Headline News
Verizon (VZ)
Verizon Wireless/Skype Announce Relationship
Verizon Wireless and Skype have announced a strategic relationship that will bring Skype to Verizon Wireless smartphones starting in March.
The new Skype mobile™ product enhances Verizon Wireless’ smartphones for users who have data plans by offering a new way to call around the globe, while also giving hundreds of millions of Skype users around the world the opportunity to communicate with users in the United States using Verizon Wireless.
Feb 17 · 8:45:00 AM · Source: Company Press Release
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by Larry Etter
Bank of New York Mellon (BK)
BNY Mellon To Acquire CIBC Mellon Trust Business
BNY Mellon said it has signed a definitive agreement to acquire the corporate trust business of CIBC Mellon. The acquisition is expected to close by the end of the
The acquisition will more than double BNY Mellon's share of the corporate trust market in Canada and expand its leadership position in a number of key segments, servicing domestic and cross-border debt issuances, structured credit and securitizations, government stimulus programs and public private partnership transactions.
Feb 17 · 8:40:00 AM · Source: Company Press Release
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by Larry Etter
ConocoPhillips (COP)
ConocoPhillips to Cut 2010 Capital Expenditures
ConocoPhillips says it will spend $11.2 billion on capital projects in 2010, a 10 per cent drop from estimated 2009 spending.
The nation's third-largest oil company previously said it would cut capital expenditures and sell off assets to help pay off debt and improve its cash position amid sagging profits.
Feb 16 · 2:52:00 PM · Source: News 1130
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by Michael Oliveto
Qwest Communications (Q)
Qwest Q4 Net Income Down 39%
Qwest today reported fourth quarter net income of $108 million, or 6 cents a share. compared with $177 million, or 10 cents a share, a year earlier. Revenue fell 9.7% to $2.99 billion.
Including an expense adjustment, Qwest met Wall Street's forecasts. Qw
Feb 16 · 11:44:00 AM · Source: Company Press Release
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by Larry Etter
Qwest Communications (Q)
Qwest Q4 Net Income Down 39%
Qwest today reported fourth quarter net income of $108 million, or 6 cents a share. compared with $177 million, or 10 cents a share, a year earlier. Revenue fell 9.7% to $2.99 billion.
Including an expense adjustment, Qwest met Wall Street's forecasts. Qw
Feb 16 · 11:43:00 AM · Source: Company Press Release
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by Larry Etter
Simon Property Group (SPG)
Simon Makes $10 Billion Offer for General Growth
Simon Property Group Inc. Tuesday said it has made an offer to acquire General Growth Properties Inc., the real estate investment trust that filed for bankruptcy last year, in a deal valued at over $10 billion, including about $9 billion in cash. The offer includes a consideration to creditors totaling some $7 billion,
Feb 16 · 11:39:00 AM · Source: Company Press Release
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by Larry Etter
Microsoft (MSFT)
Microsoft Unveils Windows Phone 7 Series
Microsoft has introduced its latest version of its ‘Windows phone operating system’, adding video-games and music features. Microsoft wants to change things around with the inclusion of the phone features in its operating system.
This is a bid to avoid Apple and Google eating into its market share; Microsoft wants to stem its losses in smartphone category and wants to give customers a whole new meaning to the smartphone category.
Feb 16 · 11:14:00 AM · Source: Company Press Release
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by Larry Etter
Intel (INTC)
Intel, Nokia Merge Software Platforms
Intel Corporation and Nokia said today they are merging their popular Moblin and Maemo software platforms, creating a unified Linux-based platform that will run on multiple hardware platforms across a wide range of computing devices, including pocketable mobile computers, netbooks, tablets, mediaphones, connected TVs and in-vehicle infotainment systems.
The companies believe the open software platform will accelerate industry innovation and time-to-market for a wealth of new Internet-based applications and services.
Feb 16 · 11:09:00 AM · Source: Company Press Release
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by Larry Etter
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