August 8, 2011 |
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.
May 14, 2015 |
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.
August 9, 2011 |
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.
January 10, 2006 |
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.
April 3, 2008 |
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.
May 1, 2015 |
You may have read in my column about Verizon's new FiOS television offer, Custom TV. But you won't have seen commercials for it on, say, 6ABC. Why? The answer speaks bundles - excuse the expression - about the state of today's pay-TV business, an oligopoly that profits large content and network owners while digging ever deeper into customers' pockets. Together, those companies have insisted that customers pay for huge bundles of channels when most want to watch just a handful. Suddenly, Verizon is challenging a status quo it seemed to have accepted while rolling out FiOS over the last decade.
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.
December 11, 2008 |
Santa Claus won't be stuffing Verizon Communications Inc.'s stocking with a pay-TV franchise for Philadelphia this year. Verizon had hoped to have a pay-TV deal by year's end, but the proposed 15-year agreement, fast-tracked by Mayor Nutter, is bogged down in committee over jobs and the pace of the installation of the $700 billion FiOS pay-TV and Internet network. Verizon hit a new snag in recent days when a minority-owned cable company said it wanted to be included in the deal.
July 20, 2011
THE GIZMO: We're tracking two stories with a common theme - established tech companies plunging into new product categories. First, there's Verizon and Comcast's entry into home automation/security services. Then, Sony's first tablet computers. WELCOME TO JETSON-VILLE: Buoyed by research showing consumer interest in home automation, Comcast and Verizon are introducing services that make you master of your domain. In a recent demonstration of the forthcoming Verizon Home Monitoring and Control system, actors demonstrated what you'll soon be able to do in real life.
November 17, 2013 |
Comcast Corp. plans to sell movies and television shows through its set-top boxes and online before the end of the year, a person familiar with the deal said Friday. Comcast currently offers movies only for rent. The nation's largest cable operator declined to comment publicly because the talks with movie studios and television networks are not finalized. "The studios are very excited about it," said the person, who spoke on the condition of anonymity. Verizon Communications, through its FiOS service, is the only other national pay-TV provider to sell digital movies.