Friday, October 22, 2021

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Scott Moritz

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Verizon misses earnings estimates on 5G costs, Disney+ offer

NEW YORK – Verizon Communications Inc. missed fourth quarter profit estimates while adding more than a million new wireless subscribers, a possible precursor to...
VERIZON REPORTED a profit of $5.3 billion in the third quarter, a 5.4% increase year over year. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

Verizon tops profit estimates on gain in wireless subscribers

NEW YORK – Verizon Communications Inc. exceeded Wall Street estimates for third-quarter profit and subscriber growth, boosting investor confidence as the company expands its...
VERIZON reported a profit of $4 billion in the second quarter of 2019. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

Verizon tops subscriber estimates, gears up for 5G battle

NEW YORK – Verizon Communications Inc. exceeded Wall Street estimates for profit and subscriber growth in the second quarter, easing investor concerns as the...
THE U.S. JUSTICE DEPARTMENT has approved T-Mobile US Inc.’s acquisition of Sprint Corp. / BLOOMBERG NEWS FILE PHOTO/JEENAH MOON

T-Mobile wins U.S. approval for Sprint merger

NEW YORK – The Justice Department approved T-Mobile US Inc.’s acquisition of Sprint Corp., a deal it rejected under the previous administration, clearing one...
VERIZON HAS written down the value of its AOL and Yahoo acquisitions by $4.6 billion. / BLOOMBERG NEWS FILE PHOTO ANDREW HARRER

Verizon admits defeat with $4.6B AOL-Yahoo writedown

NEW YORK - Verizon Communications Inc. is conceding defeat on its crusade to turn a patchwork of dot-com-era businesses into a thriving online operation. The wireless...
VERIZON COMMUNICATIONS said 10,400 employees, accounting for roughly 6.8 percent of its total staff, have accepted voluntary buyouts across the U.S. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

Verizon to give buyouts to 10,400 U.S. employees in restructuring

NEW YORK - Verizon Communications Inc. said 10,400 employees, or about 6.8 percent of its total staff, were accepted for voluntary buyouts as the...
AT&T HAS RECEIVED APPROVAL to acquire Time Warner. BLOOMBERG FILE PHOTO/PATRICK T. FALLON

AT&T cleared by judge to buy Time Warner, create media giant

NEW YORK - AT&T Inc. was cleared by a judge to take over Time Warner Inc. in an $85 billion deal that the mobile-phone giant...

AT&T cheers Republican tax cut with $1,000 worker bonus

NEW YORK – AT&T Inc., the phone carrier locked in a battle with the U.S. government over its Time Warner Inc. acquisition, lauded President...

Verizon, Yahoo cut merger price by $350M after hacks

NEW YORK - Verizon Communications Inc. will acquire Yahoo! Inc.’s Internet properties at a $350 million discount after revelations of security breaches at the...
VERIZON Communications Inc., the biggest U.S. wireless provider, will start selling a package that includes unlimited data, a tacit acknowledgment that smaller competitors have struck a chord with consumers who want to stream video without worrying about exceeding a cap. / BLOOMBERG NEWS PHOTO

Verizon offers unlimited data as mobile competition heats up

NEW YORK - Verizon Communications Inc., the biggest U.S. wireless provider, will start selling a package that includes unlimited data, a tacit acknowledgment that...

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