Verizon Communications Inc. closed the books on a critical quarter. The company named its next CEO, shut down its latest experiment in a string of failed mobile-video services, geared up for its rollout of 5G network service and watched with insouciance as its three closest rivals—AT&T Inc., T-Mobile US Inc. and Sprint Corp.—took bold steps on the merger front. All this is giving a clearer picture of what a future Verizon looks like in a world where telecommunications, media distribution and entertainment are converging and industry stalwarts try to ward off Netflix Inc., a cash-burning, debt-dependent business that’s somehow never been a bigger threat. Verizon is signaling that its focus will remain where it’s always been—on its network technology—rather than jumping on the deal bandwagon or going all-in on a content bet. That’s not for lack of trying. Verizon said Tuesday that it took a $658 million … [Read more...] about Verizon Snubs Hollywood for Tech. Good Call.
T mobile v sprint
Jefferson Graham USA TODAY Published 2:12 p.m. UTC Jun 9, 2018 MANHATTAN BEACH, Calif. — The average monthly unlimited rate for a family plan from the big carriers starts at around $100, so a lot of heads turned this week when Sprint had a better offer: $60 for a family plan, or $15 for one line. The pricing is so unprecedented — $15 a line, that it warrants a look at what else you can get from the competition for $15 to $20. (Verizon, T-Mobile and AT&T charge $160 monthly for their family plans, although T-Mobile has military and senior discount plans available at $40 per line.) Rick Broida, who writes the Cheapskate column for CNET, calls Sprint's offer "amazing," and unlike any he's seen from a major carrier before. "For someone looking to get service on the cheap, this is unheard of." But there are limitations, namely that it's on the Sprint network, which is historically weaker than competitors—one reason that Sprint and No. 3 … [Read more...] about Is the $15 a month Sprint unlimited deal that good? We surveyed the competition. Nothing comes close.
People are worried about stock buybacks.One reason that people sometimes worry about stock buybacks is that they are supposedly a form of market manipulation: If a company buys its own stock, it’s probably because it wants the stock to go up, and that is arguably manipulative. People who dislike stock buybacks often make this argument. But people who like stock buybacks also seem to assume that they are a little manipulative, and so you often get articles where people worry that, without enough corporate buybacks, there’ll be no one to prop up the prices of stocks. And in fact the original understanding, way back in ancient financial history, was that corporate stock buybacks were probably illegal market manipulation, and so companies rarely did them. And then in 1982 the Securities and Exchange Commission came along with Rule 10b-18, which gives companies a “safe harbor” from manipulation liability if they follow its … [Read more...] about Companies Want Buybacks to Be Easier
Liverpool beat Roma 5-2 in a dramatic Champions League semi-final first leg on Tuesday to take a big step towards the final in Kiev, despite conceding two late away goals. Here are three things we learned from the Anfield showdown: Sublime Salah Asked if Roma would be able to subdue Mohamed Salah, Jurgen Klopp had hinted the Italians might resort to kicking his Egypt star, but the Liverpool manager need not have worried as they never got close enough to leave a scratch on the man of the moment. Salah left Roma to join Liverpool last year in a £34 million ($47 million) deal that now looks an absolute bargain after an incredible first season saw him voted PFA Player of the Year. Individual honours are fine, but Salah wants a Champions League winners' medal and he remains on course after demolishing his old club. Teed up inside the Roma area in the 36th minute, Salah was coolness personified as he curled his strike into the top corner. Salah's majestic effort made him the first … [Read more...] about Three things we learned from Liverpool v Roma