Technology Sector
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If Things do not Change Verizon Workers Could Continue with Their Strike

If Things do not Change Verizon Workers Could Continue with Their StrikeEven on Tuesday, the north country Verizon workers continued to picket in order to attract attention to their mainly related to issues of reduced membership and job security. Almost 36,000 workers have joined the strike.

Gene Cota, Verizon employee for eighteen years said, "They want to close down call centers, close certain buildings, shuffle people around."

For AT&T Wireless Margins Grows but Postpaid smartphone Subscriptions Drop in Q1

For AT&T Wireless Margins Grows but Postpaid smartphone Subscriptions Drop in Q1

On Tuesday, AT&T posted its first quarter earnings results that showed it lost 215,000 branded postpaid phone subscribers in the first three months of the year. AT&T has taken up a strategy to target high-end customers but it seems that did not work out well for the wireless company. However, the company revealed a prominent increase in margins for wireless consumers.

The Dallas, Texas based company said three million customers have signed in the company's unlimited mobile data plan that is accessible exclusively to the DirecTV subscribers.

Most of the Twenty Five Highest Paying Companies in the U.S. are Consulting and Technology Firms

Most of the Twenty Five Highest Paying Companies in the U.S. are Consulting and

On Wednesday, Glassdoor, the employment services website reported in a survey that highest paying companies in the United States need not be the biggest and the most glamorous names. The data was gathered based on figures reported anonymously by employees.

The notion that earning a six figure annually is easier at the technology or consulting sector than the others, proved to be true if one goes by the list presented by Glassdoor Inc.

Citrix Systems Report Better Than Expected First Quarter Earnings

Citrix Systems Report Better Than Expected First Quarter Earnings

Citrix Systems reported first quarterly earnings which grew faster than expectations of analysts. Citrix Systems is a member of IBD's Computer Software Specialty Enterprise industry group.

The software company, providing desktop virtualization, networking, server, application, software service, and cloud computing reported its earnings after the markets closed. The Florida based company said its adjusted earnings in the first quarter increased eighty one percent to $1.18 per share compared to expectation of 92 cents.

Verizon and Hearst Acquiring Complex Media in a Fifty-Fifty Joint Venture

Verizon and Hearst Acquiring Complex Media in a Fifty-Fifty Joint Venture

Verizon is still continuing its media acquisitions. Last month, Verizon Communications Inc and Hearst Corp. formed, Verizon Hearst Media Partners in order to build online video channels that mainly targets the millennials.

On Monday, Verizon and Hearst Corp. said they are buying Complex Media, the online publisher which mostly caters to young men.

Reportedly, the deal for Complex's whole operation will be valued somewhere between $250 and $300 million.

Uber fights crackdown with five days of free rides in Argentina

Uber fights crackdown with five days of free rides in Argentina

Globally popular rideshare company, Uber has announced that it will offer five days of free rides to its customers as the company faces a strict crackdown by the authorities in Argentina.

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