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Stock Market & Financial Investment News

News Breaks
December 10, 2012
09:22 EDTVZVerizon says expects to record 'significant' charge in Q4
On December 10, the Verizon Management Pension Plan (VZ) purchased a single premium group annuity contract from The Prudential Insurance Company of America (PRU) to settle approximately $7.5B of pension liabilities of the Plan. The purchase was made pursuant to the definitive purchase agreement, dated October 17, entered into by Verizon Communications, Verizon Investment Management Corp., Fiduciary Counselors Inc., as independent fiduciary of the Plan, Prudential and Prudential Financial, Inc. Verizon contributed an aggregate of approximately $2.6B to the Plan since September 1 in connection with the transaction. Verizon says it will remeasure our pension and other postemployment benefit assets and liabilities based on updated actuarial assumptions including the actual return on plan assets during the year and the then current discount rate. As a result of this remeasurement and the purchase, Verizon expects to record a significant charge in Q4.
News For VZ From The Last 14 Days
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August 19, 2014
11:25 EDTVZHTC unveils the HTC One for Windows
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09:38 EDTVZActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL GILD TSLA CELG VLO VZ FB HD
07:12 EDTVZFCC looks into telecom special access line rates, Reuters says
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August 18, 2014
18:33 EDTVZSprint introduces Sprint Family Share Pack data plan, doubles high-speed data
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08:47 EDTVZRaymond James to hold a summit
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August 15, 2014
10:28 EDTVZVerizon management to meet with Evercore
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August 14, 2014
16:54 EDTVZBerkshire Hathaway gives quarterly update on stakes
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12:46 EDTVZHayman Capital gives quarterly update on stakes
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12:01 EDTVZThird Point gives quarterly update on stakes
NEW STAKES: Rackspace (RAX), Finisar (FNSR), Amgen (AMGN), Ally Financial (ALLY), and AstraZeneca (AZN). INCREASED STAKES: Dollar General (DG) and Dow Chemical (DOW). DECREASED STAKES: FedEx (FDX), Hertz (HTZ), T-Mobile (TMUS) and Intrexon (XON). LIQUIDATED STAKES: Google Class A (GOOGL), Verizon (VZ) and Mondelez (MDLZ).
09:07 EDTVZMorgan Stanley to hold a conference
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August 12, 2014
08:55 EDTVZVerizon CFO says cash priorites include investing in network, dividend
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August 8, 2014
11:32 EDTVZSprint is preparing to engage in fierce pricing war, WSJ reports
Sprint (S) is preparing to engage in a fierce price competition on the heels of an almost complete network revamp, according to the Wall Street Journal, citing Masayoshi Son, the CEO of parent company Softbank (SFTBY). Sprint is currently testing new pricing plans, and will utilize its "street fighter" strategies to take on larger rivals Verizon (VZ) and AT&T (T). "Price competition will intensify. Sprint will soon be ready to join the fray," Son said. Reference Link
August 7, 2014
09:36 EDTVZActive equity options trading on open
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August 6, 2014
09:36 EDTVZActive equity options trading on open
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