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BUSINESS
April 20, 2015 | By Jeff Gelles, Inquirer Columnist
Mayor Nutter says he's just negotiating a business deal as Philadelphia heads into talks with Comcast over a cable-franchise renewal. The city wants the best possible terms from its hometown cable, Internet, and entertainment giant - six public forums are scheduled next week, if you'd like to weigh in. David L. Cohen, the Philly lawyer who was once the brains and chief spinmeister behind former Mayor Ed Rendell and who now plays a similar role...
NEWS
May 14, 2015 | By Bob Fernandez, Inquirer Staff Writer
Verizon Communications Inc., which plans to launch a national video-streaming service this year, said Tuesday that it is buying AOL Inc. for $4.4 billion. AOL owns such digital brands as Mapquest, Huffington Post, and TechCrunch, and has developed online advertising platforms that could benefit Verizon's new streaming service, analysts say. The deal - which will likely face regulatory hurdles in Washington - will need to be approved by the Federal Trade Commission or the U.S. Department of Justice.
NEWS
March 5, 2008
In November, when Mayor-elect Michael Nutter called for Philadelphia's "best and brightest" to serve his administration, I was galvanized to take action. As a Class of 2007 Penn alum who has worked for many political campaigns (including Nutter's primary campaign), I saw myself as one of the people the new mayor would want to join his team. Many of my friends felt the same, and we submitted applications and resum?s to the administration. Months later, I have heard nothing back.
BUSINESS
December 14, 2008 | By Bob Fernandez INQUIRER STAFF WRITER
Telecom giant Verizon Communications Inc. hoped to sprint to a new pay-TV franchise agreement in Philadelphia this year and bring the cable battle to Comcast Corp.'s doorstep. But Verizon is facing headwinds from the cable king - which says the city's proposed 15-year deal with Verizon should be the same as the deal with Comcast - and from the realities of Philly politics. In its initial plan to install a high-speed FiOS pay-TV network in Philadelphia, Verizon said it would not wire the suburbanesque Far Northeast and the Northeast for years.
NEWS
August 8, 2011 | Inquirer Staff Report
As thousands of striking Verizon workers rallied and picketed from Massachusetts to Virginia, dozens this morning took to the sidewalks outside the company's offices at Ninth and Race Streets in Philadelphia this morning. Verizon Communications Inc. workers first took to the picket lines on Sunday, after unions representing 45,000 technicians, customer-service consultants and operators failed to reach an agreement with management on a new contract. Heath care costs and pensions were among the key issues.
BUSINESS
August 9, 2011 | By Jane M. Von Bergen, Inquirer Staff Writer
Amid reports of vandalism and tentative talks between labor and management, striking Verizon workers formed a river of red in their union T-shirts at a rally in Chinatown on Monday morning. About 600 workers thronged outside a Verizon operations facility at Ninth and Race Streets, temporarily blocking traffic, as they listened to speeches, shouted slogans, and heard updates from their leaders. They were among 45,000 Verizon Communications Inc. employees who went on strike early Sunday morning after management and labor failed to reach agreement on a contract.
BUSINESS
January 10, 2006 | By Akweli Parker INQUIRER STAFF WRITER
Comcast Corp. chairman and chief executive officer Brian L. Roberts said yesterday that the company will experience double-digit cash-flow growth for the next three years - a result of getting customers to sign up for more services. "We're going to have the whole company focused on running one bundled business," Roberts told investors at a Citigroup Inc. telecommunications conference in Phoenix. Two years ago, 40 percent of Comcast's customers bought a service in addition to basic cable.
BUSINESS
April 3, 2008 | By Bob Fernandez INQUIRER STAFF WRITER
Seeking to stay in the Internet speed game, Comcast Corp. is introducing a new Internet service with eight-times-faster downloads than its popular existing service. Extreme 50 is being launched today in Minneapolis and St. Paul, the Twin Cities market, and it will be available to 9.6 million homes in the United States by the end of the year, the company said. Comcast has not said when the new "wideband" service would be introduced in Philadelphia. But it will make Extreme 50 available to its entire network, which passes 48 million homes, by mid-2010.
NEWS
August 9, 2011 | Jim Fitzgerald, ASSOCIATED PRESS
NEW YORK - Striking Verizon landline workers say they laid the foundation for the company's booming wireless business and shouldn't be expected to give up contract benefits just because they work on a less profitable side of the business. But management says the company has to change to stay competitive and the 45,000 landline workers can't expect to be paid the way they were when the phone company was a monopoly. "It's no secret that the wireline business has experienced a 10-year decline in our customer base and in profitability," said CEO Lowell McAdam.
NEWS
December 11, 2008
Information technology may be able to weather the fallout. IT "is often looked at as a way to decrease the cost of operations and lower the risk of operations and improve productivity," said John Carrow, an executive at Blue Bell-based Unisys Corp., the largest IT company in Pennsylvania and in need of a good turn itself. The contraction of the financial-services industry is also expected to be a boon for IT companies as data centers and other aspects of merged banking companies need to be consolidated.
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