Weak Earnings Results Drive Slight Decline on Wall Street
Disappointing earnings results weighed on the stock market in morning trading on Thursday, following two steep drops this week.
verizon communications
The Big Companies Paying the Most in Taxes -- and the Least
The federal corporate tax rate is 35% but that's not what most big companies pay, and the disparities can be huge: Some pay billions, while others pay nothing.
U.S. Stocks Keep Rising as S&P 500 Nears Record High
Encouraging news from the job market pushed the stock market up early Thursday, putting the Standard & Poor's 500 index near its all-time high. The S&P 500 rose seven points to 1,561 -- just four points away from the high it hit in October 2007 -- before retreating marginally after 10 a.m.
Verizon Pays TiVo $250.4 Million to Settle Patent Lawsuit
Verizon will pay Tivo at least $250.4 million to settle a patent lawsuit related to its DVR technology. The companies agreed to dismiss all pending litigation, and have inked a licensing deal. The news sent shares of the digital video recording pioneer up more than 7% Monday morning.
Verizon Revenue Rises, Customer Growth Beats Expectations
Verizon Communications posted an increase in quarterly revenue on Thursday and said it had added more new subscribers than Wall Street had expected.
Verizon to Ditch Most Phone Plans for Multi-Device Deals
In the biggest revamp in wireless pricing in years, Verizon Wireless is dropping nearly all of its phone plans in favor of pricing schemes that encourage consumers to connect their non-phone devices, like tablets and PCs, to its network.
S&P Cuts Credit Ratings for AT&T and Verizon
Standard & Poor's lowered the credit ratings for AT&T and Verizon Communications on Monday, saying that increased competition will make it harder for the two largest phone companies to pay down their long-term debt.
Verizon Fined $25 Million by FCC for Data Download Overcharges
Verizon was today fined a record $25 million by the Federal Communications Commission and agreed to refund an additional $52.8 million to customers to settle allegations that the largest U.S. mobile-phone company overcharged customers for data fees.
Verizon CFO John Killian to Retire at End of This Year
Verizon Communications said that CFO John F. Killian will retire near the end of this year. No successor was named.
