Apple Inc. is known for producing great products, like the iPod. Now Google Inc. with its acquisition of Nest Labs Inc. and its Apple alumni founder Tony Fadell, is hoping it produces great leaders who can replicate that success as well.
Ivan Seidenberg, the former chairman and chief executive officer of Verizon Communications Inc., said the directory unit Verizon spun off that later filed for bankruptcy was healthy and “completely stable.”
Vodafone Group Plc is poised to exit the best investment it ever made, pocketing as much as $130 billion from the 45 percent it owns in U.S. mobile company Verizon Wireless and focusing its attention on Europe.
Verizon Wireless, the largest U.S. mobile carrier, will introduce tiered pricing in the next four to six months to take advantage of the growth in data traffic as it rolls out its faster, fourth-generation network.
When corporate executives are asked why they don’t spend more of their record profits by investing in their businesses and hiring workers, they offer this mantra: uncertainty, brought on by President Barack Obama.
President Barack Obama rejected calls last year to nationalize the big banks, opting instead for market-based stress tests and injecting more private capital; he disappointed liberals by turning down a government-run national health-care program, and assists the struggling U.S. automobile industry to survive as a private enterprise.
The U.S. Federal Communications Commission has proposed “overbearing” rules for phone and cable companies that could dampen investment, said Verizon Communications Inc. Chief Executive Officer Ivan Seidenberg .
Verizon Communications Inc. , the second-largest U.S. phone company, named wireless-unit head Lowell McAdam president and chief operating officer, putting him in line to succeed Chief Executive Officer Ivan Seidenberg .