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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.
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.
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
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.
BUSINESS
April 27, 2015 | By Jeff Gelles, Inquirer Columnist
OK, let's all take a deep breath about our hometown cable powerhouse. You can make merry or mourn over Comcast's decision - pushed by federal regulators - to drop its $45 billion takeover of Time Warner Cable. Then you can join me in focusing on more pressing business at hand now in Philly: the expected renewal of Comcast's citywide franchises - the first in 15 years. City officials have scheduled six public meetings for this week as they start negotiating. It's your chance to speak up. Does the national news matter to the deal Mayor Nutter and City Council should be pushing to get - or to people in the hundreds of other towns nearby with Comcast franchises also due to come up for all-but-certain renewal?
BUSINESS
February 25, 2014 | By Joseph N. DiStefano, Inquirer Staff Writer
A week after Comcast Corp. agreed to pay $45.2 billion for Time Warner Cable Co. and its 11 million paying customers, 50,000 workers, $22 billion in yearly sales and high profits, Facebook pledged Thursday to spend almost half as much for WhatsApp , a tiny Silicon Valley firm that's giving away free smartphone-messaging apps. "It's easy to say that Facebook severely overpaid," but that's the kind of gamble Internet giants make to try and stay on top, writes James M. Meyer , boss at $1 billion asset Tower Bridge Advisors of Conshohocken, in a report to clients of brokerage Boenning & Scattergood . Popular smartphone apps, like cable TV boxes, help consumers find - and advertisers fund - the tech and video flooding the world.
BUSINESS
November 17, 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, 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.
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