Verizon Communications

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  • Aug. 25, 2011, 2:22 PM

    Verizon (VZ -1.5%) and Intuit (INTU -2.3%) announce a strategic alliance to give small companies the ability to use smartphones and tablets to swipe credit cards using INTU's GoPayment app and VZ's handheld card reader - compatible with most Android phones, Blackberrys, iPhones and iPads.

    | Aug. 25, 2011, 2:22 PM
  • Aug. 25, 2011, 2:09 PM

    Samsung (SSNLF.PK) reportedly plans to sell its popular Galaxy S II smartphone in the U.S. via AT&T (T), Sprint (S), and T-Mobile - but not Verizon (VZ). At first glance, this is good news for Motorola (MMI) and HTC (HTCCF.PK), and incrementally so for Apple (AAPL). But it's possible Verizon's just waiting for Samsung's rumored 4G Celox phone to arrive.

    | Aug. 25, 2011, 2:09 PM
  • Aug. 25, 2011, 11:51 AM

    Verizon (VZ) is stepping up its efforts to become a leading player in cloud services: Big Red is acquiring CloudSwitch, a developer of software that makes it easier for companies to move applications to cloud platforms such as Amazon Web Services (AMZN), Microsoft's (MSFT) Azure, and Verizon's own Terremark offerings.

    | Aug. 25, 2011, 11:51 AM
  • Aug. 25, 2011, 9:04 AM

    The Labor Department reports at least 12,500 striking Verizon (VZ) workers filed initial jobless claims for the week ending Aug. 13, and another 8,500 were included in the Aug. 20 report released earlier today showing initial claims at 417K.

    | Aug. 25, 2011, 9:04 AM | 6 Comments
  • Aug. 24, 2011, 10:35 AM

    Analysts find mostly good news but some bad in the report that Sprint (S -0.7%) will sell the new iPhone (AAPL). Wells Fargo: "With an iPhone in its arsenal, S’s value message will continue to resonate with customers - especially vs. T and VZ." But "be careful what you wish for," Baird says, citing pressure on Sprint’s EBITDA given "upfront iPhone subsidy costs."

    | Aug. 24, 2011, 10:35 AM | 1 Comment
  • Aug. 22, 2011, 4:33 PM
    Verizon (VZ) may have settled its labor dispute with workers, but the 45K strikers will be added into the August unemployment report - only partially offset by VZ's replacement workers. As a result, the closely-watched jobs number will likely come in weaker than originally forecast for Aug.
    | Aug. 22, 2011, 4:33 PM | 2 Comments
  • Aug. 22, 2011, 8:32 AM

    Around 45,000 Verizon (VZ) workers are due to start returning to work this evening after a 15-day strike, enabling the carrier to avoid major losses from a prolonged walkout. Negotiations over a new contract will continue.

    | Aug. 22, 2011, 8:32 AM
  • Aug. 20, 2011, 3:33 PM
    Verizon's (VZ) 45,000 striking workers will head back to work on Tuesday - but without a deal. Two employee unions will keep negotiating a new contract, but it looks like the company's decision to suspend health benefits at month's end will get strikers back on the job for now.
    | Aug. 20, 2011, 3:33 PM | 6 Comments
  • Aug. 17, 2011, 11:35 AM

    Mobile analytics firm Validas estimates data consumption by AT&T (T) and Verizon (VZ) smartphone owners grew 116% and 150%, respectively, over the last 6 months - likely fueled by soaring iPhone and Android sales, and higher mobile video usage. ERIC, JNPR, FFIV, and ALLT are some of the names that stand to gain from higher capex to support mobile data services.

    | Aug. 17, 2011, 11:35 AM
  • Aug. 17, 2011, 10:29 AM

    Verizon (VZ) tells 45,000 striking workers it will suspend basic medical benefits at the end of the month if they haven’t returned to their jobs, a move union officials call a “scare” tactic. Verizon is asking the employees to pay more for health benefits, while the unions say the company is profitable and executive compensation is healthy.

    | Aug. 17, 2011, 10:29 AM | 2 Comments
  • Aug. 15, 2011, 2:42 AM
    Time Warner Cable (TWC) could announce today a deal to buy Insight Communications from Carlyle Group for around $3B, reports say. The purchase comes as cable customers move to telecom carriers such as Verizon (VZ), while others are canceling their subscriptions in favor of online video.
    | Aug. 15, 2011, 2:42 AM
  • Aug. 12, 2011, 2:44 PM

    Sprint Nextel (S +1.6%) cancels plans to sell a version of the BlackBerry PlayBook on its 4G network. The decision means Research In Motion (RIMM +0.7%) has yet to find any support for its tablet from the three top U.S. wireless carriers, while the iPad (AAPL) is advertised and supported by both AT&T (T) and Verizon Wireless (VZ), and it's displayed prominently in stores.

    | Aug. 12, 2011, 2:44 PM | 1 Comment
  • Aug. 11, 2011, 3:14 PM

    With bank CDs and government bonds paying a pittance, the value of large-cap stock dividends becomes even more compelling, Hale Stewart writes. Check out the latest dividend yields of these Dow stocks: T 6.28%, VZ 5.94%, MRK 5.1%, PFE 5.04%, INTC 4.37%, GE 4.24%, JNJ 3.87%, PG 3.74%, DD 3.66%, HD 3.65%.

    | Aug. 11, 2011, 3:14 PM
  • Aug. 10, 2011, 2:07 PM

    Verizon's (VZ +0.4%)  CEO stands his ground and reiterates today at a tech conference that labor contracts need to be changed, a proposal the union finds unacceptable with the firm profitable. Also a hot issue for VZ right now is the iPhone 5: When will it come? And how much can it add to the bottom line?

    | Aug. 10, 2011, 2:07 PM
  • Aug. 10, 2011, 1:58 PM
    Viewers are canceling or forgoing cable and satellite TV subscriptions in record numbers, according to an analysis of quarterly earnings reports, but it's not clear how much of the decline is caused by people adjusting to tough economic times or if they're watching cheap internet video. Analysts place the number cutting the cable cord during Q2 at 380K-450K.
    | Aug. 10, 2011, 1:58 PM | 6 Comments
  • Aug. 10, 2011, 9:28 AM

    Embattled Verizon (VZ) faces even more reports of sabotaged equipment in central New York including disruptions to 911 service, landlines and cell services emanating from an ongoing labor dispute. Shares -1.1% premarket.

    | Aug. 10, 2011, 9:28 AM | 3 Comments
Company Description
Verizon Communications Inc is a provider of communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its two segments are Wireless and Wireline.