http://thedailyrecord.com Maryland's trusted source for business and legal news Tue, 21 May 2013 01:31:43 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://thedailyrecord.com/2012/12/10/verizon-moves-7-5b-in-pension-obligations-to-prudential-challenge-fails/ http://thedailyrecord.com/2012/12/10/verizon-moves-7-5b-in-pension-obligations-to-prudential-challenge-fails/#comments Mon, 10 Dec 2012 23:39:41 +0000 Associated Press http://thedailyrecord.com/?p=229660 NEW YORK — Phone company Verizon Communications Inc. said Monday it has transferred $7.5 billion in pension obligations to Prudential Insurance after a retiree association failed to persuade a court to stop the move. Members of the Association of BellTel Retirees sued in federal court in Dallas two weeks ago to stop the deal, saying [...]

]]> http://thedailyrecord.com/2012/12/10/verizon-moves-7-5b-in-pension-obligations-to-prudential-challenge-fails/feed/ 0 http://thedailyrecord.com/2012/06/04/verizon-offering-buyouts-to-1700-wireline-workers/ http://thedailyrecord.com/2012/06/04/verizon-offering-buyouts-to-1700-wireline-workers/#comments Mon, 04 Jun 2012 18:06:47 +0000 Associated Press http://thedailyrecord.com/?p=216573 NEW YORK — Phone company Verizon Communications Inc. is offering buyouts to 1,700 workers, mainly call-center employees and technicians, as it continues to shrink its wireline business. The offer applies to less than 1 percent of Verizon’s overall workforce of 191,800 as of the end March, and about 2 percent of its wireline workforce. Verizon [...]

]]> http://thedailyrecord.com/2012/06/04/verizon-offering-buyouts-to-1700-wireline-workers/feed/ 0 http://thedailyrecord.com/2012/05/07/att-barges-into-home-security-and-automation/ http://thedailyrecord.com/2012/05/07/att-barges-into-home-security-and-automation/#comments Mon, 07 May 2012 15:38:49 +0000 Associated Press http://thedailyrecord.com/?p=214851 NEW YORK — AT&T Inc. will start selling home automation and security services nationwide, taking on incumbents led by Tyco International Ltd.’s ADT. The installations and services will be sold in AT&T stores, starting with a trial this summer in Dallas and Atlanta. Several of AT&T’s competitors, including cable TV company Comcast Corp. and phone [...]

]]> http://thedailyrecord.com/2012/05/07/att-barges-into-home-security-and-automation/feed/ 0 http://thedailyrecord.com/2011/12/30/verizon-reverses-on-2-fee-for-one-time-payments/ http://thedailyrecord.com/2011/12/30/verizon-reverses-on-2-fee-for-one-time-payments/#comments Fri, 30 Dec 2011 22:21:05 +0000 Associated Press http://thedailyrecord.com/2011/12/30/verizon-reverses-on-2-fee-for-one-time-payments/ NEW YORK — After a customer backlash, Verizon Wireless on Friday dropped a plan to start charging $2 for every payment subscribers make over the phone or online with their credit or debit cards. In a statement on its website Friday, the company said “customer feedback” prompted the decision to drop the “convenience fee” it [...]

]]> http://thedailyrecord.com/2011/12/30/verizon-reverses-on-2-fee-for-one-time-payments/feed/ 0 http://thedailyrecord.com/2011/12/30/court-oks-immunity-for-telecoms-in-wiretap-case/ http://thedailyrecord.com/2011/12/30/court-oks-immunity-for-telecoms-in-wiretap-case/#comments Fri, 30 Dec 2011 15:47:23 +0000 Associated Press http://thedailyrecord.com/2011/12/30/court-oks-immunity-for-telecoms-in-wiretap-case/ SAN FRANCISCO — A federal appeals court has ruled as constitutional a law giving telecommunications companies legal immunity for helping the government with its email and telephone eavesdropping program. Thursday’s unanimous ruling by a three-judge panel of the 9th U.S. Circuit Court of Appeals affirmed a lower court decision regarding the 2008 law. The appeal [...]

]]> http://thedailyrecord.com/2011/12/30/court-oks-immunity-for-telecoms-in-wiretap-case/feed/ 0 http://thedailyrecord.com/2011/08/08/verizon-workers-hit-picket-lines-from-mass-to-va/ http://thedailyrecord.com/2011/08/08/verizon-workers-hit-picket-lines-from-mass-to-va/#comments Mon, 08 Aug 2011 15:58:55 +0000 Associated Press http://thedailyrecord.com/2011/08/08/verizon-workers-hit-picket-lines-from-mass-to-va/ Thousands of Verizon landline workers took to picket lines Monday from Massachusetts to Baltimore to Virginia, fighting management demands for contract givebacks and disputing that their work is unprofitable. Verizon Communication Inc. countered that its 45,000 unionized workers in the East should not expect the kind of compensation they were paid when the phone company [...]

]]> http://thedailyrecord.com/2011/08/08/verizon-workers-hit-picket-lines-from-mass-to-va/feed/ 0 http://thedailyrecord.com/2011/04/04/court-dismisses-challenges-to-fcc-internet-rules/ http://thedailyrecord.com/2011/04/04/court-dismisses-challenges-to-fcc-internet-rules/#comments Mon, 04 Apr 2011 19:00:43 +0000 Associated Press http://thedailyrecord.com/?p=195776 WASHINGTON — A federal appeals court has dismissed two legal challenges to new Federal Communications Commission regulations that prohibit phone and cable companies from interfering with Internet traffic on their broadband networks. The U.S. Court of Appeals for the District of Columbia on Monday dismissed lawsuits filed by Verizon Communications Inc. and Metro PCS Communications [...]

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