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BUSINESS
December 12, 2006 | From Bloomberg News
Verizon Communications Inc. said that President Lawrence Babbio would retire by the end of the first quarter. Babbio, 62, has been with Verizon and its predecessor companies for 41 years. He is responsible for Verizon Telecom and Verizon Business, two of its main networking businesses.
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BUSINESS
September 2, 2013 | By Walter Hamilton
In one of the largest deals in global corporate history, Verizon Communications Inc. agreed to pay $130 billion to buy Vodafone Group's 45% stake in Verizon Wireless and take full control of the nation's top wireless carrier. In an era of ubiquitous cellular service and fast-rising use of smartphones, Verizon was eager to take hold of a business with big challenges but equally significant potential. Despite heavy competition and slowing subscriber growth, the wireless business is expected to be paced in coming years by growing demand for video and other premium services.
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BUSINESS
March 23, 2001 | Bloomberg News
Verizon Communications Inc. was ordered to run separate units for wholesale and individual customers in Pennsylvania, a move that spares the largest local U.S. phone company from a costly breakup. The Pennsylvania Public Utility Commission adopted a plan letting Verizon remain intact in exchange for treating rivals leasing its lines the same way it treats its own retail business. If the company rejects the order, a full breakup might be required, the agency said.
BUSINESS
December 12, 2006 | From Bloomberg News
Verizon Communications Inc. said that President Lawrence Babbio would retire by the end of the first quarter. Babbio, 62, has been with Verizon and its predecessor companies for 41 years. He is responsible for Verizon Telecom and Verizon Business, two of its main networking businesses.
BUSINESS
February 22, 2001 | Times Wire Services
The Justice Department said it has lingering doubts that Verizon Communications Inc. has met the federal requirements to provide long-distance telephone service to local customers in Massachusetts. The antitrust authority urged the Federal Communications Commission, which will have final say on Verizon's application, to weigh the full record when ruling on the application.
BUSINESS
August 1, 2001 | From Bloomberg News and Reuters
Verizon Communications Inc. reported second-quarter profit in line with expectations Monday but cut its forecast for the full year because businesses are ordering fewer phone lines amid a slowing economy. The nation's largest telephone company now expects per-share earnings of $3.07 to $3.12 for fiscal 2001, less than the $3.13 to $3.17 it forecast earlier, spokesman Peter Thonis said. Sales are expected to grow about 5% to 6%, down from the 7% growth forecast in April.
BUSINESS
September 2, 2013 | By Walter Hamilton
In one of the largest deals in global corporate history, Verizon Communications Inc. agreed to pay $130 billion to buy Vodafone Group's 45% stake in Verizon Wireless and take full control of the nation's top wireless carrier. In an era of ubiquitous cellular service and fast-rising use of smartphones, Verizon was eager to take hold of a business with big challenges but equally significant potential. Despite heavy competition and slowing subscriber growth, the wireless business is expected to be paced in coming years by growing demand for video and other premium services.
BUSINESS
August 17, 2008 | David Colker, Times Staff Writer
When it comes to choosing broadband Internet providers, you can't always get what you want. But with certain limitations, you can get what you need. If you use the Internet regularly, chances are you already have broadband -- that is, a high-speed hookup, usually through your cable television provider or phone company. But are you getting it at the right speed and right price? There are more choices than ever, even though you typically have to go with a provider that serves your neighborhood.
NATIONAL
May 17, 2006 | Greg Miller and Joseph Menn, Times Staff Writers
Reversing a position it has held for months, the White House on Tuesday agreed to brief all members of the House and Senate intelligence committees on a controversial domestic wiretapping operation -- just as the architect of the program is facing a contentious confirmation hearing on Capitol Hill. In making the concession, the Bush administration is seeking to improve the prospects of the president's nominee to be the next CIA director, Air Force Gen. Michael V.
BUSINESS
June 6, 2003 | From Bloomberg News
Verizon Communications Inc. and other large U.S. telephone companies told federal regulators they oppose most new rules being developed to limit "slamming," or unauthorized switches of a customer's phone carrier. The Federal Communications Commission's proposed guidelines requiring more stringent verification of requests to change phone service providers would confuse consumers and add costs, Verizon, SBC Communications Inc., AT&T Corp. and rivals said in comments filed with the FCC.
BUSINESS
August 1, 2001 | From Bloomberg News and Reuters
Verizon Communications Inc. reported second-quarter profit in line with expectations Monday but cut its forecast for the full year because businesses are ordering fewer phone lines amid a slowing economy. The nation's largest telephone company now expects per-share earnings of $3.07 to $3.12 for fiscal 2001, less than the $3.13 to $3.17 it forecast earlier, spokesman Peter Thonis said. Sales are expected to grow about 5% to 6%, down from the 7% growth forecast in April.
BUSINESS
March 23, 2001 | Bloomberg News
Verizon Communications Inc. was ordered to run separate units for wholesale and individual customers in Pennsylvania, a move that spares the largest local U.S. phone company from a costly breakup. The Pennsylvania Public Utility Commission adopted a plan letting Verizon remain intact in exchange for treating rivals leasing its lines the same way it treats its own retail business. If the company rejects the order, a full breakup might be required, the agency said.
BUSINESS
February 22, 2001 | Times Wire Services
The Justice Department said it has lingering doubts that Verizon Communications Inc. has met the federal requirements to provide long-distance telephone service to local customers in Massachusetts. The antitrust authority urged the Federal Communications Commission, which will have final say on Verizon's application, to weigh the full record when ruling on the application.
BUSINESS
August 10, 2010 | By Tiffany Hsu, Los Angeles Times
Google Inc. and Verizon Communications Inc. reached an agreement Monday on how the Internet should be regulated, but it was very different from the controversial pact that was expected. Last week, the broadband provider and the Internet search giant were rumored to be close to a deal under which Verizon would deliver Google content more quickly — for a price. Such a deal would fly in the face of efforts to establish net neutrality, under which Internet service providers would be required to give equal treatment to all legal Web traffic.
BUSINESS
February 8, 2008 | From Times Wire Services
Verizon Communications Inc. sued Charter Communications Inc., claiming infringement of eight patents for providing telephone services on a data network. Charter, the suburban St. Louis-based cable TV company should pay cash compensation for using the inventions without permission, New York-based Verizon said in a complaint filed Feb. 5 in federal court in Texarkana, Texas.
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