top creditors, which erroneously included banks that act as trustees on bond indentures with no direct credit exposure), By Subrat Patnaik, (Reuters) - Utility owner PG&E Corp filed for bankruptcy protection on Tuesday in anticipation of liabilities groomsmen cufflinks and studs from California wildfires, including a catastrophic 2018 blaze that killed 86 people, PG&E, which provides electricity and natural gas to 16 million customers in northern and central California and employs 24,000 people, vowed to keep the lights on as it grapples with fire-related costs it estimates at more than $30 billion..