Pins matching place:"6th Avenue"

Marriott's plan for the world's tallest modular hotel in Manhattan's NoMad district collapsed after years of stalled construction, and the site was sold for a residential condo tower instead.

Nordstrom's board agreed to sell the retailer to the founding Nordstrom family and Mexican department-store group El Puerto de Liverpool for $24.25 a share in cash, a $6.25 billion deal that would return the 124-year-old chain to family control with the family holding 50.1% and Liverpool 49.9%.

Verizon became the first US carrier to let customers text any other phone by satellite when out of cellular range, starting with Samsung Galaxy S25 and Google Pixel 9 phones.

Verizon guaranteed new and existing myPlan and myHome customers that their base plan price would not change for three years, with the lock resetting on every plan change, until it quietly stopped offering it on mobile plans in June 2026.

Nordstrom shareholders approved the $6.25 billion take-private merger with the Nordstrom family and El Puerto de Liverpool at a virtual special meeting, with more than 99% of votes cast backing the deal and minority shareholders separately clearing the required majority.

Nordstrom's take-private merger with the Nordstrom family and El Puerto de Liverpool became effective, ending 36 years as a New York Stock Exchange-listed company as shareholders received $24.25 a share in cash and the retailer returned to family control.

Verizon beat its own plan in the second quarter of 2025, with adjusted EPS of $1.22 and wireless service revenue of $20.9 billion, and raised its full-year guidance for adjusted EBITDA, adjusted EPS and free cash flow.

A software issue knocked Verizon Wireless customers from California to Florida into SOS mode for much of Saturday afternoon, with Downdetector reports peaking near 23,000 before service was restored by midnight.

Verizon's board raised the quarterly dividend by 1.25 cents to 69 cents a share, its 19th annual increase in a row, payable on 3 November 2025.

Verizon's board named former PayPal chief Dan Schulman, its lead independent director, as CEO in place of Hans Vestberg, and made Mark Bertolini chairman.

Verizon's third-quarter 2025 results, the first under new CEO Dan Schulman, showed adjusted EPS of $1.21 but a loss of 7,000 consumer postpaid phones, as Schulman promised to aggressively transform the company's culture and costs.

CEO Dan Schulman told staff Verizon would cut more than 13,000 jobs, its largest single layoff, and franchise 179 company-owned stores, taking a $1.6 to $1.8 billion severance charge.

A software issue took down Verizon Wireless across the US for about ten hours, from around noon until 10:15 PM ET, with Downdetector counting more than 178,000 affected at the peak; Verizon gave affected customers a $20 credit.

Verizon added 616,000 postpaid phones in the fourth quarter of 2025, its best quarter since 2019, met its 2025 guidance and set a 2026 outlook of adjusted EPS of $4.90 to $4.95.

Verizon's board authorised up to $25 billion of share repurchases and raised the quarterly dividend 2.5 percent to $0.7075, part of a plan to return about $55 billion to shareholders through 2028.

Sowmyanarayan Sampath stepped down as CEO of Verizon Consumer Group, with Chief Transformation Officer Alfonso Villanueva, a former PayPal colleague of Dan Schulman's, taking over on an interim basis.

Verizon posted its first positive first-quarter postpaid phone net additions since 2013, a record $13.4 billion of adjusted EBITDA, and raised its 2026 adjusted EPS guidance.

The three biggest US carriers agreed in principle to form a joint venture pooling spectrum so satellite operators can reach phones directly and all but end wireless dead zones.

Verizon scrapped activation and upgrade fees, launched a Verizon Dollars and Verizon Shine loyalty program for every customer, and introduced the $45 Simplicity plan with unlimited 5G Ultra Wideband for all.

Verizon and BT agreed to combine their international enterprise networking arms into a 50:50 joint venture serving over 3,000 multinationals in 180-plus countries with about $4 billion in combined annual revenue; Verizon pays BT $625 million to equalize.

Verizon said it will hand 274 company-owned stores to franchise operators and cut about 500 corporate jobs, moves affecting about 3,000 employees, effective 16 August 2026.

Verizon added 184,000 postpaid phones and posted a record 40.1 percent adjusted EBITDA margin in the second quarter of 2026, raising full-year guidance for a second time and lifting its buyback target to $4.5 billion.

Verizon turned its Verizon Shine loyalty drops over to the NFL for the week before kickoff, giving away free tickets to every domestic regular-season game, 22 VIP team experiences and NFL Sunday Ticket from YouTube.

Verizon agreed to buy more than 80 million miles of Corning optical fiber from 2027 to 2032 to push toward 40-50 million broadband passings and build long-haul fiber between AI data centers.

Verizon's third-quarter 2026 results, where it has guided mobility and broadband service revenue growth to approach 3.0 percent on the way to about 4.0 percent in the fourth quarter.