By Rand Paul
Obama acts as though we no longer have a Constitution
Verizon strengthened its position as the top dog of the wireless industry in its latest quarter by raking in new subscribers and selling millions of iPhones, but also posted a record loss.
Verizon Communications' fourth-quarter loss widened, dragged down by restructuring, pension and Superstorm Sandy costs. The company activated a record number of new devices on its contract-based plans during the period.
DVD kiosk operator Redbox is launching a challenge to Netflix's streaming-video supremacy.
Phone company Verizon Communications Inc. on Monday said it has transferred $7.5 billion in pension obligations to Prudential Insurance after a retiree association failed to convince a court to stop the move.
Verizon retirees have sued the phone company because it's planning to transfer the responsibility of paying their pensions to an insurance company, where they will have weaker legal protection.
Black Friday was no match for Sandy. Major retailers such as Kohl's, Target and Macy's on Thursday reported weak sales in November as a strong start to the holiday shopping season wasn't enough to fully offset a slow start to the month caused by Superstorm Sandy.
Verizon and AT&T said Thursday that their wireless networks are fully back up after Superstorm Sandy blew into the New York and New Jersey on Oct. 29.
Verizon Wireless said Monday that it will pay a dividend of $8.5 billion next month to its owners, Verizon Communications Inc. and Vodafone Group PLC., by the end of the year.
Time Warner Cable, one of the two big cable companies in the New York area, says it will automatically credit customers for outages caused by Superstorm Sandy.
Many homes in AT&T Inc.'s local-phone service areas will see the company becoming more competitive with cable for broadband service under a new $14 billion investment plan the company revealed Wednesday. But in more outlying areas, the company will start shifting customers from regular phone lines to wireless service.
Verizon says the effects of Superstorm Sandy on its fourth-quarter earnings could be "significant."
Phone and cable companies started assessing the damage in the storm-hit areas of the East Coast on Tuesday amid widespread reports of phone outages in flooded areas.
Water welling into southern Manhattan drenched one of the world's densest communications nodes, taking out popular websites and forcing carriers to reroute international traffic.
The Supreme Court is leaving in place a federal law that gives telecommunications companies legal immunity for helping the government with its email and telephone eavesdropping program.
The Supreme Court is leaving in place a federal law that gives telecommunications companies legal immunity for helping the government with its email and telephone eavesdropping program.
