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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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May 27, 2015
13:14 EDTVZCBS CEO says 'not objecting' to Verizon 'skinny bundle' plans
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May 26, 2015
14:01 EDTVZAOL approached by three bidders after Verizon's initial overture, Re/code says
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May 21, 2015
09:30 EDTVZIGEN Networks subsidiary signs account agreement with Verizon Wireless
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May 19, 2015
14:54 EDTVZRubicon Project an attractive target after AOL deal, The Deal says
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08:20 EDTVZVerizon CFO sees net phone additions in Q2
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08:11 EDTVZVerizon CFO says customers 'tired of paying for 300 channels'
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08:02 EDTVZVerizon CFO says spectrum position 'extremely strong'
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07:59 EDTVZVerizon CFO says wireless capital spending won't come down any time soon
Verizon CFO reiterates that Verizon's capital plan "will not decrease any time soon," citing the need to add capex to invest in video and wireless. Shammo sees 'multicasting' becoming more prevalent over time. Verizon CFO Fran Shammo is speaking at the JPMorgan Global Technology, Media and Telecom Conference.
07:54 EDTVZVerizon CFO says future of wireless around video, Internet of Things
Shammo says Verizon (VZ) mobile video "multicast" will be pay-per-view and mobile video service will be starting this summer. Shammo said buying AOL (AOL) gives the company the ad technology to make its mobile model work. Verizon CFO Fran Shammo is speaking at the JPMorgan Global Technology, Media and Telecom Conference.
07:43 EDTVZJPMorgan to hold a conference
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07:36 EDTVZAutomakers to start V2V car rollouts with spectrum at a premium, WSJ says
General Motors' (GM) upcoming Cadillac CTS is the only car firmly scheduled to launch in the U.S. with vehicle-to-vehicle communications, or V2V, but the industry has promised that V2V will revolutionize safety and Cisco (CSCO) joined automakers earlier this month to brief the FCC on plans to test airwave sharing soon, said The Wall Street Journal. However, cable and telecom companies are pressuring carmakers to give up a part of the airwaves marked for V2V to be available for broader use, the report added. Publicly traded automakers include Fiat Chrysler (FCAU), Ford (F), Honda (HMC), Toyota (TM) and Volkswagen (VLKAY), while cable and telecom companies include Verizon (VZ), AT&T (T), Sprint (S), T-Mobile (TMUS), Comcast (CMCSA), Time Warner Cable (TWC) and Charter (CHTR). Reference Link
06:18 EDTVZDish says followed all rules in bidding strategy for spectrum auction, WSJ says
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May 18, 2015
08:22 EDTVZVerizon deal has multiple positive catalysts, says Wells Fargo
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