Verizon Posts Flat Third-Quarter Earnings
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Verizon Communications Inc. VZ.N,  the largest U.S. telecommunications company, on Thursday  reported third-quarter earnings virtually unchanged from the  year before as wireless and high-speed Internet sales offset  losses of local phone lines.
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U.S. stocks were flat on Tuesday after  news that U.S. gross domestic product grew at a  stronger-than-expected pace in the third quarter failed to  excite Wall Street and oil prices held near $50 a barrel.
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Investor's Business Daily - Verizon Wireless is bringing next-generation 3G wireless data services to the nation's consumers -- behind Asia and parts of Europe, but ahead of all its U.S. carrier rivals.
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Verizon Communications  said on  Tuesday it stopped collecting a 3 percent federal excise tax on  monthly bills for long-distance services and those bundled with  wireless and Web-based services.
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Motorola Inc  on Thursday posted third-quarter earnings above Wall Street estimates and forecast a profit for the fourth quarter, raising expectations the mobile handset maker had begun to turn its business around.
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Marriott International Inc.  on  Thursday said its third-quarter net income fell 5 percent on  flat sales, but the top U.S. hotel operator's profit still beat  Wall Street expectations.
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Wall Street was headed for a flat start  on Friday as the slowing earnings season and tamer crude oil  prices allow investors to turn their attention to economic  growth figures for the third quarter.
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ERICSSON has posted a third-quarter profit in line with analyst expectations but said it expects only slight growth in mobile networks in the coming months.
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Anglo-Dutch oil major just about trumps its rival BP with third quarter earnings, but shares are largely flat.
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Verizon Communications Inc  said  on Monday its quarterly revenue rose due to strong wireless  subscriber growth, although profit fell after merger-related  costs and other items.
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Verizon Communications Inc   reported a better-than-expected quarterly profit on Monday  driven by strong wireless subscriber growth, though analysts  were unimpressed by its Internet subscription sales.
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U.S. stocks were little changed on Thursday after cell phone maker Nokia Corp.  raised its earnings forecast and weekly jobless claims fell more than Wall Street's forecast.
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Operating profits slipped 5.5 percent at Cingular Wireless LLC despite gains in both subscribers and revenue in what was likely the last full quarter before the company's completes its &#36;41 billion purchase of AT&amp;T Wireless Services Inc.
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Verizon Communications Inc.'s third-quarter profit held steady at about &#36;1.80 billion as declining revenues from traditional phone services at the nation's biggest telephone company were offset by another blockbuster quarter for Verizon Wireless, which added a record 1.7 million subscribers.
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Verizon Communications Inc. earned &#36;3.04 billion in the fourth quarter, posting a 6 percent revenue gain as another powerful showing by the cellular business more than compensated for the continuing decline of traditional local phone service.
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Verizon Wireless, a venture of Verizon  Communications VZ.N and Vodafone Group Plc VOD.L, said on  Thursday operating profit and revenue rose on strong subscriber  growth in the fourth quarter.
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Wireless chip developer Qualcomm Inc.   on Wednesday reported a 15 percent rise in  third-quarter net profit, but shares fell more than 7 percent  after it forecast fourth-quarter revenue lower than some  analysts' estimates.