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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
November 18, 2013 | By Linda Loyd, Inquirer Staff Writer
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, on condition of anonymity. Verizon Communications, through its FiOS service, is the only other national pay-TV provider selling digital films.
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.
BUSINESS
December 11, 2008 | By Bob Fernandez and Jeff Shields INQUIRER STAFF WRITERS
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.
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.
BUSINESS
May 10, 2013 | By Bob Fernandez, Inquirer Staff Writer
Television distributors are being financially compensated for missed NHL games in this season shortened by labor problems, but hockey fans and other pay-TV subscribers won't see any of it. Neither the NHL nor TV distributors disclosed the financials in what the parties are describing as rebates, citing confidentiality agreements. A Comcast Corp. executive disclosed the existence of the rebates in a conference call with Wall Street analysts last week. Comcast and Verizon Communications Inc., which operates the FiOS service, will follow industry practice and not pass those rebates on to subscribers, say officials with both companies.
ENTERTAINMENT
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.
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