BlackBerry watched the unveiling of the iPhone with awe—then could only watch as the device stole its market share, according to a report.» Read More
*Deal includes $300 mln in AOL debt. *AOL CEO Tim Armstrong to continue to lead company. May 12- Verizon Communications Inc said it would buy AOL Inc in a $4.4 billion deal that gives the biggest U.S. wireless carrier access to AOL's mobile video platform and content including the Huffington Post news website.
U.S. stock index futures pointed to a sharply lower Wall Street open on Tuesday, as global stocks declined on the back of a sharp fall in bond prices.
Telecom giant Verizon announced Tuesday it will be buying AOL for $50 per share, or about $4.4 billion.
AOL decided to sell to Verizon in order to compete in a future marketplace dominated by larger players, CEO Tim Armstrong tells CNBC.
Some of the names on the move ahead of the open.
May 12- Verizon Communications Inc said it would buy AOL Inc in a deal valued at about $4.4 billion to gain access to AOL's digital advertising service and content. The deal, which includes about $300 million of AOL debt, will take the form of a tender offer followed by a merger, with AOL becoming a wholly owned subsidiary of Verizon upon completion.
*Investors have also been concerned that Greece could run out of cash. Euro zone finance ministers, who met on Monday, acknowledged progress in talks between Greece and its creditors but said more work was needed to close a cash-for-reforms deal. *AOL shares jump 18.1 percent to $50.29 after Verizon made an offer to buy the company for $4.4 billion.
May 12- Verizon Communications Inc said it would buy AOL Inc in a deal valued at about $4.4 billion.
Verizon's $4.4 billion deal to acquire AOL is the latest entry in the 25-year history of a company that changed the way people access the Internet.
The National Academy Foundation places high schoolers at big corporations like Verizon to learn what the adult worklife is all about.
BlackBerry CEO John Chen dishes on why they're back together with T-Mobile—and if he'll be wearing pink anytime soon!
*Alcatel holds up better than rivals despite U.S. slowdown. PARIS, May 7- Telecom equipment maker Alcatel-Lucent, which is set to be bought by larger rival Nokia, improved profit margins in the first quarter despite a marked sales slowdown in its biggest market, the United States. Alcatel-Lucent Chief Executive Michel Combes dismissed the idea on Thursday, saying...
*Alcatel holds up better than rivals despite U.S. slowdown. PARIS, May 7- Telecom equipment maker Alcatel-Lucent, which is set to be bought by larger rival Nokia, improved profit margins in the first quarter despite a marked slowdown in its biggest market, the United States. Higher software sales and strong demand for its Internet routing products, which help...
Verizon Communications Inc is the latest distributor to challenge the traditional pay-TV universe when it launched in April a new slimmed-down package of channels with the option to add on genres such as sports, kids or news. Fox, along with Comcast Corp's NBC Universal, said Verizon's service violates their contracts that allow Verizon to carry their...
May 6- Shares of Cablevision Systems Corp jumped as much as 8 percent after Chief Executive James Dolan said he would be interested in a "deal" with Time Warner Cable Inc, Comcast Corp and other cable operators. Cablevision, controlled by New York's Dolan family, operates primarily in the Greater New York area. CBS Corp's Sports Network joined Verizon's FiOS's new...
There's not going to be a one-size-fits-all model for watching television anymore, former ESPN President George Bodenheimer tells CNBC.
The Apple Watch could help you jump hotel lines and even order room service, says Travel Tipper's Steffan Berelowitz.
May 5- Walt Disney Co's quarterly revenue beat analysts' expectations, helped by increased spending by visitors at its theme parks and strength in the company's TV networks business. The sequel opened last weekend with $191.2 million in ticket sales in the United States and Canada- the second-biggest opening of all time. "As much as the quarter itself was strong...
The traditional cable bundle is not dead and still offers great value, Disney Chairman and CEO Bob Iger tells CNBC.
Walt Disney delivered quarterly earnings and revenue that topped expectations. Movies from Marvel and Lucasfilm are key to future results, says a top analyst.