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Verizon Communications Inc (VZ)

VZ on New York Consolidated

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27 Jul 2016
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Wed, Jul 27 2016

BRIEF-Verizon Communications files for floating rate notes offering

* Files for floating rate notes offering; size not disclosed - Sec filing Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

BRIEF-Fitch affirms Verizon's IDR at 'A-' Outlook stable

* Fitch affirms Verizon's IDR at 'A-'; Outlook stable Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

Verizon posts subscriber gain shortfall, says Yahoo to fuel media push

Verizon Communications Inc  disappointed Wall Street on Tuesday by reporting a smaller-than-expected subscriber gain for its main wireless business, while its CEO gave few details about plans to increase revenue from its planned purchase of Yahoo Inc's internet assets.

UPDATE 6-Verizon posts subscriber gain shortfall, says Yahoo to fuel media push

July 26 Verizon Communications Inc disappointed Wall Street on Tuesday by reporting a smaller-than-expected subscriber gain for its main wireless business, while its CEO gave few details about plans to increase revenue from its planned purchase of Yahoo Inc's internet assets.

BRIEF-Verizon Communications reports Q2 earnings per share $0.17

* Verizon reports 2Q results, reflecting continued strong operations while advancing key strategic and financial initiatives

Verizon reports 5.3 pct fall in revenue

July 26 Verizon Communications Inc, the No. 1 U.S. wireless carrier by subscribers, reported a 5.3 percent fall in quarterly revenue as more customers opted for cheaper plans.

UPDATE 7-Verizon to buy Yahoo's core business for $4.8 bln in digital ad push

NEW YORK/SAN FRANCISCO, July 25 Verizon Communications Inc said on Monday it would buy Yahoo Inc's core internet properties for $4.83 billion in cash, marking the end of the line for a storied Web pioneer and setting the stage for a big new internet push by the telecom giant.

BRIEF-Moody's says Verizon's purchase of Yahoo will not impact its baa1 rating

* Moody's expects the deal between Yahoo and Verizon to close in the first quarter of 2017

Deals of the day- Mergers and acquisitions

July 25 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

BRIEF-Yahoo, Verizon set termination fee for core business deal at $144.8 mln - SEC filing

* If purchase agreement is terminated, company may be required to pay Verizon a termination fee of $144.8 million in certain circumstances - SEC filing

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