United States

Verizon Communications Inc (VZ.N)

VZ.N on New York Stock Exchange

28 Jul 2016
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$-0.46 (-0.83%)
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Latest Key Developments (Source: Significant Developments)

Verizon Communications files for floating rate notes offering
Wednesday, 27 Jul 2016 08:55am EDT 

Verizon Communications Inc :Files for floating rate notes offering; size not disclosed - Sec filing.  Full Article

Fitch affirms Verizon's IDR at 'A-' Outlook stable
Tuesday, 26 Jul 2016 05:34pm EDT 

Verizon Communications Inc :Fitch affirms Verizon's IDR at 'A-'; Outlook stable.  Full Article

Verizon Communications reports Q2 earnings per share $0.17
Tuesday, 26 Jul 2016 06:45am EDT 

Verizon Communications Inc : Verizon reports 2Q results, reflecting continued strong operations while advancing key strategic and financial initiatives . Q2 revenue $30.5 billion versus I/B/E/S view $30.94 billion . Q2 adjusted non-GAAP earnings per share $0.94 excluding items . Q2 earnings per share $0.17 . Q2 earnings per share view $0.92 -- Thomson Reuters I/B/E/S . 2016 adjusted earnings to be at a level comparable to 2015, excluding 7-cent-per-share impact of 2016 work stoppage . Verizon Communications Inc sees 2016 consolidated capital spending between $17.2 billion and $17.7 billion . Sees minimum pension funding requirement of approximately $550 million in 2016 . Year 2017 consistent with GDP growth for that year . Second-quarter 2016 EPS also includes non-operational expenses of $1.1 billion after taxes, or 27 cents per share . Fy2016 earnings per share view $3.88 -- Thomson Reuters I/B/E/S . Fy2017 revenue view $127.81 billion -- Thomson Reuters I/B/E/S . Non-operational expenses of $1.1 billion after taxes in connection with early debt redemption and tender offers for quarter . Qtrly retail postpaid churn at a low 0.94 percent in second-quarter 2016, a year-over-year increase of 4 basis points.  Full Article

Yahoo, Verizon set termination fee for core business deal at $144.8 mln - SEC filing
Monday, 25 Jul 2016 12:07pm EDT 

Yahoo: If purchase agreement is terminated, company may be required to pay Verizon a termination fee of $144.8 million in certain circumstances - SEC filing .If purchase agreement terminated by Verizon due to breach of agreement, company to reimburse Verizon’s expenses in an amount up to $15 million.  Full Article

Yahoo CEO Marissa Mayer says views sale of the company as a success - CNBC
Monday, 25 Jul 2016 09:49am EDT 

: Yahoo CEO Marissa Mayer on CNBC - open minded about role after deal closes . Yahoo CEO Marissa Mayer on CNBC , asked if sale of the company is a failure - "I really view this as a success" Further company coverage: [YHOO.O VZ.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Verizon to get Yahoo's IP license that is not being conveyed with oper business
Monday, 25 Jul 2016 07:59am EDT 

Verizon Communications Inc :Will get non-exclusive, worldwide, perpetual, royalty-free license to all of Yahoo's IP that is not being conveyed with operating business.  Full Article

Verizon's Marni Walden, asked if Marissa Mayer is staying- "due to abnormal process, have yet to determine who new leaders will be" - CNBC
Monday, 25 Jul 2016 07:24am EDT 

:Verizon's Marni Walden on CNBC, asked if Marissa Mayer is staying - "due to abnormal process, have yet to determine who new leaders will be".  Full Article

Verizon is nearing deal to acquire Yahoo - Bloomberg
Friday, 22 Jul 2016 08:49am EDT 

:Verizon is nearing a deal to acquire Yahoo - Bloomberg.  Full Article

U.S. General Services Administration extends Networx contracts with Verizon
Wednesday, 20 Jul 2016 10:51am EDT 

Verizon Communications Inc: U.S. General Services Administration awarded extensions to Verizon for contracts held by co under agency's Networx program .Networx contract extensions feature a one-year base period and two one-year options.  Full Article

Yahoo suitors to offer up their third round of bids Wednesday- Recode
Tuesday, 5 Jul 2016 09:57am EDT 

:Yahoo suitors to offer up their third round of bids Wednesday; remaining bidders told final selection to take place around July 18 - Recode.  Full Article


Bytes and barrels: the origins of oil traders' love of Yahoo

NEW YORK For the oil industry, Yahoo Inc's decision this week to sell its core business to Verizon Communications Inc for $4.8 billion does not matter all that much. Their world already changed a few months ago, when the company said it would jettison its messaging system that has been the norm for oil traders since the late 1990s.