BASKING RIDGE, N.J., Jan. 18, 2024 (GLOBE NEWSWIRE) -- Verizon Frontline today introduced Michael Berkow, former director of the U.S. Coast Guard Investigative Service (CGIS), as the newest member of the Verizon First Responder Advisory Council (VFRAC). As head of the CGIS, Berkow, who brings more than 30 years of law enforcement experience to his new role, oversaw all investigations involving crimes on the water and led a team of 450 special agents located in Coast Guard offices around the world. His disti ...

Key TakeawaysVerizon said Wednesday it would take a $5.8 billion charge to write down the value of its Verizon Business Group.The telecom firm noted the unit faced declines in wireline revenue along with competitive and macroeconomic pressures.Verizon said that a review done in the fourth quarter showed the long-term financial outlook of the unit was lower than previously expected.Verizon Communications Inc. (VZ) shares declined Wednesday after the telecommunications giant said it would take a $5.8 billion ...

What you need to know: Preorder the latest Samsung Galaxy S24 series smartphone on Verizon today.New and existing Verizon customers on select Verizon Unlimited plans can trade in any model Samsung phone and get a new Galaxy S24 or Galaxy S24+ on us1.For a limited time, get 256GB for the price of 128GB, or 512GB for the price of 256GB when you pre-order your Galaxy S24 series phone2. SAN JOSE, Calif., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Breaking news: Samsung just unveiled the new Galaxy S24 series, featuring ...

Verizon Communications Inc. (VZ) is scheduled to report fourth-quarter 2023 results before the opening bell on Jan 23. In the last reported quarter, the telecom giant beat the Zacks Consensus Estimate by 5 cents.The company is expected to have recorded lower aggregate revenues year over year despite healthy momentum in the core wireless business, owing to a challenging macroeconomic environment.Factors at PlayDuring the fourth quarter, Verizon continued to capitalize on the full availability of 160 MHz of 5 ...

Verizon Communications isn’t selling as many landlines to businesses as it once did. ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

Verizon Communications Inc. has continued to face pressures in its business wireline operations, and it said Wednesday that it will be taking a roughly $5.8 billion impairment charge related to this part of the business. The noncash goodwill impairment charge for the fourth quarter comes after Verizon VZ, -0.04% finished a five-year planning review of its business reporting segment, which yielded lower financial projections than the prior five-year review did. Verizon pointed out in a Wednesday filing that ...

Verizon Communications (VZ) closed the most recent trading day at $39.29, moving +1.89% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.37% for the day. Elsewhere, the Dow lost 0.62%, while the tech-heavy Nasdaq lost 0.19%.The largest U.S. cellphone carrier's shares have seen an increase of 2.36% over the last month, surpassing the Computer and Technology sector's gain of 1.22% and the S&P 500's gain of 1.56%.The investment community will be paying close atten ...

As world business leaders, heads of state and more plan to address numerous global issues at the 2024 World Economic Forum in Davos, one CEO highlighted the "most important" infrastructure focuses of the century. "I think one of the most important infrastructures in this century is a digital infrastructure," Verizon CEO Hans Vestberg said on "Mornings with Maria," Tuesday."People being connected all the way from having connectivity and having services like digital healthcare, digital education, financial in ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Verizon Communications (VZ) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 23, 2024, might help the stock move higher if these key numbers are bette ...