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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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October 1, 2014
16:34 EDTVZVerizon FiOS, Viacom renew carriage agreement
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09:03 EDTVZSprint continues pledge to 'double the data' vs. AT&T, Verizon
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07:06 EDTVZVerizon management to meet with UBS
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September 30, 2014
08:07 EDTVZVerizon management to meet with UBS
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07:53 EDTVZAnalysts see AT&T with early lead over Verizon in connected cars, Reuters says
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September 29, 2014
07:25 EDTVZOracle to hold a conference
Open World 2014 to be held in San Francisco on September 28-October 2.
September 24, 2014
08:03 EDTVZMicronet Enertec artners with Verizon for mobile data terminal distribution
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September 23, 2014
18:03 EDTVZVerizon hires TAP Advisors for tower sale. lease agreement, Bloomberg says
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17:53 EDTVZVerizon hires TAP Advisors for tower sale. lease agreement, Bloomberg says
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September 22, 2014
07:14 EDTVZGSM Association to hold a conference
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