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.
September 5, 2013 |
Verizon Communications Inc. disclosed the details Tuesday of its $130 billion deal to acquire Vodafone Group Plc's 45 percent stake in Verizon Wireless. Verizon, the phone-service provider in the Northeastern United States, has operated Verizon Wireless in a joint venture with London-based Vodafone since April 2000. The transaction will give Verizon full control of the nation's largest wireless provider, with slightly more than 100 million subscribers, even as Wall Street speculates about other telecom deals.
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.
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.
April 19, 2012 |
City Councilman Bobby Henon plans to haul allegedly negligent landlords into City Hall to answer for why they've let properties deteriorate, going so far as to single out eight people during Council's session Thursday. Should they refuse to agree to testify before Council, Henon said he would subpoena them as part of a resolution he introduced in March to compel witnesses to come forward and provide documents. "We need to start thinking about how and why our buildings fall into disarray, about why they become abandoned in the first place, about the way that we respond when the first call comes in from a resident about short-dumping, about a broken window, about trash on a lawn and any other property maintenance issue," Henon said Thursday.
August 9, 2011 |
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.