4th Quarter Dealt a Heavy Blow To Pension Plans
Large companies saw three quarters of strong gains for their chronically underfunded plans almost wiped out by the late-year stock market nosedive.
Verizon Beats on Earnings But Shares Fall 2%
“They’re guiding flat EPS year-over-year, at a time when GDP is growing strongly and competitive intensity is so benign. It’s not very inspiring."
Verizon to Take $4.6B Writedown on Media Unit
After spending $8.9 billion to acquire Yahoo and AOL, the telecom giant is reducing the goodwill value of its media brands to only $200 million.
Yahoo: The End of an Internet Giant
The assets left over after the the Verizon Communications purchase are now part of a holding company called ‘Altaba.’
Verizon Outbids AT&T in Battle for Straight Path
With a $3.1 billion offer for the spectrum owner, Verizon "now has all of the pieces in place to quickly accelerate the deployment of 5G."
AT&T Buys Straight Path in $1.25B Bet on 5G
The deal "will give AT&T a major boost in its effort to build 5G wireless networks using high bandwidth airwaves."
Verizon Shares Fall 4% on Earnings Miss
The subscriber growth of rivals T-Mobile and Sprint, which offer unlimited data plans, is creating "a competitive challenge" for Verizon.
Yahoo to Become ‘Altaba’ After Verizon Deal
The new name reflects Yahoo's transformation from an internet giant to "essentially a vehicle" for holding a 15% stake in Alibaba.
Verizon Makes SaaS Play With Fleetmatics Deal
The deal positions the companies to “become a leading provider of fleet and mobile workforce management solutions."
U.S. Firms Eyeing Benefits of Onshoring
Based on economic considerations, business environment, workforce quality, infrastructure, and risks, many midsize U.S. cities look attractive.
Verizon to Buy AOL for $4.4 Billion
The combination will provide customers a "premium digital experience based on a global multiscreen network platform," says Verizon.