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Confirming leaks, Verizon trims prices on 4G data plans

Verizon Wireless announced a new set of plans that increased allowances and cut prices on data plans for smart phones and tablets, confirming word of a change that leaked out yesterday.

Verizon is calling it "MORE Everything" and under the plan, existing customers will see a $10 a month drop on the price of plans with allowances of eight gigabytes or less, and a $20 reduction on the price of plans of 10 GB or more.

Click here to read the full report from Recode

By Arik Hesseldahl of Re/code.net.

CNBC's parent NBC Universal is an investor in Re/code's parent Revere Digital, and the companies have a content-sharing arrangement.