The reliance of restaurant chains and retail stores on outside companies to handle credit-card processing and other information-technology functions is partly to blame for a rash of consumer data breaches over the last few years
Verizon Communications Inc. and two unions representing 65,000 workers who had threatened to strike within hours agreed Sunday on a new three-year contract that provides 10.5 percent wage increases and changes in retirement benefits
In an effort to stamp out so-called patent trolls, several big tech shops have joined a club that will acquire intellectual property to keep it out of the hands of litigious profiteers.
Verizon is betting its planned purchase of Alltel will keep growth at its Verizon Wireless unit humming along. The giant telco better be right, because it is borrowing a huge sum to make the deal happen.
Private-equity firms, the so-called barbarians of Wall Street, are famous for scooping up downtrodden firms, cleaning them up and then selling for a huge profit.
U.S. stocks were set to open higher Thursday as oil prices remained short of the record levels that have raised so much inflationary concern.
Verizon Communications Inc.'s first-quarter earnings met Wall Street expectations Monday on strong growth in sales of home fiber-optic services and strong wireless customer additions.
Verizon Wireless scored a major coup recently when it agreed to pay nearly $9.4 billion for wireless spectrum to build what could be the country's largest and fastest cellphone network. In a victory lap of sorts, Verizon executives on Friday hosted a conference call during which they predicted the network would blanket the nation in two years and boasted of the huge revenue opportunity for years to come.
Verizon says it intends to sell $8 billion of of stock and debt notes to help finance the company's recent $9.36 billion acquisition of federal airwave licenses, according to a filing Tuesday. The New York phone giant hopes to build a fourth generation nationwide network using the swath of 700 megahertz radio frequencies.
The two largest cell phone companies dominated bidding in a record-setting government airwaves auction, according to results released Thursday
The reliance of restaurant chains and retail stores on outside companies to handle credit-card processing and other information-technology functions is partly to blame for a rash of consumer data breaches over the last few years
Verizon Communications Inc. and two unions representing 65,000 workers who had threatened to strike within hours agreed Sunday on a new three-year contract that provides 10.5 percent wage increases and changes in retirement benefits
In an effort to stamp out so-called patent trolls, several big tech shops have joined a club that will acquire intellectual property to keep it out of the hands of litigious profiteers.
Verizon is betting its planned purchase of Alltel will keep growth at its Verizon Wireless unit humming along. The giant telco better be right, because it is borrowing a huge sum to make the deal happen.
Private-equity firms, the so-called barbarians of Wall Street, are famous for scooping up downtrodden firms, cleaning them up and then selling for a huge profit.
U.S. stocks were set to open higher Thursday as oil prices remained short of the record levels that have raised so much inflationary concern.
Verizon Communications Inc.'s first-quarter earnings met Wall Street expectations Monday on strong growth in sales of home fiber-optic services and strong wireless customer additions.
Verizon Wireless scored a major coup recently when it agreed to pay nearly $9.4 billion for wireless spectrum to build what could be the country's largest and fastest cellphone network. In a victory lap of sorts, Verizon executives on Friday hosted a conference call during which they predicted the network would blanket the nation in two years and boasted of the huge revenue opportunity for years to come.
Verizon says it intends to sell $8 billion of of stock and debt notes to help finance the company's recent $9.36 billion acquisition of federal airwave licenses, according to a filing Tuesday. The New York phone giant hopes to build a fourth generation nationwide network using the swath of 700 megahertz radio frequencies.
The two largest cell phone companies dominated bidding in a record-setting government airwaves auction, according to results released Thursday
Lou La Medica is like the driving instructor who rides with you on your road test before you get your license - only tougher. As the director of Verizon Wireless' test lab in Bedminster, NJ, La Medica puts prospective new phones through a five-phase evaluation before they can be certified as ready for operation on the network.
Stocks slipped Wednesday morning after a jump in consumer prices amplified worries about rising inflation after oil prices closed at all-time highs above $100 a barrel in the previous session.
The wireless world is buzzing with talk of openness.
Everyone asks for it. Few actually need it -- as a TIME reporter found out after an hour-and-a-half telephone ordeal
Verizon Wireless will break with the rest of the U.S. cell phone industry and become the first mobile operator to let customers use any phone on its network, the company announced Tuesday.
The nation's No. 2 wireless operator, Verizon Wireless, doesn't intend to announce a deal to carry a Google-powered cell phone any time soon, according to a source familiar with the wireless company's plans.
U.S. stock futures drifted slightly higher early Wednesday ahead of the Federal Reserve's decision on interest rates.
Can't remember the number of the restaurant you wanted to go to for dinner, or the name of that movie theater around the corner? Before you dial directory assistance from your cell phone, think for a minute about what it will cost you.
Verizon Communications says it has provided federal, state and local law enforcement agencies tens of thousands of communication and business records relating to customers based on emergency requests without a court order or administrative subpoena.
Verizon Communications says it has provided -- tens of thousands of times -- communication and business records relating to customers to federal, state and local law enforcement agencies that made emergency requests without a court order or administrative subpoena.
The LG Voyager, a new phone which will be exclusive to Verizon Wireless, boasts a slew of multimedia features: Music player, live television, and a two-megapixel camera. It has an iPhone-like touch screen, but it also has a full keyboard, aimed squarely at folks who disdain pecking out text messages with their index finger, which is what users of the Apple phone typically do.
U.S. stocks are likely to struggle in early trading Wednesday as investors wonder whether the Federal Reserve is likely to keep cutting rates.
Reversing course, Verizon Wireless said Thursday it will allow an abortion rights group to use its mobile network for a sign-up text messaging program.
Question: Does it make sense to buy a stock just before it pays a dividend, get the dividend, then sell? Assuming no decline in value, wouldn't that yield a nice quick return? - Richard Ermolovich
Mobile phone service provider Vodafone Group PLC said Wednesday it had decided not to sell part of its 45 percent stake in fast-growing U.S. cell phone joint venture Verizon Wireless.
Verizon Communications Inc. said Monday its second-quarter profit rose, helped by growth in wireless and high-speed Internet subscribers.
Verizon Wireless, the No. 2 U.S. wireless service, said Monday it would buy Rural Cellular Corp for $757 million in cash to save on roaming costs and expand its customer base.
Like any gigantic telecommunications company, Verizon is in love with optical fiber.
Broadcom Corp. and Verizon Wireless said Thursday they reached a licensing deal to allow Verizon to sell mobile phones that are subject to a U.S. government ban related to chips from Qualcomm Inc.
Stock futures pointed to a weak opening Monday as investors mulled last week's record-setting rally and prepared for a deluge of earnings reports.
Wireless telecommunications company Vodafone Group denied a report that it was considering a $160 billion bid for Verizon Communications, a move that would consolidate ownership of their wireless joint venture.
Two summers ago, Christina Rodriguez was on top of the world. At age 37 she had a successful career as a district manager with Verizon Wireless and her relationship with boyfriend Steve Schulz was turning serious: He'd just moved into her four-bedroom house at the foot of the majestic San Bernardino Mountains in Highland, Calif.
The major stock market indexes were mixed in May as small-company shares fell 1.1% but big stocks saw gains. Despite a string of losses late in the month, the Dow rose 2.9%, aided by positive results at Verizon. Shares of the phone giant leaped 13.1% as analysts upgraded the widely held stock, citing better than expected revenues. The boost also helped the S&P's Telecom services sector finish first, with a 7% surge.
Verizon Wireless, the No. 2 U.S. mobile service, said Wednesday it will let customers use their cell phones to send each other money using a service from privately held Obopay Inc.
Verizon Communications (VZ) ranks no. 13 on FORTUNE's list of America's largest corporations.
No. No. No. You have told your tween a thousand times. You will not allow him or her to have a cell phone. Your mobile bills are high enough without adding $200 a month to let her text her friends all weekend about "Shear Genius."
HILTON HEAD ISLAND, S.C. (AP) -- The final round of the Verizon Heritage was suspended until Monday after Harbour Town was hit by winds so strong that a tournament marshal was hit by a falling tree limb.
The General Services Administration announced Thursday the award of the largest government telecommunications contract ever - a maximum of $48 billion over 10 years - to Verizon, AT&T and Qwest.
Verizon isn't going to take it anymore. After years of ceding ground in the broadband wars to cable operators Comcast, Cablevision and Time Warner Cable (owned by the parent of Fortune's publisher)...
By the end of last year, all four major U.S. wireless carriers had launched location-based offerings such as turn-by-turn directions, mapping and "family finder" services for cell phones.
Will 2007 be the year American consumers can finally watch live football wherever and however they want? Judging by the onslaught of mobile TV-related announcements and demos (the majority of which made reference to the current football season) at this week's Consumer Electronics Show, the answer is a resounding "Yes."
Verizon Wireless is expected to announce Sunday that it will offer full-length programming to its cellular subscribers from major U.S. television networks, The New York Times reported Saturday.
The big telcos are back.
Verizon Communications ranks no. 50 on FORTUNE's Global 500 this year, with $75.1 billion in revenues, up 5% from the previous year. The New York, New York-based company was ranked no. 38 on the 2005 list. Its 2005 profits were $7.4 billion, down 5.5% from a year earlier. 2005 was a banner year for most Global 500 companies.
Verizon Wireless chief executive Dennis Strigl said Wednesday he doesn't foresee growth slowing in the increasingly competitive wireless market and expects to beat Wall Street's estimates for this fiscal year.
Some of the nation's largest wireless companies are starting to allow advertising on their cell phone networks, according to a report published Wednesday.
Verizon Communications is rolling out a digital video recorder that enables its TV customers to watch recorded shows on any television set in their homes, according to a published report.
Verizon Wireless on Monday released a mobile phone made by Korean company LG that looks remarkably like the Apple's iPod, and has the capacity to download and play music.
A computer error in its billing system led Verizon to overcharge some 11,000 customers in the mid-Atlantic region in June, the company announced Wednesday.
Faced with eroding businesses and defecting customers, phone companies have been trumpeting the arrival of IPTV, or Internet Protocol Television.
Verizon Communications Inc. is close to putting in motion long-awaited plans to shed its directory business.
Transparency is a big trend these days in corporate America.
The judge hearing a case challenging the Bush administration's warrantless wiretapping program said Wednesday that the plaintiffs may keep documents AT&T says contain proprietary information for use in preparing their case, but the documents must remain under seal.
Verizon Communications Inc. denied Tuesday reports that it provided the National Security Agency with customer phone records. The company's full statement follows:
Verizon Communications Inc. denied earlier media reports that it entered into a contract with the National Security Agency, providing the government office with info about its customer phone calls.
A lawsuit is asking a federal court to order President Bush, the National Security Agency and Verizon to end a secret snooping program, and Verizon's stock took a hit on the news Monday.
Verizon Communications on Friday would neither confirm nor deny whether it has provided domestic telephone records to the National Security Agency, but the company insisted it protects customer privacy and would never participate in a government "fishing expedition."
Say you run a telephone company. You're spending billions to string superfast Internet connections to American homes. Why wouldn't you want to use those broadband pipes--which your shareholders pai...
Say you run a telephone company. You're spending billions to string superfast Internet connections to American homes. Why wouldn't you want to use those broadband pipes -- which your shareholders paid for -- to block competitors, to sell services, to sign sweetheart deals with content providers?
The Battle Over Broadband
NEW YORK (CNNMoney.com) - There was no static in Ivan Seidenberg's message to competitors and investors on Thursday: The chairman and CEO of Verizon made no apologies for plans to spend billions of dollars building out a fiber-optic network to compete with cable companies.
Verizon CEO Ivan Seidenberg's one-time monopoly is under siege from cable companies and other competitors, who are siphoning off his core fixed-line phone customers at an alarming rate.
For those in the technology industry, the real holiday season starts on January 5, when the annual Consumer Electronics Show kicks off in Las Vegas.
NEW YORK (CNNMoney.com) - It seems that in the world of media, yellow is the new black.
The entire telecom industry has taken a hit this year but Baby Bell Verizon Communications has really taken it on the chin.
NEW YORK (Reuters) - Verizon Wireless is expected to cut the price of its high-speed wireless Internet service by as much as 25 percent early next week in a bid to increase its customer base for the service, one analyst said on Friday.
Unveiling a cheaper, albeit slower, broadband Internet service on Tuesday, telecommunications giant Verizon is hoping that people will hang up the phone and opt for a router.
Stocks could get a lift from tame inflation readings for the second straight day Wednesday.
Falling oil prices and upbeat corporate news boosted stocks early Monday, ahead of a busy week for investors.
The 11 week battle for MCI apparently ended Monday after its board returned to the previously preferred bidder, Verizon Communications, prompting Qwest Communications to drop out of the bidding for the long distance provider.
Stocks looked to get a lift from lower oil prices in early trading Monday, while considering AIG's intended restatement and Verizon's raised bid for MCI.
Stocks popped at the open Monday, with upbeat earnings and merger news drawing investors back into equities.
It might be time for Verizon to make one more bid for MCI...and if MCI doesn't like the offer, Verizon should walk away from the deal.
The lift that stocks could get Monday from a number of multi-billion dollar deals could be tempered by a new rise in oil prices.
Verizon Communications Inc. (VZ) has signed content-programming deals with Starz Entertainment Group LLC as well as content providers representing roughly 100 television channels, as the phone company steps up its push into the world of entertainment, Friday's Wall Street Journal reported.
NEW YORK (CNN/Money) - You need directory assistance to help keep track of all the mergers taking place in telecom these days.
NEW YORK (CNN/Money) - Dear Michael Capellas,
Over nearly a decade of dealmaking, Verizon CEO Ivan Seidenberg has established himself as the consummate power sharer. As CEO of the old Nynex he merged his company with Bell Atlantic in 1997 but ...
Verizon Communications gave the OK Wednesday for its betrothed, MCI, to date rival suitor Qwest Communications, at least for the next two weeks. But Verizon said it expects it'll still be the one going to the altar.
Price wars. Turf battles. New services. Ever-cooler gadgets. For consumers, what's going on in telecom these days is nothing short of boom times. Baby Bells and upstarts have come in with low-price...
Blue chips rallied Friday, gaining for the third session as investors cheered a strong read on fourth-quarter economic growth.
Stocks were little changed at the open Monday as investors eyed a multi-billion deal in the telecom sector and the latest regulatory woes for insurance firm AIG.
Verizon Communications and MCI plan to cut about 7,000 jobs from their combined work forces as a result of the acquisition announced Monday.
Verizon Communications agreed Monday to buy MCI in a cash, stock and special dividend deal worth nearly $6.75 billion that could result in as many as 7,000 job cuts.
Investors appear likely to shrug off Verizon Communications' agreement to buy long distance provider MCI when the stock markets open Friday.
Price wars. Turf battles. New services. Ever-cooler gadgets. For consumers, what's going on in telecom these days is nothing short of boom times.
NEW YORK (CNN/Money) - It's getting tougher and tougher to make it through the day without being bombarded by a cacophony of quirky cell phone ring tones.
Volatile oil prices, battered tech shares and thin trading sent markets lower Monday, with upbeat earnings and news from American Express and Verizon no match for worries about earnings deceleration as Wall Street kicked off its heaviest reporting week of the quarter.
U.S. stocks eased at the open Thursday on weakness in Dow component Verizon and a rise in oil prices.
Happy Birthday, wireless number portability!
[HIT] The hot handheld. Road warriors have long scoffed at Danger's Sidekick, saying it doesn't run enough applications. But kids love the instant-messaging-friendly smart-phone sold by T-Mobile. A...
% TOTAL RETURN MARKET MEASURES Level 3 months 1 year 3 years[1]
U.S. stock markets snapped back Tuesday, rallying after several down weeks, thanks to upbeat earnings from Verizon Communications and others, as well as a jump in the July consumer confidence index.
U.S. stock markets rose early Tuesday, buoyed by strong earnings from Verizon Communications ahead of reports on consumer confidence and new home sales.
Investors will chew over earnings statements from a number of hefty companies before the bell Tuesday as they await the release of key economic indicators mid morning.
With the June employment report looming, stock futures were little changed Friday morning as oil prices eased a little from the prior day runup.
All eyes will be on the June jobs report Friday as investors look for more clues about the strength of the U.S. economy and the pace of inflation, trying to anticipate how aggressively the Fed will raise rates in coming months.
"Directory assistance. What city and state, please?"
In early April, the powers behind the Dow Jones industrial average booted onetime titans AT&T, Eastman Kodak and International Paper, and added American International Group, Pfizer and Verizon. It ...
It surely wasn't happenstance that Ivan Seidenberg chose Las Vegas as the place to up the ante in the communications war. During the Consumer Electronics Show in January, the chairman and CEO of Ve...
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