Jennifer Prentice, a medical- equipment saleswoman in Minneapolis, once had no qualms about dropping $600 or more for Gucci purses. Now she spends $300 for Coach Inc. bags and is filling in her Burberry wardrobe with pieces from J. Crew.
Verizon Wireless, the mobile-phone joint venture of Verizon Communications Inc. and Vodafone Group Plc, plans to pay a $7 billion dividend to its co-owners, defusing a source of tension between the two companies.
Nokia Oyj, the Finnish mobile-phone maker trying to win back users from Apple Inc. and Samsung Electronics Co., struck a deal to get Verizon Wireless to sell its new smartphone, said two people familiar with the plan.
Dish Network Corp.’s bid for Sprint Nextel Corp. may benefit from not involving a foreign buyer, and could find favor with U.S. regulators eager to boost competition among mobile providers, analysts said.
Nortel Networks Corp. , once North America’s largest communications equipment provider, wants a bankruptcy judge to settle a dispute over Avaya Inc. ’s $915 million purchase of the corporate networks business that was completed last year.