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Verizon, Redbox plan Netflix challenge
Feb 6th, 2012
(Reuters) - Verizon Communications Inc and Coinstar's Redbox unit have formed a video joint venture to provide services aimed at competing directly against video rental giant Netflix Inc. Shares of Netflix fell almost 3 percent after news of the venture, which will combine the Redbox DVD rental kiosk business with an Internet video offering from Verizon. The alliance will mark Verizon's first foray into video streaming outside of its network operating region as the telephone company currently only offers Internet video services to customers using its FiOS television service. ... (Source: Reuters) -
By Kate Holton and Paul Sandle LONDON (Reuters) - Vodafone will reinvest a $3.2 billion (2.1 billion pounds) dividend from its healthy U.S. arm to counter weakness in southern Europe that contributed to the largest ever quarterly fall in the group's main revenue measure. The British firm is trying to decide whether to sell Verizon Wireless, it... [Full Article]
LONDON (AP) - Two men have been arrested on suspicion of endangering an aircraft after a plane carrying more than 300 people from Pakistan to Britain was diverted from its original course Friday, officials said. The incident further rattled the U.K. just days after a British soldier was brutally killed on a London street in a suspected terror attac... [Full Article]
NEW YORK (AP) - Portia de Rossi only believed it was happening when her agent got the good news from the producers. Michael Cera only believed it was happening when the cameras rolled. (Source: Associated Press)... [Full Article]
By Yeganeh Torbati DUBAI (Reuters) - President Mahmoud Ahmadinejad said on Wednesday he would ask Iran's supreme leader to reverse a ban preventing his aide from running in next month's presidential poll, a test of stability after the violent trauma of the 2009 vote. The Guardian Council, charged with vetting all candidates, disqualified ... [Full Article]
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