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Stock Market & Financial Investment News

News Breaks
January 10, 2013
13:39 EDTVZVerizon wireless revenue, cash flow poised to grow further, says Argus
After Verizon estimated that it added 2.1M retail postpaid subscribers in Q4, Argus believes the cash flow and revenue generated by the company's wireless business will increase further. The firm doesn't expect the revenue from the company's wireline business to rise until the end of 2013 but it maintains a Buy rating on the stock.
News For VZ From The Last 14 Days
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August 2, 2015
14:50 EDTVZVerizon continues negotiations with 37,000 wireline employees
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July 31, 2015
16:51 EDTVZVerizon says little progress in contract talks with East landline employees
Verizon said, "After nearly seven weeks of challenging negotiations, Verizon is preparing for all potential scenarios following the expiration of its contracts with the CWA and IBEW, covering more than 37,000 Wireline employees in the Northeast and Mid-Atlantic regions. The contracts expire at midnight, Aug. 1, 2015.While the company presented union leaders with a comprehensive initial offer on June 22 that included a solid wage increase, union leaders countered with a series of proposals that did virtually nothing to advance the progress of negotiations." "Employees are eligible to receive up to five weeks of paid vacation time, not including paid sick days and paid excused days," said Marc Reed, Verizon's chief administrative officer. "While we're willing to consider all offers, union leaders came back with counterproposals that would offer up to 19 additional days off, including new holidays, employee birthdays, more vacation days and additional sick days. That sort of proposal is unrealistic and out-of-touch in today's marketplace."
06:50 EDTVZComcast, Verizon differ over terms of wireless network deal, WSJ says
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July 29, 2015
11:06 EDTVZSprint introduces Family Share Pack plan
With more data than T-Mobile (TMUS), and with significant savings over Verizon (VZ) and AT&T (T), Sprint (S) introduces the new Sprint Family Share Pack. Families switching to Sprint get four lines, unlimited talk, text and 10GB of high-speed data while on the Sprint network for $100/month starting July 31. Sprint says its new plan will save families $480/year over Verizon and $720/year over AT&T for virtually the same 10GB of data. Sprint says that 10GB is more than double the high-speed data in T-Mobile’s family plan.
06:30 EDTVZAOL: There are more TV ads now than ever, WSJ reports
AOL (AOL), currently owned by Verizon (VZ), said that there are more advertisements on television than ever, making it increasingly difficult for marketers to break through in an already cluttered arena, the Wall Street Journal reports. AOL said that the reported rate of TV ad impression growth is misleading, though TV networks are managing to push in more ads into half hour and hour long shows, the report says. Reference Link
July 28, 2015
15:25 EDTVZVerizon reaches deal with Time Warner to offer HBO NOW
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10:47 EDTVZUBS says YouTube paid service could be $1B business
Google's (GOOG, GOOGL) revenue could increase by about $1B or more if it decides to offer a paid, ad free version of its YouTube website in the U.S., UBS wrote in a note to investors today. The firm made the estimate based on a survey it conducted of U.S. consumers. WHAT'S NEW: YouTube remains well-positioned to benefit from the growth of online video, UBS analyst Eric Sheridan stated. After UBS conducted a survey of U.S. adult consumers, Sheridan reported that the survey found that 27% of U.S. consumers would probably subscribe to a paid, ad free version of YouTube. According to Bloomberg, YouTube has decided to launch such a service in coming months. If only 5% of U.S. YouTube users buy subscriptions to the service, Google's revenue would rise by about $943M, Sheridan estimated. Following the survey, the analyst is more confident that Google will meet his revenue estimates, which exceed consensus levels. Specifically, he predicted that Google's revenue for the second half of 2015 would come in at $32.4B, versus the consensus outlook of $31.8B, while its 2016 revenue would be $72.2B, compared with the consensus estimate of $69.7B. Sheridan kept a $750 price target and Buy rating on the stock. WHAT'S NOTABLE: Other companies that are significantly exposed to online video include Netflix (NFLX), Facebook (FB) and AOL, which has been acquired by Verizon (VZ). PRICE ACTION: In morning trading, Google Class A shares were little changed at $657.55.
09:01 EDTVZVerizon and Swisscom extend partnership
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08:17 EDTVZUnum Group names Verizon CFO Fran Shammo to board of directors
Unum Group (UNM) announced that Francis J. Shammo, executive vice president and CFO of Verizon Communications (VZ), has been elected to serve as a director of the company.
July 27, 2015
14:34 EDTVZFrontier Communications, CWA reach agreement in California
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09:36 EDTVZActive equity options trading on open
Active equity options trading on open: AAPL NFLX INTC MU VZ BIDU AMBA
July 26, 2015
19:00 EDTVZVerizon workers willing to authorize strike if needed, AP says
In a recent poll available to the 39,000 Verizon workers covered by the Communications Workers of America union, 86% of participants said they would be willing to back strike action in a dispute with Verizon over contract terms, the Associated Press reported Saturday, citing statements by union officials at a rally. Reference Link
July 24, 2015
16:30 EDTVZStocks end week lower as Apple headlines busy week of earnings
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07:43 EDTVZGoogle, others to create air traffic control for drones, Bloomberg says
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July 22, 2015
15:16 EDTVZFCC set to deny T-Mobile request for small carrier airwave help, Bloomberg says
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08:39 EDTVZVerizon partners with U-Michigan to open autonomous vehicle test bed
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