U.S. stocks closed narrowly mixed as the Fed minutes mostly confirmed market expectations for a rate hike in the second half of the year.» Read More
*AOL shares jump 19 pct; Verizon down 0.5 pct. May 12- Verizon Communications Inc said on Tuesday it will buy AOL Inc for $4.4 billion, turning the biggest U.S. wireless carrier into a leading provider of content and video for the web and mobile phones. AOL and its properties, including the Huffington Post, TechCrunch and Engadget websites, would become a Verizon...
A spike in long-term interest rates rattled investors Tuesday, nudging major U.S. stock indexes lower for the second day in a row. The price of oil closed above $60 a barrel for just the third time this year, giving a boost to energy stocks. "A dramatic increase in yields brought our market down in the morning, and as the pressure on the bonds eased up the stock market...
CNBC's Jim Cramer explains why the Verizon/AOL merger will benefit both parties.
NEW YORK— U.S. stocks are opening lower following declines in European markets. AOL soared 18 percent following news that the Internet company would be acquired by Verizon. Oil rose 35 cents to $59.60 a barrel in New York.
*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.
Verizon announced this morning plans to buy Internet services pioneer AOL in a $4.4 billion deal. Here are some highlights from AOL's history. —1992: America Online, commonly called AOL, goes public on the NASDAQ exchange.
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.
NEW YORK— After selling millions of Americans their mobile phones, Verizon now wants to capture their eyeballs, too. As its phone business slows down, the nation's largest wireless carrier is making a $4.4 billion bet that it can find growth in mobile video and advertising by buying AOL, one of the Internet's oldest brands, which has been through its own share of...
*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...