NEW YORK -- Verizon Communications (VZ - Get Report) hired advisers to prepare a possible cash and stock bid of $100 billion to take full control of Verizon Wireless from joint venture partner Vodafone (VOD), two people familiar with the matter told Reuters.
Verizon owns 55% of Verizon Wireless. It has yet to put forward a proposal to Vodafone but it has hired both banking and legal advisers for a possible bid, the sources said.
Verizon hopes to start discussions with Vodafone soon for a friendly deal but could take a bid public if Vodafone doesn't engage in talks, one of the sources told Reuters.
Amazon.com (AMZN - Get Report), the online retailer, is expected by Wall Street on Thursday to post first-quarter earnings of 8 cents a share on revenue of $16.14 billion. For the same quarter last year, the company earned 28 cents a share on revenue of $13.2 billion. Amazon's About to Pass Apple
Analysts expect oil giant Exxon Mobil (XOM - Get Report) on Thursday to post first-quarter profit of $2.05 a share on revenue of $119.83 billion. In last year's first quarter, Exxon, the world's most valuable company, earned $9.45 billion, or $2 a share, on revenue of $124 billion. UPS, Exxon, Ford in Earnings Profiles
Starbucks (SBUX - Get Report) is forecast to report fiscal second-quarter earnings of 48 cents a share on sales of $3.59 billion. Apple Ripens as Amazon, Starbucks Set to Report
United Parcel Service (UPS) is seen by Wall Street posting profit of $1.01 a share in the first quarter on revenue of $13.46 billion.
Zynga (ZNGA ) predicted losses per share in the second quarter on Wednesday as the online social games maker struggles to adapt to consumers' growing taste for mobile-based games. Zynga Plunges, Faces Q2 Losses
Qualcomm (QCOM), the mobile chip giant, beat Wall Street's earnings expectations but gave a weak earnings forecast. For the third quarter, Qualcomm said it expects non-GAAP earnings to be between 97 cents and $1.05 a share, on sales between $5.8 billion and $6.3 billion. Analysts are looking for $1.04 a share in earnings on $5.89 billion in sales. Qualcomm Drops Sharply on Weak Guidance
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts