Verizon Communications Inc., the second-largest U.S. phone company, reported an increase in profitability at its wireless unit that topped analyst estimates as sales of smartphones boosted customers’ bills.
Leap Wireless International Inc. and MetroPCS Communications Inc. may be takeover targets for bigger rivals AT&T Inc. or T-Mobile USA after the larger companies’ $39 billion merger plan collapsed, JPMorgan Chase & Co. said.
MetroPCS Communications Inc., a pay- as-you-go wireless carrier, advanced the most since its initial public offering more than five years ago after reporting quarterly profit that beat analysts’ estimates amid a decrease in promotional costs.
Nokia Oyj , the world’s biggest maker of mobile phones, may make an early announcement of lower-than- expected second-quarter earnings on a weak product range and price cuts as the euro falls, Macquarie Group Ltd. said.
Bayer AG , the world’s biggest maker of foam-like materials used in construction and upholstery, expects to crank out plastics at volumes close to pre-crisis levels as customers in Asia race to meet demand.