Verizon Says Manon Brouillette Steps Down As CEO Of Verizon Consumer Group
(RTTNews) - Verizon Communications Inc. (VZ) announced Monday that Manon Brouillette, CEO of Verizon Consumer Group, has stepped down from the role she has held since January 2022.
Verizon Consumer Group was formed in January 2019 in an organizational transformation designed along customer-facing functions instead of its traditional technology-silo structure. Verizon Chairman and CEO Hans Vestberg has assumed responsibility for leading the Consumer Group in addition to his day-to-day responsibilities.
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Verizon Q2 Profit Weak, Revenues Miss View, Backs Outlook; Stock Down
Shares of Verizon Communications were losing nearly 6 percent in the early morning trading on the NYSE on Monday after the telecom major maintained its fiscal 2024 outlook after reporting weak profit in its second quarter, in line with Street estimates. Revenues edged up on strong wireless service revenue and broadband subscriber growth, but missed market estimates.
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Verizon Records Non-cash Goodwill Impairment Charge In Q4 Of About $5.8 Bln
Verizon Communications Inc. (VZ) revealed Wednesday in a filing Form 8-K with the U.S. Securities and Exchange Commission that it recorded a non-cash goodwill impairment charge in the fourth quarter of approximately $5.8 billion (before and after-tax), resulting in the goodwill balance of the Business reporting unit of $1.7 billion as of December 31, 2023.
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Verizon Q3 Results Top Estimates; Backs FY23 Outlook
Telecom major Verizon Communications Inc. (VZ) reported Tuesday that its third-quarter net income attributable to the company decreased 2.8 percent to $4.88 billion from $5.02 billion last year. Earnings per share were $1.13, down from $1.17 in the prior year.
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Verizon To Offer All New Apple IPhone 15, Watch Lineup
Telecom major Verizon Communications Inc. said it will offer Apple Inc.'s all new lineup of iPhone 15 and iPhone 15 Plus, as well as Apple Watch Series 9 and Apple Watch Ultra 2. Verizon will also offer iPhone 15 Pro and iPhone 15 Pro Max, Apple's lightest Pro models ever. The new Apple Watch lineup also includes the second generation of Apple Watch SE, and AirPods Pro.
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TSX Tumbles More Than 1% As Stocks Fall On Tariff Concerns
After posting a record close the previous day, the Canadian market opened marginally up and edged higher Friday morning, but kept losing ground as the day progressed with stocks from across several sectors reeling under selling pressure as Trump administration confirmed that it would begin imposing 25% tariffs on imports from Canada from February 1.
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German Inflation Unexpectedly Eases In January
Consumer price pressures in Germany slowed unexpected at the start of the year amid a sharp slowdown in food inflation, offering some relief for the European Central Bank that lowered interest rates a day earlier and plan to continue easing to boost the single currency economy that came to a standstill in the final three months of 2024.
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Swiss Markets Ends Slightly Weak
The Swiss market edged down marginally on Friday with stocks paring gains in late afternoon trade as investors chose to take some profits following a long winning streak. Data showing a stronger than expected jump in the nation's retail sales aided sentiment.
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Major European Markets Close Slightly Higher
European stocks saw some profit taking in late afternoon trades on Friday, but the major markets in the region still managed to close slightly up.
Investors assessed recent economic data, earnings news, and monetary policy announcements of the Federal Reserve and the European Central Bank.
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