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Verizon Wireless to pay its parents $7 billion dividend

May 13, 2013 21:45
(Reuters) - Verizon Wireless, the biggest U.S. mobile service provider, said on Monday it would pay its parents Verizon Communications and Vodafone Group Plc a dividend of $7 billion in June. The dividend comes amid mounting speculation Verizon could buy Vodafone's stake in the venture if they can agree on a price. Reuters reported on April 24 that Verizon was preparing a $100 billion bid for the stake.

Vodafone moves towards U.S.-style pricing model

April 18, 2013 08:17
By Kate Holton LONDON (Reuters) - Vodafone unveiled a raft of changes to its pricing model on Thursday, moving more towards an American-style system to help protect its income from technologies offering rival services over the Internet. The changes are designed to deter customers from choosing popular "over-the-top" services such as Skype, What's App and Viber to message friends for free.

Verizon beats estimates and raises Vodafone pressure

April 18, 2013 08:01
By Sinead Carew (Reuters) - Verizon Communications Inc posted a higher-than-expected quarterly profit on the performance of its wireless business, which reined in costs without slowing growth. Verizon also ramped up the pressure on Vodafone Group Plc, which owns 45 percent of the Verizon Wireless unit. Verizon has been seeking to buy that stake and take full control of the top U.S. mobile company.

FTSE snaps three-day rally after miner weakness

March 13, 2013 11:31
By Alistair Smout LONDON (Reuters) - The FTSE 100 fell on Friday after a three-day rally, as investors backed away from riskier sectors and U.S. GDP figures came in below expectations. Material and energy stocks, which are sensitive to optimism over the global economic outlook, took 26 points off the FTSE 100, dragging the index into negative territory.

TAKE A LOOK-Consumer Electronics Show

January 9, 2013 14:45
Jan 10 (Reuters) - The world's largest technology companies are showcasing a new generation of "smart" gadgets at the Consumer Electronics Show in Las Vegas. Some are controlled by voice and gestures, some let you dictate emails or check real-time gas prices, and others incorporate innovations in cars. Click on the links below to see the latest major stories.
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