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Facebook, Verizon power Wall Street to record levels

(Reuters) – U.S. stocks added to their record levels at the open on Thursday, driven by gains in Facebook and Verizon. Facebook (FB.O) jumped 4.23 percent, lifting both the S&P 500 and the Nasdaq Composite indexes, after the social network’s results beat Wall Street estimates. Verizon (VZ.N) surged 6 percent …

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Verizon, AT&T suspend ads from Google over offensive videos

U.S. wireless carriers Verizon Communications Inc and AT&T Inc said on Wednesday they have suspended digital advertising on Google’s YouTube and other advertising platforms not related to search over concerns that their ads may have run next to extremist videos. Verizon and AT&T joined a list of well-known British brands …

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Verizon to offer 5G to select customers in 11 U.S. cities

Verizon Communications Inc said on Wednesday it would offer its high-speed wireless 5G network to certain customers in 11 U.S. cities in the first half of 2017. Verizon will begin pilot testing 5G “pre-commercial services” in cities, including Atlanta, Dallas, Denver, Houston, Miami, Seattle and Washington, D.C. The company had …

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Verizon close to Yahoo deal, price cut of $250-350 million: sources

Verizon Communications Inc (VZ.N) is close to a revised deal to buy Yahoo Inc’s (YHOO.O) core internet business for $250 million to $350 million less than the original agreed price of $4.83 billion, according to a source briefed on the matter. Since last year, Verizon had been trying to persuade …

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Yahoo beats Wall Street view, sees Verizon deal closing in second quarter

Yahoo Inc on Monday reported better-than-expected quarterly profit and revenue, and said the sale of its core internet business to Verizon Communications Inc should be completed in the second quarter, allaying some investor concerns that the deal might collapse. The $4.8 billion Verizon transaction had originally been expected to close …

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Yahoo to be named Altaba, Mayer to leave board after Verizon deal

Yahoo Inc (YHOO.O) said Monday that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc (VZ.N). Yahoo has a deal to sell its core internet business, which includes its digital advertising, …

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Yahoo under scrutiny after latest hack, Verizon seeks new deal terms

Yahoo Inc (YHOO.O) came under renewed scrutiny by federal investigators and lawmakers on Thursday after disclosing the largest known data breach in history, prompting Verizon Communications Inc (VZ.N) to demand better terms for its planned purchase of Yahoo’s internet business. Shares of the Sunnyvale, California-based internet pioneer fell more than …

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Verizon may shift holiday marketing away from Note 7: spokeswoman

Verizon Communications Inc, (VZ.N) the largest U.S. wireless carrier, may shift marketing away from Samsung Electronics Co Ltd’s (005930.KS) troubled Galaxy Note 7 mobile phone heading into the critical holiday selling season, a company spokeswoman said on Monday. Samsung, the world’s largest smartphone maker, announced a global recall of at …

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Verizon to announce $5 billion deal to buy Yahoo on Monday: source

Verizon Communications Inc (VZ.N) will announce an agreement on Monday to buy Yahoo Inc (YHOO.O) for about $5 billion, according to a person familiar with the matter. The announcement will come before the start of New York trading hours, the source added. The deal will end months of uncertainty about …

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Verizon raises wireless plan rates, offers more data

Verizon Communications Inc (VZ.N), the No. 1 U.S. wireless provider, said on Wednesday that it would increase plan rates but expand data buckets by 30 percent for its customers, who increasingly stream content through mobile devices. Starting July 7, the company will roll out a revamped version of its My …

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